AT&T INC. (T) Free cash flow
- Free cash flow · 12 months (USD): Value (m); Formula and calculation Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2025-12-31..
- Price / free cash flow · 12 months: Value (m); Formula and calculation Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2025-12-31..
- Free cash flow yield · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / current market cap. Period ending 2025-12-31..
- Free cash flow margin · 12 months: Value (m); Formula and calculation (Operating cash flow − capital spending) / revenue. Period ending 2025-12-31..
Free cash flow
Overview →Financial period ending 2025-12-31; current quote (m). Amounts retain their stated periods and units.
| Metric | Value | Formula and calculation |
|---|---|---|
| Free cash flow · 12 months (USD) | (m) | Operating cash flow minus capital spending; distinct from the saved levered FCF quote figure. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Price / free cash flow · 12 months | (m) | Market cap / trailing-year free cash flow; inverse of FCF yield before percent scaling. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Free cash flow yield · 12 months | (m) | (Operating cash flow − capital spending) / current market cap. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Free cash flow margin · 12 months | (m) | (Operating cash flow − capital spending) / revenue. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Free cash flow per share · 12 months | (m) | (Trailing-year operating cash flow − capital spending) / reported quarter-end common shares. Period ending 2025-12-31. Calculation unavailable: missing inputs remain (m). |
| Operating cash flow · 12 months | $40.28B | Cash generated by operating activities. Period ending 2025-12-31. |
| Operating cash flow / net income · 12 months | 1.84× | Operating cash flow / net income. Period ending 2025-12-31. $40.28B ÷ $21.95B ≈ 1.84× |
Calculation inputs
| Input | Amount with unit | Raw financial data |
|---|---|---|
| Operating cash flow | 40.28B USD | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations |
| Capital spending | (m) | Payments to Acquire Property, Plant, and Equipment |
| Market cap | (m) | |
| Free cash flow | (m) | Net Cash Provided by (Used in) Operating Activities · Net Cash Provided by (Used in) Operating Activities, Continuing Operations · Payments to Acquire Property, Plant, and Equipment |
| Revenue | 125.65B USD | Revenue from Contract with Customer, Excluding Assessed Tax |
| Quarter-end shares | (m) | |
| Net income | 21.95B USD | Net Income (Loss) Attributable to Parent |
Calculated history
Changes compare with the next older row (previous quarter), unless explicitly labeled otherwise. Rolling 12-month growth compares two successive quarter-end rolling totals; it is not year-over-year growth.
| Period ending | Free cash flow | FCF per share | Operating cash flow | Capital spending (USD) | Market cap (USD) | Revenue (USD) | Quarter-end shares (shares) | Net income (USD) | Price / FCF | FCF yield | FCF margin | Cash conversion |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-12-31 | (m) | (m) | $40.28B | (m) | (m) | $125.65B | (m) | $21.95B | (m) | (m) | (m) | 1.84× |
| 2025-09-30 | (m) | (m) | $40.86B | (m) | (m) | $124.48B | (m) | $22.25B | (m) | (m) | (m) | 1.84× |
