AT&T(T) - 2025 Q4 - Annual Results

Financial Performance - Total operating revenues for Q4 2025 reached $33,466 million, a 3.6% increase from Q4 2024's $32,298 million[1] - Net income attributable to AT&T for Q4 2025 was $3,788 million, down 7.2% from $4,080 million in Q4 2024[1] - Operating income for the year ended 2025 was $24,162 million, a significant increase of 26.8% compared to $19,049 million in 2024[1] - Total operating revenues for the year ended 2025 reached $4,379 million, a 3.5% increase from $4,232 million in 2024[16] - Total operating income for AT&T Inc. in 2025 was $24,162 million, compared to $19,049 million in 2024[18] Cash and Assets - Cash and cash equivalents increased to $18,234 million by the end of 2025, up from $3,298 million at the end of 2024[2] - Total assets grew to $420,198 million in 2025, compared to $394,795 million in 2024, reflecting a 6.4% increase[2] Capital Expenditures and Debt - Total capital expenditures for the year ended 2025 were $20,842 million, a 2.9% increase from $20,263 million in 2024[5] - The debt ratio increased to 51.4% in 2025, up from 50.7% in 2024, indicating a rise in leverage[5] Employment and Workforce - The total number of employees decreased to 133,030 in 2025, down 5.6% from 140,990 in 2024[5] Operating Activities - The company reported a net cash provided by operating activities of $40,284 million for the year ended 2025, compared to $38,771 million in 2024[4] Segment Performance - Mobility segment operating revenues increased by 5.3% to $24,354 million in Q4 2025, compared to $23,129 million in Q4 2024[7] - Total segment operating revenues for the year ended 2025 reached $120,896 million, a 2.8% increase from $117,652 million in 2024[7] - Operating income for the Mobility segment rose by 4.5% to $6,400 million in Q4 2025, up from $6,124 million in Q4 2024[9] - Business Wireline segment operating revenues decreased by 7.5% to $4,202 million in Q4 2025, compared to $4,545 million in Q4 2024[12] - Consumer Wireline segment operating revenues increased by 2.9% to $3,565 million in Q4 2025, compared to $3,465 million in Q4 2024[14] - Total operating income for the Consumer Wireline segment surged by 94.9% to $538 million in Q4 2025, compared to $276 million in Q4 2024[14] - Mobility segment revenues for the year reached $89,482 million, with an operating income of $27,196 million[18] - Corporate and Other segment reported an operating loss of $2,559 million for the year ended 2025[18] Subscriber Metrics - Mobility total subscribers reached 120,105 thousand, a 1.9% increase from 117,851 thousand in 2024[9] - Postpaid churn rate increased to 1.12% in Q4 2025 from 1.00% in Q4 2024[9] - Fiber broadband connections grew by 11.5% to 10,406 thousand in 2025, compared to 9,331 thousand in 2024[14] - Broadband net additions for the Consumer Wireline segment increased by 70.7% to 210 thousand in Q4 2025, compared to 123 thousand in Q4 2024[14] - Total Mexico wireless subscribers grew by 4.7% to 24,680 thousand as of December 31, 2025, up from 23,576 thousand in 2024[16] - Postpaid subscribers in Mexico increased by 15.7% to 6,751 thousand, while prepaid subscribers rose by 1.4% to 17,730 thousand[16] - The company reported a significant increase in net additions for postpaid subscribers, with 914 thousand added in 2025, a 52.1% increase from 601 thousand in 2024[16] Operating Expenses - Operating expenses for the year ended 2025 totaled $4,234 million, a slight increase of 1.0% from $4,192 million in 2024[16] Dividends - The company declared dividends of $0.2775 per common share, consistent with the previous year[5]