SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report: June 4, 2003
AT&T CORP.
(Exact Name of Registrant as Specified in Charter)
New York
(State or Other Jurisdiction of Incorporation)
1-1105 13-4924710
(Commission File Number) (IRS Employer Identification No.)
One AT&T Way
Bedminster, New Jersey 07921
(Address of Principal Executive (Zip Code)
Offices)
Registrant's telephone number, including area code: (908) 221-2000
Not Applicable
(Former Name or Former Address, If Changed Since Last Report)
A New York Commission File I.R.S. Employer
Corporation No. 1-1105 No. 13-4924710
Form 8-K AT&T Corp.
June 4, 2003
ITEM 9. REGULATION FD DISCLOSURE.
What are we disclosing?
On June 4, 2003, David W. Dorman, our Chairman and Chief Executive Officer,
disclosed at the Sanford Bernstein Strategic Decisions Conference that our Free
cash flow for the quarter ended March 31, 2003 was $1.4 billion. By Free cash
flow we mean Net cash provided by operating activities of continuing operations
(which we reported as $2,216 million in our Consolidated Statement of Cash Flow
included in Form 10-Q for the quarter ended March 31, 2003) minus cash paid for
Capital expenditures and other additions (which we reported as $859 million in
our Consolidated Statement of Cash Flow included in Form 10-Q for the quarter
ended March 31, 2003). Mr. Dorman also stated that our Operating margin for the
twelve-month period ended March 31, 2003 was 13.2%. This operating margin
excludes a $1,029 million charge recorded in the fourth quarter of 2002 relating
to AT&T Latin America. Operating margin is calculated as operating income for
the twelve month period ($4,922 million which excludes the AT&T Latin America
charge), as a percentage of Revenue for the twelve month period ($37,265
million). Without the adjustment for the AT&T Latin America charge, our
Operating margin for the twelve-month period ended March 31, 2003 was 10.4%. Our
senior management believes that these financial measures are relevant in
assessing our liquidity and financial performance.
This information furnished under "Item 9. Regulation FD Disclosure" is intended
to be furnished under "Item 12. Results of Operations and Financial Condition"
in accordance with SEC Release No. 33-8216.
The information in this Form 8-K shall not be deemed "filed" for purposes of
Section 18 of the Securities Act of 1934, nor shall it be deemed incorporated by
reference in any filing under the Securities Act of 1933, except as shall be
expressly set forth by specific reference in such filing
Form 8-K AT&T Corp.
June 4, 2003
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AT&T CORP.
/s/ Robert S. Feit
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By: Robert S. Feit
Vice President - Law and Secretary
June 5, 2003