AT&T Wireless 2011 Annual Report Download - page 5

Download and view the complete annual report

Please find page 5 of the 2011 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 100

  • 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
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

AT&T Inc. 3
We ended 2011 with 80 percent of our mobile
data traffic running on our advanced 4G network,
and AT&T’s network lets iPhone 4S download
3X faster than our competitors.
And now we’re well under way with our rollout
of the fastest, most advanced technology —
4G LTE — with plans to complete our deployment
to 80 percent of the U.S. population by the
end of 2013.
We also significantly expanded our advanced
capabilities for business customers — whose
requirements are increasingly focused on
mobile broadband connectivity — by creating
a robust Internet cloud services platform for
computing, storage, security and mobile apps.
And as we built these new growth platforms,
we also delivered solid financial results. In 2011:
Revenues from mobile data and advanced
business services both grew at a strong
double-digit pace, and our total revenues
increased to a record $126.7 billion.
Cash from operating activities was a strong
$34.6 billion.
We invested more than $20 billion of capital
in our networks.
We also paid more than $10 billion to our
shareowners in dividends, and at the end of the
year we announced our 28th consecutive annual
dividend increase.
This places your company among a select group
of large, blue-chip companies with an exemplary
record of consistent performance while returning
increased value directly to shareowners.
And in January 2012, we announced that we
would immediately begin repurchasing shares
under our existing 300 million share authorization.
That’s about 5 percent of our shares outstanding,
representing approximately $9 billion based
on our stock price at the time of this letter.
Our strong cash generation gives us the flexibility
to execute these buybacks while maintaining
a sound balance sheet.
Randall Stephenson
Chairman, Chief Executive
Officer and President