MAAT INDEX

CLAIM #55029 · AT&T Inc. (T) · 2023Q2 earnings call · Jul 26, 2023 · due Dec 31, 2023

As a result, we are on track to achieve full year free cash flow of $16 billion or better.

Pascal Desroches · CFO

PENDING
graded after results covering Dec 31, 2023 are reported

In context

e about $4.5 billion lower than the first half of the year. Three, the first half of the year included more than $1 billion of annual incentive compensation payments that won't repeat in the second half. Four, and as I mentioned earlier, we expect full year adjusted EBITDA growth of more than 3%. And lastly, we expect other working capital improvement of roughly $1 billion in the second half of the year relative to the first half of the year, including higher non cash amortization of deferred acquisition costs. These improvements are expected to be partially offset by lower cash distributions from DIRECTV of about $500 million in the second half of the year relative to the first half. And cash tax is about $1 billion higher in the second half of the year versus the first half of the year. As a result, we are on track to achieve full year free cash flow of $16 billion or better. Now let's turn to our mobility results on the next slide. Looking at our mobility results, postpaid phone net adds were 326,000. Total revenues and profits of our largest business unit are at an all-time second quarter highs. Revenues were up 2% and service revenues were up 4.9%. These gains were driven by subscriber growth and higher ARPU. Mobility EBITDA was up 8.3% in the quarter. Mobility postpaid phone ARPU was $55.63, up 1.5% year-over-year. The primary drivers of ARPU growth are: higher ARPU on legacy plans from last year's pricing actions; a continued mix shift to higher value rate plans with higher margins; and continued improvement in consumer international roaming trends. Postpaid phone churn remains low at 0.79% for the quarter. In prepaid, we had 123,000 phone net additions w

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SEC filings for T · Claim quote is verbatim from the 2023Q2 earnings call.