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.
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AT&T Inc. pages available for free this week:
- Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
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AT&T Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Total assets underwent a significant structural contraction in the second quarter of 2022, dropping from 577.2 billion USD in March 2022 to 426.4 billion USD by June 2022. Following this sharp decline, the asset base stabilized and entered a period of gradual recovery, reaching 428.4 billion USD by June 2026.
- Liquidity and Current Asset Trends
- Current assets experienced a sharp decline in mid-2022, falling from 76.9 billion USD to 34.5 billion USD. This volatility is most evident in cash and cash equivalents, which peaked at 38.6 billion USD in March 2022 before plunging to 4.0 billion USD in June 2022. A secondary recovery phase is observable starting in 2025, with cash balances rising to a peak of 20.3 billion USD in September 2025. Meanwhile, accounts receivable have exhibited a consistent long-term downward trend, decreasing from 16.9 billion USD in early 2021 to approximately 8.5 billion USD by mid-2026.
- Fixed Asset Investment
- Property, plant and equipment (PP&E), net, demonstrated steady and incremental growth over the analyzed period, rising from 124.6 billion USD in March 2021 to 134.2 billion USD by June 2026. This growth occurred despite a consistent increase in accumulated depreciation and amortization, which grew from 197.9 billion USD to 218.5 billion USD, indicating sustained capital expenditure to modernize or expand infrastructure.
- Intangible Assets and Goodwill
- A substantial reduction in intangible value occurred during 2022. Goodwill, net, decreased from 133.2 billion USD in March 2022 to 63.9 billion USD by June 2026. Other intangible assets, net, saw an even more abrupt decline, falling from 33.2 billion USD in March 2022 to approximately 5.3 billion USD by June 2022, where they remained largely stagnant. Conversely, licenses, net, showed a consistent upward trajectory, increasing from 87.9 billion USD in early 2021 to 129.1 billion USD by June 2026, suggesting a strategic shift toward license acquisition.
- Noncurrent Asset Composition
- Noncurrent assets followed the general trend of the total balance sheet, with a major contraction in June 2022 from 500.3 billion USD to 391.9 billion USD. While goodwill and other intangibles declined, the overall noncurrent asset base began a slow ascent from 2023 onward, moving from 368.9 billion USD in March 2024 to 376.5 billion USD by June 2026, driven primarily by growth in PP&E and license values.