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Earnings release · 8-K Exhibit 99

AT&T Inc. · Earnings release · 8-K Exhibit 99

T · Communication Services

Filed 2026-07-22 · CY2026 Q3 · Company’s FY2026 Q3 · 3,337 words

Read the original on sec.gov ↗

This filing’s 13 Guidance Ledger statements come from its other earnings exhibit. Read that exhibit →

Palanor summary

AT&T reported second-quarter revenue growth of 2.3% to $31.6 billion, driven by a 4.1% increase in the Advanced Connectivity segment. Operating income rose 8.3% to $7.0 billion. Capital expenditures increased 16.4% to $5.7 billion. The company purchased $4.7 billion of treasury stock during the period. Total employees decreased by 4.9% year-over-year.

Written by Palanor from the full document. Not the company’s words.

Sentiment

+0.20

Confidence

40%

Scored on the whole document. No single passage carries these two numbers, so none is highlighted.

EX-99.23t-2q2026exhibit992.htmEX-99.2 AT&T INC. SELECTED FINANCIAL STATEMENTS AND OPERATING DATA Document

AT&T Inc.

Financial Data

Consolidated Statements of Income

Dollars in millions except per share amounts

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Operating Revenues

Service

$

25,977

$

25,292

2.7

%

$

51,455

$

50,430

2.0

%

Equipment

5,581

5,555

0.5

%

11,609

11,043

5.1

%

Total Operating Revenues

31,558

30,847

2.3

%

63,064

61,473

2.6

%

Operating Expenses

Cost of revenues

Equipment

5,741

5,738

0.1

%

12,046

11,432

5.4

%

Other cost of revenues (exclusive of depreciation

and amortization shown separately below)

6,306

6,412

(1.7)

%

12,567

12,751

(1.4)

%

Selling, general and administrative

7,221

6,945

4.0

%

14,537

14,090

3.2

%

Asset impairments and abandonments and restructuring

286

—

—

%

286

504

(43.3)

%

Depreciation and amortization

4,966

5,251

(5.4)

%

9,932

10,441

(4.9)

%

Total Operating Expenses

24,520

24,346

0.7

%

49,368

49,218

0.3

%

Operating Income

7,038

6,501

8.3

%

13,696

12,255

11.8

%

T1Interest Expense

1,883

1,655

13.8

%

3,696

3,313

11.6

%

Equity in Net Income (Loss) of Affiliates

(29)

485

—

%

(70)

1,925

—

%

Other Income (Expense) — Net

696

767

(9.3)

%

1,290

1,222

5.6

%

Income from Continuing Operations Before

Income Taxes

5,822

6,098

(4.5)

%

11,220

12,089

(7.2)

%

Income tax expense on continuing operations

784

1,237

(36.6)

%

1,963

2,536

(22.6)

%

Income From Continuing Operations

5,038

4,861

3.6

%

9,257

9,553

(3.1)

%

Loss from discontinued operations, net of tax

(28)

—

—

%

(66)

—

—

%

Net Income

5,010

4,861

3.1

%

9,191

9,553

(3.8)

%

Net Income Attributable to Noncontrolling Interest

(383)

(361)

(6.1)

%

(735)

(702)

(4.7)

%

Net Income Attributable to AT&T

$

4,627

$

4,500

2.8

%

$

8,456

$

8,851

(4.5)

%

Preferred Stock Dividends and Redemption Gain

(36)

(36)

—

%

(72)

8

—

%

Net Income Attributable to Common Stock

$

4,591

$

4,464

2.8

%

$

8,384

$

8,859

(5.4)

%

Basic Earnings Per Share Attributable to

Common Stock

Income from continuing operations

$

0.66

$

0.62

6.5

%

$

1.21

$

1.22

(0.8)

%

Loss from discontinued operations

—

—

—

%

(0.01)

—

—

%

$

0.66

$

0.62

6.5

%

$

1.20

$

1.22

(1.6)

%

Weighted Average Common Shares

Outstanding (000,000)

6,938

7,209

(3.8)

%

6,977

7,211

(3.2)

%

Diluted Earnings Per Share Attributable to

Common Stock

Income from continuing operations

$

0.66

$

0.62

6.5

%

$

1.21

$

1.22

(0.8)

%

Loss from discontinued operations

—

—

—

%

(0.01)

—

—

%

$

0.66

$

0.62

6.5

%

$

1.20

$

1.22

(1.6)

%

Weighted Average Common Shares

Outstanding with Dilution (000,000)

6,946

7,219

(3.8)

%

6,987

7,221

(3.2)

%

1

AT&T Inc.

