# EDGAR Filing Document

**Accession Number:** 0000732717
**File Stem:** 0000732717-23-000013
**Filing Date:** 2023-3
**Character Count:** 23072
**Document Hash:** c7816787a161df9ea02b5bec4ddf72a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000732717-23-000013.hdr.sgml**: 20230303

**ACCESSION NUMBER**: 0000732717-23-000013

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 15

**CONFORMED PERIOD OF REPORT**: 20230303

**ITEM INFORMATION**: Regulation FD Disclosure

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20230303

**DATE AS OF CHANGE**: 20230303

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** AT&T INC.
- **CENTRAL INDEX KEY:** 0000732717
- **STANDARD INDUSTRIAL CLASSIFICATION:** TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
- **IRS NUMBER:** 431301883
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-08610
- **FILM NUMBER:** 23703697

**BUSINESS ADDRESS:**
- **STREET 1:** 208 S. AKARD ST
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75202
- **BUSINESS PHONE:** 2108214105

**MAIL ADDRESS:**
- **STREET 1:** 208 S. AKARD ST
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SBC COMMUNICATIONS INC
- **DATE OF NAME CHANGE:** 19950501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOUTHWESTERN BELL CORP
- **DATE OF NAME CHANGE:** 19920703

?xml version="1.0" ? t-20230303

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**______________________________________________________**

**FORM 8-K** 

**______________________________________________________**

**CURRENT REPORT**

**Pursuant to Section 13 or 15(d)**

**of the Securities Exchange Act of 1934**

**Date of report (Date of earliest event reported) March 3, 2023**

**______________________________________________________**

**AT&T INC.**

**(Exact Name of Registrant as Specified in Charter)**

**______________________________________________________**

---

| | | |
|:---|:---|:---|
| **Delaware** | **001-08610** | **43-1301883** |
| **(State or Other Jurisdiction<br>of Incorporation)** | **(Commission<br>File Number)** | **(IRS Employer<br>Identification No.)** |
| **208 S. Akard St., Dallas, Texas**<br>**(Address of Principal Executive Offices)** | **208 S. Akard St., Dallas, Texas**<br>**(Address of Principal Executive Offices)** | **75202**<br>**(Zip Code)** |
| **208 S. Akard St., Dallas, Texas**<br>**(Address of Principal Executive Offices)** | **208 S. Akard St., Dallas, Texas**<br>**(Address of Principal Executive Offices)** | **75202**<br>**(Zip Code)** |

---

**Registrant's telephone number, including area code (210) 821-4105**

**(Former Name or Former Address, if Changed Since Last Report)**

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

**Securities Registered Pursuant to Section 12(b) of the Act**

---

| | | |
|:---|:---|:---|
| **Title of each class** | **Trading<br>Symbol(s)** | **Name of each exchange<br>on which registered** |
| Common Shares (Par Value $1.00 Per Share) | T | New York Stock Exchange |
| Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A | T PRA | New York Stock Exchange |
| Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C | T PRC | New York Stock Exchange |
| AT&T Inc. 2.500% Global Notes due March 15, 2023 | T 23 | New York Stock Exchange |
| AT&T Inc. 2.750% Global Notes due May 19, 2023 | T 23C | New York Stock Exchange |
| AT&T Inc. Floating Rate Global Notes due September 5, 2023 | T 23D | New York Stock Exchange |
| AT&T Inc. 1.050% Global Notes due September 5, 2023 | T 23E | New York Stock Exchange |
| AT&T Inc. 1.300% Global Notes due September 5, 2023 | T 23A | New York Stock Exchange |

