Printed from http://www.electronista.com

AT&T returns to profitability, smartphones 93 percent of phones sold

updated 07:20 pm EST, Tue January 28, 2014

Total smartphone penetration grows to 77 percent from 70 percent in 2012

AT&T has released its quarterly earnings report. For the latest period, the company's consolidated revenues totaled $33.2 billion, up 1.8 percent versus the year-earlier period. Compared with results for the fourth quarter of 2012, operating expenses were $20.9 billion versus $38.5 billion, and operating income was $12.2 billion compared to a loss of $6.0 billion. Notably, smartphones accounted for a record 93 percent of postpaid phone sales in the quarter, which included the release of Apple's iPhone 5c and 5s.

Operating income was $5.2 billion versus $4.2 billion a year ago, while operating income margin was 15.5 percent, up from 12.9 percent last year. Fourth-quarter 2013 cash from operating activities totaled $7.9 billion, and capital expenditures totaled $5.5 billion. Free cash flow -- cash from operating activities minus capital expenditures -- totaled $2.5 billion.

During the quarter, the company repurchased 54 million of its shares for $1.9 billion. In 2013, the company repurchased 366 million shares, or more than six percent of outstanding shares, for $13.0 billion.

Total wireless revenues, which include equipment sales, were up 4.5 percent year-over-year to $18.4 billion. Wireless service revenues increased 4.8 percent in the fourth quarter to $15.7 billion. Wireless data revenues increased 16.8 percent from the year-earlier quarter to $5.7 billion. Fourth-quarter wireless operating expenses totaled $14.5 billion, down 3.9 percent versus the year-earlier quarter, and wireless operating income was $3.9 billion, up 53.8 percent year-over-year.

AT&T added 1.2 million postpaid smartphones in the fourth quarter. At the end of the quarter, 77 percent, or 51.9 million, of AT&T's postpaid phone subscribers had smartphones -- up from 70 percent, or 47.1 million, a year earlier. The company sold 7.9 million smartphones in the quarter: More than one million of those smartphone sales were on the new AT&T Next program. Smartphones accounted for a record 93 percent of postpaid phone sales in the quarter.

The company had its lowest-ever fourth-quarter postpaid churn, or account turnover to other carriers, of 1.11 percent compared to 1.19 percent in the year-ago quarter. Total churn was stable at 1.43 percent versus 1.42 percent in the year-ago quarter.



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Epson PowerLite Home Cinema 2030 projector

With high-definition televisions now the standard, 4K televisions becoming the next big thing, and plasma TVs going the way of the din ...

Life n Soul 8 Driver Bluetooth headphones

When it comes to music on the go, consumers generally have some options to consider when looking for the best experience. While Blueto ...

Tesoro Tizona G2N Elite gaming keyboard

The market for gaming keyboards is getting crowded, starting off with some fairly simple keyboards and diverging into the land of modu ...

Sponsor

toggle

Most Commented

 
toggle

Popular News