Financial Data

Consolidated Balance Sheets

Dollars in millions

Jun. 30,

Dec. 31,

2026

2025

Assets

(Unaudited)

Current Assets

Cash and cash equivalents

$

17,570

$

18,234

Accounts receivable – net of related allowances for credit loss of $372 and $429

8,521

8,843

Inventories

2,368

2,420

Prepaid and other current assets

23,375

19,235

Total current assets

51,834

48,732

Property, Plant and Equipment – Net

134,215

131,559

Goodwill – Net

63,865

63,425

Licenses – Net

129,123

128,148

Other Intangible Assets – Net

6,063

5,254

Investments in and Advances to Equity Affiliates

1,130

1,106

Operating Lease Right-Of-Use Assets

22,781

22,642

Other Assets

19,348

19,332

Total Assets

$

428,359

$

420,198

Liabilities and Stockholders’ Equity

Current Liabilities

Debt maturing within one year

$

9,323

$

9,011

Accounts payable and accrued liabilities

38,049

38,514

Advanced billings and customer deposits

4,065

4,266

Dividends payable

1,945

1,989

Total current liabilities

53,382

53,780

Long-Term Debt

134,631

127,089

Deferred Credits and Other Noncurrent Liabilities

Noncurrent deferred tax liabilities

60,401

58,312

Postemployment benefit obligation

8,267

8,478

Operating lease liabilities

18,934

18,943

Other noncurrent liabilities

24,305

25,104

Total deferred credits and other noncurrent liabilities

111,907

110,837

Redeemable Noncontrolling Interest

2,005

2,001

Stockholders’ Equity

Preferred stock

—

—

Common stock

7,621

7,621

Additional paid-in capital

106,161

106,533

Retained earnings

20,293

15,768

Treasury stock

(22,446)

(18,529)

Accumulated other comprehensive income (loss)

(1,185)

(860)

Noncontrolling interest

15,990

15,958

Total stockholders’ equity

126,434

126,491

Total Liabilities and Stockholders’ Equity

$

428,359

$

420,198

2

AT&T Inc.

Financial Data

Consolidated Statements of Cash Flows

Dollars in millions

Unaudited

Six-Month Period

2026

2025

Operating Activities

Income from continuing operations

$

9,257

$

9,553

Adjustments to reconcile income from continuing operations to net cash provided by

operating activities from continuing operations:

Depreciation and amortization

9,932

10,441

Provision for uncollectible accounts

1,149

1,037

Asset impairments and abandonments and restructuring

286

504

Pension and postretirement benefit expense (credit)

(791)

(794)

Net (gain) loss on investments

(170)

(31)

Changes in operating assets and liabilities:

Receivables

(418)

(247)

Equipment installment receivables and related sales

(176)

1,115

Contract asset and cost deferral

(464)

(299)

Inventories, prepaid and other current assets

320

(317)

Accounts payable and other accrued liabilities

(2,565)

(4,440)

Changes in income taxes

1,829

1,663

Postretirement claims and contributions

(264)

(103)

Other - net

471

730

Total adjustments

9,139

9,259

Net Cash Provided by Operating Activities from Continuing Operations

18,396

18,812

Investing Activities

Capital expenditures

(10,577)

(9,174)

Acquisitions, net of cash acquired

(2,725)

(48)

Dispositions

747

40

(Purchases), sales and settlements of securities - net

(24)

(1,084)

Other - net

(654)

(778)

Net Cash Used in Investing Activities from Continuing Operations

(13,233)

(11,044)

Financing Activities

Issuance of long-term debt

14,037

6,429

Repayment of long-term debt

(5,398)

(1,620)

Payment of vendor financing

(643)

(423)

Redemption of preferred stock

—

(2,075)

T2Purchase of treasury stock

(4,669)

(1,179)

Issuance of treasury stock

1

17

Issuance of preferred interests in subsidiary

—

2,221

Dividends paid

(3,973)

(4,135)

Other - net

(772)

167

Net Cash Used in Financing Activities from Continuing Operations

(1,417)

(598)

Net increase in cash and cash equivalents and restricted cash from continuing operations

3,746

7,170

Cash flows from Discontinued Operations:

Cash provided by operating activities

31

—

Cash used in investing activities

(4,363)

—

Cash used in financing activities

—

—

Net increase (decrease) in cash and cash equivalents and restricted cash from discontinued

operations

(4,332)

—

Net increase (decrease) in cash and cash equivalents and restricted cash

$

(586)

$

7,170

Cash and cash equivalents and restricted cash beginning of year

18,527

3,406

Cash and Cash Equivalents and Restricted Cash End of Period

$

17,941

$

10,576

3

AT&T Inc.

Consolidated Supplementary Data

Supplementary Financial Data

Dollars in millions except per share amounts

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Capital expenditures

Purchase of property and equipment

$

5,651

$

4,857

16.3

%

$

10,486

$

9,097

15.3

%

Interest during construction

49

40

22.5

%

91

77

18.2

%

T3Total Capital Expenditures

$

5,700

$

4,897

16.4

%

$

10,577

$

9,174

15.3

%

Acquisitions, net of cash acquired

Business acquisitions

$

35

$

—

—

%

$

1,691

$

—

—

%

Spectrum acquisitions

16

13

23.1

%

1,034

14

—

%

Interest during construction - spectrum

—

15

—

%

—

34

—

%

Total Acquisitions

$

51

$

28

82.1

%

$

2,725

$

48

—

%

Cash paid for interest

$

1,798

$

1,512

18.9

%

$

3,734

$

3,316

12.6

%

Cash paid for income taxes, net of (refunds)

$

90

$

869

(89.6)

%

$

91

$

880

(89.7)

%

Dividends Declared per Common Share

$

0.2775

$

0.2775

—

%

$

0.5550

$

0.5550

—

%

End of Period Common Shares Outstanding (000,000)

6,879

7,161

(3.9)

%

Debt Ratio

52.8

%

51.7

%

110

BP

T4Total Employees

130,870

137,550

(4.9)

%

4

ADVANCED CONNECTIVITY SEGMENT

The segment provides domestic 5G and fiber-based wireless, internet and other advanced connectivity services to consumer and business customers.

Segment Results

Dollars in millions

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Operating Revenues

Wireless service

$

17,413

$

16,853

3.3

%

$

34,354

$

33,504

2.5

%

Advanced home internet

2,926

2,299

27.3

%

5,725

4,497

27.3

%

Business fiber and advanced connectivity

1,946

1,769

10.0

%

3,828

3,524

8.6

%

Business transitional and other

1,042

1,249

(16.6)

%

2,125

2,543

(16.4)

%

Other service

151

164

(7.9)

%

309

326

(5.2)

%

Total Service Revenues

23,478

22,334

5.1

%

46,341

44,394

4.4

%

Equipment

5,137

5,163

(0.5)

%

10,745

10,295

4.4

%

Total Segment Operating Revenues

28,615

27,497

4.1

%

57,086

54,689

4.4

%

Operating Expenses

Operations and support

16,583

16,356

1.4

%

33,496

32,603

2.7

%

Depreciation and amortization

4,687

5,035

(6.9)

%

9,392

10,008

(6.2)

%

Total Segment Operating Expenses

21,270

21,391

(0.6)

%

42,888

42,611

0.7

%

Operating Income

$

7,345

$

6,106

20.3

%

$

14,198

$

12,078

17.6

%

T5Operating Income Margin

25.7

%

22.2

%

350 BP

24.9

%

22.1

%

280 BP

5

Supplementary Operating Data

Subscribers and connections in thousands

Unaudited

June 30,

Percent

2026

2025

Change

Retail Wireless Subscribers1

109,800

108,696

1.0

%

Phone

91,439

90,501

1.0

%

Postpaid phone

74,921

73,408

2.1

%

Prepaid phone

16,518

17,093

(3.4)

%

Other

18,361

18,195

0.9

%

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Retail Wireless Net Adds1, 2

549

327

67.9

%

707

583

21.3

%

Phone

436

367

18.8

%

658

671

(1.9)

%

Postpaid phone

432

401

7.7

%

726

725

0.1

%

Prepaid phone

4

(34)

—

%

(68)

(54)

(25.9)

%

Other

113

(40)

—

%

49

(88)

—

%

Phone churn3

1.12

%

1.17

%

(5)

BP

1.16

%

1.15

%

1

BP

Postpaid phone churn3

0.86

%

0.87

%

(1)

BP

0.87

%

0.85

%

2

BP

Prepaid phone churn3

2.30

%

2.43

%

(13)

BP

2.46

%

2.49

%

(3)

BP

1Wireless subscribers and net additions exclude customers with free lines provided under promotional pricing until such lines are converted to paying lines.

2Excludes migrations between wireless subscriber categories, including connected devices, and acquisition-related activity.