---

------

---

| | | |
|:---|:---|:---|
| **Title of each class** | <br>**Trading**<br>**Symbol(s)** | <br>**Name of each exchange**<br>**on which registered** |
| AT&T Inc. 1.950% Global Notes due September 15, 2023 | T 23F | New York Stock Exchange |
| AT&T Inc. 2.400% Global Notes due March 15, 2024 | T 24A | New York Stock Exchange |
| AT&T Inc. 3.500% Global Notes due December 17, 2025 | T 25 | New York Stock Exchange |
| AT&T Inc. 0.250% Global Notes due March 4, 2026 | T 26E | New York Stock Exchange |
| AT&T Inc. 1.800% Global Notes due September 5, 2026 | T 26D | New York Stock Exchange |
| AT&T Inc. 2.900% Global Notes due December 4, 2026 | T 26A | New York Stock Exchange |
| AT&T Inc. 1.600% Global Notes due May 19, 2028 | T 28C | New York Stock Exchange |
| AT&T Inc. 2.350% Global Notes due September 5, 2029 | T 29D | New York Stock Exchange |
| AT&T Inc. 4.375% Global Notes due September 14, 2029 | T 29B | New York Stock Exchange |
| AT&T Inc. 2.600% Global Notes due December 17, 2029 | T 29A | New York Stock Exchange |
| AT&T Inc. 0.800% Global Notes due March 4, 2030 | T 30B | New York Stock Exchange |
| AT&T Inc. 2.050% Global Notes due May 19, 2032 | T 32A | New York Stock Exchange |
| AT&T Inc. 3.550% Global Notes due December 17, 2032 | T 32 | New York Stock Exchange |
| AT&T Inc. 5.200% Global Notes due November 18, 2033 | T 33 | New York Stock Exchange |
| AT&T Inc. 3.375% Global Notes due March 15, 2034 | T 34 | New York Stock Exchange |
| AT&T Inc. 2.450% Global Notes due March 15, 2035 | T 35 | New York Stock Exchange |
| AT&T Inc. 3.150% Global Notes due September 4, 2036 | T 36A | New York Stock Exchange |
| AT&T Inc. 2.600% Global Notes due May 19, 2038 | T 38C | New York Stock Exchange |
| AT&T Inc. 1.800% Global Notes due September 14, 2039 | T 39B | New York Stock Exchange |
| AT&T Inc. 7.000% Global Notes due April 30, 2040 | T 40 | New York Stock Exchange |
| AT&T Inc. 4.250% Global Notes due June 1, 2043 | T 43 | New York Stock Exchange |
| AT&T Inc. 4.875% Global Notes due June 1, 2044 | T 44 | New York Stock Exchange |
| AT&T Inc. 4.000% Global Notes due June 1, 2049 | T 49A | New York Stock Exchange |
| AT&T Inc. 4.250% Global Notes due March 1, 2050 | T 50 | New York Stock Exchange |
| AT&T Inc. 3.750% Global Notes due September 1, 2050 | T 50A | New York Stock Exchange |
| AT&T Inc. 5.350% Global Notes due November 1, 2066 | TBB | New York Stock Exchange |
| AT&T Inc. 5.625% Global Notes due August 1, 2067 | TBC | New York Stock Exchange |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

------

**Item 7.01 Regulation FD Disclosure.**

Throughout this document, AT&T Inc. is referred to as "we" or "AT&T." AT&T is a holding company whose subsidiaries and affiliates operate worldwide in the telecommunications and technology industries.

Effective for the quarter ended March 31, 2023, we intend to modify our segment reporting and no longer record prior service credit to our individual business units or the corresponding charge to Corporate and Other. Prior service credits are, and will continue to be, recorded as other income in our consolidated income statement in accordance with U.S. generally accepted accounting principles.

As a convenience to investors, we are providing quarterly segment and business unit income statement information that has been recast to remove prior service credits from our historical reporting. This recast decreases our full-year Communications segment operating income and EBITDA (defined as operating income excluding depreciation and amortization) by approximately $2.4 billion in 2022 ($0.7 billion Mobility, $1.0 billion Business Wireline and $0.7 billion Consumer Wireline) and $2.1 billion in 2021 ($0.7 billion Mobility, $0.9 billion Business Wireline and $0.5 billion Consumer Wireline), with increases to Corporate and Other for a corresponding amount for each year. There is no impact to consolidated operating income and EBITDA.

