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9 - AT&T

HTYWH8 Miami Beach Florida AT&T Store store wireless services retail inside interior showroom smartphone tablet virtual reality Galaxy S7 Edge RosaIreneBetancourt/Alamy Stock Photo

The telecommunications giant improved its revenues in 2016 and posted a record $39.3 billion in cash from operations as it invested heavily in the wireless, fiber, and Internet Protocol networks that make up its business. It started the year integrating its 2015 acquisition of DirecTV and ended it by announcing an even larger deal for media stalwart Time Warner. Along the way the company added 6.2 million wireless subscribers in the highly competitive U.S. market and expanded its lucrative business services portfolio. AT&T was founded in 1983 and is based in Dallas.

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Key Metrics & Financials (Last Fiscal Year)

Revenues ($M)$163786
Revenue Percent Change11.6%
Profits ($M)$12,976.0
Profits Percent Change-2.8%
Assets ($M)$403821
Market Value — as of March 31, 2017 ($M)$255,679
Employees268,540
Previous Rank10

Company Facts

Employees268,540
SectorTelecommunications
IndustryTelecommunications
HQ LocationDallas, TX
CEORandall L. Stephenson
CEO Title-
Websitewww.att.com
Years on Fortune 500 List23

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