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: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 14, 2017) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
Revenues | |||
Branded postpaid revenues | $ 18,138 | 16,383 | 14,392 |
Branded prepaid revenues | 8,553 | 7,553 | 6,986 |
Wholesale revenues | 903 | 692 | 731 |
Roaming and other service revenues | 250 | 193 | 266 |
Total service revenues | 27,844 | 24,821 | 22,375 |
Equipment revenues | 8,727 | 6,718 | 6,789 |
Other revenues | 671 | 514 | 400 |
Total revenues | 37,242 | 32,053 | 29,564 |
Operating expenses | |||
Cost of services, exclusive of depreciation and amortization shown separately below | 5,731 | 5,554 | 5,788 |
Cost of equipment sales | 10,819 | 9,344 | 9,621 |
Selling, general and administrative | 11,378 | 10,189 | 8,863 |
Depreciation and amortization | 6,243 | 4,688 | 4,412 |
Cost of MetroPCS business combination | 104 | 376 | 299 |
Gains on disposal of spectrum licenses | (835) | (163) | (840) |
Other, net | 0 | 0 | 5 |
Total operating expenses | 33,440 | 29,988 | 28,148 |
Operating income | 3,802 | 2,065 | 1,416 |
Other income (expense) | |||
Interest expense | (1,418) | (1,085) | (1,073) |
Interest expense to affiliates | (312) | (411) | (278) |
Interest income | 261 | 420 | 359 |
Other expense, net | (6) | (11) | (11) |
Total other expense, net | (1,475) | (1,087) | (1,003) |
Income before income taxes | 2,327 | 978 | 413 |
Income tax expense | (867) | (245) | (166) |
Net income | 1,460 | 733 | 247 |
Dividends on preferred stock | (55) | (55) | 0 |
Net income attributable to common stockholders | 1,405 | 678 | 247 |
Net income | 1,460 | 733 | 247 |
Other comprehensive income (loss), net of tax | |||
Unrealized gain (loss) on available-for-sale securities, net of tax effect of $1, $(1) and $(1) | 2 | (2) | (2) |
Other comprehensive income (loss) | 2 | (2) | (2) |
Total comprehensive income | 1,462 | 731 | 245 |
Earnings per share | |||
Basic (in USD per share) | 1.71 | 0.83 | 0.31 |
Diluted (in USD per share) | 1.69 | 0.82 | 0.30 |
Weighted average shares outstanding | |||
Basic (in shares) | 822,470,275 | 812,994,028 | 805,284,712 |
Diluted (in shares) | 833,054,545 | 822,617,938 | 815,922,258 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 14, 2017) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
Operating activities | |||
Net income | $ 1,460 | 733 | 247 |
Adjustments to reconcile net income to net cash provided by operating activities | |||
Depreciation and amortization | 6,243 | 4,688 | 4,412 |
Stock-based compensation expense | 235 | 201 | 196 |
Deferred income tax expense | 914 | 256 | 122 |
Bad debt expense | 477 | 547 | 444 |
Losses from sales of receivables | 228 | 204 | 179 |
Deferred rent expense | 121 | 167 | 225 |
Gains on disposal of spectrum licenses | (835) | (163) | (840) |
Change in embedded derivatives | (25) | 148 | (18) |
Changes in operating assets and liabilities | |||
Accounts receivable | (603) | (259) | (90) |
Equipment installment plan receivables | 97 | 1,089 | (2,429) |
Inventories | (802) | (2,495) | (499) |
Deferred purchase price from sales of receivables | (270) | (185) | (204) |
Other current and long-term assets | (133) | (217) | (328) |
Accounts payable and accrued liabilities | (1,201) | 693 | 2,395 |
Other current and long-term liabilities | 158 | 22 | 312 |
Other, net | 71 | (15) | 22 |
Net cash provided by operating activities | 6,135 | 5,414 | 4,146 |
Investing activities | |||
Purchases of property and equipment, including capitalized interest of $142, $246 and $64 | (4,702) | (4,724) | (4,317) |
Purchases of spectrum licenses and other intangible assets, including deposits | (3,968) | (1,935) | (2,900) |