For Corporate and Other, prior service credits related to parent administration support ($0.2 billion in both 2022 and 2021) and our former U.S. video business ($0.1 billion in 2022 and $0.2 billion in 2021), which we included in our DTV-related retained costs, have also been recast to reflect this change, with an offsetting impact in the elimination of our reclassification.

The information in this Item 7.01, including the exhibit attached hereto, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, nor shall it be deemed incorporated by reference in any filing by AT&T under the Securities Act of 1933 or the Securities Exchange Act of 1934, except as shall be expressly set forth by specific reference in such filing.

**CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS**

Information set forth in this filing contains financial estimates and other forward-looking statements that are subject to risks and uncertainties. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this filing based on new information or otherwise.

**Item 9.01 Financial Statements and Exhibits.**

The following exhibits are furnished as part of this report:

---

| | | |
|:---|:---|:---|
| (d) | Exhibits | Exhibits |
| | 99.1 | <u>[Supplemental Quarterly Segment Financial Information](ex991supplementalquarterly.htm)</u> |
| | 99.2 | <u>[Supplemental Segment Reconciliations for the years ended December 31, 2022 and 2021](ex992supplementalsegmentre.htm)</u> |
| | 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |

---

------

**Signature**

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | |
|:---|:---|
| | AT&T INC. |
| Date: March 3, 2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By: /<u>s/ Debra L. Dial</u> <u>.</u><br>&nbsp;&nbsp;&nbsp;&nbsp; Debra L. Dial<br>Senior Vice President - Chief Accounting Officer <br>&nbsp;&nbsp;&nbsp;&nbsp;and Controller |

---

## Exhibit 99.1

Exhibit 99.1

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** | **AT&T Inc.** |
| **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** | **Supplemental Quarterly Segment Financial Information** |
| Dollars in millions |  |  |  |  |  |  |  |  |
| Unaudited |  |  |  |  |  |  |  |  |
| **Communications Segment** | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 3/31/22 | 6/30/22 | 9/30/22 | 12/31/22 |
| **Operating Revenues** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mobility | $19034 | $18936 | $19138 | $21146 | $20075 | $19926 | $20278 | $21501 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Wireline | 6046 | 6052 | 5938 | 5901 | 5640 | 5595 | 5668 | 5635 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Wireline | 3098 | 3140 | 3142 | 3159 | 3161 | 3174 | 3185 | 3229 |
| **Total Operating Revenues** | 28178 | 28128 | 28218 | 30206 | 28876 | 28695 | 29131 | 30365 |
| Operating Expenses |  |  |  |  |  |  |  |  |
| Operations and support | 17218 | 17186 | 17460 | 20164 | 18265 | 17897 | 17958 | 19530 |
| Depreciation and amortization | 4054 | 4085 | 4114 | 4156 | 4124 | 4115 | 4184 | 4258 |
| &nbsp;&nbsp;&nbsp;**Total Operating Expenses** | 21272 | 21271 | 21574 | 24320 | 22389 | 22012 | 22142 | 23788 |
| **Operating Income** | $6906 | $6857 | $6644 | $5886 | $6487 | $6683 | $6989 | $6577 |
| **Operating Income Margin** | 24.5% | 24.4% | 23.5% | 19.5% | 22.5% | 23.3% | 24.0% | 21.7% |
| **EBITDA**<sup>1</sup> | $10960 | $10942 | $10758 | $10042 | $10611 | $10798 | $11173 | $10835 |
| **EBITDA Margin**<sup>1</sup> | 38.9% | 38.9% | 38.1% | 33.2% | 36.7% | 37.6% | 38.4% | 35.7% |

