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AT&T (T)

Filed: 29 Jan 20, 6:45am

 

Discussion and Reconciliation of Non-GAAP Measures

 


Supplemental Operational Measures

We provide a supplemental discussion of our business solutions operations that is calculated by combining our Mobility and Business Wireline operating units, and then adjusting to remove non-business operations. The following table presents a reconciliation of our supplemental Business Solutions results.

 

Supplemental Operational Measure

 

 

Fourth Quarter

 

 

December 31, 2019

 

 

December 31, 2018

 

 

Mobility

 

Business Wireline

 

Adjustments1

 

Business Solutions

 

 

Mobility

 

Business Wireline

 

Adjustments1

 

Business Solutions

Operating Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Wireless service

$

13,948

$

-

$

(11,924)

$

2,024

 

$

13,700

$

-

$

(11,817)

$

1,883

  Strategic and managed services

 

-

 

3,927

 

-

 

3,927

 

 

-

 

3,811

 

-

 

3,811

  Legacy voice and data services

 

-

 

2,207

 

-

 

2,207

 

 

-

 

2,498

 

-

 

2,498

  Other services and equipment

 

-

 

455

 

-

 

455

 

 

-

 

396

 

-

 

396

  Wireless equipment

 

4,752

 

-

 

(3,897)

 

855

 

 

4,856

 

-

 

(4,083)

 

773

Total Operating Revenues

 

18,700

 

6,589

 

(15,821)

 

9,468

 

 

18,556

 

6,705

 

(15,900)

 

9,361

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Operations and support

 

11,170

 

4,062

 

(9,267)

 

5,965

 

 

11,087

 

4,154

 

(9,357)

 

5,884

EBITDA

 

7,530

 

2,527

 

(6,554)

 

3,503

 

 

7,469

 

2,551

 

(6,543)

 

3,477

  Depreciation and amortization

 

2,027

 

1,264

 

(1,721)

 

1,570

 

 

2,045

 

1,194

 

(1,747)

 

1,492

Total Operating Expenses

 

13,197

 

5,326

 

(10,988)

 

7,535

 

 

13,132

 

5,348

 

(11,104)

 

7,376

Operating Income

 

5,503

 

1,263

 

(4,833)

 

1,933

 

 

5,424

 

1,357

 

(4,796)

 

1,985

Equity in Net Income (Loss) of Affiliates

 

-

 

-

 

-

 

-

 

 

-

 

1

 

-

 

1

Operating Contribution

$

5,503

$

1,263

$

(4,833)

$

1,933

 

$

5,424

$

1,358

$

(4,796)

$

1,986

1 Non-business wireless reported in the Communication segment under the Mobility business unit.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Supplemental Operational Measure

 

 

Year Ended

 

 

December 31, 2019

 

 

December 31, 2018

 

 

Mobility

 

Business Wireline

 

Adjustments1

 

Business Solutions

 

 

Mobility

 

Business Wireline

 

Adjustments1

 

Business Solutions

Operating Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Wireless service

$

55,331

$

-

$

(47,406)

$

7,925

 

$

54,294

$

-

$

(46,971)

$

7,323

  Strategic and managed services

 

-

 

15,440

 

-

 

15,440

 

 

-

 

14,660

 

-

 

14,660

  Legacy voice and data services

 

-

 

9,180

 

-

 

9,180

 

 

-

 

10,674

 

-

 

10,674

  Other services and equipment

 

-

 

1,557

 

-

 

1,557

 

 

-

 

1,406

 

-

 

1,406

  Wireless equipment

 

15,725

 

-

 

(12,968)

 

2,757

 

 

16,227

 

-

 

(13,717)

 

2,510

Total Operating Revenues

 

71,056

 

26,177

 

(60,374)

 

36,859

 

 

70,521

 

26,740

 

(60,688)

 

36,573

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  Operations and support

 

40,681

 

16,091

 

(34,037)

 

22,735

 

 

40,690

 

16,201

 

(34,283)

 

22,608

EBITDA

 

30,375

 

10,086

 

(26,337)

 

14,124

 

 

29,831

 

10,539

 

(26,405)

 

13,965

  Depreciation and amortization

 

8,054

 

4,999

 

(6,840)

 

6,213

 

 

8,263

 

4,714

 

(7,077)

 

5,900

Total Operating Expenses

 

48,735

 

21,090

 

(40,877)

 

28,948

 

 

48,953

 

20,915

 

(41,360)

 

28,508

Operating Income

 

22,321

 

5,087

 

(19,497)

 

7,911

 

 

21,568

 

5,825

 

(19,328)

 

8,065

Equity in Net Income (Loss) of Affiliates

 

(1)

 

-

 

1

��

-

 

 

-

 

(1)

 

-

 

(1)

Operating Contribution

$

22,320

$

5,087

$

(19,496)

$

7,911

 

$

21,568

$

5,824

$

(19,328)

$

8,064

1 Non-business wireless reported in the Communication segment under the Mobility business unit.