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AT&T | DEF 14A: Definitive information statements

SEC ·  Apr 5, 2024 04:17

Summary by Moomoo AI

AT&T Inc. (AT&T) has released its 2023 financial report, showcasing a year of significant achievements and strategic progress. The company reported adding 7.8 million postpaid phone subscribers over the past three years, marking the best three-year total in over a decade. In 2023 alone, AT&T gained 1.7 million postpaid phone net adds, maintained historically low churn, and grew wireless service revenues by 4.4%. The company also reported having the nation's largest consumer fiber network, with more than 1 million net adds for six consecutive years and an 8.1% growth in broadband revenues. AT&T's financial performance was strong, with cash from operations reaching $38.3 billion, up $2.5 billion from the previous year, and free cash flow of $16.8 billion, up $2.6 billion. The company invested...Show More
AT&T Inc. (AT&T) has released its 2023 financial report, showcasing a year of significant achievements and strategic progress. The company reported adding 7.8 million postpaid phone subscribers over the past three years, marking the best three-year total in over a decade. In 2023 alone, AT&T gained 1.7 million postpaid phone net adds, maintained historically low churn, and grew wireless service revenues by 4.4%. The company also reported having the nation's largest consumer fiber network, with more than 1 million net adds for six consecutive years and an 8.1% growth in broadband revenues. AT&T's financial performance was strong, with cash from operations reaching $38.3 billion, up $2.5 billion from the previous year, and free cash flow of $16.8 billion, up $2.6 billion. The company invested $23.6 billion in capital expenditures and vendor financing, while reducing net debt by $3.3 billion. AT&T's commitment to sustainability was evident, with nearly a 49% reduction in Scope 1 and 2 greenhouse gas emissions, reaching 77% of its 2030 target. The company also completed its $2 billion commitment to help bridge the digital divide, reaching over 1.7 million people through low-cost broadband offers and its Connected Learning initiative. AT&T's executive compensation program reflected these achievements, with 90% of the CEO and other NEOs' target compensation being at-risk pay, aligning their interests with those of stockholders.

This announcement is a separate document:

Doc 1

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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