美国电话电报公司AT&ampT（T）年年度报告「NYSE」（英文版）（117页）.pdf

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1、2023 Annual ReportF1181donD1R3.indd 1-3F1181donD1R3.indd 1-33/5/24 8:26AM3/5/24 8:26AMTo our shareowners2023 was another year of strong,consistent performance that bolsters confidence in our strategy to be the best connectivity provider through 5G and fiber.Oursimple and consistent go-to-market appr

2、oach continues to resonate with customers,enabling sustainable growth and strong cash conversion.F1181donD1R3.indd 4-6F1181donD1R3.indd 4-6020203030101We grew durable 5G and fiber relationships,attracting high-value customers and delivering expert service.More customers arechoosing AT&T and staying

3、with AT&T.Our deliberate capital allocation strategy supported another year of historic 5G and fiber investment levels while putting us on track to achieve our 2.5x net debt-to-adjusted EBITDA target in the first half of 2025.1 With a continued focus on effective and efficient operations,we achieved

4、 our 3-year,$6 billion-plus run-rate cost transformation target ahead of schedule and are making progress on an incremental$2billion-plus intargeted savings by mid-2026.In 2023,we delivered on our long-term growth strategy in 3 important ways:AT&T Inc.|2023 Annual Report 01F1181donD2R3.indd 1F1181do

5、nD2R3.indd 13/5/24 8:21AM3/5/24 8:21AMOperating with consistency and simplicityOver the past 3 years,AT&T has consistently communicated and executed an investment-led strategy built on one fundamental principle:Customers increasingly value convergedservices.They want a single provider who can suppor

6、t their connectivity needs both at home and on the go,delivering a seamless experience that allows them to connect to what they love from anywhere.We are making the right moves to deliver high-performance,converged networking at a scale and breadth second to none in the United States.With North Amer