| 2025-06-30 | (m) | (m) | $40.94B | (m) | (m) | $123.98B | (m) | $12.76B | (m) | (m) | (m) | 3.21× |
| 2025-03-31 | (m) | (m) | $40.27B | (m) | (m) | $122.93B | (m) | $11.85B | (m) | (m) | (m) | 3.40× |
| 2024-12-31 | (m) | (m) | $38.77B | (m) | (m) | $122.34B | (m) | $10.95B | (m) | (m) | (m) | 3.54× |
| 2024-09-30 | (m) | (m) | $38.25B | (m) | (m) | $122.06B | (m) | $9.06B | (m) | (m) | (m) | 4.22× |
| 2024-06-30 | (m) | (m) | $38.35B | (m) | (m) | $122.20B | (m) | $12.72B | (m) | (m) | (m) | 3.01× |
| 2024-03-31 | (m) | (m) | $39.18B | (m) | (m) | $122.32B | (m) | $13.62B | (m) | (m) | (m) | 2.88× |
| 2023-12-31 | (m) | (m) | $38.31B | (m) | (m) | $122.43B | (m) | $14.40B | (m) | (m) | (m) | 2.66× |
| 2023-09-30 | (m) | (m) | $37.28B | (m) | (m) | $121.75B | (m) | $-11.30B | (m) | (m) | (m) | -3.30× |
| 2023-06-30 | (m) | (m) | $37.04B | (m) | (m) | $121.44B | (m) | $-8.77B | (m) | (m) | (m) | -4.22× |
| 2023-03-31 | (m) | (m) | $36.76B | (m) | (m) | $121.17B | (m) | $-9.11B | (m) | (m) | (m) | -4.04× |
| 2022-03-31 | (m) | (m) | $37.76B | (m) | (m) | $163.03B | (m) | $17.34B | (m) | (m) | (m) | 2.18× |
| 2021-12-31 | (m) | (m) | $41.96B | (m) | (m) | $168.86B | (m) | $20.08B | (m) | (m) | (m) | 2.09× |
| 2021-09-30 | (m) | (m) | $40.78B | (m) | (m) | $173.60B | (m) | $1.16B | (m) | (m) | (m) | 35.31× |
| 2021-06-30 | (m) | (m) | $43.04B | (m) | (m) | $176.01B | (m) | $-1.95B | (m) | (m) | (m) | -22.11× |
| 2021-03-31 | (m) | (m) | $44.19B | (m) | (m) | $172.92B | (m) | $-2.24B | (m) | (m) | (m) | -19.76× |
| 2020-12-31 | (m) | (m) | $43.13B | (m) | (m) | $171.76B | (m) | $-5.18B | (m) | (m) | (m) | -8.33× |
| 2020-09-30 | (m) | (m) | $44.99B | (m) | (m) | $172.89B | (m) | $11.10B | (m) | (m) | (m) | 4.05× |
| 2020-06-30 | (m) | (m) | $44.26B | (m) | (m) | $175.14B | (m) | $11.98B | (m) | (m) | (m) | 3.69× |
| 2020-03-31 | (m) | (m) | $46.48B | (m) | (m) | $179.15B | (m) | $14.42B | (m) | (m) | (m) | 3.22× |
| 2019-12-31 | (m) | (m) | $48.67B | (m) | (m) | $181.19B | (m) | $13.90B | (m) | (m) | (m) | 3.50× |
| 2019-09-30 | (m) | (m) | $48.80B | (m) | (m) | $182.37B | (m) | $16.37B | (m) | (m) | (m) | 2.98× |
| 2019-06-30 | (m) | (m) | $49.76B | (m) | (m) | $183.52B | (m) | $17.39B | (m) | (m) | (m) | 2.86× |
| 2019-03-31 | (m) | (m) | $45.71B | (m) | (m) | $177.54B | (m) | $18.80B | (m) | (m) | (m) | 2.43× |
| 2018-12-31 | (m) | (m) | $43.60B | (m) | (m) | $170.76B | (m) | $19.37B | (m) | (m) | (m) | 2.25× |
| 2018-09-30 | (m) | (m) | $41.06B | (m) | (m) | $164.44B | (m) | $33.55B | (m) | (m) | (m) | 1.22× |
| 2018-06-30 | (m) | (m) | $40.66B | (m) | (m) | $158.37B | (m) | $31.86B | (m) | (m) | (m) | 1.28× |
| 2018-03-31 | (m) | (m) | $37.99B | (m) | (m) | $159.22B | (m) | $30.64B | (m) | (m) | (m) | 1.24× |
| 2017-12-31 | $18.50B | (m) | $39.15B | $20.65B | (m) | $160.55B | (m) | $29.45B | (m) | (m) | 11.53% | 1.33× |
| 2017-09-30 | (m) | (m) | $37.71B | (m) | (m) | $160.71B | (m) | $12.85B | (m) | (m) | (m) | 2.93× |
| 2017-06-30 | (m) | (m) | $38.81B | (m) | (m) | $161.93B | (m) | $13.15B | (m) | (m) | (m) | 2.95× |
| 2016-12-31 | $17.83B | (m) | $39.34B | $21.52B | (m) | $163.79B | (m) | (m) | (m) | (m) | 10.88% | (m) |
| 2016-06-30 | (m) | (m) | $38.19B | (m) | (m) | $162.26B | (m) | $14.21B | (m) | (m) | (m) | 2.69× |
| 2016-03-31 | (m) | (m) | $37.04B | (m) | (m) | $154.76B | (m) | $13.88B | (m) | (m) | (m) | 2.67× |
