BRIEF: For the three months ended 31 March 2013, AT&T Inc. revenues decreased 1% to $31.36B. Net income increased 3% to $3.7B. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Other Income (Expense) - Net) increase from $6M (expense) to $32M (income), Interest expense decrease of 4% to $827M (expense), Depreciation and amortization decrease of 1% to $4.53B (expense).
Common Stock $1 Par, 3/11, 14B auth., 6,495,231,088 issd, less 576,965,462 shs. in Treas. @ $20.95B. Insiders own 0.04%. 11/05, Co. acquired AT&T Corp. @0.77942 shares(632,192,573 shares issued) & Name changed from SBC Commun. Inc. 01/07, Co. merged with BellSouth Corporation @1.325 shares (2,414,150,000 shrs. issd.).
AT&T Inc. (AT&T) is a holding company. AT&T is a provider of telecommunications services in the United States and worldwide. Services offered include wireless communications, local exchange services and long-distance services. AT&T operates in four segments: Wireless, Wireline, Advertising Solutions and Other. Its Wireless subsidiaries provide both wireless voice and data communications services across the United States, and through roaming agreements, in a substantial number of foreign countries. Wireline subsidiaries provide primarily landline voice and data communication services, AT&T U-verse TV, high-speed broadband and voice services (U-verse) and managed networking to business customers. AT&T’s Other segment includes customer information services (operator services) and corporate and other operations. On May 8, 2012, AT&T sold its Advertising Solutions segment.