AT&T Inc. 5.35% GLB NTS 66
NYSE: TBB · ·
Updated 2026-06-05
AT&T Inc. 5.35% GLB NTS 66 (TBB) Financial statements
SEC filings — annual and quarterly data.
Cash flow — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $15.62B | $34.07B | $33.66B | $34.45B | $34.99B | $34.65B | $39.18B | $34.80B | $31.34B | $35.88B | $39.34B | $38.01B | $43.60B | $48.67B | $43.13B | $41.96B | $32.02B | $38.31B | $38.77B | $40.28B |
| Capital expenditures | $8.32B | $17.72B | $19.68B | $16.59B | $19.53B | $20.11B | $19.46B | $20.94B | $21.20B | $19.22B | $21.52B | $20.65B | $20.76B | $19.43B | $15.68B | $16.53B | $19.63B | $17.85B | $20.26B | $20.84B |
| Depreciation | $9.91B | $21.58B | $19.88B | $19.71B | $19.38B | $18.38B | $18.14B | $18.39B | $18.27B | $22.02B | $25.85B | $24.39B | $28.43B | $28.22B | $28.52B | $22.86B | $18.02B | $18.78B | $20.58B | $20.89B |
| Stock-based comp | $-1.39B | $727.00M | $1.64B | $1.04B | $2.13B | $9.61B | $511.00M | $458.00M | $318.00M | $451.00M | $653.00M | $480.00M | $463.00M | $6.28B | $21.32B | $-2.59B | $518.00M | $479.00M | — | — |
| Free cash flow | $7.29B | $16.36B | $13.98B | $17.85B | $15.46B | $14.54B | $19.71B | $13.85B | $10.14B | $16.66B | $17.83B | $17.36B | $22.84B | $29.23B | $27.45B | $25.43B | $12.40B | $20.46B | $18.51B | $19.44B |
| Investing cash flow | $-8.29B | $-18.51B | $-29.14B | $-17.93B | $-21.45B | $-21.25B | $-19.68B | $-23.12B | $-18.34B | $-49.14B | $-24.21B | $-18.94B | $-63.15B | $-16.69B | $-13.55B | $-32.09B | $-26.90B | $-19.66B | $-17.49B | $-18.78B |
| Financing cash flow | $-6.13B | $-16.01B | $-4.69B | $-14.51B | $-15.85B | $-11.65B | $-17.67B | $-13.20B | $-7.74B | $9.78B | $-14.46B | $25.93B | $-25.99B | $-25.08B | $-32.01B | $1.58B | $-23.74B | $-15.61B | $-24.71B | $-6.39B |
| Dividends paid | $5.15B | $8.74B | $9.51B | $9.67B | $9.92B | $10.17B | $10.24B | $9.70B | $9.55B | $10.20B | $11.80B | $12.04B | $13.41B | $14.89B | $14.96B | $15.07B | $9.86B | $8.14B | $8.21B | $8.18B |
| Share repurchases | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Debt repayment | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net change in cash | — | — | — | — | — | — | $1.82B | $-1.53B | $5.26B | $-3.48B | $667.00M | $44.71B | $-45.53B | $6.89B | $-2.42B | $11.45B | $-50.65B | — | — | — |
Frequently asked questions
How profitable is TBB?
In its most recent fiscal year, TBB ran a gross margin of 79.77%, an operating margin of 19.23%, and a net margin of 17.42%. Margins this high mean most of each extra dollar of revenue drops through to profit, which is the signature of real pricing power.
How much free cash flow does TBB generate?
TBB produced $19.44B in free cash flow in its most recent fiscal year. Free cash flow is what is left after running and reinvesting in the business, and it is the cash that actually funds buybacks, dividends, and a stronger balance sheet.
Is TBB's balance sheet healthy?
TBB holds $18.23B in cash and equivalents against $127.09B in long-term debt, on $110.53B of shareholder equity. That debt is best read against the cash flow the business throws off each year.