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1、AT&T Inc.2022 Annual Report Connecting changes everythingAT&T Inc.2022 Annual ReportOur purpose Connecting people to greater possibility with expertise,simplicity and inspiration.1To our shareholders 2022 was a year of major change for AT&T,and we are proud to have ended the year in a stronger posit

2、ion.The realities of our industry,changing consumer expectations and an evolving macroeconomic environment dictated our need for a simplified operating model and sharp execution.Thats why we made the structural moves we did to reposition our company,including successfully completing the separation o

3、f WarnerMedia.We have confidence there is a bright future for an AT&T that delivers the best in connectivity.Connectivity is ingrained in our legacy going back nearly 150 years.We have the assets,talent and experience to connect people to greater possibility with simplicity,expertise and inspiration

4、.In 2022,we worked to fulfill this purpose in 3 ways:1.We grew customer relationships at a near record-setting pace,taking full advantage of all-time-high levels of demand for strong,reliable connectivity.2.We were effective and efficient in our operations,reaching more than$5 billion of our 3-year,

5、$6 billion-plus run-rate cost transformation target.3.Our deliberate capital allocation strategy enabled us to invest in 5G and fiber at historic levels,reduce our net debt by about$24 billion and set up a structure we believe will drive better returns for you,our shareholders.1 This includes contin

6、uing to provide an attractive dividend.Consistency in operational excellence Describing our go-to-market strategy is as simple as the strategy itself.Be consistent with our offers to our customers,and make it easy for them to do business with us.WirelessIn U.S.wireless,we attracted nearly 2.9 millio