T-MOBILE US, INC. (TMUS) FY 2015 Financial Statements

10-K.Info (Beta Test)

Courtesy of Short Sands, LLC

2010	2011	2012	2013	2014	2015	2016
2017	2018	2019	2020	2021	2022

10-K.Info (Beta Test) Courtesy of Short Sands, LLC
T-MOBILE US, INC.
Ticker: TMUS Fiscal Year: 2015
Consolidated Statements of Comprehensive Income (Loss)
Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016)
(In Millions, except shares in actual)
	12 Months Ended	12 Months Ended	12 Months Ended
	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Revenues
Branded postpaid revenues	$ 16,383	14,392	13,166
Branded prepaid revenues	7,553	6,986	4,945
Wholesale revenues	692	731	613
Roaming and other service revenues	193	266	344
Total service revenues	24,821	22,375	19,068

Equipment revenues	6,718	6,789	5,033
Other revenues	514	400	319
Total revenues	32,053	29,564	24,420

Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	5,554	5,788	5,279
Cost of equipment sales	9,344	9,621	6,976
Selling, general and administrative	10,189	8,863	7,382
Depreciation and amortization	4,688	4,412	3,627
Cost of MetroPCS business combination	376	299	108
Gains on disposal of spectrum licenses	(163)	(840)	(2)
Other, net	0	5	54
Total operating expenses	29,988	28,148	23,424

Operating income	2,065	1,416	996

Other income (expense)
Interest expense	(1,085)	(1,073)	(545)
Interest expense to affiliates	(411)	(278)	(678)
Interest income	420	359	189
Other income (expense), net	(11)	(11)	89
Total other expense, net	(1,087)	(1,003)	(945)

Income before income taxes	978	413	51

Income tax expense	245	166	16
Net income	733	247	35

Dividends on preferred stock	(55)	0	0
Net income attributable to common stockholders	678	247	35

Other comprehensive income (loss), net of tax
Net gain on cross currency interest rate swaps, net of tax effect of $0, $0 and $13	0	0	23
Net loss on foreign currency translation, net of tax effect of $0, $0 and ($37)	0	0	(62)
Unrealized gain (loss) on available-for-sale securities, net of tax effect of ($1), ($1) and $1	(2)	(2)	1
Other comprehensive loss	(2)	(2)	(38)

Total comprehensive income (loss)	731	245	(3)

Earnings per share
Basic	0.83	0.31	0.05
Diluted	0.82	0.30	0.05
Weighted average shares outstanding
Basic	812,994,028	805,284,712	672,955,980
Diluted	822,617,938	815,922,258	676,885,215

10-K.Info (Beta Test) Courtesy of Short Sands, LLC
T-MOBILE US, INC.
Ticker: TMUS Fiscal Year: 2015
Consolidated Statements of Cash Flows
Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016)
(In Millions, except shares in actual)
	12 Months Ended	12 Months Ended	12 Months Ended
	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013
Operating activities
Net income	$ 733	247	35
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	4,688	4,412	3,627
Stock-based compensation expense	201	196	100
Deferred income tax expense	256	122	10
Bad debt expense	547	444	463
Losses from sales of receivables	204	179	0
Deferred rent expense	167	225	229
Gains on disposal of spectrum licenses	(163)	(840)	(2)
Changes in embedded derivatives	148	(18)	13
Changes in operating assets and liabilities
Accounts receivable	(259)	(90)	(158)
Equipment installment plan receivables	1,089	(2,429)	(2,016)
Inventories	(2,495)	(499)	42
Deferred purchase price from sales of receivables	(185)	(204)	0
Other current and long-term assets	(217)	(328)	314
Accounts payable and accrued liabilities	693	2,395	611
Other current and long-term liabilities	22	312	141
Other, net	(15)	22	136
Net cash provided by operating activities	5,414	4,146	3,545

