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CLAIM #55072 · AT&T Inc. (T) · 2023Q3 earnings call · Oct 19, 2023 · due Dec 31, 2024

we would anticipate DIRECTV contributions to decline along, consistent with the secular decline of that business.

Pascal Desroches · CFO

PENDING
graded after results covering Dec 31, 2024 are reported

In context

to keep in mind. We've said this all along. We're trying to build a franchise that is producing sustainable growth in both earnings and cash. We're confident we're going to be able to do that in 2024. So when you think about earnings, here are the piece parts to keep in mind. We continue to expect to grow our Mobility business very nicely as well as continue to drive growth in our fiber broadband business. Our cost takeout efforts the last couple of years have shown that we are committed to creating a really efficient cost structure. So all those things will help drive EBITDA growth and you couple that with a step-down in CapEx from the elevated levels we've been at in ‘22 and ‘23. Those are going to be the big growth drivers to drive both free cash flow growth next year. Offsetting that, we would anticipate DIRECTV contributions to decline along, consistent with the secular decline of that business. But I would say, keep in mind that that, DIRECTV probably -- it's probably more resilient than many have expected and the team is doing an incredible job managing that asset. And then we also expect with the phase-out of the 2017 tax incentives, bonus, appreciation, interest limitations, we're going to pay more taxes next year. Those are the big piece parts. John Hodulik: Got it. Thanks for the color, guys. Operator: Our next question will come from the line of Phil Cusick of JPMorgan. Please go ahead. Phil Cusick: Maybe under the category of pushing my luck, on CapEx, it's been trending down through the year. The last few years you've actually had lower CapEx in the fourth quarter and vendor comments are that things are going to slow more. Should we be looking for a big bounce in the fou

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SEC filings for T · Claim quote is verbatim from the 2023Q3 earnings call.