AT&T 2012 Annual Report
Rethink PossibleAT&T Inc. 2012 Annual Report
2012 financial highlightsContinued MOMENTUM in Growth DriversFor full-year 2012, excluding our divested Advertising Solutions business unit, 81 percent ofAT&T’s 126.4 billion in revenues came from our key growth drivers, which grew nearly 6 percent.81%19% 28%Voice/Otherof total revenues grewnearly 6% year over year53%Wireline Data/Managed IT ServicesWirelessREVENUE GrowthExcluding Advertising Solutions, AT&T’s full-year 2012 revenues grew 2.4 percent versus 2011. 126.4B2012 123.4B2011Reported 127.4BReported 126.7BStrong Earnings GrowthExcluding significant items, 2012 full-year EPS grew 8.5 percent year over year. 2.312012 2.132011Reported 1.25Reported 0.66Record Cash GenerationAT&T generated best-ever cash from operations and free cash flow in 2012, which let usreturn a record 23 billion in cash to shareowners, including dividends and share buybacks.Free cash flow is cash from operations minus capital expenditures.Free Cash Flow20122011Cash from Operations 19.4B 14.5B20122011 39.2B 34.7B
AT&T Inc.1To our investors A year ago we talked candidly about the issuesour company faced and how we intended to addressthem. Our number one priority was to add spectrum,the airwaves that carry our customers’ mobilecommunications. We also said we would accelerateour company’s shift to growth businesses. And I madeit clear that we would take steps to further improve ourcapital structure and return value to our shareowners.We took these objectives head-on, executed for our customers,and as a result, we have significantly strengthened how AT&Tis positioned for the years ahead. Here’s what we’ve done: We signed nearly 50 transactions last yearto add new, high-quality mobile capacity —including WCS spectrum that previously was notavailable for mobile broadband. This increasedour average nationwide spectrum holdings bya third, which gives us a good runway to deliverfurther innovation and growth. With this newly acquired spectrum as afoundation, we launched our company’s mostcomprehensive organic growth plan in severaldecades. Called Project Velocity IP — VIP, this planwill let us reach millions more customers withadvanced technology and new services.In addition to these strategic steps, we added morecustomers to our growth platforms and increasedoverall revenues, which allowed us to continuerobust investment in networks and new products: We increased our total wireless subscriber baseto 107 million and continued to lead all major U.S.wireless providers in smartphone penetrationand average revenues per wireless contractsubscriber. Our mobile data revenues grew17.8 percent to a 27 billion annualized run rate. We posted the largest annual increase in totalAT&T U-verse TV and broadband subscribers in ourhistory, bringing our total to more than 8 million.Our U-verse revenues grew 37.9 percent to end theyear at a 10 billion annualized run rate. Our most advanced business services, whichnow make up 6.5 billion in annualized revenues,also grew at a double-digit clip. Overall revenues grew to more than 127 billion,the highest total in our company’s history, andadjusted earnings per share increased 8.5 percent. Cash from operating activities topped 39 billion,up 12.8 percent from the previous year and ourbest total ever. We invested 20.4 billion in capital expendituresand spectrum purchases to expand and upgradeour network capabilities for customers in theUnited States and around the globe. We morethan doubled the U.S. population coveredby our 4G LTE network — the industry’s mostadvanced, high speed wireless technology — anddeployment continues to run ahead of schedule.
