Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

AT&T Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Cash and cash equivalents	20,272)	10,499)	6,885)	3,298)	2,586)	3,093)	3,520)	6,722)	7,540)	9,528)	2,821)	3,701)	2,423)	4,018)	38,565)	21,169)	21,270)	11,869)	11,342)	9,740)	9,758)	16,941)	9,955)
Accounts receivable, net of related allowances for credit loss	8,936)	8,844)	9,228)	9,638)	9,068)	9,686)	9,577)	10,289)	8,962)	9,304)	10,214)	11,466)	11,384)	11,377)	17,218)	17,571)	16,304)	15,771)	16,971)	20,215)	19,379)	19,127)	19,908)
Inventories	2,886)	2,357)	2,593)	2,270)	2,529)	1,816)	2,127)	2,177)	2,520)	2,348)	2,791)	3,123)	3,935)	3,241)	3,153)	3,464)	3,088)	2,810)	3,347)	3,695)	—)	—)	—)
Prepaid and other current assets	22,485)	17,606)	15,074)	15,962)	15,616)	15,273)	15,221)	17,270)	16,598)	15,492)	14,077)	14,818)	14,553)	15,764)	17,920)	17,793)	16,568)	32,419)	31,094)	18,358)	20,834)	20,487)	22,841)
Assets from discontinued operations	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	85)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	54,579)	39,306)	33,780)	31,168)	29,799)	29,868)	30,445)	36,458)	35,620)	36,672)	29,903)	33,108)	32,295)	34,485)	76,856)	59,997)	57,230)	62,869)	62,754)	52,008)	49,971)	56,555)	52,704)
Noncurrent inventories and theatrical film and television production costs	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	19,803)	18,983)	17,811)	16,271)	15,626)	14,752)	13,948)	14,514)	13,276)
Property, plant and equipment	359,091)	356,188)	351,203)	350,914)	346,030)	342,607)	339,115)	339,891)	337,309)	334,206)	330,486)	329,630)	327,903)	323,349)	323,434)	329,488)	325,866)	322,259)	322,534)	327,751)	333,797)	332,883)	329,187)
Accumulated depreciation and amortization	(229,169)	(227,094)	(222,750)	(222,043)	(218,066)	(214,835)	(211,264)	(211,402)	(208,813)	(205,423)	(202,028)	(202,185)	(200,858)	(198,214)	(196,275)	(203,584)	(201,447)	(198,668)	(197,927)	(200,436)	(205,075)	(203,938)	(200,266)
Property, plant and equipment, net	129,922)	129,094)	128,453)	128,871)	127,964)	127,772)	127,851)	128,489)	128,496)	128,783)	128,458)	127,445)	127,045)	125,135)	127,159)	125,904)	124,419)	123,591)	124,607)	127,315)	128,722)	128,945)	128,921)
Goodwill, net	63,425)	63,432)	63,432)	63,432)	63,432)	67,854)	67,854)	67,854)	67,854)	67,854)	67,895)	67,895)	92,725)	92,746)	133,247)	133,223)	133,663)	134,626)	135,168)	135,259)	143,688)	143,651)	145,546)
Licenses, net	127,771)	127,543)	127,344)	127,035)	127,134)	127,279)	127,423)	127,219)	127,113)	125,049)	124,502)	124,092)	123,856)	123,557)	114,107)	113,830)	112,423)	87,962)	87,947)	93,840)	98,397)	98,763)	96,662)
Distribution networks, net	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	11,486)	11,942)	12,408)	12,875)	13,334)	13,793)	14,249)	14,704)	14,886)
Other intangible assets, net	5,254)	5,255)	5,255)	5,255)	5,256)	5,277)	5,281)	5,283)	5,332)	5,339)	5,346)	5,354)	5,362)	5,371)	33,233)	33,721)	34,435)	35,012)	36,427)	38,683)	41,098)	42,209)	42,916)
Intangible assets, net	133,025)	132,798)	132,599)	132,290)	132,390)	132,556)	132,704)	132,502)	132,445)	130,388)	129,848)	129,446)	129,218)	128,928)	158,826)	159,493)	159,266)	135,849)	137,708)	146,316)	153,744)	155,676)	154,464)
Investments in and advances to equity affiliates	1,056)	1,011)	942)	295)	281)	584)	891)	1,251)	1,847)	2,779)	2,810)	3,533)	3,964)	4,523)	5,943)	7,274)	8,629)	1,853)	1,805)	1,780)	2,325)	2,302)	3,606)
Operating lease right-of-use assets	22,654)	21,494)	21,006)	20,909)	20,779)	20,582)	20,668)	20,905)	21,001)	21,581)	21,619)	21,814)	21,782)	21,808)	23,941)	24,180)	24,341)	24,390)	24,415)	24,714)	24,546)	24,692)	24,008)
Deposits on wireless licenses	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	9,129)	—)	—)	23,663)	23,406)	—)	—)	—)	—)
Other assets	18,552)	18,356)	17,255)	17,830)	19,074)	18,810)	19,015)	19,601)	19,435)	20,396)	20,340)	19,612)	19,434)	18,808)	22,291)	22,568)	21,748)	21,598)	21,496)	23,617)	21,609)	21,563)	22,829)
Noncurrent assets	368,634)	366,185)	363,687)	363,627)	363,920)	368,158)	368,983)	370,602)	371,078)	371,781)	370,970)	369,745)	394,168)	391,948)	500,339)	491,625)	489,877)	481,841)	484,231)	473,753)	488,582)	491,343)	492,650)
Total assets	423,213)	405,491)	397,467)	394,795)	393,719)	398,026)	399,428)	407,060)	406,698)	408,453)	400,873)	402,853)	426,463)	426,433)	577,195)	551,622)	547,107)	544,710)	546,985)	525,761)	538,553)	547,898)	545,354)

