AT&T Wireless 2013 Annual Report Download - page 8

Download and view the complete annual report

Please find page 8 of the 2013 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 80

  • 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

AT&T Inc.
2013 Annual Report
6
The final key to sustained success in our
industry is a sound financial foundation,
which gives us the ability to continually
invest and grow our business for the
long term. And at AT&T, we have that
foundation. In 2013, we grew revenues to
$128.8 billion, increased adjusted earnings
per share by 8.2%, generated $34.8billion
in cash from operations and realized
$7.0billion more from timely disposal
of non-strategic assets. In addition to
investing to expand and upgrade our
networks, we also increased our quarterly
dividend for the 30th consecutive year, and
for the second consecutive year we returned
nearly $23billion directly to shareowners
through dividends and share repurchases.
We also ended 2013 with our pension plan
funded, keeping our commitment to our
retirees and employees, and with the best
credit metrics among major U.S.-based
telecom companies. You have my word
that this kind of financial strength, which
enables us to invest in our future while
returning value to you, our shareowners,
will continue to be a top priority.
I’ve never seen a more exciting time in our
industry. We’ve never had greater potential
to improve lives, empower communities
and transform businesses. At AT&T, we’re
determined to do everything we can to
accelerate this future. And as we do that,
we will never lose sight of the fact that
having great technology and capabilities
is just the start. It’s what we do with these
capabilities to benefit customers and
society that’s important — because in
the end, the purpose of communications
is to make a human connection and create
a world that works for people.
We all take great pride in being part of
a company that plays such an important
role and that is so closely connected to
the communities we serve. In addition to
delivering great service every day, time
and again the men and women of AT&T
step up when called upon — in the face of
natural disasters, helping young people
succeed in school, lending a hand to
neighbors in need. These things go to
the heart of who we are as a company, and
they underscore our enduring belief in the
power of communications technology to
make our world better.
For all they do, I couldn’t be more proud
of the entire AT&T team. On their behalf,
I thank you for your continued confidence.
Sincerely,
Randall Stephenson
Chairman, Chief Executive Officer
and President
February 10, 2014