AT&T Inc. (T) 2012年年度报告「NYSE」.pdf

1、Rethink PossibleAT&T Inc.2012 AnnuAl RepoRTSTRong eARnIngS gRowTh excluding significant items,2012 full-year epS grew 8.5 percent year over year.$2.31 Reported$1.25$2.13 Reported$0.66$126.4B Reported$127.4B$123.4B Reported$126.7B ReVenue gRowTh excluding Advertising Solutions,AT&Ts full-year 2012 re

2、venues grew 2.4 percent versus 2011.2012201220112011RecoRd cASh geneRATIonAT&T generated best-ever cash from operations and free cash flow in 2012,which let us return a record$23 billion in cash to shareowners,including dividends and share buybacks.Free cash flow is cash from operations minus capita

3、l expenditures.Free cash Flowcash from operations$19.4B$39.2B$14.5B$34.7B2012201220112011conTInued MoMenTuM In gRowTh dRIVeRS For full-year 2012,excluding our divested Advertising Solutions business unit,81 percent of AT&Ts$126.4 billion in revenues came from our key growth drivers,which grew nearly

4、 6 percent.2012 FInAncIAl hIghlIghTSwireline data/Managed IT ServicesVoice/otherwireless53%81%28%19%of total revenues grew nearly 6%year over yearAT&T Inc.1 A year ago we talked candidly about the issues our company faced and how we intended to address them.Our number one priority was to add spectru

5、m,the airwaves that carry our customers mobile communications.We also said we would accelerate our companys shift to growth businesses.And I made it clear that we would take steps to further improve our capital structure and return value to our shareowners.We took these objectives head-on,executed f

6、or our customers,and as a result,we have significantly strengthened how AT&T is positioned for the years ahead.Heres what weve done:We signed nearly 50 transactions last year to add new,high-quality mobile capacity including WCS spectrum that previously was not available for mobile broadband.This in