AT&T, Inc. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company reported operating revenues of $33,163 million against $32,578 million for the same period a year ago. Operating income was $12,238 million against operating loss of $5,958 million for the same period a year ago. Income before income taxes was $11,153 million against loss before income taxes of $6,551 million for the same period a year ago. Net income attributable to the company was $6,913 million against net loss attributable to the company of $3,857 million for the same period a year ago. Basic and diluted earnings per share attributable to the company were $1.31 against basic and diluted loss per share attributable to the company of $0.68 for the same period a year ago. Net cash provided by operating activities was $7,917 million against $10,520 million for the same period a year ago. Adjusted operating revenues were $33,163 million against $32,605 million for the same period a year ago. Adjusted operating income was $5,155 million against $4,212 million for the same period a year ago. Adjusted diluted EPS was $0.53 against $0.44 for the same period a year ago. EBITDA was $16,918 million. Consolidated Adjusted EBITDA was $9,334 million. Net debt balance was $71,449 million.

For the year, the company reported operating revenues of $128,752 million against $127,434 million for the same period a year ago. Operating income was $30,479 million against $12,997 million for the same period a year ago. Income before income taxes was $27,777 million against $10,439 million for the same period a year ago. Net income attributable to the company was $18,249 million against $7,264 million for the same period a year ago. Basic and diluted earnings per share attributable to the company were $3.39 against $1.25 for the same period a year ago. Net cash provided by operating activities was $34,796 million against $39,176 million for the same period a year ago. Capital expenditure was $20,944 million against $19,465 million for the same period a year ago. Adjusted operating revenues were $128,752 million against $126,412 million for the same period a year ago. Adjusted operating income was $23,167 million against $22,997 million for the same period a year ago. Adjusted diluted EPS was $2.50 against $2.31 for the same period a year ago.

For 2014, the company expects continued consolidated revenue growth in the 2% to 3% range, including strength in wireless service and wireline consumer revenues. The company also expects stable consolidated margins with continued improvement in wireless margins helping offset Project VIP pressure in wireline. Adjusted earnings per share growth are expected to be in the mid-single digit range excluding any impact from future share buybacks. The company expects capital expenditures in the $21 billion range. Free cash flow is expected to be in the $11 billion range.