AT&T Expects Its Multi-year Strategic Plan To Provide $50B+ Of Financial Capacity Over Next Three Years, Largely Through Organic Growth
AT&T Expects Its Multi-year Strategic Plan To Provide $50B+ Of Financial Capacity Over Next Three Years, Largely Through Organic Growth
The Company expects to return $40 billion+ of this financial capacity to shareholders through dividends and share repurchases. Under this capital return plan, the Company expects to maintain its current annualized common stock dividend of $1.11 per share. This plan would result in $20 billion+ in total dividend payments, with capacity for about $20 billion in share repurchases, from 2025-2027.As discussed during the Company's 2024 Analyst & Investor Day, it expects 2025 Free Cash Flow of $16 billion+, when excluding DIRECTV.
正如在公司2024年分析師和投資者日活動中討論的那樣，預計2025年的自由現金流超過160億美元，排除DIRECTV的影響。
The expected drivers of next year's free cash flow growth include Adjusted EBITDA growth, lower cash interest from lower debt balances, the absence of network termination fee payments in 2025 and lower working capital impacts in 2025 compared to 2024. These items are expected to more than offset an expected increase in cash taxes.
預計明年自由現金流增長的驅動因素包括調整後的EBITDA增長、因降低債務餘額而帶來的現金利息減少、2025年沒有網絡終止費用的支付，以及與2024年相比，2025年較低的營運資金影響。這些因素預計將彌補預期中現金稅的增加。
The Company continues to expect to achieve its net leverage target of net-debt-to-adjusted EBITDA in the 2.5x range in the first half of 2025 and maintain leverage within this range through 2027.
公司繼續預計將在2025年上半年實現淨負債與調整後EBITDA的淨槓桿目標，即2.5倍區間，並在2027年之前保持在該範圍內。
The Company expects to return $40 billion+ of this financial capacity to shareholders through dividends and share repurchases. Under this capital return plan, the Company expects to maintain its current annualized common stock dividend of $1.11 per share. This plan would result in $20 billion+ in total dividend payments, with capacity for about $20 billion in share repurchases, from 2025-2027.
公司預計通過股息和股票回購向股東返還這部分財務能力中的400億美元以上。在這項資本返還計劃下，公司預計保持每股1.11美元的年度普通股股息不變。該計劃將導致2025-2027年間總計200億美元以上的股息支付，並擁有大約200億美元的股票回購能力。
譯文內容由第三人軟體翻譯。