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: 2014 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 19, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Revenues | |||
| Branded postpaid revenues | $ 14,392 | 13,166 | 14,521 |
| Branded prepaid revenues | 6,986 | 4,945 | 1,715 |
| Wholesale revenues | 731 | 613 | 544 |
| Roaming and other service revenues | 266 | 344 | 433 |
| Total service revenues | 22,375 | 19,068 | 17,213 |
| Equipment sales | 6,789 | 5,033 | 2,242 |
| Other revenues | 400 | 319 | 264 |
| Total revenues | 29,564 | 24,420 | 19,719 |
| Operating expenses | |||
| Cost of services, exclusive of depreciation and amortization shown separately below | 5,788 | 5,279 | 4,661 |
| Cost of equipment sales | 9,621 | 6,976 | 3,437 |
| Selling, general and administrative | 8,863 | 7,382 | 6,796 |
| Depreciation and amortization | 4,412 | 3,627 | 3,187 |
| Cost of MetroPCS business combination | 299 | 108 | 7 |
| Impairment charges | 0 | 0 | 8,134 |
| Gains on disposal of spectrum licenses | (840) | (2) | (205) |
| Other, net | 5 | 54 | 99 |
| Total operating expenses | 28,148 | 23,424 | 26,116 |
| Operating income (loss) | 1,416 | 996 | (6,397) |
| Other income (expense) | |||
| Interest expense to affiliates | (278) | (678) | (661) |
| Interest expense | (1,073) | (545) | 0 |
| Interest income | 359 | 189 | 77 |
| Other income (expense), net | (11) | 89 | (5) |
| Total other expense, net | (1,003) | (945) | (589) |
| Income (loss) before income taxes | 413 | 51 | (6,986) |
| Income tax expense | 166 | 16 | 350 |
| Net income (loss) | 247 | 35 | (7,336) |
| Other comprehensive income (loss), net of tax | |||
| Net gain on cross currency interest rate swaps, net of tax effect of $0, $13 and $57 | 0 | 23 | 95 |
| Net loss on foreign currency translation, net of tax effect of $0, ($37) and ($16) | 0 | (62) | (27) |
| Unrealized gain (loss) on available-for-sale securities, net of tax effect of ($1), $1 and $0 | (2) | 1 | 1 |
| Other comprehensive income (loss), net of tax | (2) | (38) | 69 |
| Total comprehensive income (loss) | 245 | (3) | (7,267) |
| Earnings (loss) per share | |||
| Basic | 0.31 | 0.05 | (13.70) |
| Diluted | 0.30 | 0.05 | (13.70) |
| Weighted average shares outstanding | |||
| Basic | 805,284,712 | 672,955,980 | 535,286,077 |
| Diluted | 815,922,258 | 676,885,215 | 535,286,077 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 19, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Operating activities | |||
| Net income (loss) | $ 247 | 35 | (7,336) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities | |||
| Impairment charges | 0 | 0 | 8,134 |
| Depreciation and amortization | 4,412 | 3,627 | 3,187 |
| Stock-based compensation expense | 196 | 100 | 0 |
| Excess tax benefit from stock-based compensation | (34) | 0 | 0 |
| Deferred income tax expense | 122 | 10 | 308 |
| Amortization of debt discount and premium, net | (47) | (62) | (81) |
| Bad debt expense | 444 | 463 | 702 |
| Losses from factoring arrangement | 179 | 0 | 0 |
| Deferred rent expense | 225 | 229 | 206 |
| Losses (gains) and other, net | (755) | 209 | (258) |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (90) | (158) | (299) |
| Equipment installment plan receivables | (2,429) | (2,016) | (521) |
| Inventories | (499) | 42 | (2) |
| Deferred purchase price from factoring arrangement | (204) | 0 | 0 |
| Other current and long-term assets | (328) | 314 | (196) |
| Accounts payable and accrued liabilities | 2,395 | 611 | (32) |
| Other current and long-term liabilities | 312 | 141 | 50 |
| Net cash provided by operating activities | 4,146 | 3,545 | 3,862 |
| Investing activities | |||
| Purchases of property and equipment | (4,317) | (4,025) | (2,901) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (2,900) | (381) | (387) |
