AT&T Wireless 2007 Annual Report Download - page 4

Download and view the complete annual report

Please find page 4 of the 2007 AT&T Wireless annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 88

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88

AT&T SENIOR OFFICERS
Standing (left to right): Forrest Miller, Group President-Corporate
Strategy and Development; John Stankey, Group President-
Telecom Operations; Cathy Coughlin, Senior Executive Vice
President and Global Marketing Officer; Randall Stephenson,
Chairman, Chief Executive Officer and President; Ron Spears,
Group President-Global Business Services; Jim Callaway,
Senior Executive Vice President-Executive Operations.
Sitting (left to right): Bill Blase Jr., Senior Executive Vice
President-Human Resources; Rick Lindner, Senior Executive
Vice President and Chief Financial Officer; Ray Wilkins Jr.,
Group President-Diversified Businesses; Jim Cicconi, Senior
Executive Vice President-External and Legislative Affairs;
Wayne Watts, Senior Executive Vice President and General
Counsel; Ralph de la Vega, President and Chief Executive
Officer-AT&T Mobility.
AT&T is led by proven
executives with broad,
diverse operational
experience. They are
the industry’s best.
A Strong 2007
A clear focus on our opportunities, combined with
strong execution, helped make 2007 a terrific year for
our company. Wireless growth accelerated as we added
more than 9 million subscribers. Our enterprise business
executed a major turnaround, with enterprise service
revenues returning to growth in the second half of the
year. We grew our business with small and midsize firms,
expanded our lead among U.S. broadband providers
and began an aggressive ramp of our next-generation
television service.
Meanwhile, we exceeded our expense control targets as
we integrated formerly separate operations to improve
performance. In fact, through mergers and other initiatives,
we've saved more than $5 billion in operational costs over
the past two years. That operating cost advantage serves us
well in every market and economic condition.
All of these achievements drove outstanding
financial results:
•Total revenues increased to nearly $119 billion.
•Adjusted earnings per share grew at a strong
double-digit pace.
• Cash from operating activities topped $34 billion,
a record for our company.
• Our total return for the year (stock price appreciation
plus dividends paid) was 20.6 percent—nearly four
times the return of the S&P 500.
In December 2007, AT&T’s Board of Directors raised our
quarterly dividend by 12.7 percent and approved a new
repurchase of 400 million shares—both the largest in
our company’s history. These actions demonstrate our
commitment to stockholders. And, in a time of some
2
| 2007 AT&T Annual Report