to our investorsAT&T Inc.2 We increased our quarterly dividend for the29th consecutive year and paid out more than 10 billion in regular quarterly dividends — themost in our history. We also repurchased 6 percent of our total sharesoutstanding. Combining dividends and sharebuybacks, our company returned 23 billion toshareowners in 2012, the highest total in our history. We refinanced 12 billion of our debt, takingadvantage of historically low interest rates. In addition, the investments in our pension fundposted solid returns, and we took an importantstep to solidify our commitment to our employeesby seeking to contribute a preferred equity interestin AT&T Mobility, our best asset, to our pensiontrust. We expect to gain the approvals needed forthis contribution in 2013.It’s notable that all of this investment has comeduring a time of economic uncertainty. Manycompanies pulled back during this period. Butwe’ve maintained our financial strength andkept our focus on delivering for customers overthe long haul, which has allowed us to investaggressively through the cycle. For several yearsnow, AT&T has invested more capital into the U.S.economy than any other public company.The past few years also have been a time ofdramatic technological change for our industry.Smartphone adoption in the United States hassoared. Tablets and other mobile Internet devicesare now on a similar trajectory. The global mobileapps ecosystem has exploded into a major industry,far beyond what anyone conceived just a few yearsago. And because of these developments, how ourcustomers live and work has forever changed.The United States has led the world in thisrevolution, and I’m proud to say that our companyhas been at the forefront — delivering the fast,mobile connectivity that’s the foundation for allof this innovation.We’ve come very far, very fast. But we’re still early.To date, the mobile Internet has been defined formost of us by what we can do on our devices — somuch so that most of us think of the past few yearsas the smartphone era.But today and in the years ahead, the serviceswe provide are poised to play an even moretransformative role. We’re now riding the next wavesof innovation, moving into the mobile life era —where advanced communications connect virtuallyeverything and where every aspect of our customers’personal and work lives are more intelligent andimmediate, without regard to device or location.How our customers buy things, manage theirhealth, secure their homes, access entertainment,how they learn and make decisions, how they traveland discover — all this and much more is quicklybeing reimagined.Our business customers, too, are finding new waysto speed growth and operate more productivelywith fully connected solutions. For example,there’s tremendous potential to transform ourhealthcare ecosystem — and make everythingfrom record keeping, billing and payment todiagnosis, monitoring and ongoing care fasterand more efficient. In much the same way, mobilepayments are transforming the way our customersconduct commerce — moving from plastic creditcards to secure, personalized wallets accessibleon mobile devices.
to our investorsAT&T Inc.3Randall StephensonChairman, Chief ExecutiveOfficer and PresidentThe foundation for all of this is smart, seamlesshigh speed broadband connectivity — deliveredby meshed wireless and wired networks. This isthe heart of what our company provides.Companies such as ours have a responsibility aswell — to take the initiative and step up to long-termfinancial commitments. That’s exactly what we’redoing with Project VIP:So, what’s required to accelerate thisnew world? We plan to expand our 4G LTE high speed, wirelessdata network to cover 300 million people by the endof 2014, 50 million more than our original plan.Capital investmentTo build the pervasive, smart, high-capacitynetworks that our customers expect takeslarge-scale capital commitments. So, our entireindustry and its surrounding ecosystem ofsuppliers and innovators need tax policies andregulatory approaches that create an attractiveenvironment for investment. To deliver an even better experience, weplan to make this network more dense throughextensive use of innovative small cells in additionto traditional wireless towers. We plan to expand our U-verse customer reachby approximately a third and drive IP broadband
to our investorsAT&T Inc.4AT&T Leadership TeamLeft to Right: Standing Randall Stephenson, Chairman, Chief Executive Officer and President; John Stankey, Group President andChief Strategy Officer; Ron Spears, Senior Executive Vice President-Executive Operations; Wayne Watts, Senior Executive VicePresident and General Counsel; Cathy Coughlin, Senior Executive Vice President and Global Marketing Officer; Bill Blase Jr., SeniorExecutive Vice President-Human Resources. Seated John Stephens, Senior Executive Vice President and Chief Financial Officer;Ralph de la Vega, President and Chief Executive Officer, AT&T Mobility; Lori Lee, Executive Vice President-Home Solutions;Andy Geisse, Chief Executive Officer-AT&T Business Solutions; Jim Cicconi, Senior Executive Vice President-External andLegislative Affairs, AT&T Services, Inc.; John Donovan, Senior Executive Vice President-AT&T Technology and Network Operations.connectivity deeper into our wireline network byyear-end 2015, to reach more of our customerswhere they live and work. We plan to deploy high speed fiber connectionsto 1 million additional business customer locationsby year-end 2015. Once Project VIP is fully implemented, nearlyall of our customers will have access to high speedIP broadband, either wireless, wired or both.These investments will provide a much broaderplatform for a wide range of innovative servicesand solutions, a number of which are profiledin the following pages.Accelerate the pace of innovationCapital investment and great networks provide thefoundation, but the next step is equally important —that’s a mindset and a commitment to accelerateinnovation and change. Everyone benefits — andcustomers are the ultimate winners — wheninnovation flourishes. That’s why our company has
