Consolidated Results
Diluted EPS of $0.65 as reported compared to $0.49 in the year-ago quarter
Adjusted EPS of $0.90 compared to $0.74 in the year-ago quarter
Consolidated revenues of $45.7 billion
Cash from operations of $12.3 billion, up 14.3%
Capital expenditures of $5.9 billion
Free cash flow of $6.5 billion, up 16.6%
“I’m pleased with the progress we made on a number of fronts in the third quarter,” said Randall Stephenson, AT&T chairman and CEO. “Our U.S. wireless business is growing and it’s the single biggest contributor to our earnings and cash flow. WarnerMedia was immediately accretive in its first full quarter, contributing 5 cents to EPS, and our free cash flow grew by double digits.
“We’ve accomplished all this while staying focused on managing our debt portfolio. We’re on track to get to the 2.5x debt-to-EBITDA range by year-end 2019. And as we’re nearing completion of our fiber build and making pricing moves on video, we’re laying the foundation for stabilizing our Entertainment Group profitability in 2019. Across the business, I like our momentum and feel confident that we’re on track to deliver on our plans.”
AT&T Reports Third-Quarter Results