3Calculated by dividing the aggregate number of wireless subscribers who canceled service during a month by the total number of wireless subscribers at the beginning of that month. The churn rate for the period is equal to the average of the churn rate for each month of that period.

June 30,

Percent

2026

2025

Change

Internet Connections

15,479

11,952

29.5

%

Fiber

12,868

10,480

22.8

%

T6AT&T Fiber

12,144

9,835

23.5

%

AT&T Business Fiber1

724

645

12.2

%

Fixed Wireless

2,611

1,472

77.4

%

AT&T Internet Air (AIA)

1,951

1,006

93.9

%

Business Fixed Wireless2

660

466

41.6

%

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Internet Net Adds3

646

509

26.9

%

1,230

1,025

20.0

%

Fiber

367

269

36.4

%

659

552

19.4

%

AT&T Fiber

344

243

41.6

%

617

504

22.4

%

AT&T Business Fiber1

23

26

(11.5)

%

42

48

(12.5)

%

Fixed Wireless

279

240

16.3

%

571

473

20.7

%

AT&T Internet Air (AIA)

215

203

5.9

%

454

384

18.2

%

Business Fixed Wireless2

64

37

73.0

%

117

89

31.5

%

1Includes fiber broadband internet for businesses and excludes dedicated and ethernet fiber.

2Includes AT&T Internet Air for Business and historical fixed wireless services. Excludes integrated gateway wireless connections used for secondary or back-up connectivity.

3Excludes acquisition-related activity and the impact of customer disconnections resulting from the termination of AIA services in areas with unfavorable regulatory requirements in the first quarter of 2025.

6

LEGACY SEGMENT

The segment provides domestic legacy voice and data services to consumer and business customers over our copper-based network. Legacy segment results include revenues derived from copper-based services and direct operating costs.

Segment Results

Dollars in millions

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Segment Operating Revenues

$

1,632

$

2,202

(25.9)

%

$

3,400

$

4,570

(25.6)

%

Segment Operating Expenses

Operations and support

1,109

1,243

(10.8)

%

2,265

2,592

(12.6)

%

Depreciation and amortization

—

—

—

%

—

—

—

%

Total Operating Expenses

1,109

1,243

(10.8)

%

2,265

2,592

(12.6)

%

Operating Income

$

523

$

959

(45.5)

%

$

1,135

$

1,978

(42.6)

%

Operating Income Margin

32.0

%

43.6

%

(1,160)

BP

33.4

%

43.3

%

(990)

BP

7

LATIN AMERICA SEGMENT

The segment provides wireless services and equipment to customers in Mexico.

Segment Results

Dollars in millions

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Operating Revenues

Wireless service

$

780

$

662

17.8

%

$

1,533

$

1,277

20.0

%

Wireless equipment

444

392

13.3

%

864

748

15.5

%

Total Segment Operating Revenues

1,224

1,054

16.1

%

2,397

2,025

18.4

%

Operating Expenses

Operations and support

997

853

16.9

%

1,950

1,631

19.6

%

Depreciation and amortization

189

155

21.9

%

389

305

27.5

%

Total Segment Operating Expenses

1,186

1,008

17.7

%

2,339

1,936

20.8

%

Operating Income

$

38

$

46

(17.4)

%

$

58

$

89

(34.8)

%

Operating Income Margin

3.1

%

4.4

%

(130)

BP

2.4

%

4.4

%

(200)

BP

Supplementary Operating Data

Subscribers and connections in thousands

Unaudited

June 30,

Percent

2026

2025

Change

Mexico Wireless Subscribers

Postpaid

7,457

6,180

20.7

%

Prepaid

15,829

17,440

(9.2)

%

Reseller

149

223

(33.2)

%

Total Mexico Wireless Subscribers

23,435

23,843

(1.7)

%

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Mexico Wireless Net Additions

Postpaid

369

183

—

%

706

343

—

%

Prepaid

(1,006)

64

—

%

(1,901)

(46)

—

%

Reseller

(31)

(12)

—

%

(50)

(30)

(66.7)

%

Total Mexico Wireless Net Additions

(668)

235

—

%

(1,245)

267

—

%

8

SUPPLEMENTAL INFORMATION - ADVANCED CONNECTIVITY

We provide supplemental information on our advanced consumer and business customer relationships in the following tables as the product lifecycles in these customer categories influence the growth trajectories of Advanced Connectivity segment results.

