10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2021 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Revenues | $ 80,118 | 68,397 | 44,998 |
| Operating expenses | |||
| Selling, general and administrative | 20,238 | 18,926 | 14,139 |
| Impairment expense | 0 | 418 | 0 |
| Depreciation and amortization | 16,383 | 14,151 | 6,616 |
| Total operating expenses | 73,226 | 61,761 | 39,276 |
| Operating income | 6,892 | 6,636 | 5,722 |
| Other income (expense) | |||
| Interest expense | (3,189) | (2,483) | (727) |
| Interest expense to affiliates | (173) | (247) | (408) |
| Interest income | 20 | 29 | 24 |
| Other expense, net | (199) | (405) | (8) |
| Total other expense, net | (3,541) | (3,106) | (1,119) |
| Income from continuing operations before income taxes | 3,351 | 3,530 | 4,603 |
| Income tax expense | (327) | (786) | (1,135) |
| Income from continuing operations | 3,024 | 2,744 | 3,468 |
| Income from discontinued operations, net of tax | 0 | 320 | 0 |
| Net income | 3,024 | 3,064 | 3,468 |
| Other comprehensive income (loss), net of tax | |||
| Unrealized gain (loss) on cash flow hedges, net of tax effect of $49, $(250) and $(187) | 140 | (723) | (536) |
| Unrealized (loss) gain on foreign currency translation adjustment, net of tax effect of $0, $1 and $0 | (4) | 4 | 0 |
| Net unrecognized gain on pension and other postretirement benefits, net of tax effect of $28, $2 and $0 | 80 | 6 | 0 |
| Other comprehensive income (loss) | 216 | (713) | (536) |
| Total comprehensive income | 3,240 | 2,351 | 2,932 |
| Earnings per share | |||
| Basic earnings per share: | |||
| Continuing operations (in USD per share) | 2.42 | 2.40 | 4.06 |
| Discontinued operations (in USD per share) | 0.00 | 0.28 | 0.00 |
| Basic (in USD per share) | 2.42 | 2.68 | 4.06 |
| Diluted earnings per share: | |||
| Continuing operations (in USD per share) | 2.41 | 2.37 | 4.02 |
| Discontinued operations (in USD per share) | 0.00 | 0.28 | 0.00 |
| Diluted (in USD per share) | 2.41 | 2.65 | 4.02 |
| Weighted-average shares outstanding | |||
| Basic (in shares) | 1,247,154,988 | 1,144,206,326 | 854,143,751 |
| Diluted (in shares) | 1,254,769,926 | 1,154,749,428 | 863,433,511 |
| Product and Service | |||
| Service | |||
| Revenues | 58,369 | 50,395 | 34,500 |
| Cost of services and equipment sales | 13,934 | 11,878 | 6,622 |
| Postpaid revenues | |||
| Revenues | 42,562 | 36,306 | 22,673 |
| Prepaid revenues | |||
| Revenues | 9,733 | 9,421 | 9,543 |
| Wholesale revenues | |||
| Revenues | 3,751 | 2,590 | 1,279 |
| Other service revenues | |||
| Revenues | 2,323 | 2,078 | 1,005 |
| Equipment | |||
| Revenues | 20,727 | 17,312 | 9,840 |
| Cost of services and equipment sales | 22,671 | 16,388 | 11,899 |
| Other revenues | |||
| Revenues | 1,022 | 690 | 658 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2021 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Operating activities | |||
| Net income | $ 3,024 | 3,064 | 3,468 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 16,383 | 14,151 | 6,616 |
| Stock-based compensation expense | 540 | 694 | 495 |
| Deferred income tax expense | 197 | 822 | 1,091 |
| Bad debt expense | 452 | 602 | 307 |
| Losses from sales of receivables | 15 | 36 | 130 |
| Losses on redemption of debt | 184 | 371 | 19 |
| Impairment expense | 0 | 418 | 0 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (3,225) | (3,273) | (3,709) |
| Equipment installment plan receivables | (3,141) | (1,453) | (1,015) |
| Inventories | 201 | (2,222) | (617) |
| Operating lease right-of-use assets | 4,964 | 3,465 | 1,896 |
| Other current and long-term assets | (573) | (402) | (144) |
| Accounts payable and accrued liabilities | 549 | (2,123) | 17 |
| Short- and long-term operating lease liabilities | (5,358) | (3,699) | (2,131) |
| Other current and long-term liabilities | (531) | (2,178) | 144 |
| Other, net | 236 | 367 | 257 |
| Net cash provided by operating activities | 13,917 | 8,640 | 6,824 |
| Investing activities | |||
| Purchases of property and equipment, including capitalized interest of ($210), ($440) and ($473) | (12,326) | (11,034) | (6,391) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (9,366) | (1,333) | (967) |
| Proceeds from sales of tower sites | 40 | 0 | 38 |
