Analysis of Geographic Areas
AT&T Inc. operates in 6 regions: United States; Mexico; Asia/Pacific Rim; Europe; Latin America; and Other.
Area Asset Turnover
AT&T Inc., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 0.94 | 0.94 | 1.25 | 1.29 | 1.32 |
| Mexico | 1.06 | 0.86 | 0.88 | 0.81 | 0.88 |
| Asia/Pacific Rim | 5.26 | 4.77 | 10.99 | 11.44 | 6.80 |
| Europe | 3.04 | 2.91 | 5.50 | 4.68 | 3.31 |
| Latin America | 2.90 | 2.93 | 34.10 | 3.80 | 3.74 |
| Other | 5.95 | 5.74 | 23.51 | 18.70 | 12.99 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
| Mexico | Mexico area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. | |
| Asia/Pacific Rim | Asia/Pacific Rim area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Europe | Europe area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. | |
| Latin America | Latin America area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. | |
| Other | Other area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: United States
AT&T Inc.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 117,097) | 116,006) | 151,631) | 155,899) | 162,344) |
| Net property, plant & equipment | 124,387) | 123,305) | 120,924) | 121,208) | 122,567) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.94 | 0.94 | 1.25 | 1.29 | 1.32 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Net property, plant & equipment
= 117,097 ÷ 124,387 = 0.94
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Mexico
AT&T Inc.; Mexico; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 3,993) | 3,210) | 3,043) | 2,862) | 3,198) |
| Net property, plant & equipment | 3,750) | 3,718) | 3,462) | 3,530) | 3,648) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.06 | 0.86 | 0.88 | 0.81 | 0.88 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Net property, plant & equipment
= 3,993 ÷ 3,750 = 1.06
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Mexico | Mexico area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Area Asset Turnover: Asia/Pacific Rim
AT&T Inc.; Asia/Pacific Rim; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 521) | 592) | 2,637) | 2,322) | 2,651) |
| Net property, plant & equipment | 99) | 124) | 240) | 203) | 390) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.26 | 4.77 | 10.99 | 11.44 | 6.80 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Net property, plant & equipment
= 521 ÷ 99 = 5.26
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia/Pacific Rim | Asia/Pacific Rim area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Europe
AT&T Inc.; Europe; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 504) | 584) | 6,079) | 5,387) | 6,137) |
| Net property, plant & equipment | 166) | 201) | 1,106) | 1,152) | 1,854) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.04 | 2.91 | 5.50 | 4.68 | 3.31 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Net property, plant & equipment
= 504 ÷ 166 = 3.04
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Area Asset Turnover: Latin America
AT&T Inc.; Latin America; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 194) | 217) | 4,604) | 4,486) | 5,980) |
| Net property, plant & equipment | 67) | 74) | 135) | 1,179) | 1,601) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.90 | 2.93 | 34.10 | 3.80 | 3.74 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Net property, plant & equipment
= 194 ÷ 67 = 2.90
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Latin America | Latin America area asset turnover ratio deteriorated from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Other
AT&T Inc.; Other; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 119) | 132) | 870) | 804) | 883) |
| Net property, plant & equipment | 20) | 23) | 37) | 43) | 68) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 5.95 | 5.74 | 23.51 | 18.70 | 12.99 |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
1 2023 Calculation
Area asset turnover = Revenues ÷ Net property, plant & equipment
= 119 ÷ 20 = 5.95
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other | Other area asset turnover ratio deteriorated from 2021 to 2022 but then slightly improved from 2022 to 2023. |
Revenues
AT&T Inc., revenues by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 117,097) | 116,006) | 151,631) | 155,899) | 162,344) |
| Mexico | 3,993) | 3,210) | 3,043) | 2,862) | 3,198) |
| Asia/Pacific Rim | 521) | 592) | 2,637) | 2,322) | 2,651) |
| Europe | 504) | 584) | 6,079) | 5,387) | 6,137) |
| Latin America | 194) | 217) | 4,604) | 4,486) | 5,980) |
| Other | 119) | 132) | 870) | 804) | 883) |
| Total | 122,428) | 120,741) | 168,864) | 171,760) | 181,193) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).
Net property, plant & equipment
AT&T Inc., net property, plant & equipment by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 124,387) | 123,305) | 120,924) | 121,208) | 122,567) |
| Mexico | 3,750) | 3,718) | 3,462) | 3,530) | 3,648) |
| Asia/Pacific Rim | 99) | 124) | 240) | 203) | 390) |
| Europe | 166) | 201) | 1,106) | 1,152) | 1,854) |
| Latin America | 67) | 74) | 135) | 1,179) | 1,601) |
| Other | 20) | 23) | 37) | 43) | 68) |
| Total | 128,489) | 127,445) | 125,904) | 127,315) | 130,128) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).