Consumer Results

Dollars in millions

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Operating Revenues

Wireless service

$

14,992

$

14,559

3.0

%

$

29,576

$

28,929

2.2

%

Advanced home internet

2,926

2,299

27.3

%

5,725

4,497

27.3

%

Other service

151

164

(7.9)

%

309

326

(5.2)

%

Total Service Revenues

18,069

17,022

6.2

%

35,610

33,752

5.5

%

Equipment

4,260

4,273

(0.3)

%

8,871

8,519

4.1

%

Total Operating Revenues

22,329

21,295

4.9

%

44,481

42,271

5.2

%

Operating Expenses

Operations and support

12,234

11,866

3.1

%

24,823

23,667

4.9

%

Depreciation and amortization

2,976

3,056

(2.6)

%

5,998

6,067

(1.1)

%

Total Operating Expenses

15,210

14,922

1.9

%

30,821

29,734

3.7

%

Operating Income

$

7,119

$

6,373

11.7

%

$

13,660

$

12,537

9.0

%

Operating Income Margin

31.9

%

29.9

%

200

BP

30.7

%

29.7

%

100

BP

Business Results

Dollars in millions

Unaudited

Second Quarter

Percent

Six-Month Period

Percent

2026

2025

Change

2026

2025

Change

Operating Revenues

Wireless service

$

2,421

$

2,294

5.5

%

$

4,778

$

4,575

4.4

%

Fiber and advanced connectivity

1,946

1,769

10.0

%

3,828

3,524

8.6

%

Transitional and other service

1,042

1,249

(16.6)

%

2,125

2,543

(16.4)

%

Total Service Revenues

5,409

5,312

1.8

%

10,731

10,642

0.8

%

Equipment

877

890

(1.5)

%

1,874

1,776

5.5

%

Total Operating Revenues

6,286

6,202

1.4

%

12,605

12,418

1.5

%

Operating Expenses

Operations and support

4,349

4,490

(3.1)

%

8,673

8,936

(2.9)

%

Depreciation and amortization

1,711

1,979

(13.5)

%

3,394

3,941

(13.9)

%

Total Operating Expenses

6,060

6,469

(6.3)

%

12,067

12,877

(6.3)

%

Operating Income (Loss)

$

226

$

(267)

—

%

$

538

$

(459)

—

%

Operating Income Margin

3.6

%

(4.3)

%

790

BP

4.3

%

(3.7)

%

800

BP

9

SUPPLEMENTAL SEGMENT RECONCILIATION

Three Months Ended

Dollars in millions

Unaudited

June 30, 2026

Advanced Connectivity

Legacy

Latin America

Total Segment

Corporate & Other

AT&T Inc.

Operating Revenues

Wireless service

$

17,413

$

—

$

780

$

18,193

$

—

$

18,193

Consumer

14,992

Business

2,421

Advanced home internet

2,926

—

—

2,926

—

2,926

Business fiber and advanced connectivity

1,946

—

—

1,946

—

1,946

Business transitional and other

1,042

—

—

1,042

—

1,042

Other service

151

1,632

—

1,783

87

1,870

Total Service

23,478

1,632

780

25,890

87

25,977

Equipment

5,137

—

444

5,581

—

5,581

Operating Revenues

28,615

1,632

1,224

31,471

87

31,558

Operating Expenses

Operations and support expenses

16,583

1,109

997

18,689

430

19,119

Asset impairments and abandonments and restructuring

—

—

—

—

286

286

Transaction, legal and other costs

—

—

—

—

149

149

Depreciation and amortization

4,687

—

189

4,876

90

4,966

Operating Expenses

21,270

1,109

1,186

23,565

955

24,520

Operating Income (Loss)

$

7,345

$

523

$

38

$

7,906

$

(868)

$

7,038

Total other income (expense)

(1,216)

Income from continuing operations before income tax

$

5,822

June 30, 2025

Advanced Connectivity

Legacy

Latin America

Total Segment

Corporate & Other

AT&T Inc.

