Earnings Call Excerpt
AT&T Inc. (T)
Q4 2005 Earnings Conference Call
January 26th 2006, 10:00 AM.
Executives:
Rich Dietz, SVP IR
Rick Lindner, CFO, Principal Accounting Officer, SVP
Analysts:
Mike McCormack, Bear Stearns & Co
John Hodulik, UBS Warburg
Simon Flannery, Morgan Stanley Dean Witter
Jason Armstrong, Goldman Sachs
David Barden, Banc of America Securities
Christopher Larsen, Prudential Equity Group, LLC
Blake Bath, Lehman Brothers
Presentation
Operator
Good morning, ladies and gentlemen, and welcome to the AT&T Fourth Quarter Earnings Release for 2005 Conference Call. At this time all participants are in a listen-only mode. Later we will conduct a question-and-answer session. Please note this conference is being recorded.
I would now like to turn the call over to Mr. Rich Dietz, Senior Vice President of Investor Relations. Mr. Dietz, you may begin.
Rich Dietz, SVP IR
Thank you, Marie and good morning to everyone. This morning and with me on the call today is Rick Lindner, our Chief Financial Officer. We're delighted to have you with us for the first quarterly earnings conference call for the new AT&T.
To get us started, let me cover a few items. First, we will speak to a set of presentation slides that are available on the Investor Relations page of our web site, that's sbc.com/att.investor.relations. Our earnings release, investor briefing, and supplementary information were all issued earlier today, and they are all available on that same site.
Second, I need to cover our Safe Harbor statement and remind you that information set forth in this presentation contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ material. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this presentation, based on new information or otherwise. This presentation may contain certain non-GAAP financial measures, reconciliations between the non-GAAP financial measures, and the GAAP financial measures are available on the company's Web site. On slide four, provides additional information about our fourth quarter results.
As you know, SBC Communications acquired AT&T Corp. midway through the quarter. And at that time, we adopted the name AT&T Inc. In accordance with purchase accounting rules, our reported financials include AT&T Corp. results starting from the transaction's close on November 18. To provide consistency, we have done two things. As we finalize new segments, we have kept SBC's previous financial segments, and we show AT&T Corp. results as a separate segment for the period after transaction close through December 31. In this transactional quarter, to help investors see continuing trends in the AT&T Corp. business, we also show full-quarter pro forma revenue results which were filed with the SEC earlier today, and which are available on the investor page of our Web site, under the heading Financial and Operating Results.
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