Investing activities
Purchases of property and equipment	(4,724)	(4,317)	(4,025)
Purchases of spectrum licenses and other intangible assets, including deposits	(1,935)	(2,900)	(381)
Purchases of short-term investments	2,997	0	0
Short term affiliate loan receivable, net	0	0	300
Cash and cash equivalents acquired in MetroPCS business combination	0	0	2,144
Other, net	96	(29)	(130)
Net cash used in investing activities	(9,560)	(7,246)	(2,092)

Financing activities
Proceeds from issuance of long-term debt	3,979	2,993	2,494
Repayments of long-term debt and capital lease obligations	(57)	(1,019)	(9)
Proceeds from tower obligations	140	0	0
Repayments of short-term debt for purchases of inventory, property and equipment, net	(564)	(418)	(244)
Dividends on preferred stock	(55)	0	0
Proceeds from exercise of stock options	47	27	137
Proceeds from issuance of preferred stock	0	982	0
Proceeds from issuance of common stock	0	0	1,787
Taxes paid related to net share settlement of stock awards	(156)	(73)	0
Other, net	79	32	(121)
Net cash provided by financing activities	3,413	2,524	4,044

Change in cash and cash equivalents	(733)	(576)	5,497

Cash and cash equivalents
Beginning of year	5,315	5,891
End of year	4,582	5,315	5,891

10-K.Info (Beta Test) Courtesy of Short Sands, LLC
T-MOBILE US, INC.
Ticker: TMUS Fiscal Year: 2015
Consolidated Balance Sheets
Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016)
(In Millions, except shares in actual)
	As of	As of
	Dec 31, 2015	Dec 31, 2014
Assets
Current assets
Cash and cash equivalents	$ 4,582	5,315
Short-term investments	2,998	0
Accounts receivable, net of allowances of $116 and $83	1,788	1,865
Equipment installment plan receivables, net	2,378	3,062
Accounts receivable from affiliates	36	76
Inventories	1,295	1,085
Deferred tax assets, net	0	988
Other current assets	1,813	1,593
Total current assets	14,890	13,984

Property and equipment, net	20,000	16,245
Goodwill	1,683	1,683
Spectrum licenses	23,955	21,955
Other intangible assets, net	594	870
Equipment installment plan receivables due after one year, net	847	1,628
Other assets	467	288
Total assets	62,436	56,653

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	8,084	7,364
Current payables to affiliates	135	231
Short-term debt	182	87
Deferred revenue	717	459
Other current liabilities	410	635
Total current liabilities	9,528	8,776

Long-term debt	20,484	16,273
Long-term debt to affiliates	5,600	5,600
Tower obligations	2,658	2,521
Deferred tax liabilities	4,061	4,873
Deferred rents	2,481	2,331
Other long-term liabilities	1,067	616
Total long-term liabilities	36,351	32,214

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 20,000,000 shares issued and outstanding; $1,000 and $1,000 aggregate liquidation value	0	0
Common Stock, par value $0.00001 per share, 1,000,000,000 shares authorized; 819,773,724 and 808,851,108 shares issued, 818,391,219 and 807,468,603 shares outstanding	0	0
Additional paid-in capital	38,666	38,503
Treasury stock, at cost, 1,382,505 and 1,382,505 shares issued	0	0
Accumulated other comprehensive income (loss)	(1)	1
Accumulated deficit	(22,108)	(22,841)
Total stockholders' equity	16,557	15,663

Total liabilities and stockholders' equity	62,436	56,653

External Links
T-MOBILE US, INC. (TMUS) Fiscal Year 2015
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

T-MOBILE US, INC.

Ticker: TMUS Fiscal Year: 2015

Consolidated Statements of Comprehensive Income (Loss)

Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016)

T-MOBILE US, INC.

Ticker: TMUS Fiscal Year: 2015

Consolidated Statements of Cash Flows

Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016)

T-MOBILE US, INC.

Ticker: TMUS Fiscal Year: 2015

Consolidated Balance Sheets

Period Ending Dec 31, 2015 10-K (Filed: Feb 17, 2016)