---

------

Exhibit 99.1

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Mobility** | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 3/31/22 | 6/30/22 | 9/30/22 | 12/31/22 |
| **Operating Revenues** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Service | $14048 | $14346 | $14527 | $14669 | $14724 | $15004 | $15337 | $15434 |
| &nbsp;&nbsp;Equipment | 4986 | 4590 | 4611 | 6477 | 5351 | 4922 | 4941 | 6067 |
| **Total Operating Revenues** | 19034 | 18936 | 19138 | 21146 | 20075 | 19926 | 20278 | 21501 |
| **Operating Expenses** |  |  |  |  |  |  |  |  |
| Operations and support | 11148 | 11079 | 11288 | 13938 | 12327 | 11861 | 12010 | 13572 |
| Depreciation and amortization | 2014 | 2023 | 2035 | 2050 | 2059 | 2017 | 2042 | 2080 |
| &nbsp;&nbsp;**Total Operating Expenses** | 13162 | 13102 | 13323 | 15988 | 14386 | 13878 | 14052 | 15652 |
| **Operating Income** | $5872 | $5834 | $5815 | $5158 | $5689 | $6048 | $6226 | $5849 |
| **Operating Income Margin** | 30.9% | 30.8% | 30.4% | 24.4% | 28.3% | 30.4% | 30.7% | 27.2% |
| **EBITDA**<sup>1</sup> | $7886 | $7857 | $7850 | $7208 | $7748 | $8065 | $8268 | $7929 |
| **EBITDA Margin**<sup>1</sup> | 41.4% | 41.5% | 41.0% | 34.1% | 38.6% | 40.5% | 40.8% | 36.9% |
| **EBITDA Service Margin**<sup>1</sup> | 56.1% | 54.8% | 54.0% | 49.1% | 52.6% | 53.8% | 53.9% | 51.4% |
| **Business Wireline** | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 3/31/22 | 6/30/22 | 9/30/22 | 12/31/22 |
| **Operating Revenues** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Service | $5872 | $5860 | $5765 | $5727 | $5478 | $5416 | $5524 | $5473 |
| &nbsp;&nbsp;Equipment | 174 | 192 | 173 | 174 | 162 | 179 | 144 | 162 |
| **Total Operating Revenues** | 6046 | 6052 | 5938 | 5901 | 5640 | 5595 | 5668 | 5635 |
| **Operating Expenses** |  |  |  |  |  |  |  |  |
| Operations and support | 3923 | 3924 | 3866 | 3940 | 3702 | 3792 | 3705 | 3735 |
| Depreciation and amortization | 1278 | 1293 | 1304 | 1317 | 1299 | 1313 | 1342 | 1360 |
| &nbsp;&nbsp;**Total Operating Expenses** | 5201 | 5217 | 5170 | 5257 | 5001 | 5105 | 5047 | 5095 |
| **Operating Income** | $845 | $835 | $768 | $644 | $639 | $490 | $621 | $540 |
| **Operating Income Margin** | 14.0% | 13.8% | 12.9% | 10.9% | 11.3% | 8.8% | 11.0% | 9.6% |
| **EBITDA**<sup>1</sup> | $2123 | $2128 | $2072 | $1961 | $1938 | $1803 | $1963 | $1900 |
| **EBITDA Margin**<sup>1</sup> | 35.1% | 35.2% | 34.9% | 33.2% | 34.4% | 32.2% | 34.6% | 33.7% |

