AT&T Generates $4.7 Billion in Spare Cash for the Quarter

AT&T made $4.7 billion in spare cash last quarter after paying its bills — money a company can use to pay debt or reward shareholders. That beat its own April prediction of $4.0–4.5 billion. So far this year it has $7.2 billion toward an $18 billion goal. It also owes $138.4 billion.