AT&T Cash Flow Statement
NYSE: TTelecommunicationsTelecommunications EquipmentUSD
At close: Oct 9, 4:02 PM ET · Delayed 15 min
AT&T free cash flow
In fiscal 2025, AT&T generated $40.28 billion of operating cash flow and spent $20.84 billion on capital expenditures. That left free cash flow of $19.44 billion, a free-cash-flow margin of 15.5% of revenue. Free cash flow was up 5.0% from the prior year's $18.51 billion.
AT&T returned $12.68 billion to shareholders: $8.18 billion in dividends and $4.50 billion in share repurchases, equal to 65% of free cash flow. Free cash flow covered dividend payments 2.4 times.
Summary generated from market data by MetaCap's automated system. Methodology
AT&T cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20152016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 23.39B | 12.25B | 15.62B | -7.05B | 21.48B | -3.82B | 14.97B | 19.95B | 29.85B | 13.33B |
| Net Income growth (YoY) | +90.86% | -21.57% | — | -132.85% | — | -125.52% | -24.95% | -33.15% | +123.86% | -2.59% |
| Depreciation & Amortization | 20.89B | 20.58B | 18.78B | 18.02B | 17.85B | 22.52B | 28.22B | 28.43B | 24.39B | 25.85B |
| Stock-Based Compensation | 536.00M | 505.00M | 479.00M | 518.00M | 447.00M | 422.00M | 819.00M | 463.00M | 480.00M | 653.00M |
| Change in Working Capital | -1.99B | 193.00M | 829.00M | 53.00M | -2.41B | -1.06B | -10.04B | -8.02B | -1.76B | 706.00M |
| Operating Cash Flow | 40.28B | 38.77B | 38.31B | 35.81B | 41.96B | 43.13B | 48.67B | 43.60B | 38.01B | 38.44B |
| Capital Expenditures | -20.84B | -20.26B | -17.85B | -19.63B | -15.54B | -14.69B | -19.64B | -21.25B | -20.65B | -21.52B |
| Investing Cash Flow | -18.78B | -17.49B | -19.66B | -26.90B | -32.09B | -13.55B | -16.69B | -63.15B | -18.94B | -23.32B |
| Dividends Paid | -8.18B | -8.21B | -8.14B | -9.86B | -15.07B | -14.96B | -14.89B | -13.41B | -12.04B | -11.80B |
| Share Repurchases | -4.50B | -215.00M | -194.00M | -890.00M | -202.00M | -5.50B | -2.42B | -609.00M | -463.00M | -512.00M |
| Debt Issued | 14.03B | 19.00M | 10.00B | 2.98B | 9.93B | 31.99B | 17.04B | 41.88B | 48.79B | 10.14B |
| Debt Repaid | -5.53B | -10.30B | -12.04B | -25.12B | -3.04B | -39.06B | -27.59B | -52.64B | -12.34B | -10.82B |
| Financing Cash Flow | -6.39B | -24.71B | -15.61B | -59.56B | 1.58B | -32.01B | -25.08B | -25.99B | 25.93B | -14.46B |
| Net Change in Cash | 15.12B | -3.43B | 3.04B | -17.52B | 11.45B | -2.42B | 6.89B | -45.53B | 45.00B | 662.00M |
| Free Cash Flow | 19.44B | 18.51B | 20.46B | 16.19B | 26.41B | 28.44B | 29.03B | 22.35B | 17.36B | 16.93B |
This table shows 10 annual periods of AT&T's cash flow statement, from FY 2025 back to FY 2015, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow T's reporting calendar. What is a cash flow statement?