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AT&T meets own estimates, posts $32.2 billion quarterly revenue

updated 06:45 pm EDT, Wed October 23, 2013

One million customers added in a single quarter

For the quarter ended September 30, AT&T's consolidated revenues totaled $32.2 billion, up 2.2 percent versus the year-earlier quarter. Third-quarter 2013 net income attributable to AT&T totaled $3.8 billion compared to $3.6 billion in the year-earlier quarter. Earnings per share was $0.72 per diluted share versus $0.63 per diluted share in the year-earlier quarter, a 14.3 percent increase.

Third-quarter 2013 cash from operating activities totaled $9.2 billion, and capital expenditures totaled $6 billion. Free cash flow -- cash from operating activities minus capital expenditures -- totaled $3.2 billion. During the third quarter, the company repurchased 55 million shares for $1.9 billion.

In the third quarter, AT&T added nearly one million subscribers, with wireless service revenues increasing 3.7 percent to $15.5 billion. Wireless data revenues increased 17.6 percent from the year-earlier quarter to $5.5 billion. Third-quarter wireless operating expenses totaled $12.9 billion, up 5.7 percent versus the year-ago quarter, and wireless operating income was $4.6 billion, up 3.4 percent year over year.

Postpaid churn was down slightly to 1.07 percent compared to 1.08 percent in the year-ago quarter, and increased from 1.02 percent in the second quarter of 2013. Total churn was 1.31 percent versus 1.34 percent in the year-ago quarter and 1.36 percent in the second quarter of 2013. About 90 percent of postpaid subscribers are on FamilyTalk, Mobile Share or business plans.



By Electronista Staff
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