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AT&T Inc. – ‘8-K’ for 4/9/21

On: Friday, 4/9/21, at 6:45am ET · For: 4/9/21 · Accession #: 732717-21-15 · File #: 1-08610

  As Of               Filer                 Filing    For·On·As Docs:Size

 4/09/21  AT&T Inc.                         8-K:8,9     4/09/21   13:998K

Current Report — Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     76K 
 2: EX-99.1     EX-99.1 AT&T Inc. Selected Quarterly Historical     HTML    119K 
                Segment Results                                                  
 9: R1          Cover                                               HTML    143K 
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‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

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t-20210409

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

______________________________________________________

FORM i 8-K

______________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of report (Date of earliest event reported) i April 9, 2021

______________________________________________________

i AT&T INC.

(Exact Name of Registrant as Specified in Charter)

______________________________________________________

i Delaware

i 001-08610

i 43-1301883

(State or Other Jurisdiction
of Incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

i 208 S. Akard St., i Dallas, i Texas

(Address of Principal Executive Offices)

i 75202

(Zip Code)

Registrant’s telephone number, including area code ( i 210) i 821-4105

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):


i ☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i ☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b))
i ☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities Registered Pursuant to Section 12(b) of the Act

Title of each class

Trading
Symbol(s)

Name of each exchange
on which registered

i Common Shares (Par Value $1.00 Per Share)

i T

i New York Stock Exchange

i Depositary Shares, each representing a 1/1000th interest in a share of 5.000% Perpetual Preferred Stock, Series A

i T PRA

i New York Stock Exchange

i Depositary Shares, each representing a 1/1000th interest in a share of 4.750% Perpetual Preferred Stock, Series C

i T PRC

i New York Stock Exchange

i AT&T Inc. 2.650% Global Notes due December 17, 2021

i T 21B

i New York Stock Exchange

i AT&T Inc. 1.450% Global Notes due June 1, 2022

i T 22B

i New York Stock Exchange

i AT&T Inc. 2.500% Global Notes due March 15, 2023

i T 23

i New York Stock Exchange

i AT&T Inc. 2.750% Global Notes due May 19, 2023

i T 23C

i New York Stock Exchange

Title of each class

Trading

Symbol(s)

Name of each exchange

on which registered

i AT&T Inc. Floating Rate Global Notes due September 5, 2023

i T 23D

i New York Stock Exchange

i AT&T Inc. 1.050% Global Notes due September 5, 2023

i T 23E

i New York Stock Exchange

i AT&T Inc. 1.300% Global Notes due September 5, 2023

i T 23A

i New York Stock Exchange

i AT&T Inc. 1.950% Global Notes due September 15, 2023

i T 23F

i New York Stock Exchange

i AT&T Inc. 2.400% Global Notes due March 15, 2024

i T 24A

i New York Stock Exchange

i AT&T Inc. 3.500% Global Notes due December 17, 2025

i T 25

i New York Stock Exchange

i AT&T Inc. 0.250% Global Notes due March 4, 2026

i T 26E

i New York Stock Exchange

i AT&T Inc. 1.800% Global Notes due September 5, 2026

i T 26D

i New York Stock Exchange

i AT&T Inc. 2.900% Global Notes due December 4, 2026

i T 26A

i New York Stock Exchange

i AT&T Inc. 1.600% Global Notes due May 19, 2028

i T 28C

i New York Stock Exchange

i AT&T Inc. 2.350% Global Notes due September 5, 2029

i T 29D

i New York Stock Exchange

i AT&T Inc. 4.375% Global Notes due September 14, 2029

i T 29B

i New York Stock Exchange

i AT&T Inc. 2.600% Global Notes due December 17, 2029

i T 29A

i New York Stock Exchange

i AT&T Inc. 0.800% Global Notes due March 4, 2030

i T 30B

i New York Stock Exchange

i AT&T Inc. 2.050% Global Notes due May 19, 2032

i T 32A

i New York Stock Exchange

i AT&T Inc. 3.550% Global Notes due December 17, 2032

i T 32

i New York Stock Exchange

i AT&T Inc. 5.200% Global Notes due November 18, 2033

i T 33

i New York Stock Exchange

i AT&T Inc. 3.375% Global Notes due March 15, 2034

i T 34

i New York Stock Exchange

i AT&T Inc. 2.450% Global Notes due March 15, 2035

i T 35

i New York Stock Exchange

i AT&T Inc. 3.150% Global Notes due September 4, 2036

i T 36A

i New York Stock Exchange

i AT&T Inc. 2.600% Global Notes due May 19, 2038

i T 38C

i New York Stock Exchange

i AT&T Inc. 1.800% Global Notes due September 14, 2039

i T 39B

i New York Stock Exchange

i AT&T Inc. 7.000% Global Notes due April 30, 2040

i T 40

i New York Stock Exchange

i AT&T Inc. 4.250% Global Notes due June 1, 2043

i T 43

i New York Stock Exchange

i AT&T Inc. 4.875% Global Notes due June 1, 2044

i T 44

i New York Stock Exchange

i AT&T Inc. 4.000% Global Notes due June 1, 2049

i T 49A

i New York Stock Exchange

i AT&T Inc. 4.250% Global Notes due March 1, 2050

i T 50

i New York Stock Exchange

i AT&T Inc. 3.750% Global Notes due September 1, 2050

i T 50A

i New York Stock Exchange

i AT&T Inc. 5.350% Global Notes due November 1, 2066

i TBB

i New York Stock Exchange

i AT&T Inc. 5.625% Global Notes due August 1, 2067

i TBC

i New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company i ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

Throughout this document, AT&T Inc. is referred to as “we” or “AT&T.” AT&T is a holding company whose subsidiaries and affiliates operate worldwide in the telecommunications, media and technology industries.

