What does communications — impairment charge recorded mean?

The amount of value written off from the segment's assets due to a decline in their estimated worth.

How do you interpret communications — impairment charge recorded?

An increase indicates potential overvaluation of past investments or deteriorating business performance in the segment.

How does communications — impairment charge recorded compare across companies?

Common in capital-intensive telecom sectors during periods of technological shifts or market consolidation.

AT&T T Communications — Impairment charge recorded

Discontinued — last reported Q4 '20

Similar metrics at other companies

IES

IESCCommunications — Goodwill impairment expense

$0—

MTZ

MTZCommunications — Goodwill, net

$555.6M+1.7%

DOWCorporate Segment — Asset Impairment Charges

$1.75M-77.4%

FISOperating Segments — Asset Impairment Charges

$95M—

SPXCOperating Segments — Asset Impairment Charges

$75K—

TPRCoach — Impairment Charges

$0—

Other financials

Income statement

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Revenue$31.5B+2.9%

Operating income$6.7B+15.7%

Net income$3.8B-12.0%

EPS (diluted)$0.54-11.5%

Balance sheet

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Cash & equivalents$12.0B+73.8%

Total debt$157.31B+9.6%

Total assets$421.19B+6.0%

Cash flow

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Operating cash flow$7.6B-16.1%

CapEx$4.9B+14.0%

Free cash flow$2.7B-43.0%

Valuation

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Market cap$152.93B-0.3%

Enterprise value$298.28B+2.4%

P/E7.1×-5.8×

P/S1.2×0.0×

Profitability

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Gross margin93%—

Operating margin19.8%+4.4pp

Net margin16.9%+7.3pp

FCF margin13.7%-2.1pp

Returns & leverage

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Current ratio0.9×+0.2×

Where this comes from

Reported directly by AT&T in its filing.

Tagged under the XBRL concept t:ImpairmentLongLivedAssetHeldForUseStatementOfIncomeOrComprehensiveIncomeExtensibleEnumerationNotDisclosedFlag.

The official record: AT&T’s 10-K, filed February 13, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does communications — impairment charge recorded mean?: The amount of value written off from the segment's assets due to a decline in their estimated worth.
How do you interpret communications — impairment charge recorded?: An increase indicates potential overvaluation of past investments or deteriorating business performance in the segment.
How does communications — impairment charge recorded compare across companies?: Common in capital-intensive telecom sectors during periods of technological shifts or market consolidation.