For the year ending 2025-12-31, T-PA had $15,121M increase in cash & cash equivalents over the period. $19,442M in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | 23,386 | 12,253 | 15,623 | -6,874 |
| Depreciation and amortization | 20,886 | 20,580 | 18,777 | 18,021 |
| Provision for uncollectible accounts | 2,271 | 1,969 | 1,969 | 1,865 |
| Deferred income tax expense | - | 1,570 | 3,037 | 2,975 |
| Net (gain) loss on investments, net of impairments | - | -80 | -441 | -381 |
| Asset impairments and abandonments and restructuring | 838 | 5,075 | 1,193 | 27,498 |
| Pension and postretirement benefit expense (credit) | -1,588 | -1,883 | -2,552 | -3,237 |
| Actuarial and settlement (gain) loss on pension and postretirement benefits net | -519 | -56 | -1,594 | 1,999 |
| Net (gain) loss on investments | 5,889 | - | - | - |
| Receivables | 1,526 | -123 | -82 | -727 |
| Equipment installment receivables and related sales | -324 | 1,846 | 133 | -154 |
| Contract asset and cost deferral | 1,208 | -497 | -1 | 947 |
| Inventories, prepaid and other current assets | 460 | 383 | 642 | 674 |
| Accounts payable and other accrued liabilities | 884 | -810 | -1,764 | -1,109 |
| Changes in income taxes | 2,226 | - | - | - |
| Postretirement claims and contributions | 1,436 | 166 | 735 | 823 |
| Other net | -1,057 | -1,656 | -1,423 | 146 |
| Total adjustments | 16,898 | 26,518 | 22,691 | 42,686 |
| Net cash provided by operating activities from continuing operations | - | 38,771 | 38,314 | 35,812 |
| Net cash provided by operating activities | 40,284 | - | - | - |
| Capital expenditures | 20,842 | 20,263 | 17,853 | 19,626 |
| Acquisitions, net of cash acquired | 379 | 380 | 2,942 | 10,200 |
| Dispositions | 3,218 | 75 | 72 | 199 |
| Distributions from directv in excess of cumulative equity in earnings | - | - | 2,049 | 2,649 |
| (purchases), sales and settlement of securities and investments, net | -181 | -2,575 | 902 | - |
| Other net | 955 | 425 | 84 | -79 |
| Net cash used in investing activities from continuing operations | - | -17,490 | -19,660 | -26,899 |
| Net cash used in investing activities | -18,777 | - | - | - |
| Net change in short-term borrowings with original maturities of three months or less | 0 | 0 | -914 | -519 |
| Issuance of other short-term borrowings | 0 | 491 | 5,406 | 3,955 |
| Repayment of other short-term borrowings | 0 | 2,487 | 3,415 | 18,345 |
| Proceeds from issuance of long-term debt | 14,027 | 19 | 10,004 | 2,979 |
| Repayment of long-term debt | 5,528 | 10,297 | 12,044 | 25,118 |
| Note payable to directv, net of payments | 0 | 0 | -130 | -1,211 |
| Payment of vendor financing | 1,181 | 1,792 | 5,742 | 4,697 |
| Issuance of preferred stock | - | - | - | 0 |
| Redemption of preferred stock | -2,075 | - | - | - |
| Purchase of treasury stock | 4,500 | 215 | 194 | 890 |
| Issuance of treasury stock | 21 | 15 | 3 | 28 |
| Issuance of preferred interests in subsidiary | 2,221 | 0 | 7,151 | 0 |
| Redemption of preferred interests in subsidiary | 65 | 0 | 5,333 | 2,665 |
| Dividends paid | 8,180 | 8,208 | 8,136 | 9,859 |
| Other net | -1,126 | -2,234 | -2,270 | -3,222 |
| Net cash used in financing activities from continuing operations | - | -24,708 | -15,614 | -59,564 |
| Net increase (decrease) in cash and cash equivalents and restricted cash from continuing operations | - | -3,427 | 3,040 | -50,651 |
| Cash used in operating activities | - | 0 | 0 | -3,789 |
| Cash provided by investing activities | - | 0 | 0 | 1,094 |
| Cash provided by financing activities | - | 0 | 0 | 35,823 |
| Net increase in cash and cash equivalents and restricted cash from discontinued operations | - | 0 | 0 | 33,128 |
| Net cash used in financing activities | -6,386 | - | - | - |
| Net increase (decrease) in cash and cash equivalents and restricted cash | 15,121 | -3,427 | 3,040 | -17,523 |
| Cash and cash equivalents at beginning of period | 3,406 | 6,833 | 3,793 | 21,316 |
| Cash and cash equivalents at end of period | 18,527 | 3,406 | 6,833 | 3,793 |
AT&T INC. (T-PA)
AT&T INC. (T-PA)