Consolidated Statements of Income 2019 163,499 17,694 181,193 18,653 31,132 Operating Revenues Service Equipment Total operating revenues Operating Expenses Cost of revenues Equipment Broadcast, programming and operations Other cost of revenues (exclusive of depreciation and amortization shown separately below) Selling, general and administrative Asset abandonments and impairments Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Equity in net income (loss) of affiliates Other income (expense) - net Total other income (expense) Income Before Income Taxes Income tax (benefit) expenso Net Income Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T Less: Preferred Stock Dividends Net Income Attributable to Common Stock 34,356 39,422 1

Consolidated Statements of Income 2019 163,499 17,694 181,193 18,653 31,132 Operating Revenues Service Equipment Total operating revenues Operating Expenses Cost of revenues Equipment Broadcast, programming and operations Other cost of revenues (exclusive of depreciation and amortization shown separately below) Selling, general and administrative Asset abandonments and impairments Depreciation and amortization Total operating expenses Operating Income Other Income (Expense) Interest expense Equity in net income (loss) of affiliates Other income (expense) - net Total other income (expense) Income Before Income Taxes Income tax (benefit) expenso Net Income Less: Net Income Attributable to Noncontrolling Interest Net Income Attributable to AT&T Less: Preferred Stock Dividends Net Income Attributable to Common Stock 34,356 39,422 1.458 28.217 153,238 27,955 (8.422 6 (1.071 (9,487) 18.468 3.493 14,975 (1,072) 13.903 S s 13,900 S s 1.90 S 1.89 $ Basic Earnings Per Share Attributable to Common Stock Diluted Earnings Per Share Attributable to Common Stock The accompanying notes are an integral part of the consolidated financial statements,