AT&T Inc. (T): history, ownership, mission, how it works & makes money

AT&T Inc. (T): history, ownership, mission, how it works & makes money

US | Communication Services | Telecommunications Services | NYSE

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AT&T Inc. (T) Information


A Brief History of AT&T Inc. (T)

Company Overview

AT&T Inc. (NYSE: T) as of 2024 is a multinational telecommunications company headquartered in Dallas, Texas.

Financial Metric 2023 Data
Market Capitalization $120.5 billion
Annual Revenue $120.7 billion
Net Income $9.6 billion
Total Employees 133,700

Business Segments

  • Communications
  • WarnerMedia
  • Mobility

Key Financial Performance

AT&T reported Q4 2023 earnings of $0.38 per share, with total operating revenues of $30.2 billion.

Segment 2023 Revenue
Consumer Mobility $44.3 billion
Business Mobility $22.1 billion
Consumer Fiber $8.9 billion

Stock Performance

AT&T stock (T) traded at $17.45 as of January 2024, with a dividend yield of 6.2%.

Network Infrastructure

  • 5G Coverage in 285 markets
  • Fiber Internet available in 21 states
  • Wireless subscribers: 221.6 million


Who Owns AT&T Inc. (T)

Major Institutional Shareholders

Vanguard Group Inc. 8.99%
BlackRock Inc. 7.25%
State Street Corporation 4.82%
Dodge & Cox 3.56%

Top Individual Shareholders

  • John T. Stankey (CEO): 0.05%
  • Richard W. Lindner (Board Member): 0.02%

Ownership Distribution

Institutional investors hold 80.42% of AT&T shares

Public Float

Total public float: 7.05 billion shares

Largest Mutual Fund Holders

Vanguard Total Stock Market Index Fund 1.23%
Vanguard 500 Index Fund 0.87%
SPDR S&P 500 ETF Trust 0.62%


AT&T Inc. (T) Mission Statement

Corporate Overview

AT&T Inc. is a multinational telecommunications company headquartered in Dallas, Texas. As of Q4 2023, the company reported total revenue of $120.7 billion.

Mission Statement Components

Key Focus Area Specific Details
Connectivity Provide advanced wireless and fiber network services
Technology Infrastructure 5G and fiber network deployment
Market Reach 200+ million mobile subscribers

Strategic Objectives

  • Expand 5G network coverage to 285 million people
  • Invest $24 billion in network infrastructure through 2025
  • Enhance digital service capabilities

Financial Performance Metrics

Metric 2023 Value
Total Revenue $120.7 billion
Net Income $13.4 billion
Operating Cash Flow $42.3 billion

Network Infrastructure

AT&T operates a nationwide 5G network covering approximately 285 million people across the United States.

Service Portfolio

  • Wireless communications
  • Fiber internet services
  • Business solutions
  • Entertainment platforms


How AT&T Inc. (T) Works

Business Segments

AT&T operates through three primary business segments:

  • Communications
  • Warner Bros. Discovery
  • Latin America

Financial Performance

Financial Metric 2023 Value
Total Revenue $120.7 billion
Net Income $9.1 billion
Operating Cash Flow $36.5 billion
Capital Expenditures $22.1 billion

Wireless Operations

AT&T wireless subscriber base as of Q4 2023: 203.3 million total wireless subscribers.

Network Infrastructure

  • 5G coverage in over 285 metropolitan areas
  • Fiber internet services in 5.4 million customer locations
  • Nationwide fiber network spanning approximately 1 million route miles

Strategic Investments

Investment Area 2023 Investment
5G Network Development $8.5 billion
Fiber Expansion $4.2 billion

Employee Information

Total employees: 133,272 as of December 31, 2023.

Market Position

Market capitalization: $106.8 billion (as of January 2024)

Dividend Information

Annual dividend: $1.11 per share

Dividend yield: 6.4%



How AT&T Inc. (T) Makes Money

Business Segments Revenue Breakdown

Business Segment 2023 Revenue Percentage of Total Revenue
Consumer Mobility $55.3 billion 37.8%
Business Mobility $22.7 billion 15.5%
Communications $78.0 billion 53.3%
Warner Bros. Discovery $40.4 billion 27.6%

Revenue Streams

  • Mobile Wireless Services: $68.2 billion
  • Fiber Internet Services: $15.6 billion
  • Video Entertainment: $12.4 billion
  • Business Network Services: $22.7 billion

Wireless Service Pricing

Average Revenue Per User (ARPU): $53.76 per month

Wireless Subscriber Base

Total Wireless Subscribers: 203.4 million

Fiber Internet Subscribers

Total Fiber Internet Customers: 7.6 million

Financial Performance

Financial Metric 2023 Amount
Total Revenue $146.2 billion
Net Income $8.6 billion
Operating Cash Flow $37.9 billion

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