REG - AT & T Inc. - Annual Financial Report 2016 10-K <Origin Href="QuoteRef">T.N</Origin> - Part 3
07/03/2017 16:05
- Part 3: For the preceding part double click ID:nRSG7837Yb
10-gg Equalization Agreement for John Stankey (Exhibit 10.1 to Form 8-K dated August 20, 2015.)
10-hh Agreement between D. Wayne Watts and AT&T Inc. (Exhibit 10.2 to Form 8-K dated August 20, 2015.)
10-ii Agreement between James Cicconi and AT&T Inc. (Exhibit 10-b to Form 10-Q filed for September 30, 2016.)
10-jj Agreement between Ralph de la Vega and AT&T Inc. (Exhibit 10.1 to Form 8-K dated December 16, 2016.)
10-kk $9,155,000,000 Term Loan Credit Agreement, dated January 21, 2015, among AT&T, certain lenders named therein and Mizuho Bank, Ltd., as administrative agent. (Exhibit 10.1 to Form 8-K dated January 21, 2015.)
10-ll $12,000,000,000 Amended and Restated Credit Agreement, dated December 11, 2015, among AT&T, certain lenders named therein and Citibank, N.A., as administrative agent. (Exhibit 10 to Form 8-K dated December 15, 2015.)
10-mm $40,000,000,000 Term Loan Credit Agreement, dated October 22, 2016, among AT&T Inc., certain lenders named therein, and JPMorgan Chase Bank, N.A., as agent. (Exhibit 10.2 to Form 8-K dated October 24, 2016.)
10-mm (i) $30,000,000,000 Term Loan Credit Agreement, dated October 22, 2016, amended November 15, 2016, among AT&T Inc., the initial lenders named therein, and JPMorgan Chase Bank, N.A, as agent.
10-mm (ii) $30,000,000,000 Term Loan Credit Agreement, dated October 22, 2016, amended February 10, 2017, among AT&T Inc., the initial lenders named therein, and JPMorgan Chase Bank, N.A, as agent.
10-nn $10,000,000,000 Term Loan Credit Agreement, dated as of November 15, 2016, among AT&T Inc., the lenders named therein and JPMorgan Chase Bank, N.A., as Agent (Exhibit 10.1 to Form 8-K dated November 15, 2016.)
12 Computation of Ratios of Earnings to Fixed Charges
13 Portions of AT&T's Annual Report to Stockholders for the fiscal year ended December 31, 2016. Only the information incorporated by reference into this Form 10-K is included in the exhibit.
21 Subsidiaries of AT&T Inc.
23 Consent of Ernst & Young LLP
24 Powers of Attorney
31 Rule 13a-14(a)/15d-14(a) Certifications
31.1 Certification of Principal Executive Officer
31.2 Certification of Principal Financial Officer
32 Section 1350 Certification
99 Supplemental Interim Financial Information
101 XBRL Instance Document
We will furnish to stockholders upon request, and without charge, a copy of
the Annual Report to Stockholders and the Proxy Statement, portions of which
are incorporated by reference in the Form 10-K. We will furnish any other
exhibit at cost.
Schedule II - Sheet 1
AT&T INC.
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
Allowance for Doubtful Accounts
Dollars in Millions
COL. A COL. B COL. C COL. D COL. E
Additions
(1) (2) (3)
Balance at Beginning of Period Charged to Costs and Expenses (a) Charged to Other Accounts (b) Acquisitions (c) Deductions (d) Balance at End of Period
Year 2016 $ 704 1,474 - - 1,517 $ 661
Year 2015 $ 454 1,416 - 214 1,380 $ 704
Year 2014 $ 483 1,032 (32) - 1,029 $ 454
(a) Includes amounts previously written off which were credited directly
to this account when recovered. Excludes direct charges and credits to expense
for nontrade receivables in the consolidated statements of income.
(b) Includes amounts related to long-distance carrier receivables which
were billed by AT&T.
(c) Acquisitions of DIRECTV and wireless properties in Mexico in 2015.
(d) Amounts written off as uncollectible, or related to divested
entities.
Schedule II - Sheet 2
AT&T INC.
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS
Allowance for Deferred Tax Assets
Dollars in Millions
COL. A COL. B COL. C COL. D COL. E
Additions
(1) (2) (3)
Balance at Beginning of Period Charged to Costs and Expenses Charged to Other Accounts (a) Acquisitions (b) Deductions (c) Balance at End of Period
Year 2016 $ 2,141 81 61 - - $ 2,283
Year 2015 $ 1,182 283 373 420 117 $ 2,141
Year 2014 $ 927 - 445 - 190 $ 1,182
(a) Includes current year reclassifications from other balance sheet
accounts.
(b) Acquisitions of DIRECTV and wireless properties in Mexico in 2015.
(c) Reductions to valuation allowances related to deferred tax assets.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange
Act of 1934, the registrant has duly caused this report to be signed on its
behalf by the undersigned, thereunto duly authorized, on the 17th day of
February, 2017.
AT&T INC.
/s/ John J. Stephens
John J. StephensSenior Executive Vice Presidentand Chief Financial Officer
Pursuant to the requirements of the Securities Exchange Act of 1934, this
report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the date indicated.
Principal Executive Officer:
Randall Stephenson*
Chairman of the Board, Chief Executive Officer
and President
Principal Financial and Accounting Officer:
John J. Stephens
Senior Executive Vice President
and Chief Financial Officer
/s/ John J. Stephens
John J. Stephens, as attorney-in-factand on his own behalf as PrincipalFinancial Officer and PrincipalAccounting Officer
February 17, 2017
Directors:
Randall L. Stephenson* Michael B. McCallister*
Samuel A. Di Piazza, Jr.* Beth E. Mooney*
Richard W. Fisher* Joyce M. Roché*
Scott T. Ford* Matthew K. Rose*
Glenn H. Hutchins* Cynthia B. Taylor*
William E. Kennard* Laura D'Andrea Tyson*
Geoffrey Y. Yang*
* by power of attorney
EXHIBIT 12
AT&T INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Dollars in Millions
Year Ended December 31,
2016 2015 2014 2013 2012
Earnings:
Income from continuing operations before income taxes $ 19,812 $ 20,692 $ 10,355 $ 28,050 $ 10,496
Equity in net income of affiliates included above (98) (79) (175) (642) (752)
Fixed charges 7,296 6,592 5,295 5,452 4,876
Distributed income of equity affiliates 61 30 148 318 137
Interest capitalized (892) (797) (234) (284) (263)
Earnings, as adjusted $ 26,179 $ 26,438 $ 15,389 $ 32,894 $ 14,494
Fixed Charges:
Interest expense $ 4,910 $ 4,120 $ 3,613 $ 3,940 $ 3,444
Interest capitalized 892 797 234 284 263
Portion of rental expense representative of interest factor 1,494 1,675 1,448 1,228 1,169
Fixed Charges $ 7,296 $ 6,592 $ 5,295 $ 5,452 $ 4,876
Ratio of Earnings to Fixed Charges 3.59 4.01 2.91 6.03 2.97
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