to our investorsAT&T Inc.5taken the lead — reaching out to entrepreneurs,application developers and others outside ourcompany and collaborating with them to bringinnovation onto our network faster. Our goal isto foster a virtuous cycle of demand, growthand further innovation.Accelerating the pace of innovation also requiresa willingness to obsolete old technologies so thatwe can give our customers the best and mostadvanced solutions. That’s an important partof what we’ve committed to do with Project VIP.By 2020, we expect to have fully transitioned ourcustomers from decades-old, legacy technologiesto an all-Internet Protocol network architecture.This will require us to rethink every aspect of how weoperate, but the long-term payoffs are significantin terms of better service, new capabilities for ourcustomers and lower costs.Create a future-focused regulatory modelAn important key to future investment andinnovation in our industry is regulation that doesn’tlock our customers into old technologies. That’swhy we continue to work closely with policymakersas we transition beyond decades-old rules thatwere designed for point-to-point communicationsthrough copper wires and antiquated technology.To make possible a mobile-centric world ofanywhere-to-everywhere connectivity, it’s criticalthat regulations obsolete themselves as oldtechnologies fall away. Customers and the entireindustry benefit from regulatory models that don’tstruggle to play catch-up with new technologies,but actively pave the way for them. It’s a great privilege to be part of a companywhose services touch and benefit so many lives.In keeping with this role, we’ve also committed ourcompany to philanthropic leadership in areas that willmake a difference in the communities we serve.Our employees volunteer their time and makegenerous contributions to thousands of communityprojects, and their heroic efforts in the face of naturaldisasters such as Superstorm Sandy this past yearbring to life the very best of our company’s heritage.Of special note, our employees have played a majorrole in our signature philanthropic initiative — AT&TAspire. Launched in 2008, this project initiallycommitted more than 100 million to supportprograms that help high school students succeedin school and prepare for careers. In 2012, wecommitted an additional 250 million to Aspireover the next five years — to bring new resourcesto help students who are at risk of dropping outof high school. We’ve expanded the mentoringprogram, and we’re driving technology innovationsto reach and engage young students.I also ask you to join us in another importantcause. Please help set a good example and remindyour family and friends to never text while driving.Let’s change behavior and save lives.Finally, let me emphasize that our achievementsin these areas and across our business comefrom the great talent, dedication and hard workof AT&T’s employees. On their behalf, thank youfor your continued confidence and support.Sincerely,Randall StephensonChairman, Chief Executive Officer and PresidentFebruary 11, 2013
Always onthe moveAlways inthe knowLIVING MOBILEDemand for the mobile Internet has never been higher.And our ability to deliver a seamless mobile Internetexperience has never been greater.
LIVING MOBILEAT&T Inc.7Staying connectedwhile out and about As the mobile Internet changes the waybusinesses operate, AT&T is leading the way. Weuse our knowledge of customers’ businesses todeliver customized mobile applications that provideanytime, virtually anywhere access to contentand services. And because AT&T provides a highlysecure managed hosting environment, businessesget end-to-end solutions that easily integrate withexisting applications, software and databases.Consider global commercial real estate giantCushman & Wakefield. AT&T worked with C&W tosolve a key challenge: Brokers’ time in the office istime away from clients. So AT&T developed a customapp — CWmobile — to deliver highly secure mobileaccess to the proprietary data brokers need to assistwith a sale or lease. Says Jim Underhill, C&W CEO forthe Americas: “CWmobile gives our professionalsthe resources they need to deliver an exceptionalclient experience that our competitors can’t match.”Meanwhile, Michigan’s Department of NaturalResources (DNR) wanted to encourage people toexplore the great outdoors. So AT&T app developerscollaborated with the DNR to learn what informationwould be most helpful to Michiganders and visitorsto the state. AT&T used that input to create theMI Camping and Recreation Locator app, whichprovides mobile access to information on whereto camp, hike or cross-country ski in Michigan.Tens of thousands of outdoor enthusiasts havedownloaded the app, and campsite reservationshave gone up substantially. “With AT&T’s help, we’reusing mobile technology to open up Michigan’samazing natural resources to even more people,”says Keith Creagh, DNR director.By the end of 2012, more than 54,000 customers were usingAT&T mobile business applications. AT&T and the state ofMichigan created the MI Camping and Recreation Locator app,which gives one-click access to outdoor activities in Michigan.