---

------

Exhibit 99.1

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consumer Wireline** | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 3/31/22 | 6/30/22 | 9/30/22 | 12/31/22 |
| **Operating Revenues** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Broadband | $2205 | $2266 | $2290 | $2324 | $2355 | $2393 | $2429 | $2492 |
| &nbsp;&nbsp;Legacy Voice and Data Services | 519 | 504 | 484 | 470 | 460 | 445 | 427 | 414 |
| &nbsp;&nbsp;Other Service and Equipment | 374 | 370 | 368 | 365 | 346 | 336 | 329 | 323 |
| **Total Operating Revenues** | 3098 | 3140 | 3142 | 3159 | 3161 | 3174 | 3185 | 3229 |
| **Operating Expenses** |  |  |  |  |  |  |  |  |
| Operations and support | 2147 | 2183 | 2306 | 2286 | 2236 | 2244 | 2243 | 2223 |
| Depreciation and amortization | 762 | 769 | 775 | 789 | 766 | 785 | 800 | 818 |
| &nbsp;&nbsp;**Total Operating Expenses** | 2909 | 2952 | 3081 | 3075 | 3002 | 3029 | 3043 | 3041 |
| **Operating Income** | $189 | $188 | $61 | $84 | $159 | $145 | $142 | $188 |
| **Operating Income Margin** | 6.1% | 6.0% | 1.9% | 2.7% | 5.0% | 4.6% | 4.5% | 5.8% |
| **EBITDA**<sup>1</sup> | $951 | $957 | $836 | $873 | $925 | $930 | $942 | $1006 |
| **EBITDA Margin**<sup>1</sup> | 30.7% | 30.5% | 26.6% | 27.6% | 29.3% | 29.3% | 29.6% | 31.2% |

---

------

Exhibit 99.1

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Latin America Segment - Mexico** | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 3/31/22 | 6/30/22 | 9/30/22 | 12/31/22 |
| **Operating Revenues** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Wireless service | $439 | $447 | $463 | $485 | $490 | $534 | $559 | $579 |
| &nbsp;&nbsp;Wireless equipment | 192 | 241 | 261 | 219 | 200 | 274 | 226 | 282 |
| **Total Operating Revenues** | 631 | 688 | 724 | 704 | 690 | 808 | 785 | 861 |
| **Operating Expenses** |  |  |  |  |  |  |  |  |
| Operations and support | 620 | 667 | 697 | 668 | 631 | 721 | 684 | 776 |
| Depreciation and amortization | 145 | 150 | 157 | 153 | 161 | 169 | 164 | 164 |
| &nbsp;&nbsp;**Total Operating Expenses** | 765 | 817 | 854 | 821 | 792 | 890 | 848 | 940 |
| **Operating Income (Loss)** | $(134) | $(129) | $(130) | $(117) | $(102) | $(82) | $(63) | $(79) |
| **Operating Income Margin** | -21.2% | -18.8% | -18.0% | -16.6% | -14.8% | -10.1% | -8.0% | -9.2% |
| **EBITDA**<sup>1</sup> | $11 | $21 | $27 | $36 | $59 | $87 | $101 | $85 |
| **EBITDA Margin**<sup>1</sup> | 1.7% | 3.1% | 3.7% | 5.1% | 8.6% | 10.8% | 12.9% | 9.9% |
| **Corporate** | 3/31/21 | 6/30/21 | 9/30/21 | 12/31/21 | 3/31/22 | 6/30/22 | 9/30/22 | 12/31/22 |
| **Total Operating Revenues** | $174 | $184 | $188 | $185 | $146 | $140 | $127 | $117 |
| **Operating Expenses** |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;Operations and support | 501 | 543 | 587 | 778 | 626 | 695 | 687 | 806 |
| &nbsp;&nbsp;&nbsp;&nbsp;*DTV-related retained costs* | *—* | *—* | *136* | *277* | *160* | *239* | *235* | *244* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Parent administration support* | *417* | *460* | *404* | *418* | *347* | *341* | *317* | *373* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Securitization fees* | *40* | *12* | *1* | *36* | *82* | *78* | *103* | *156* |
| &nbsp;&nbsp;&nbsp;&nbsp;*Value portfolio* | *44* | *71* | *46* | *47* | *37* | *37* | *32* | *33* |
| Depreciation and amortization | 17 | 18 | 114 | 163 | 150 | 149 | 150 | 157 |
| &nbsp;&nbsp;**Total Operating Expenses** | 518 | 561 | 701 | 941 | 776 | 844 | 837 | 963 |
| **Operating Income (Loss)** | (344) | (377) | (513) | (756) | (630) | (704) | (710) | (846) |

---

<sup>1</sup> EBITDA is operating income before depreciation and amortization. It excludes depreciation and amortization, interest expense, other income (expense) - net and income taxes from net income. EBITDA margin is calculated as EBITDA divided by total revenue and EBITDA service margin is calculated as EBITDA divided by service revenues.

