REG - AT & T Inc. - 3Q16 Earnings 8K <Origin Href="QuoteRef">T.N</Origin> - Part 3
17/11/2016 17:40
- Part 3: For the preceding part double click ID:nRSQ5102Pb
Unaudited September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Segment Operating Revenues
Service $ 6,914 $ 7,363 -6.1 % $ 20,805 $ 22,019 -5.5 %
Equipment 1,353 1,421 -4.8 % 3,976 4,298 -7.5 %
Total Segment Operating Revenues 8,267 8,784 -5.9 % 24,781 26,317 -5.8 %
Segment Operating Expenses
Operations and support expenses 4,751 5,065 -6.2 % 14,343 15,808 -9.3 %
Depreciation and amortization 944 976 -3.3 % 2,798 2,912 -3.9 %
Total Segment Operating Expenses 5,695 6,041 -5.7 % 17,141 18,720 -8.4 %
Segment Operating Income 2,572 2,743 -6.2 % 7,640 7,597 0.6 %
Equity in Net Income of Affiliates - - - % - - - %
Segment Contribution $ 2,572 $ 2,743 -6.2 % $ 7,640 $ 7,597 0.6 %
Segment Operating Income Margin 31.1 % 31.2 % 30.8 % 28.9 %
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited September 30, Percent
2016 2015 Change
Consumer Mobility Subscribers
Postpaid 27,374 29,257 -6.4 %
Prepaid 13,035 10,988 18.6 %
Branded 40,409 40,245 0.4 %
Reseller 12,566 13,647 -7.9 %
Connected Devices 936 953 -1.8 %
Total Consumer Mobility Subscribers 53,911 54,845 -1.7 %
Three Months Ended Nine Months Ended
September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Consumer Mobility Net Additions
Postpaid 21 23 -8.7 % 89 289 -69.2 %
Prepaid 304 466 -34.8 % 1,169 895 30.6 %
Branded 325 489 -33.5 % 1,258 1,184 6.3 %
Reseller (316 ) 149 - % (1,140 ) (218 ) - %
Connected Devices 41 - - % 14 (109 ) - %
Total Consumer Mobility Net Additions 50 638 -92.2 % 132 857 -84.6 %
Total Churn 2.11 % 1.90 % 21 BP 2.06 % 1.93 % 13 BP
Postpaid Churn 1.19 % 1.33 % -14 BP 1.17 % 1.23 % -6 BP
INTERNATIONAL
The International
segment provides
entertainment
services in Latin
America and
wireless services
in Mexico. Video
entertainment
services are
provided to
primarily
residential
customers using
satellite
technology. We
utilize our
regional and
national wireless
networks in Mexico
to provide
consumer and
business customers
with wireless data
and voice
communication
services. Our
international
subsidiaries
conduct business
in their local
currency and
operating results
are converted to
U.S. dollars using
official exchange
rates.
Segment Results
Dollars in Three Months Ended Nine Months Ended
millions
Unaudited September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Segment Operating
Revenues
Video $ 1,297 $ 945 37.2 % $ 3,649 $ 945 - %
entertainment
Wireless service 484 494 -2.0 % 1,428 1,153 23.9 %
Wireless equipment 98 87 12.6 % 297 155 91.6 %
Total Segment 1,879 1,526 23.1 % 5,374 2,253 - %
Operating Revenues
Segment Operating
Expenses
Operations and 1,640 1,384 18.5 % 4,951 2,131 - %
support expenses
Depreciation and 293 225 30.2 % 868 346 - %
amortization
Total Segment 1,933 1,609 20.1 % 5,819 2,477 - %
Operating Expenses
Segment Operating (54 ) (83 ) 34.9 % (445 ) (224 ) -98.7 %
Income (Loss)
Equity in Net 1 (4 ) - % 24 (4 ) - %
Income (Loss) of
Affiliates
Segment $ (53 ) $ (87 ) 39.1 % $ (421 ) $ (228 ) -84.6 %
Contribution
Segment Operating (2.9 ) % (5.4 ) % (8.3 ) % (9.9 ) %
