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AT&T INC.
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47
The following tables present our results under our historical method and as adjusted to reflect these accounting changes:
Historical Effect of Effect of Adoption As
Accounting Method Voluntary Change of New ASUs Adjusted
At December 31, 2015 or for the year ended
Other cost of services $ 36,038 $ (256) $ — $ 35,782
Income tax expense 6,908 97 — 7,005
Net Income 13,528 159 — 13,687
Net Income Attributable to AT&T 13,186 159 — 13,345
Basic Earnings per Share Attributable to AT&T $ 2.34 $ 0.03 $ — $ 2.37
Diluted Earnings per Share Attributable to AT&T 2.34 0.03 — 2.37
Other current assets $ 12,225 $1,588 $(546)2 $ 13,267
Other Assets 12,605 3,064 (323)1 15,346
Long-term debt 118,838 — (323)1 118,515
Deferred income taxes 55,580 1,147 (546)2 56,181
Total Assets 398,889 4,652 (869)1,2 402,672
Total Liabilities 278,754 1,147 (869)1,2 279,032
Retained earnings $ 30,166 $3,505 $ — $ 33,671
1 Impact of ASU 2015-03.
2 Impact of ASU 2015-17.
Historical Effect of Effect of Adoption As
Accounting Method Voluntary Change of New ASUs Adjusted
At December 31, 2014 or for the year ended
Other cost of services $ 37,590 $ (466) $ — $ 37,124
Other income (expense) – net 1,652 (71) — 1,581
Income tax expense 3,442 177 — 3,619
Net Income 6,518 218 — 6,736
Net Income Attributable to AT&T 6,224 218 — 6,442
Basic Earnings per Share Attributable to AT&T $ 1.19 $ 0.05 $ — $ 1.24
Diluted Earnings per Share Attributable to AT&T 1.19 0.05 — 1.24
Other current assets $ 8,067 $1,735 $(157)2 $ 9,645
Other Assets 10,998 2,661 (234)1 13,425
Long-term debt 76,011 — (233)1 75,778
Deferred income taxes 37,544 1,005 (113)2 38,436
Total Assets 292,829 4,396 (391)1,2 296,834
Total Liabilities 205,905 1,050 (391)1,2 206,564
Retained earnings $ 27,736 $3,345 $ — $ 31,081
1 Impact of ASU 2015-03.
2 Impact of ASU 2015-17.
Historical Effect of Effect of Adoption As
Accounting Method Voluntary Change of New ASUs Adjusted
At December 31, 2013 or for the year ended
Other cost of services $ 31,512 $ (273) $ — $ 31,239
Income tax expense 9,224 104 — 9,328
Net Income 18,553 169 — 18,722
Net Income Attributable to AT&T 18,249 169 — 18,418
Basic Earnings per Share Attributable to AT&T $ 3.39 $ 0.03 $ — $ 3.42
Diluted Earnings per Share Attributable to AT&T 3.39 0.03 — 3.42
Other current assets $ 5,979 $1,725 $(159)2 $ 7,545
Other Assets 8,278 2,269 (199)1 10,348
Long-term debt 69,290 — (199)1 69,091
Deferred income taxes 36,308 859 (152)2 37,015
Total Assets 277,787 3,994 (358)1,2 281,423
Total Liabilities 186,305 866 (358)1,2 186,813
Retained earnings $ 31,141 $3,128 $ — $ 34,269
1 Impact of ASU 2015-03.
2 Impact of ASU 2015-17.