AT&T's (T) total operating revenues for 2024 were $122,336 million, a slight decrease of 0.1% compared to $122,428 million in 2023. This decline was primarily driven by lower revenues in the Business Wireline segment and Mobility equipment sales, partially offset by growth in Mobility service revenues and Consumer Wireline revenues.

Operating income for 2024 decreased by 18.8% to $19,049 million from $23,461 million in 2023. This decline was influenced by higher asset impairments and restructuring charges, which rose significantly to $5,075 million in 2024 compared to $1,193 million in 2023. Depreciation and amortization expenses also increased by 9.6% due to ongoing capital investments and network modernization efforts.

The Communications segment, which accounted for 97% of AT&T's total revenues, saw a slight revenue decline of 0.3% to $117,652 million in 2024. Within this segment, Mobility revenues grew by 1.5% to $85,255 million, driven by higher service revenues and subscriber growth, while Business Wireline revenues fell by 9.9% to $18,819 million due to declining demand for legacy services. Consumer Wireline revenues increased by 3.1% to $13,578 million, supported by growth in fiber broadband services.

AT&T's Mobility segment demonstrated strong profitability, with an operating income margin of 30.9% in 2024, slightly up from 30.8% in 2023. EBITDA margin also improved to 42.8% from 40.9% in the prior year, reflecting effective cost management and higher ARPU (average revenue per user).

The Business Wireline segment faced significant challenges, with an operating loss of $88 million in 2024 compared to an income of $1,289 million in 2023. This was largely due to a $4,422 million goodwill impairment charge and continued declines in legacy services. The segment's operating income margin fell to -0.5% in 2024 from 6.2% in 2023.

Consumer Wireline showed positive momentum, with operating income increasing by 33.5% to $869 million in 2024. This growth was driven by higher fiber broadband revenues and improved cost efficiencies. The segment's operating income margin rose to 6.4% in 2024 from 4.9% in 2023.

AT&T's Latin America segment, primarily focused on Mexico, achieved a turnaround, reporting an operating income of $40 million in 2024 compared to a loss of $141 million in 2023. This improvement was driven by subscriber growth and higher ARPU, despite unfavorable foreign exchange impacts.

Cash flow from operating activities increased slightly to $38,771 million in 2024 from $38,314 million in 2023. This was supported by operational growth and expanded receivable sales programs, partially offset by higher cash tax payments. However, cash used in investing activities decreased to $17,490 million from $19,660 million, reflecting lower capital expenditures.

AT&T's total debt decreased to $123,532 million as of December 31, 2024, down from $137,331 million in 2023. This reduction was achieved through repayments of long-term debt and lower vendor financing obligations. The company also maintained a weighted average interest rate of 4.2% on its long-term debt portfolio.

AT&T's net income attributable to common stockholders fell to $10,746 million in 2024, compared to $14,192 million in 2023. This decline was primarily due to lower operating income and higher restructuring charges. Basic earnings per share also decreased to $1.49 from $1.97 in the prior year.