Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
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AT&T’s balance sheet shows a pronounced reshaping between 2021 and 2024. Total assets fell sharply from $551,622m in 2021 to $402,853m in 2022 (−$148,769m, −27%), then were relatively stable at $407,060m (2023) and $394,795m (2024). Total liabilities also declined from $367,767m (2021) to $296,396m (2022) and continued moderating to $276,550m (2024), but the proportional decline in liabilities was smaller than the drop in assets. As a result, the balance-sheet leverage (liabilities/assets) increased from about 66.7% in 2021 to ~73.6% in 2022 before easing to roughly 70% by 2024. Stockholders’ equity fell markedly from $183,855m (2021) to $106,457m (2022) (−$77,398m, −42%), then recovered modestly to $117,442m (2023) and $118,245m (2024). The sharp 2021→2022 declines in assets and equity are consistent with major portfolio changes (disposals, spin‑offs or large accounting reclassifications) and/or one‑time adjustments, while the continued reduction in liabilities shows active debt reduction thereafter. For a capital‑intensive telecom, the post‑2022 pattern—smaller asset base, lower absolute debt, but higher near‑term leverage—suggests management has been repositioning the company and repairing the balance sheet; equity ratios have begun to stabilize but remain below 2021 levels. (Note: 2025 shows zeroes and appears to be missing data.)
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.