| Proceeds related to beneficial interests in securitization transactions | 4,131 | 3,134 | 3,876 |
| Net cash related to derivative contracts under collateral exchange arrangements | 0 | 632 | (632) |
| Acquisition of companies, net of cash and restricted cash acquired | (1,916) | (5,000) | (31) |
| Proceeds from the divestiture of prepaid business | 0 | 1,224 | 0 |
| Other, net | 51 | (338) | (18) |
| Net cash used in investing activities | (19,386) | (12,715) | (4,125) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 14,727 | 35,337 | 0 |
| Payments of consent fees related to long-term debt | 0 | (109) | 0 |
| Proceeds from borrowing on revolving credit facility | 0 | 0 | 2,340 |
| Repayments of revolving credit facility | 0 | 0 | (2,340) |
| Repayments of financing lease obligations | (1,111) | (1,021) | (798) |
| Repayments of short-term debt for purchases of inventory, property and equipment and other financial liabilities | (184) | (481) | (775) |
| Repayments of long-term debt | (11,100) | (20,416) | (600) |
| Issuance of common stock | 0 | 19,840 | 0 |
| Repurchases of common stock | 0 | (19,536) | 0 |
| Proceeds from issuance of short-term debt | 0 | 18,743 | 0 |
| Repayments of short-term debt | 0 | (18,929) | 0 |
| Tax withholdings on share-based awards | (316) | (439) | (156) |
| Cash payments for debt prepayment or debt extinguishment costs | (116) | (82) | (28) |
| Other, net | (191) | 103 | (17) |
| Net cash provided by (used in) financing activities | 1,709 | 13,010 | (2,374) |
| Change in cash and cash equivalents, including restricted cash | (3,760) | 8,935 | 325 |
| Cash and cash equivalents, including restricted cash | |||
| Beginning of period | 10,463 | 1,528 | |
| End of period | 6,703 | 10,463 | 1,528 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2021 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 6,631 | 10,385 |
| Accounts receivable, net of allowance for credit losses of $146 and $194 | 4,167 | 4,254 |
| Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $494 and $478 | 4,748 | 3,577 |
| Accounts receivable from affiliates | 27 | 22 |
| Inventory | 2,567 | 2,527 |
| Prepaid expenses | 746 | 624 |
| Other current assets | 2,005 | 2,496 |
| Total current assets | 20,891 | 23,885 |
| Property and equipment, net | 39,803 | 41,175 |
| Operating lease right-of-use assets | 26,959 | 28,021 |
| Financing lease right-of-use assets | 3,322 | 3,028 |
| Goodwill | 12,188 | 11,117 |
| Spectrum licenses | 92,606 | 82,828 |
| Other intangible assets, net | 4,733 | 5,298 |
| Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $136 and $127 | 2,829 | 2,031 |
| Other assets | 3,232 | 2,779 |
| Total assets | 206,563 | 200,162 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 11,405 | 10,196 |
| Payables to affiliates | 103 | 157 |
| Short-term debt | 3,378 | 4,579 |
| Short-term debt to affiliates | 2,245 | 0 |
| Deferred revenue | 856 | 1,030 |
| Short-term operating lease liabilities | 3,425 | 3,868 |
| Short-term financing lease liabilities | 1,120 | 1,063 |
| Other current liabilities | 967 | 810 |
| Total current liabilities | 23,499 | 21,703 |
| Long-term debt | 67,076 | 61,830 |
| Long-term debt to affiliates | 1,494 | 4,716 |
| Tower obligations | 2,806 | 3,028 |
| Deferred tax liabilities | 10,216 | 9,966 |
| Operating lease liabilities | 25,818 | 26,719 |
| Financing lease liabilities | 1,455 | 1,444 |
| Other long-term liabilities | 5,097 | 5,412 |
| Total long-term liabilities | 113,962 | 113,115 |
| Commitments and contingencies (Note 17) | ||
| Stockholders' equity | ||
| Common Stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,250,751,148 and 1,243,345,584 shares issued, 1,249,213,681 and 1,241,805,706 shares outstanding | 0 | 0 |
| Additional paid-in capital | 73,292 | 72,772 |
| Treasury stock, at cost, 1,537,468 and 1,539,878 shares issued | (13) | (11) |
| Accumulated other comprehensive loss | (1,365) | (1,581) |
| Accumulated deficit | (2,812) | (5,836) |
| Total stockholders' equity | 69,102 | 65,344 |
| Total liabilities and stockholders' equity | 206,563 | 200,162 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2021 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |