AT&T Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total operating revenues of $41,841 million compared to $42,119 million a year ago. Operating income was $4,248 million compared to $7,532 million a year ago. Income before income taxes was $3,191 million compared to $6,307 million a year ago. Net income attributable to the company was $2,437 million or $0.39 per basic and diluted share compared to $4,006 million or $0.65 per basic and diluted share a year ago. Net cash provided by operating activities was $10,995 million compared to $10,797 million a year ago. Capital expenditures were $5,813 million compared to $5,255 million a year ago. EBITDA was $10,377 million compared to $14,009 million a year ago. Adjusted operating income was $8,292 million compared to $7,947 million a year ago. Adjusted EBITDA was $12,214 million compared to $12,276 million a year ago. Adjusted operating income was $7,342 million compared to $7,071 million a year ago. Adjusted EPS was $0.66 compared to $0.63 a year ago. Net cash provided by operating activities was $10,142 million compared to $9,185 million a year ago. Purchase of property and equipment was $6,456 million compared to $6,093 million a year ago. Total adjusted operating revenue was $41,851 million against $42,119 million a year ago. profit dropped to $2.44 billion or $0.39 per share from $4.01 billion or $0.65 per share last year.

For the year, the company reported total operating revenues of $163,786 million compared to $146,801 million a year ago. Operating income was $24,347 million compared to $24,785 million a year ago. Income before income taxes was $19,812 million compared to $20,692 million a year ago. Net income attributable to the company was $12,976 million or $2.10 per basic and diluted share compared to $13,345 million or $2.37 per basic and diluted share a year ago. Net cash provided by operating activities was $39,344 million compared to $35,880 million a year ago. Purchase of property and equipment was $21,516 million compared to $19,218 million a year ago. EBITDA was $50,194 million compared to $46,801 million a year ago. Adjusted operating income was $24,496 million compared to $20,600 million a year ago. Adjusted EBITDA was $52,479 million compared to $47,131 million a year ago. Adjusted operating income was $31,838 million compared to $27,671 million a year ago. Adjusted EPS was $2.84 compared to $2.71 a year ago. Total adjusted operating revenue was $163,809 million against $146,886 million a year ago. Net debt balance was $117,725 million. For full-year 2016, compared with 2015 results, the company's consolidated Revenue was up 11.6%, driven by a full year of results from DIRECTV and gains in IP services and video.

For the year 2017, the company expects on a business-as-usual basis without the impact of Time Warner, AT&T expects in 2017: Consolidated revenue growth in the low-single digits - adjusted EPS growth in the mid-single digit range - adjusted operating margin expansion - capital expenditures in the $22 billion range and free cash flow in the $18 billion range.

For the fourth quarter of 2016, the company reported impairments of $29 million.