| 2015-12-31 | $16.66B | (m) | $35.88B | $19.22B | (m) | $146.80B | (m) | $13.35B | (m) | (m) | 11.35% | 2.69× |
| 2015-09-30 | (m) | (m) | $32.44B | (m) | (m) | $139.12B | (m) | $5.12B | (m) | (m) | (m) | 6.33× |
| 2015-06-30 | (m) | (m) | $30.37B | (m) | (m) | $132.99B | (m) | $5.27B | (m) | (m) | (m) | 5.76× |
| 2015-03-31 | (m) | (m) | $29.28B | (m) | (m) | $132.55B | (m) | $5.77B | (m) | (m) | (m) | 5.07× |
| 2014-12-31 | $10.14B | (m) | $31.34B | $21.20B | (m) | $132.45B | (m) | $6.22B | (m) | (m) | 7.66% | 5.04× |
| 2014-09-30 | (m) | (m) | $33.51B | (m) | (m) | $131.17B | (m) | $17.11B | (m) | (m) | (m) | 1.96× |
| 2014-06-30 | (m) | (m) | $33.95B | (m) | (m) | $130.37B | (m) | $17.93B | (m) | (m) | (m) | 1.89× |
| 2014-03-31 | (m) | (m) | $35.40B | (m) | (m) | $129.87B | (m) | $18.20B | (m) | (m) | (m) | 1.94× |
| 2013-12-31 | $13.85B | (m) | $34.80B | $20.94B | (m) | $128.75B | (m) | $18.25B | (m) | (m) | 10.76% | 1.91× |
| 2013-09-30 | (m) | (m) | $37.40B | (m) | (m) | $128.17B | (m) | $7.48B | (m) | (m) | (m) | 5.00× |
| 2013-06-30 | (m) | (m) | $39.56B | (m) | (m) | $127.47B | (m) | $7.30B | (m) | (m) | (m) | 5.42× |
| 2013-03-31 | (m) | (m) | $39.53B | (m) | (m) | $126.97B | (m) | $7.38B | (m) | (m) | (m) | 5.36× |
| 2012-12-31 | (m) | (m) | $39.18B | (m) | (m) | $127.43B | (m) | $7.26B | (m) | (m) | (m) | 5.39× |
| 2012-09-30 | (m) | (m) | $36.44B | (m) | (m) | $127.36B | (m) | $4.44B | (m) | (m) | (m) | 8.20× |
| 2012-06-30 | (m) | (m) | $35.35B | (m) | (m) | $127.38B | (m) | $4.43B | (m) | (m) | (m) | 7.98× |
| 2012-03-31 | (m) | (m) | $34.71B | (m) | (m) | $127.30B | (m) | $4.12B | (m) | (m) | (m) | 8.43× |
| 2011-12-31 | (m) | (m) | $34.65B | (m) | (m) | $126.72B | (m) | $3.94B | (m) | (m) | (m) | 8.78× |
| 2011-09-30 | (m) | (m) | $36.79B | (m) | (m) | $125.58B | (m) | $11.71B | (m) | (m) | (m) | 3.14× |
| 2011-06-30 | (m) | (m) | $35.94B | (m) | (m) | $125.68B | (m) | $20.41B | (m) | (m) | (m) | 1.76× |
| 2011-03-31 | (m) | (m) | $35.49B | (m) | (m) | $125.00B | (m) | $20.82B | (m) | (m) | (m) | 1.70× |
| 2010-12-31 | (m) | (m) | $34.99B | (m) | (m) | $124.28B | (m) | $19.86B | (m) | (m) | (m) | 1.76× |
| 2010-09-30 | (m) | (m) | $34.35B | (m) | (m) | $124.13B | (m) | $21.86B | (m) | (m) | (m) | 1.57× |
| 2010-06-30 | (m) | (m) | $34.48B | (m) | (m) | $123.28B | (m) | $12.71B | (m) | (m) | (m) | 2.71× |
| 2010-03-31 | (m) | (m) | $33.78B | (m) | (m) | $123.10B | (m) | $11.88B | (m) | (m) | (m) | 2.84× |
| 2009-12-31 | (m) | (m) | $34.45B | (m) | (m) | $123.02B | (m) | $12.54B | (m) | (m) | (m) | 2.75× |
| 2009-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2009-03-31 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-12-31 | (m) | (m) | $33.66B | (m) | (m) | $124.03B | (m) | $12.87B | (m) | (m) | (m) | 2.62× |
| 2008-09-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2008-06-30 | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) | (m) |
| 2007-12-31 | (m) | (m) | $34.24B | (m) | (m) | $118.93B | (m) | $11.95B | (m) | (m) | (m) | 2.87× |
(m) means missing inputs. Historical market-based ratios use the saved close on or immediately before period ending and that period’s reported shares; current quotes are not substituted. Five-year projections repeat historical CAGR, not analyst forecasts.
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