DALLAS --

$0.67 diluted EPS compared to $0.60 diluted EPS in the first quarter of 2012. Excluding significant items and adjusting for the sale of Advertising Solutions, EPS was $0.64 versus $0.59, up 8.5 percent

Consolidated revenues of $31.4 billion, down 1.5 percent versus reported results for the year-earlier period, and up 0.9 percent excluding the sale of Advertising Solutions

Strong cash from operations of $8.2 billion and free cash flow of $3.9 billion

More than 2 million new high speed IP broadband connections, both wireless and wireline Strong Mobile Data Growth Drives Solid Wireless Gains

Wireless data revenues up 21.0 percent versus the year-earlier period; total wireless revenues and wireless service revenues both up 3.4 percent versus the year-ago quarter

Wireless operating income margin of 28.0 percent; wireless EBITDA service margin up significantly to 43.2 percent with record first-quarter smartphone sales

296,000 wireless postpaid net adds; postpaid churn improves to 1.04 percent

1.2 million new smartphone subscribers; smartphones 88 percent of postpaid phone sales

Postpaid data ARPU up 18.0 percent; postpaid phone-only subscriber ARPU up 2 percent

AT&T has the nation’s fastest 4G LTE network as supported by an independent third party

AT&T’s overall wireless network performance – call, text, data – ranked or tied for #1 in 14 markets of 23 surveyed year to date 2013 by RootMetrics®

In the second half of 2012, RootMetrics ranked AT&T’s overall wireless network performance 1st or tied for 1st in more than 70 percent of the 47 markets RootMetrics surveyed where AT&T had deployed LTE Increasing U-verse® Gains Drive Wireline Consumer Revenue Growth

Wireline consumer revenue growth of 2.0 percent versus the year-earlier period; total U-verse revenues including business up 31.5 percent year over year

8.7 million total U-verse subscribers (TV and high speed Internet) in service; 731,000 high speed Internet subscribers added, the best-ever quarterly gain; and a net gain of 232,000 U-verse TV subscribers, the strongest growth in nine quarters

Best total broadband net adds in two years; total wireline broadband data ARPU up more than 9 percent year over year AT&T Inc. (NYSE:T) today reported strong earnings per share and cash flows in the first-quarter driven by strong mobile data growth, solid postpaid net adds and continued strong gains in U-verse services. “Our wireless network performance continues to be terrific,” said Randall Stephenson, AT&T chairman and CEO. “And that helped drive our best ever first quarter for smartphone sales, improved wireless churn and strong growth in mobile data revenues. We also posted record sales of our U-verse high-speed IP service. Across all of these areas, we’ve built a solid foundation for future growth in mobile Internet and IP broadband, which will only expand as we progress with Project VIP.” First-Quarter Financial Results
For the quarter ended March 31, 2013, AT&T's consolidated revenues totaled $31.4 billion, down 1.5 percent versus the year-earlier quarter and up 0.9 percent when excluding revenues from the divested Advertising Solutions business unit. Compared with results for the first quarter of 2012, operating expenses were $25.4 billion versus $25.7 billion; operating income was $5.9 billion versus $6.1 billion; and operating income margin was 18.9 percent, compared to 19.2 percent. First-quarter 2013 net income attributable to AT&T totaled $3.7 billion, or $0.67 per diluted share, up from $3.6 billion, or $0.60 per diluted share, in the year-earlier quarter. Adjusted for an income tax settlement of 3 cents and the sale of Advertising Solutions, earnings per share was $0.64 versus $0.59 in the year-ago quarter, an increase of 8.5 percent. First-quarter 2013 cash from operating activities totaled $8.2 billion, and capital expenditures totaled $4.3 billion. Free cash flow — cash from operating activities minus capital expenditures — totaled $3.9 billion. The company continues to expect capital expenditures for 2013 to be in the $21 billion range and now expects capital expenditures for 2014 and 2015 each to be in the $20 billion range with no reduction in the Project Velocity IP (VIP) broadband expansion. Previously, the company expected capital spending of $22 billion annually in 2014 and 2015. The company is achieving savings through greater integration efficiencies in Project VIP, accelerating LTE build in 2013 and other ongoing initiatives. As part of its Project VIP-related LTE deployment, the company currently covers nearly 200 million POPs with its award-winning LTE network and expects to reach nearly 90 percent of its planned 300 million POP LTE deployment by the end of 2013. AT&T’s 4G network now covers more than 292 million POPs, including LTE and HSPA+, all with expanded backhaul to support fast data speeds. AT&T’s overall wireless network performance – call, text, data – ranked or tied for #1 in 14 markets of 23 surveyed year to date 2013 by RootMetrics. In the second half of 2012, RootMetrics ranked AT&T’s overall wireless network performance 1st or tied for 1st in more than 70 percent of the 47 markets RootMetrics surveyed where AT&T had deployed LTE. RootMetrics surveyed a total of 77 markets in the second half of 2012. AT&T Inc.