AT&T

Financials

AT&T's financial statements for the year 2011 have been compared with previous years in order to analyze the trends.

Compared to last year, revenues have increased by $1.4 billion.

The cost of goods sold increased by $4 billion causing the gross profit to decrease by $2.5 billion.

An increase in interest expense, merger & restructuring charges, and impairment of goodwill caused a significant increase in the firms' expenses.

Earnings from continuing operations decreased significantly to $4.1 billion from $19.4 billion.

All these figures sum up to a net income of $3.9 billion, down from $19 billion the year earlier.

The total assets of the firm witnessed a ...