Thursday, May 10, 2018

The 5 Largest US Phone Communications Corps, Including the Leader AT&T, Both Posted March 2018 Quarter Pretax Income Increases of 14% and After-Tax Net Income Increases of a Substantially Higher 33% ........................................................................................ The Way I See It, AT&T Pays Donald Trump's Personal Lawyer Michael Cohen $600,000 and AT&T Gets a $20.3 Bil US Federal Income Tax Debt Forgiveness in Dec 2017 Thereby Increasing AT&T's Dec 2017 Quarter Earnings By $20.3 Bil and AT&T Also Gets a Precipitous Effective Income Tax Rate Drop From 33.5% in the March 2017 Quarter Down to 22.5% in the March 2018 Quarter and All of These Tax Gratuities Are Funded By US Taxpayers ........................................................................................ Also, AT&T Chairman and CEO Randall Stephenson is Also Chairman of the Very Influential US Business Round Table and US CEOs on This Business Round Table Are OK With Stephenson's Actions Here? What Does That Say For US CEOs? ........................................................................................ Further, From Its 10-Ks Filed With the SEC, 10 Years Ago AT&T Had 310,00 Employees ..... It Now Has 252,000 ..... On the Other Hand, AT&T Made a Profit of $12.147 Bil Ten Years Ago in 2007 and a Profit of $29.847 Bil in 2017 ..... Thus in the Past 10 Years, AT&T's Profit is Up $17.6 Bil and Its Number of Employees Are Down By 58,000 ........................................................................................ In Addition, From AT&T's 2018 Proxy Statement Filed With the SEC, Stephenson's Total 2017 Compensation Was $28,720,720 as Compared With Median ATT Employee 2017 Total Compensation of $78,437 For a Ratio of 366:1 ........................................................................................ There Has to be Consequences to AT&T For This, Such As a Mass Consumer Boycott of AT&T Services

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March 2018 and 2017 Quarters for all US Phone Communications Corps with stock market caps above $10 Bil on April 30, 2018 and which have released their March 2018 earnings by May 10, 2018.

 US GAAP   US GAAP   US GAAP   US GAAP 
 US GAAP   US GAAP   Effective   Effective  Pretax Net
 US GAAP   Income   US GAAP   US GAAP   Income   US GAAP   Income   Income  Income Income
Pretax Tax Net Pretax Tax Net Tax Tax % Change % Change
Income Expense Income Income Expense Income Rate Rate March Qtr March Qtr
US Phone Communications March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr March Qtr 2018 2018
Market Caps Above $10 Bil 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
AT&T         6,141         1,382         4,759         5,378         1,804         3,574 22.5% 33.5% 14% 33%
Verizon Communications         6,054         1,388         4,666         5,182         1,629         3,553 22.9% 31.4% 17% 31%
T-Mobile US            881            210            671            607             (91)            698 23.8% -15.0% 45% -4%
CenturyLink            236            121            115            307            144            163 51.3% 46.9% -23% -29%
Sprint Corp           (349)           (412)              63           (134)            149           (283) 118.1% NM -160% 122%
Total all 5       12,963         2,689       10,274       11,340         3,635         7,705 20.7% 32.1% 14% 33%