| Short term affiliate loan receivable, net | 0 | 300 | (651) |
| Proceeds from disposals of property and equipment and intangible assets | 20 | 3 | 51 |
| Cash and cash equivalents acquired in MetroPCS business combination | 0 | 2,144 | 0 |
| Payments to acquire financial assets, net | (9) | 0 | (5) |
| Change in restricted cash equivalents | 0 | (100) | 0 |
| Investments in unconsolidated affiliates, net | (40) | (33) | (22) |
| Net cash used in investing activities | (7,246) | (2,092) | (3,915) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 2,993 | 2,494 | 0 |
| Repayments of long-term debt and capital lease obligations | (1,019) | (9) | 0 |
| Proceeds from issuance of preferred stock | 982 | 0 | 0 |
| Proceeds from issuance of common stock | 0 | 1,787 | 0 |
| Proceeds from financial obligation | 0 | 0 | 2,469 |
| Repayments of short-term debt for purchases of inventory, property and equipment, net | (418) | (244) | 0 |
| Repayments related to a variable interest entity | 0 | (80) | (9) |
| Distribution to affiliate | 0 | (41) | (2,403) |
| Proceeds from exercise of stock options | 27 | 137 | 0 |
| Taxes paid related to net share settlement of stock awards | (73) | 0 | 0 |
| Excess tax benefit from stock-based compensation | 34 | 0 | 0 |
| Other, net | (2) | 0 | 0 |
| Net cash provided by financing activities | 2,524 | 4,044 | 57 |
| Change in cash and cash equivalents | (576) | 5,497 | 4 |
| Cash and cash equivalents | |||
| Beginning of year | 5,891 | 394 | |
| End of year | 5,315 | 5,891 | 394 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2014 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 19, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 5,315 | 5,891 |
| Accounts receivable, net of allowances of $83 and $109 | 1,865 | 2,148 |
| Equipment installment plan receivables, net | 3,062 | 1,471 |
| Accounts receivable from affiliates | 76 | 41 |
| Inventories | 1,085 | 586 |
| Deferred tax assets, net | 988 | 839 |
| Other current assets | 1,593 | 1,252 |
| Total current assets | 13,984 | 12,228 |
| Property and equipment, net | 16,245 | 15,349 |
| Goodwill | 1,683 | 1,683 |
| Spectrum licenses | 21,955 | 18,122 |
| Other intangible assets, net | 870 | 1,204 |
| Equipment installment plan receivables due after one year, net | 1,628 | 1,075 |
| Other assets | 288 | 292 |
| Total assets | 56,653 | 49,953 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 7,364 | 4,567 |
| Current payables to affiliates | 231 | 199 |
| Short-term debt | 87 | 244 |
| Deferred revenue | 459 | 445 |
| Other current liabilities | 635 | 353 |
| Total current liabilities | 8,776 | 5,808 |
| Long-term debt | 16,273 | 14,345 |
| Long-term debt to affiliates | 5,600 | 5,600 |
| Long-term financial obligation | 2,521 | 2,496 |
| Deferred tax liabilities | 4,873 | 4,645 |
| Deferred rents | 2,331 | 2,113 |
| Other long-term liabilities | 616 | 701 |
| Total long-term liabilities | 32,214 | 29,900 |
| Commitments and contingencies | ||
| Stockholders' equity | ||
| 5.50% Mandatory Convertible Preferred Stock Series A, par value $0.00001 per share, 100,000,000 shares authorized; 20,000,000 and 0 shares issued; $1,000 and $0 aggregate liquidation value | 0 | 0 |
| Common Stock, par value $0.00001 per share, 1,000,000,000 shares authorized; 808,851,108 and 803,262,309 shares issued | 0 | 0 |
| Additional paid-in capital | 38,503 | 37,330 |
| Treasury stock, at cost, 1,382,505 and 1,382,505 shares issued | 0 | 0 |
| Accumulated other comprehensive income | 1 | 3 |
| Accumulated deficit | (22,841) | (23,088) |
| Total stockholders' equity | 15,663 | 14,245 |
| Total liabilities and stockholders' equity | 56,653 | 49,953 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2014 | |
| 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 |