LIVING MOBILEAT&T Inc.8Ready to pay?“Put it on my mobile” As consumers increasingly embrace themobile life, teams across our company areexploring new ways to put smarter applicationsand seamless connectivity, literally, in the palms ofour hands. Jeff Ezell, vice president of consumerproduct planning and research, AT&T Mobility, talksabout the future of mobile payments:How will AT&T’s concept of mobilepayments work?Jeff “Well, let’s say it’s date night, and on the wayto the movie, you stop for a bite at your favoriterestaurant. The show starts soon, so you eat quickly.You take the bill to the register and reach for your smartphone. You open the mobile wallet on yourphone, and with a tap you’re paid up and out the door.“At the theater, you check your mobile wallet to seeif there are any promotions. There’s an offer forfree popcorn if you buy a drink. You tap your phoneagain, and now you’ve paid for the drink, gottenyour free popcorn and earned loyalty points.”So how far off is this capability?Jeff “It’s right around the corner. AT&T is partof a joint venture that’s working to mobilizeand transform the way we pay for all kinds ofthings. We’re working to obsolete plastic creditcards and coupons and replace them with amore secure, fully integrated system that’spersonalized, flexible and all mobile.“This venture, Isis, is collaborating with creditcard companies, banks and merchants to createa nationwide mobile payments platform. It’s asimple-to-use system that lets you effortlesslymake payments, discover and redeem offers andearn loyalty points. We have trials under way andare planning to expand nationally.“Today, you’d never go out without yoursmartphone and your wallet. Soon, you canleave home without your wallet!”What’s the potential for AT&T?Jeff “It’s a big opportunity. U.S. consumersspend 4.2 trillion on 1.2 billion cards andredeem 3 billion coupons each year. Isis givesbanks and advertisers a platform to reachconsumers and facilitate these transactionson AT&T’s network and devices.“And we see future opportunities to integratemobile payments into connected cars anddigital homes. So someday soon, rather thandigging for change in your glove box, you mightsimply park at a connected meter and your carwould automatically add two hours to the clock.”
LIVING MOBILEAT&T Inc.9Connected carTest drive the future Some researchers believe that by 2016 more than half of new vehicles will have factory-installed, wirelessconnectivity that works with cars’ electronic systems.1 Says Chris Penrose, senior vice president, emergingdevices, AT&T Mobility: “Our cars are becoming part of our connected world. AT&T has an exciting opportunityto help keep drivers safe and make driving more enjoyable. We’re working with GM, Ford, Nissan, BMW andother auto manufacturers to lead this trend, and we expect that in the coming years connected cars willdrive 1 billion or more in annual revenues for us.” Here’s a glimpse at what could be possible in the future:Vehicle-to-vehicle communicationsYour car will “talk” with nearby cars andwith the city’s traffic system, making autotravel more efficient. It will even alert youif you’re headed toward an accident andhelp you navigate around it.Vehicle-to-road communications Yourcar will alert you to hazardous conditions,construction, traffic congestion or detours —and even suggest an alternate route.Digital home/U-verse integration Yourcar’s display screens will give you accessto the Internet, apps and even your homesecurity and automation and U-verse TVservices, enabling you to do everythingfrom checking your home securitycameras to programming your DVR.In-vehicle item monitoring You walk outof your house but forget your smartphone.No worries. Your car will alert you beforeyou make it down the driveway.Traveling office Running late for avideoconference? Just pull over andjoin the meeting right from your car’sinteractive onboard display.Rear-seat infotainment Wirelessconnectivity will make “Are we there yet?”a thing of the past, giving your kids accessto music, games, videos and more.Service alerts Burned-out tail light?Your car will alert you, locate and call thenearest auto parts store even checkto see if the bulb is in stock.
LIVING MOBILEAT&T Inc.10Keeping thecrowd inevery gameAT&T’s innovative approach to wireless network management helpsour customers have a great experience where they live, work andplay. To do that, we’re deploying multiple complementary networktechnologies — small cells, distributed antenna systems (DAS) and Wi-Fi.And in late 2012, we accelerated our push to make our wireless networkmore dense — in a cost-efficient way. Through 2015, we plan to deploy morethan 40,000 small cells and more than 1,000 additional distributed antennasystems across our network. This will improve network quality, enhancespectrum efficiency and provide better wireless coverage inside buildings.So more customers can update their social networks, send photos and accesstheir favorite apps even in high-traffic areas like sports venues and airports.By design, these solutions are largely seamless and invisible to customers.But for AT&T the results are easy to see. For example, data and voice capacityhave more than doubled at sports venues with AT&T DAS — small antennasintegrated into the design of an arena or stadium.Heinz Field, December 23, 2012: An AT&T DAS lets Pittsburgh Steelers fans use their smartphones to checkthe scores of other games or update their fantasy football rosters even surrounded by tens of thousandsof fellow members of the Steelers Nation.
AT&T Inc.11
Improvingthe businessof improving yoursOpen for BusinessMaking multinational corporations more mobile.Streamlining voice and data needs for a mom-and-popshop. Business as usual? Hardly. From mobile cloudsto custom applications, AT&T is helping businessesof every size be more productive — and connect withmore customers.
OPEN FOR BUSINESSAT&T Inc.13Helping outen la cocina After opening in 1984, Rosa Mexicanowon acclaim for bringing a fresh twist onMexican cuisine to Manhattan.But as Rosa Mexicano expanded to nearly1,600 employees at 16 locations in theUnited States and Central America, handlingcredit card transactions, managing inventoryand sharing information with its employeesbecame a challenge. Raymond Fischer, RosaMexicano’s vice president of real estate anddevelopment, recognized the need to create acommunications infrastructure.“I realized that if I could bring some order to thechaos, we could lower operating cost and moreeasily share important information with ourrestaurants,” he says.Today, Rosa Mexicano uses integrated voice andInternet services from AT&T, including at locationsfar from its New York City HQ — all working togetherfor a stable, easily scalable communicationsplatform for all of its restaurants.And the addition of AT&T voice, Web andvideoconferencing services helps existingrestaurants work more collaboratively whilesupporting the planning, construction and launchof new locations. With AT&T’s integrated solution,Rosa Mexicano’s productivity has improved, andthe company has reduced communications costsby 40 percent.“AT&T made it clear that they didn’t want to just sellus something,” Cory Bronson, vice president ofmarketing for Rosa Mexicano, says. “They wanted towork with us to make our business more successful.And they have.”
OPEN FOR BUSINESSAT&T Inc.14The business at hand,always at hand As chief marketing officer for AT&T BusinessSolutions, Michael Bowling understands whatAT&T’s 3.5 million business customers — frommultinational corporations to startups — wantfrom us and the expanding role that mobility andcloud-based solutions play in meeting their needs:What trends are you seeing in what businesscustomers want? How is AT&T responding?MICHAEL “Two big trends, from our vantage point,are the rise of mobile-enabled businesses and theshift toward virtualization as more companies adoptthe cloud, which lets them access computing andstorage on demand while reducing IT investment.And we’re well positioned in both these areas.“The two really go together. We’re intenselyfocused on delivering mobile and cloud solutionsthat help businesses become more efficient. Weembed cloud services in our highly secure, reliablenetwork and combine them with mobility and appsto deliver ‘the mobile cloud’ — managed end toend across our fixed and mobile networks. So we’reable to deliver the benefits of the cloud — frommanaging costs by scaling IT capacity up or downas needed to quickly recovering when disasterstrikes — but with a difference.“Think about what happens when a companychooses an AT&T cloud solution. With the rightsecurity measures, employees can access emailand apps on their mobile devices any time, fromnearly anywhere. The employees are moreproductive and that company becomes morecompetitive while ensuring its data remains secure.“And because we actively engage with other solutiondevelopers and cloud vendors, we’re able to tailorinnovative, open solutions that operate seamlesslyacross platforms.”74%Percentage of businessapplications expected tobe based in the cloud by 2017 2 210BPotential worldwide cloudopportunity by 2016 3What industries can benefit from AT&T’s services?MICHAEL “We’re integrating mobility and the cloudto help transform whole industries like finance,retail and manufacturing but I’m especiallyexcited about the work we’re doing in healthcare.Because we believe that technology and smartnetworks can help create a healthier world, wecreated our AT&T ForHealth practice group.“We’re collaborating across the healthcareindustry to introduce innovative solutions thatimprove quality of care and reduce costs, fromhelping insurers and doctors remotely care forpatients with chronic diseases to providing moresecure and efficient access to medical recordsand images. For example, we will soon roll out acloud-based service that lets healthcare providersmake virtual ‘house calls’ via a tablet. And that’sjust the beginning it’s an exciting time for AT&T.”
OPEN FOR BUSINESSAT&T Inc.15Healthy solutionsSecure in the cloud Storing the more than 25,000 cardiac imagesit generates each year was a challenge for theHenry Ford Heart & Vascular Institute (HVI),part of Henry Ford Health System in Detroit, Mich.Each image is a little “movie” that requireshighly secure storage. But videotapes andDVDs were costly and took up too much space,while large digital files filled hard drives tooquickly. And both were difficult to safeguardwhen stored off-site.HVI knew it needed a better solution butlacked the budget to build the necessaryIT infrastructure. Enter AT&T’s cloud-basedmedical imaging solution.With AT&T’s pay-as-you-go model, HVI pays onlyfor the digital storage space it needs. Highlysecure storage in the cloud gives medicalstaff access to images without compromisingsecurity. And because the solution runs over ourreliable network with images backed up at twogeographically dispersed AT&T data centers, HVIknows it can still access important files if its ownnetwork is disrupted or a natural disaster hits.“We presented AT&T with a problem, and they gaveus a solution that provides the highly secure storagecapacity we need, while freeing up budget to investin equipment that directly benefits patients,” saysKevin Yee, Administrator, Cardiology, Henry FordHealth System.
Changinghow you live,where you liveHome Sweet HubHome. Car. Office. The lines between them are blurring.Whether it’s monitoring a home repair contractor fromyour office or programming your DVR from the bus,making your home life an integral part of your mobilelife is just another way we’re transforming how you live.And it’s all made possible thanks to the seamlessconnectivity our products and services provide.
Home Sweet HubAT&T Inc.17Revolutionizingthe way we watch In just six years, AT&T U-verseR has becomea 10 billion annualized revenue stream for us.The reason is simple: Customers love it. Andwhy not? With U-verse you can: Surf the Web at home with our all-IP U-verseHigh Speed Internet service, and go online whenyou’re on the road with access to the nationalAT&T Wi-Fi Hot Spot network — at no extra charge. Watch TV virtually anywhere in your home —or even in your backyard — with our fullyintegrated wireless receiver. Catch hit TV shows when and where you want —even on your smartphone or tablet — withUverse.com and U-verse apps. Use your smartphone or tablet asa remote control. Use interactive apps to watch TV and discusswith your friends whatever’s on in real time, evenif you’re in different cities.But there’s much more to U-verse than greatentertainment and easy-to-use features. When webundle U-verse TV and our U-verse High SpeedInternet with AT&T wireless services, it’s a big winfor our customers and for us. Our research showsthat customers with both U-verse broadband andwireless services are more satisfied with AT&Tthan customers who don’t bundle services.So we’re continuing to invest to seamlesslyintegrate our wireless and wired networks andservice. We’re also planning to expand U-verse to8.5 million more customer locations by 2015 andto deploy technology upgrades to make our fastU-verse broadband service even faster.
