T FY 2006 Earnings Report — AT&T Inc. Revenue & Financial Results | Market Cap Arena

FY 2006 Earnings

Reported February 26, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$63.1B	—	—	—	—
Op. Income	$11.1B	—	—	—	—
Gross Margin	40.9%	—	—	—	—
Net Margin	11.7%	—	—	—	—
EPS (Diluted)	$1.89	—	—	—	—
Free Cash Flow	$7.3B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$63.1B
Cost of Revenue	$37.3B
GROSS PROFIT	$25.8B
R&D Expenses	$223M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.5B
Other Expenses	$0
Operating Expenses	$14.7B
Cost & Expenses	$52.0B
OPERATING INCOME	$11.1B
Interest Income	$377M
Interest Expense	$1.8B
Other Income/Expenses	-$181M
INCOME BEFORE TAX	$10.9B
Income Tax Expense	$3.5B
Net Income from Continuing Ops	$7.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.4B
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$7.4B
D&A	$9.9B
EBIT	$12.7B
EBITDA	$22.6B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$63.1B
Cost of Revenue	$37.3B
GROSS PROFIT	$25.8B
R&D Expenses	$223M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$14.5B
Other Expenses	$0
Operating Expenses	$14.7B
Cost & Expenses	$52.0B
OPERATING INCOME	$11.1B
Interest Income	$377M
Interest Expense	$1.8B
Other Income/Expenses	-$181M
INCOME BEFORE TAX	$10.9B
Income Tax Expense	$3.5B
Net Income from Continuing Ops	$7.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7.4B
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$7.4B
D&A	$9.9B
EBIT	$12.7B
EBITDA	$22.6B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$7.4B
Depreciation & Amortization	$9.9B
Stock-Based Compensation	$0
Deferred Income Tax	-$87M
Other Non-Cash Items	-$1.4B
Change in Working Capital	-$163M
OPERATING CASH FLOW	$15.6B
Capital Expenditure	-$8.3B
Acquisitions (Net)	$20M
Purchases of Investments	$0
Sales/Maturities of Investments	$3M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$8.3B
Net Debt Issuance	$896M
Common Stock Repurchased	-$2.7B
Common Dividends Paid	-$5.2B
Other Financing Activities	$218M
NET CASH FROM FINANCING	-$6.1B
FREE CASH FLOW	$7.3B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$0
Net Receivables	$16.2B
Inventory	$0
Other Current Assets	$5.5B
TOTAL CURRENT ASSETS	$25.6B
PP&E (Net)	$94.6B
Goodwill	$67.7B
Intangible Assets	$59.7B
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$21.1B
TOTAL NON-CURRENT ASSETS	$245.1B
TOTAL ASSETS	$270.6B
Account Payables	$6.9B
Short-Term Debt	$9.7B
Deferred Revenue	$5.1B
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$40.5B
Long-Term Debt	$50.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27.6B
Other Non-Current Liabilities	$37.0B
TOTAL NON-CURRENT LIABILITIES	$114.6B
TOTAL LIABILITIES	$155.1B
Common Stock	$6.5B
Additional Paid-In Capital	$91.4B
Retained Earnings	$30.4B
Treasury Stock	-$7.4B
Accum. Other Comp. Income	-$5.3B
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$115.5B
Minority Interest	$0
TOTAL EQUITY	$115.5B
TOTAL LIABILITIES & EQUITY	$270.6B
Total Debt	$59.8B
Net Debt	$57.4B