AT&T Inc. (T) — Cash Flow Reinvestment Rate
Latest as of March 2026:
0.65x
AT&T Inc. (T) has a Cash Flow Reinvestment Rate of 0.65x as of March 2026, reinvesting $4.88 Billion (capex $4.88 Billion ) from operating cash flow of $7.56 Billion. Explore AT&T Inc. capital spending ratio to see what proportion of operating cash flow is directed to capital expenditures.
Reinvestment Rate
0.65x
(Capex + Investments) / Operating CF
Total Reinvested
$4.88 Billion
Capex + Investments
Operating Cash Flow
$7.56 Billion
USD
Capital Expenditures
$4.88 Billion
USD
AT&T Inc. Cash Flow Reinvestment Rate (1989–2025)
Historical reinvestment intensity for AT&T Inc. across 37 annual periods. Also explore how large is AT&T Inc.'s balance sheet for the complete picture of this company's asset base.
Annual Cash Flow Reinvestment Rate for AT&T Inc. (1989–2025)
Year-by-year capital reinvestment analysis for AT&T Inc.. For live market cap and broader valuation context, see AT&T Inc. market cap and net worth.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.52x | $21.02 Billion | $40.28 Billion | $20.84 Billion | ▼ -46.4% |
| 2024 | 0.97x | $37.75 Billion | $38.77 Billion | $20.26 Billion | ▼ -0.5% |
| 2023 | 0.98x | $37.51 Billion | $38.31 Billion | $17.85 Billion | ▼ -31.0% |
| 2022 | 1.42x | $45.43 Billion | $32.02 Billion | $19.63 Billion | ▲ +233.5% |
| 2021 | 0.43x | $17.85 Billion | $41.96 Billion | $16.53 Billion | ▲ +13.5% |
| 2020 | 0.37x | $16.17 Billion | $43.13 Billion | $15.68 Billion | ▼ -7.2% |
| 2019 | 0.40x | $19.67 Billion | $48.67 Billion | $19.43 Billion | ▼ -15.8% |
| 2018 | 0.48x | $20.94 Billion | $43.60 Billion | $20.76 Billion | ▼ -15.3% |
| 2017 | 0.57x | $21.55 Billion | $38.01 Billion | $20.65 Billion | ▲ +1.9% |
| 2016 | 0.56x | $21.90 Billion | $39.34 Billion | $21.52 Billion | ▲ +0.0% |
| 2015 | 0.56x | $19.97 Billion | $35.88 Billion | $19.22 Billion | ▼ -25.2% |
| 2014 | 0.74x | $23.32 Billion | $31.34 Billion | $21.20 Billion | ▲ +23.5% |
| 2013 | 0.60x | $20.96 Billion | $34.80 Billion | $20.94 Billion | ▲ +20.0% |
| 2012 | 0.50x | $19.66 Billion | $39.18 Billion | $19.46 Billion | ▼ -13.5% |
| 2011 | 0.58x | $20.11 Billion | $34.65 Billion | $20.11 Billion | ▲ +3.5% |
| 2010 | 0.56x | $19.63 Billion | $34.99 Billion | $19.53 Billion | ▲ +16.4% |
| 2009 | 0.48x | $16.59 Billion | $34.45 Billion | $16.59 Billion | ▼ -17.6% |
| 2008 | 0.58x | $19.68 Billion | $33.66 Billion | $19.68 Billion | ▲ +12.4% |
| 2007 | 0.52x | $17.72 Billion | $34.07 Billion | $17.72 Billion | ▼ -2.4% |
| 2006 | 0.53x | $8.32 Billion | $15.62 Billion | $8.32 Billion | ▲ +24.0% |
| 2005 | 0.43x | $5.58 Billion | $12.97 Billion | $5.58 Billion | ▼ -7.7% |
| 2004 | 0.47x | $5.10 Billion | $10.96 Billion | $5.10 Billion | ▲ +20.5% |
| 2003 | 0.39x | $5.22 Billion | $13.52 Billion | $5.22 Billion | ▼ -13.7% |
| 2002 | 0.45x | $6.81 Billion | $15.21 Billion | $6.81 Billion | ▼ -40.8% |
| 2001 | 0.76x | $11.19 Billion | $14.80 Billion | $11.19 Billion | ▼ -17.7% |
| 2000 | 0.92x | $13.12 Billion | $14.30 Billion | $13.12 Billion | ▲ +47.7% |
| 1999 | 0.62x | $10.30 Billion | $16.58 Billion | $10.30 Billion | ▼ -12.1% |
| 1998 | 0.71x | $5.93 Billion | $8.38 Billion | $5.93 Billion | ▼ -14.5% |
| 1997 | 0.83x | $5.77 Billion | $6.97 Billion | $5.77 Billion | ▲ +31.8% |
| 1996 | 0.63x | $3.03 Billion | $4.82 Billion | $3.03 Billion | ▲ +8.0% |
| 1995 | 0.58x | $2.34 Billion | $4.02 Billion | $2.34 Billion | ▼ -2.0% |
| 1994 | 0.59x | $2.35 Billion | $3.97 Billion | $2.35 Billion | ▼ -8.2% |
| 1993 | 0.65x | $2.22 Billion | $3.44 Billion | $2.22 Billion | ▲ +8.8% |
| 1992 | 0.59x | $2.14 Billion | $3.61 Billion | $2.14 Billion | ▼ -6.0% |
| 1991 | 0.63x | $1.83 Billion | $2.89 Billion | $1.83 Billion | ▼ -5.2% |
| 1990 | 0.67x | $1.78 Billion | $2.67 Billion | $1.78 Billion | ▲ +24.1% |
| 1989 | 0.54x | $1.48 Billion | $2.77 Billion | $1.48 Billion | — |
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow