Thursday, October 23, 2014

AT&T Looks to the Future and Beyond!

Anders Bylund of The Motley Fool recently noted that AT&T invests more money in future growth drivers than any other American technology business. “Over the last four reported quarters, AT&T showed $23.2 billion of capital expenses according to Capital IQ data. That’s nearly $6 billion ahead of telecom rival and No. 2 spender Verizon Communications. In fact, Intel, well known for investing heavily, came in third-place,” Bylund explained.  AT&T does have $114 billion worth of operating assets; however, the company doesn’t separate growth and maintenance capital expenses in its financial reports. “Backing out AT&T’s depreciation from its trailing capital expenses, then, leaves about $7.5 billion of growth-focused spending.  Continue reading here

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