Cash and Cash Equivalents: Cash reserves exhibited significant volatility. An initial increase was observed from early 2020 peaking around March 2022, followed by notable declines, reaching a low in late 2023, before recovering substantially toward the end of the period in late 2025.
Accounts Receivable: Accounts receivable showed a downward trend from early 2020 through mid-2023, reflecting a reduction in credit extended or improved collections. The figures stabilized thereafter, with minor fluctuations, indicating steady credit management in recent quarters.
Inventories: Inventories experienced variability, with an increase peaking in late 2022, followed by a general decline into 2024. This movement may suggest adjustments in stock levels responding to changes in demand or supply chain conditions.
Prepaid and Other Current Assets: Prepaid and other current assets displayed fluctuations without a clear directional trend. Peaks and troughs suggest timing differences or operational changes affecting the composition of current assets.
Current Assets: Overall current assets demonstrated substantial fluctuation, driven largely by the volatility in cash balances and receivables. A major peak occurred in early 2022, after which a decrease was noted, stabilizing around mid-2024, and rising again by late 2025.
Noncurrent Inventories and Theatrical Film and Television Production Costs: This category showed steady growth through late 2021 but data availability cuts off afterward, precluding trend analysis beyond that point.
Property, Plant and Equipment (PPE): PPE gross values remained relatively stable with gradual increases, reflecting ongoing investments. However, accumulated depreciation continuously increased in magnitude, indicative of aging assets and standard wear. The net PPE value stayed mostly flat, with minor fluctuations, pointing to balanced asset replacement and usage.
Goodwill: Goodwill showed a notable decline between 2021 and 2022, suggesting asset impairment or divestitures affecting intangible value. After this reduction, it remained fairly constant, indicating stability in acquired goodwill.
Licenses, Net: Licenses steadily increased over the period, reflecting acquisitions or capitalizations of intangible rights, signifying ongoing investment in licensing assets.
Distribution Networks, Net: Distribution networks decreased gradually through 2021, consistent with asset retirements or impairments, with no data provided afterward for trend continuation.
Other Intangible Assets: This category declined through late 2021 followed by a substantial reclassification or write-down in 2022, after which values remained low and stable, pointing to a significant asset revaluation.
Intangible Assets, Net: Aggregate intangible assets followed a downward trend through late 2021, then stabilized with minor increases, suggesting balancing of amortization and new intangibles additions.
Investments in and Advances to Equity Affiliates: Investment balances decreased noticeably from early 2020 through mid-2024, indicating divestment or equity value declines, with a minor rebound observed toward late 2025.
Operating Lease Right-of-Use Assets: These assets showed a decreasing trend from 2020 to 2023, followed by a slight recovery toward 2025, consistent with lease term expirations and new lease commencements.
Deposits on Wireless Licenses: Deposits appeared in mid-2021, peaked, and then dropped by late 2021, indicating substantial license fee payments or amortization of deposits.
Other Assets: Other asset values fluctuated mildly, with slight declines from 2020 through 2024, before modest increases approaching 2025, implying steady asset management without large impairments or acquisitions.
Noncurrent Assets: Noncurrent assets decreased progressively from 2020 until early 2023, followed by periods of stabilization and minor recovery, reflecting asset disposals, depreciation, and limited capital investments.
Total Assets: Total assets declined steadily from 2020 through early 2023, driven largely by reductions in both current and noncurrent asset categories. A moderate recovery began in 2024 and extended into 2025, suggesting strategic asset acquisitions or appreciation in asset values.

Assets: Selected Items

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Current Assets: Selected Items

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AT&T Inc. (NYSE:T)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data