Operating Revenues

Wireless service

$

16,853

$

—

$

662

$

17,515

$

—

$

17,515

Consumer

14,559

Business

2,294

Advanced home internet

2,299

—

—

2,299

—

2,299

Business fiber and advanced connectivity

1,769

—

—

1,769

—

1,769

Business transitional and other

1,249

—

—

1,249

—

1,249

Other service

164

2,202

—

2,366

94

2,460

Total Service

22,334

2,202

662

25,198

94

25,292

Equipment

5,163

—

392

5,555

—

5,555

Operating Revenues

27,497

2,202

1,054

30,753

94

30,847

Operating Expenses

Operations and support expenses

16,356

1,243

853

18,452

594

19,046

Asset impairments and abandonments and restructuring

—

—

—

—

—

—

Transaction, legal and other costs

—

—

—

—

49

49

Depreciation and amortization

5,035

—

155

5,190

61

5,251

Operating Expenses

21,391

1,243

1,008

23,642

704

24,346

Operating Income (Loss)

$

6,106

$

959

$

46

$

7,111

$

(610)

$

6,501

Total other income (expense)

(403)

Income from continuing operations before income tax

$

6,098

10

SUPPLEMENTAL SEGMENT RECONCILIATION

Six Months Ended

Dollars in millions

Unaudited

June 30, 2026

Advanced Connectivity

Legacy

Latin America

Total Segment

Corporate & Other

AT&T Inc.

Operating Revenues

Wireless service

$

34,354

$

—

$

1,533

$

35,887

$

—

$

35,887

Consumer

29,576

Business

4,778

Advanced home internet

5,725

—

—

5,725

—

5,725

Business fiber and advanced connectivity

3,828

—

—

3,828

—

3,828

Business transitional and other

2,125

—

—

2,125

—

2,125

Other service

309

3,400

—

3,709

181

3,890

Total Service

46,341

3,400

1,533

51,274

181

51,455

Equipment

10,745

—

864

11,609

—

11,609

Operating Revenues

57,086

3,400

2,397

62,883

181

63,064

Operating Expenses

Operations and support expenses

33,496

2,265

1,950

37,711

1,144

38,855

Asset impairments and abandonments and restructuring

—

—

—

—

286

286

Transaction, legal and other costs

—

—

—

—

295

295

Depreciation and amortization

9,392

—

389

9,781

151

9,932

Operating Expenses

42,888

2,265

2,339

47,492

1,876

49,368

Operating Income (Loss)

$

14,198

$

1,135

$

58

$

15,391

$

(1,695)

$

13,696

Total other income (expense)

(2,476)

Income from continuing operations before income tax

$

11,220

June 30, 2025

Advanced Connectivity

Legacy

Latin America

Total Segment

Corporate & Other

AT&T Inc.

Operating Revenues

Wireless service

$

33,504

$

—

$

1,277

$

34,781

$

—

$

34,781

Consumer

28,929

Business

4,575

Advanced home internet

4,497

—

—

4,497

—

4,497

Business fiber and advanced connectivity

3,524

—

—

3,524

—

3,524

Business transitional and other

2,543

—

—

2,543

—

2,543

Other service

326

4,570

—

4,896

189

5,085

Total Service

44,394

4,570

1,277

50,241

189

50,430

Equipment

10,295

—

748

11,043

—

11,043

Operating Revenues

54,689

4,570

2,025

61,284

189

61,473

Operating Expenses

Operations and support expenses

32,603

2,592

1,631

36,826

1,319

38,145

Asset impairments and abandonments and restructuring

—

—

—

—

504

504

Transaction, legal and other costs

—

—

—

—

128

128

Depreciation and amortization

10,008

—

305

10,313

128

10,441

Operating Expenses

42,611

2,592

1,936

47,139

2,079

49,218

Operating Income (Loss)

$

12,078

$

1,978

$

89

$

14,145

$

(1,890)

$

12,255

Total other income (expense)

(166)

Income from continuing operations before income tax

$

12,089

11

Mentions · how they’re counted

CategoryUnderlinedWord counterModel’s count
AI

AI, artificial intelligence, generative AI, machine learning, large language model, LLM

000
Layoffs

layoffs, RIF, headcount reduction, workforce optimization, restructuring

6—0
Recession

recession, downturn, contraction, slowdown

000
Tariffs

tariff, trade war, trade barriers, trade restrictions, trade policy

000
Buybacks

share repurchase, buyback program

0—1

Underlines use the same word lists the scores use. AI, recession and tariffs follow Palanor’s word counter, so those counts match it exactly on the same text. Layoffs and buybacks use the terms the model was given. The model’s count is an estimate by meaning, not by string, so it can differ from the underlines.

Not placed in the text

These quotes are stored with a score, but no passage here matches them closely enough to highlight. Rather than point at the wrong passage, they are listed as stored.

Theme · Connectivity revenue growth

“Advanced Connectivity segment operating revenues $28,615 $27,497 4.1 %”

Theme · Legacy segment decline

“Legacy Segment Operating Revenues $1,632 $2,202 (25.9) %”

Source: SEC EDGAR · public domain · Highlights by Palanor