Income Margin
Supplementary
Operating Data
Subscribers and
connections in
thousands
Unaudited September 30, Percent
2016 2015 Change
Mexican Wireless
Subscribers
Postpaid 4,733 4,159 13.8 %
Prepaid 5,665 3,487 62.5 %
Branded 10,398 7,646 36.0 %
Reseller 300 445 -32.6 %
Total Mexican 10,698 8,091 32.2 %
Wireless
Subscribers
Latin America
Satellite
Subscribers
PanAmericana 7,139 7,006 1.9 %
SKY Brazil 5,337 5,538 -3.6 %
Total Latin 12,476 12,544 -0.5 %
America Satellite
Subscribers
Three Months Ended Nine Months Ended
September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Mexican Wireless
Net Additions
Postpaid 163 15 - % 444 47 - %
Prepaid 606 (210 ) - % 1,670 (677 ) - %
Branded 769 (195 ) - % 2,114 (630 ) - %
Reseller (26 ) (36 ) 27.8 % (100 ) (59 ) -69.5 %
Total Mexican 743 (231 ) - % 2,014 (689 ) - %
Wireless Net
Additions
Latin America
Satellite Net
Additions
PanAmericana (36 ) 16 - % 73 16 - %
SKY Brazil (12 ) (129 ) 90.7 % (107 ) (129 ) 17.1 %
Total Latin (48 ) (113 ) 57.5 % (34 ) (113 ) 69.9 %
America Satellite
Net Additions
SUPPLEMENTAL OPERATING INFORMATION - AT&T MOBILITY
As a supplemental discussion of our operating results, for comparison purposes, we are providing a view of our combined domestic wireless operations (AT&T Mobility).
Operating Results
Dollars in millions Three Months Ended Nine Months Ended
Unaudited September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
Operating Revenues
Service $ 14,963 $ 15,095 -0.9 % $ 44,673 $ 45,022 -0.8 %
Equipment 3,229 3,234 -0.2 % 9,398 9,797 -4.1 %
Total Operating Revenues 18,192 18,329 -0.7 % 54,071 54,819 -1.4 %
Operating Expenses
Operations and support expenses 10,696 10,865 -1.6 % 31,822 33,310 -4.5 %
Depreciation and amortization 2,107 2,046 3.0 % 6,244 6,082 2.7 %
Total Operating Expenses 12,803 12,911 -0.8 % 38,066 39,392 -3.4 %
Operating Income 5,389 5,418 -0.5 % 16,005 15,427 3.7 %
Equity in Net Income of Affiliates - - - % - - - %
Operating Contribution $ 5,389 $ 5,418 -0.5 % $ 16,005 $ 15,427 3.7 %
Operating Income Margin 29.6 % 29.6 % 29.6 % 28.1 %
Supplementary Operating Data
Subscribers and connections in thousands
Unaudited September 30, Percent
2016 2015 Change
AT&T Mobility Subscribers
Postpaid 77,388 76,671 0.9 %
Prepaid 13,035 10,988 18.6 %
Branded 90,423 87,659 3.2 %
Reseller 12,624 13,729 -8.0 %
Connected Devices 30,291 25,018 21.1 %
Total AT&T Mobility Subscribers 133,338 126,406 5.5 %
Domestic Licensed POPs (000,000) 323 321 0.6 %
Three Months Ended Nine Months Ended
September 30, Percent September 30, Percent
2016 2015 Change 2016 2015 Change
AT&T Mobility Net Additions
Postpaid 212 289 -26.6 % 598 1,140 -47.5 %
Prepaid 304 466 -34.8 % 1,169 895 30.6 %
Branded 516 755 -31.7 % 1,767 2,035 -13.2 %
Reseller (315 ) 156 - % (1,174 ) (205 ) - %
Connected Devices 1,331 1,602 -16.9 % 4,081 3,995 2.2 %
Total AT&T Mobility Net Additions 1,532 2,513 -39.0 % 4,674 5,825 -19.8 %
M&A Activity, Partitioned Customers and Other Adjustments 1 (9 ) - % 24 27 -11.1 %
Total Churn 1.45 % 1.33 % 12 BP 1.41 % 1.35 % 6 BP
Postpaid Churn 1.05 % 1.16 % -11 BP 1.04 %
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