AT&T Inc.Home Sweet Hub18Never feel farfrom homeAT&T Digital LifeTM is an all-digital, wireless-based home security andautomation solution. “Digital Life is a great service,” says Kevin Petersen,senior vice president, Digital Life, AT&T Mobility. “It lets users control,monitor and secure their homes from a smartphone, tablet or PC. Connecteddevices in nearly every room automate the home. And homeowners cancustomize the solution by choosing the features that best fit their needs.”Wireless cameras 1 let you make sure your kids are studying even if you’reworking late. If a package arrives when you’re out, use automated door locks2 to let the delivery guy in and lock up behind him. Heat wave hits whileyou’re on vacation? Adjust the thermostat 3 from the Digital Life app onyour tablet to save energy. Your home even alerts you if water 4 is near thewashing machine or dishwasher, so you can shut off the water main 5 fromyour smartphone to avoid costly repairs.We also expect Digital Life will be key to integrated home-based healthcare.For example, more senior citizens might live independently if their familiesor healthcare professionals could monitor their activities.We’re launching Digital Life in 2013, with plans to roll it out to more than50 markets across the United States this year. Because Digital Life iscompatible with any broadband connection, customers will be ableto use AT&T broadband in our 22-state wired footprint or bring their ownbroadband nationwide. We also plan to offer a wholesale solution to telecomproviders outside the United States. And in the years to come, we expectDigital Life will become a 1 billion annual revenue stream for AT&T. p
2012 2011 2011 RecoRd cASh geneRATIon AT&T generated best-ever cash from operations and free cash flow in 2012, which let us return a record 23 billion in cash to shareowners, including dividends and share buybacks. Free cash flow is cash from operations minus capital expenditures. Free ca
Annual report 2012 REVISED EDITION Annual report 2012 Annual report 2012 ISBN 978-92-896-1358-3 REVISED EDITION REVISED EDITION. Luxembourg: Publications Office of the European Union, 2013 Annual report 2012 REVISED EDITION. A great deal of additional information on the European Union . Cover desig
Two-Year Calendar 7 Planning Calendars SCampus 2011-12 January 2012 May 2012 September 2012 February 2012 June 2012 October 2012 March 2012 July 2012 November 2012 April 2012 August 2012 December 2012 S M T W T F S
BROWSE MENU Click on a month link to see bond values during that month To return to this page press the Home key on your keyboard Jun 2012 (From: 2 To: 8) Jun 2012 (From: 44 To: 48) Jul 2012 (From: 9 To: 15) Jul 2012 (From: 49 To: 53) Aug 2012 (From: 16 To: 22) Aug 2012 (From: 54 To: 58) Sep 2012 (From: 23 To: 29) Sep 2012 (From: 59 To: 63) Oct 2012 (From: 30 To: 36) Oct 2012 (From: 64 To: 68)
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2011-2012 Annual Report 1. Facilities Management 2011-2012 Annual Report . 2 University of Virginia Facilities Management . On the Cover: The Summer of 2012 saw extensive construction . the annual Toy Lift and
The Huw Thatcher Trust Annual Report 2012 Page 2 LOOKING BACK ON 2012 In total by the end of 2012 the Trust has raised a total of just over 70,000 – of that total 45,000 was raised in 2011 and 25,000 in 2012. The annual report from 2011 is available on Huw’s web site and can
Annual Report 2020 compared to our 2019 Annual Report. The total carbon footprint for printing CIMB Annual Report 2020 was 11,588kgCO2e, compared to 14,987kgCO2e for our 2019 annual report. The carbon footprint for the 3 books of CIMB Annual Report 2020 is 14.485kgCO2e. We are committed to reducing the environmental impact of our annual report .
and Meeting Schedules: 6: Annual Report Workgroup Next Steps: Next steps for FY18 report development: 1. HITAC full committee reviews report . FY18 Annual Report Draft discussed: March 1, 2019. FY18 Annual Report Draft discussed: Winter/Spring 2019. FY18 Annual Report completed as needed:
