REG - AT & T Inc. - 3Q16 Earnings 8K <Origin Href="QuoteRef">T.N</Origin> - Part 2
17/11/2016 17:40
- Part 2: For the preceding part double click ID:nRSQ5102Pa
(1 )
Issuance of long-term debt 10,140 33,967
Repayment of long-term debt (10,688 ) (9,962 )
Purchase of treasury stock (444 ) -
Issuance of treasury stock (excluding acquisition of DIRECTV) 137 133
Dividends paid (8,850 ) (7,311 )
Other (534 ) (2,875 )
Net Cash (Used in) Provided by Financing Activities (10,239 ) 13,951
Net increase (decrease) in cash and cash equivalents 774 (2,401 )
Cash and cash equivalents beginning of year 5,121 8,603
Cash and Cash Equivalents End of Period $ 5,895 $ 6,202
AT&T Inc.
Consolidated Supplementary Data
Supplementary Financial Data
Dollars in millions except per share amounts Three Months Ended Nine Months Ended
Unaudited September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Capital expenditures
Purchase of property and equipment $ 5,581 $ 5,028 11.0 % $ 15,283 $ 13,356 14.4 %
Interest during construction $ 232 $ 227 2.2 % $ 669 $ 566 18.2 %
Dividends Declared per Share $ 0.48 $ 0.47 2.1 % $ 1.44 $ 1.41 2.1 %
End of Period Common Shares Outstanding (000,000) 6,141 6,152 -0.2 %
Debt Ratio 50.1 % 50.8 % -70 BP
Total Employees 273,140 281,240 -2.9 %
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited September 30, Percent
2016 2015 Change
Wireless Subscribers
Domestic 133,338 126,406 5.5 %
Mexico 10,698 8,091 32.2 %
Total Wireless Subscribers 144,036 134,497 7.1 %
Total Branded Wireless Subscribers 100,821 95,305 5.8 %
Video Connections
Domestic 25,321 25,450 -0.5 %
PanAmericana 7,139 7,006 1.9 %
Brazil 5,337 5,538 -3.6 %
Total Video Connections 37,797 37,994 -0.5 %
Broadband Connections
IP 13,715 13,076 4.9 %
DSL 1,903 2,756 -31.0 %
Total Broadband Connections 15,618 15,832 -1.4 %
Voice Connections
Network Access Lines 14,603 17,352 -15.8 %
U-verse VoIP Connections 5,707 5,443 4.9 %
Total Retail Consumer Voice Connections 20,310 22,795 -10.9 %
Three Months Ended Nine Months Ended
September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Wireless Net Additions
Domestic 1,532 2,513 -39.0 % 4,674 5,825 -19.8 %
Mexico 743 (231 ) - % 2,014 (689 ) - %
Total Wireless Net Additions 2,275 2,282 -0.3 % 6,688 5,136 30.2 %
Total Branded Wireless Net Additions 1,285 125 - % 3,881 1,405 - %
Video Net Additions
Domestic (2 ) (65 ) 96.9 % (103 ) (37 ) - %
PanAmericana (36 ) 16 - % 73 16 - %
Brazil (12 ) (129 ) 90.7 % (107 ) (129 ) 17.1 %
Total Video Net Additions (50 ) (178 ) 71.9 % (137 ) (150 ) 8.7 %
Broadband Net Additions
IP 171 192 -10.9 % 447 871 -48.7 %
DSL (194 ) (321 ) 39.6 % (607 ) (1,067 ) 43.1 %
Total Broadband Net Additions (23 ) (129 ) 82.2 % (160 ) (196 ) 18.4 %
BUSINESS SOLUTIONS
The Business
Solutions segment
provides services to
business customers,
including
multinational
companies;
governmental and
wholesale customers;
and individual
subscribers who
purchase wireless
services through
employer-sponsored
plans. We provide
advanced IP-based
services including
Virtual Private
Networks (VPN);
Ethernet-related
products and
broadband,
collectively referred
to as strategic
business services; as
well as traditional
data and voice
products. We utilize
our wireless and
wired networks
(referred to as
"wired" or
"wireline") to
provide a complete
communications
solution to our
business customers.
Segment Results
Dollars in millions Three Months Ended Nine Months Ended
Unaudited September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Segment Operating
Revenues
Wireless service $ 8,049 $ 7,732 4.1 % $ 23,867 $ 23,003 3.8 %
Fixed strategic 2,888 2,646 9.1 % 8,447 7,745 9.1 %
services
Legacy voice and data 4,046 4,616 -12.3 % 12,567 14,081 -10.8 %
services
Other service and 908 885 2.6 % 2,652 2,585 2.6 %
equipment
Wireless equipment 1,876 1,813 3.5 % 5,422 5,499 -1.4 %
Total Segment 17,767 17,692 0.4 % 52,955 52,913 0.1 %
Operating Revenues
Segment Operating
Expenses
Operations and 10,925 10,921 - % 32,584 32,966 -1.2 %
support expenses
Depreciation and 2,539 2,474 2.6 % 7,568 7,276 4.0 %
amortization
Total Segment 13,464 13,395 0.5 % 40,152 40,242 -0.2 %
Operating Expenses
Segment Operating 4,303 4,297 0.1 % 12,803 12,671 1.0 %
Income
Equity in Net Income - - - % - - - %
of Affiliates
Segment Contribution $ 4,303 $ 4,297 0.1 % $ 12,803 $ 12,671 1.0 %
Segment Operating 24.2 % 24.3 % 24.2 % 23.9 %
Income Margin
Supplementary
Operating Data
Subscribers and
connections in
thousands
Unaudited September 30, Percent
2016 2015 Change
Business Solutions
Wireless Subscribers
Postpaid/Branded 50,014 47,414 5.5 %
Reseller 58 83 -30.1 %
Connected Devices 29,355 24,064 22.0 %
Total Business 79,427 71,561 11.0 %
Solutions Wireless
Subscribers
Business Solutions IP 963 891 8.1 %
Broadband Connections
Three Months Ended Nine Months Ended
September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Business Solutions
Wireless Net
Additions
Postpaid/Branded 191 265 -27.9 % 509 850 -40.1 %
Reseller 1 8 -87.5 % (34 ) 14 - %
Connected Devices 1,290 1,602 -19.5 % 4,067 4,104 -0.9 %
Total Business 1,482 1,875 -21.0 % 4,542 4,968 -8.6 %
Solutions Wireless
Net Additions
Business Solutions 0.97 % 1.05 % -8 BP 0.97 % 0.95 % 2 BP
Wireless Postpaid
Churn
Business Solutions IP 15 20 -25.0 % 52 70 -25.7 %
Broadband Net
Additions
ENTERTAINMENT GROUP
The Entertainment Group segment provides video, internet, voice communication, and interactive and targeted advertising services to customers located in the U.S. or in U.S. territories. We utilize our copper and IP-based wired network and/or our satellite technology.
Segment Results
Dollars in millions Three Months Ended Nine Months Ended
Unaudited September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Segment Operating Revenues
Video entertainment $ 9,026 $ 7,162 26.0 % $ 26,893 $ 11,024 - %
High-speed internet 1,892 1,685 12.3 % 5,562 4,861 14.4 %
Legacy voice and data services 1,168 1,419 -17.7 % 3,725 4,547 -18.1 %
Other service and equipment 634 592 7.1 % 1,909 1,868 2.2 %
Total Segment Operating Revenues 12,720 10,858 17.1 % 38,089 22,300 70.8 %
Segment Operating Expenses
Operations and support expenses 9,728 8,450 15.1 % 28,875 18,222 58.5 %
Depreciation and amortization 1,504 1,389 8.3 % 4,481 3,519 27.3 %
Total Segment Operating Expenses 11,232 9,839 14.2 % 33,356 21,741 53.4 %
Segment Operating Income 1,488 1,019 46.0 % 4,733 559 - %
Equity in Net Income (Loss) of Affiliates - 2 - % 1 (16 ) - %
Segment Contribution $ 1,488 $ 1,021 45.7 % $ 4,734 $ 543 - %
Segment Operating Income Margin 11.7 % 9.4 % 12.4 % 2.5 %
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited September 30, Percent
2016 2015 Change
Video Connections
Satellite 20,777 19,570 6.2 %
U-verse 4,515 5,854 -22.9 %
Total Video Connections 25,292 25,424 -0.5 %
Broadband Connections
IP 12,752 12,185 4.7 %
DSL 1,424 2,137 -33.4 %
Total Broadband Connections 14,176 14,322 -1.0 %
Voice Connections
Retail Consumer Switched Access Lines 6,155 7,675 -19.8 %
U-verse Consumer VoIP Connections 5,378 5,216 3.1 %
Total Retail Consumer Voice Connections 11,533 12,891 -10.5 %
Three Months Ended Nine Months Ended
September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Video Net Additions
Satellite 323 26 - % 993 26 - %
U-verse (326 ) (92 ) - % (1,099 ) (66 ) - %
Total Video Net Additions (3 ) (66 ) 95.5 % (106 ) (40 ) - %
Broadband Net Additions
IP 156 172 -9.3 % 396 802 -50.6 %
DSL (161 ) (278 ) 42.1 % (506 ) (922 ) 45.1 %
Total Broadband Net Additions (5 ) (106 ) 95.3 % (110 ) (120 ) 8.3 %
CONSUMER MOBILITY
The Consumer Mobility segment provides nationwide wireless service to consumers and wholesale and resale wireless subscribers located in the U.S. or in U.S. territories. We utilize our U.S. wireless network to provide voice and data services, including high-speed internet, video, and home monitoring services.
Segment Results
Dollars in millions Three Months Ended Nine Months Ended
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