For the quarter ended March 31, 2021, due in part to our recent resizing and restructuring of operations, we anticipate total distributions from the pension plan will exceed the threshold of service and interest costs for 2021, requiring us to follow settlement accounting and remeasure our pension benefit obligation at each quarter-end in 2021. For the quarter ended March 31, 2021, we expect to record a non-cash pre-tax actuarial gain of approximately $2.8 billion, which is primarily due to an increase in the discount rate used to measure the obligation. We recognize actuarial gains and losses on pension and postretirement plan assets and obligations in our consolidated results as a component of other income (expense). This gain will be included in our reported results but excluded in adjusted earnings, consistent with our historical practice for actuarial gains and losses.

For the quarter ended March 31, 2021, our segment reporting will be updated as follows:

Communications segment results will be recast to remove the Video and Government Solutions held-for-sale businesses, instead reporting those results in Corporate and Other. Further updates include the following:

•Business Wireline business unit – Consistent with the way we will be managing the unit going forward, we will characterize revenues of Business Wireline as either “service” or “equipment” revenues. Accordingly, we have recast prior year revenues to conform to this presentation.

•Consumer Wireline business unit (formerly Broadband) – The Consumer Wireline and Video Businesses have historically been operated as a single business unit, which included our U-verse products that provide both video and broadband services to customers and run on a shared network infrastructure. With our 2020 annual report and fourth quarter earnings’ materials, we provided an estimate of the allocation of historical costs between those businesses. In conjunction with finalizing the deal terms of our previously announced Video transaction with TPG, we have refined these allocations, specifically shared infrastructure and deferred customer acquisition costs, to reflect how the businesses are being managed today. This recast will result in a reduction of Consumer Wireline operating income by approximately $100 million per quarter in 2020 with a corresponding increase to Video historical results.

WarnerMedia segment results will reflect our operation of WarnerMedia as one integrated organization, and as such, will report operating contribution at the segment level. Additionally, we will provide revenue and direct costs for the following areas:

•Basic Networks – comprised of the Turner business, including news and sports programming (formerly Turner business unit)

•Direct-to-Consumer (DTC) – Global HBO Max, HBO (formerly Home Box Office business unit including Cinemax)

•Theatrical, TV Content and Games Licensing – consisting of Warner Bros. (formerly Warner Bros. business unit)

With our first-quarter 2021 reporting, we will also provide additional HBO subscriber reporting.

As a convenience to investors who may want to consider the effects of these segment reporting updates on our historical results, including HBO subscriber reporting, we are providing quarterly segment results for 2019 and 2020 to reflect the changes described above in Exhibit 99.1 hereto.

CAUTIONARY LANGUAGE CONCERNING FORWARD-LOOKING STATEMENTS

Information set forth in this filing contains financial estimates and other forward-looking statements that are subject to risks and uncertainties. A discussion of factors that may affect future results is contained in AT&T’s filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update or revise statements contained in this filing based on new information or otherwise

Item 9.01 Financial Statements and Exhibits.

The following exhibits are furnished as part of this report:


(d)	Exhibits

	99.1	AT&T Inc. Selected Quarterly Historical Segment Results
	104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


			AT&T INC.



Date: April 9, 2021			By: /s/ Debra L. Dial . Debra L. Dial Senior Vice President and Controller

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

	9/4/36
	3/15/35
	3/15/34
	11/18/33
	12/17/32
	5/19/32
	3/4/30
	12/17/29
	9/14/29
	9/5/29
	5/19/28
	12/4/26
	9/5/26
	3/4/26
	12/17/25
	3/15/24
	9/15/23
	9/5/23
	5/19/23
	3/15/23
	6/1/22	25-NSE
	12/17/21	25-NSE
Filed on / For Period end:	4/9/21
	3/31/21	10-Q, 4
		List all Filings

8 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/25/22  WarnerMedia Holdings, Inc.        S-4/A       1/24/22    5:6.1M                                   Donnelley … Solutions/FA
 1/24/22  Warner Bros. Discovery, Inc.      S-4/A                  7:6.3M                                   Donnelley … Solutions/FA
12/29/21  Warner Bros. Discovery, Inc.      S-4/A                  4:6.2M                                   Donnelley … Solutions/FA
12/29/21  WarnerMedia Holdings, Inc.        S-4/A                  4:6.1M                                   Donnelley … Solutions/FA
11/18/21  Warner Bros. Discovery, Inc.      S-4                    8:5.8M                                   Donnelley … Solutions/FA
11/18/21  WarnerMedia Holdings, Inc.        S-4                   13:6M                                     Donnelley … Solutions/FA
 8/04/21  AT&T Inc.                         424B3                  1:350K                                   Donnelley … Solutions/FA
 7/22/21  AT&T Inc.                         S-4                   11:8M                                     Donnelley … Solutions/FA

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Filing Submission 0000732717-21-000015 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

AT&T Inc. – ‘8-K’ for 4/9/21

On: Friday, 4/9/21, at 6:45am ET · For: 4/9/21 · Accession #: 732717-21-15 · File #: 1-08610

Current Report — Form 8-KFiling Table of Contents

‘8-K’ — Current Report

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

8 Subsequent Filings that Reference this Filing

Current Report — Form 8-K
Filing Table of Contents