## Exhibit 99.2

Exhibit 99.2

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **AT&T Inc.** |  |  |  |  | ` |  |
| **Supplemental Segment Reconciliations** | **Supplemental Segment Reconciliations** |  |  |  |  |  |
| Dollars in millions |  |  |  |  |  |  |
| Unaudited |  |  |  |  |  |  |
| For the year ended December 31, 2022 |  |  |  |  |  |  |
|  | Revenues | Operations and Support Expenses | EBITDA | Depreciation and Amortization |  | Operating Income (Loss) |
| **Communications** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mobility | $81780 | $49770 | $32010 | $8198 |  | $23812 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Wireline | 22538 | 14934 | 7604 | 5314 |  | 2290 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Wireline | 12749 | 8946 | 3803 | 3169 |  | 634 |
| Total Communications | 117067 | 73650 | 43417 | 16681 |  | 26736 |
| **Latin America - Mexico** | 3144 | 2812 | 332 | 658 |  | (326) |
| Segment Total | 120211 | 76462 | 43749 | 17339 |  | 26410 |
| Corporate and Other |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTV-related retained costs | 8 | 878 | (870) | 549 |  | (1419) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent administration support | (32) | 1378 | (1410) | 16 |  | (1426) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securitization fees | 65 | 419 | (354) |  |  | (354) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value portfolio | 489 | 139 | 350 | 41 |  | 309 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Corporate | 530 | 2814 | (2284) | 606 |  | (2890) |
| &nbsp;&nbsp;&nbsp;&nbsp;Certain significant items |  | 28031 | (28031) | 76 |  | (28107) |
| Total Corporate and Other | 530 | 30845 | (30315) | 682 |  | (30997) |
| AT&T Inc. | $120741 | $107307 | $13434 | $18021 |  | $(4587) |
| For the year ended December 31, 2021 |  |  |  |  |  |  |
|  | Revenues | Operations and Support Expenses | EBITDA | Depreciation and Amortization |  | Operating Income (Loss) |
| **Communications** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Mobility | $78254 | $47453 | $30801 | $8122 |  | $22679 |
| &nbsp;&nbsp;&nbsp;&nbsp;Business Wireline | 23937 | 15653 | 8284 | 5192 |  | 3092 |
| &nbsp;&nbsp;&nbsp;&nbsp;Consumer Wireline | 12539 | 8922 | 3617 | 3095 |  | 522 |
| Total Communications | 114730 | 72028 | 42702 | 16409 |  | 26293 |
| **Latin America - Mexico** | 2747 | 2652 | 95 | 605 |  | (510) |
| Segment Total | 117477 | 74680 | 42797 | 17014 |  | 25783 |
| Corporate and Other |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate: |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DTV-related retained costs | 49 | 413 | (364) | 236 |  | (600) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Parent administration support | (18) | 1699 | (1717) | 36 |  | (1753) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Securitization fees | 61 | 89 | (28) |  |  | (28) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Value portfolio | 639 | 208 | 431 | 40 |  | 391 |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Corporate | 731 | 2409 | (1678) | 312 |  | (1990) |
| &nbsp;&nbsp;&nbsp;&nbsp;Video | 15513 | 12900 | 2613 | 356 |  | 2257 |
| &nbsp;&nbsp;&nbsp;&nbsp;Held-for-sale and other reclassifications | 453 | 310 | 143 |  |  | 143 |
| &nbsp;&nbsp;&nbsp;&nbsp;Certain significant items |  | 126 | (126) | 170 |  | (296) |
| &nbsp;&nbsp;&nbsp;&nbsp;Eliminations and consolidations | (136) | (136) |  |  |  |  |
| Total Corporate and Other | 16561 | 15609 | 952 | 838 |  | 114 |
| AT&T Inc. | $134038 | $90289 | $43749 | $17852 |  | $25897 |

---

<br>