Purchases of short-term investments | 0 | (2,997) | 0 |
Sales of short-term investments | 2,998 | 0 | 0 |
Other, net | (8) | 96 | (29) |
Net cash used in investing activities | (5,680) | (9,560) | (7,246) |
Financing activities | |||
Proceeds from issuance of long-term debt | 997 | 3,979 | 2,993 |
Proceeds from tower obligations | 0 | 140 | 0 |
Repayments of capital lease obligations | (205) | (57) | (19) |
Repayments of short-term debt for purchases of inventory, property and equipment, net | (150) | (564) | (418) |
Repayments of long-term debt | (20) | 0 | (1,000) |
Proceeds from exercise of stock options | 29 | 47 | 27 |
Proceeds from issuance of preferred stock | 0 | 0 | 982 |
Tax withholdings on share-based awards | (121) | (156) | (73) |
Dividends on preferred stock | (55) | (55) | 0 |
Other, net | (12) | 79 | 32 |
Net cash provided by financing activities | 463 | 3,413 | 2,524 |
Change in cash and cash equivalents | 918 | (733) | (576) |
Cash and cash equivalents | |||
Beginning of period | 4,582 | 5,315 | |
End of period | 5,500 | 4,582 | 5,315 |
Supplemental disclosure of cash flow information | |||
Interest payments, net of amounts capitalized | 1,681 | 1,298 | 1,367 |
Income tax payments | 25 | 54 | 36 |
Changes in accounts payable for purchases of property and equipment | 285 | 46 | 402 |
Leased devices transferred from inventory to property and equipment | 1,588 | 2,451 | 0 |
Returned leased devices transferred from property and equipment to inventory | (602) | (166) | 0 |
Issuance of short-term debt for financing of property and equipment | 150 | 500 | 256 |
Assets acquired under capital lease obligations | 799 | 470 | 77 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 14, 2017) | ||
(In Millions, except shares in actual) | ||
As of | As of | |
Dec 31, 2016 | Dec 31, 2015 | |
Assets | ||
Current assets | ||
Cash and cash equivalents | $ 5,500 | 4,582 |
Short-term investments | 0 | 2,998 |
Accounts receivable, net of allowances of $102 and $116 | 1,896 | 1,788 |
Equipment installment plan receivables, net | 1,930 | 2,378 |
Accounts receivable from affiliates | 40 | 36 |
Inventories | 1,111 | 1,295 |
Asset purchase deposit | 2,203 | 0 |
Other current assets | 1,537 | 1,813 |
Total current assets | 14,217 | 14,890 |
Property and equipment, net | 20,943 | 20,000 |
Goodwill | 1,683 | 1,683 |
Spectrum licenses | 27,014 | 23,955 |
Other intangible assets, net | 376 | 594 |
Equipment installment plan receivables due after one year, net | 984 | 847 |
Other assets | 674 | 444 |
Total assets | 65,891 | 62,413 |
Liabilities and Stockholders' Equity | ||
Current liabilities | ||
Accounts payable and accrued liabilities | 7,152 | 8,084 |
Payables to affiliates | 125 | 135 |
Short-term debt | 354 | 182 |
Deferred revenue | 986 | 717 |
Other current liabilities | 405 | 410 |
Total current liabilities | 9,022 | 9,528 |
Long-term debt | 21,832 | 20,461 |
Long-term debt to affiliates | 5,600 | 5,600 |
Tower obligations | 2,621 | 2,658 |
Deferred tax liabilities | 4,938 | 4,061 |
Deferred rent expense | 2,616 | 2,481 |
Other long-term liabilities | 1,026 | 1,067 |
Total long-term liabilities | 38,633 | 36,328 |
Commitments and contingencies (Note 12) | ||
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; 827,768,818 and 819,773,724 shares issued, 826,357,331 and 818,391,219 shares outstanding | 0 | 0 |
Additional paid-in capital | 38,846 | 38,666 |
Treasury stock, at cost, 1,411,487 and 1,382,505 shares issued | (1) | 0 |
Accumulated other comprehensive income (loss) | 1 | (1) |
Accumulated deficit | (20,610) | (22,108) |
Total stockholders' equity | 18,236 | 16,557 |
Total liabilities and stockholders' equity | 65,891 | 62,413 |
External Links | |
T-MOBILE US, INC. (TMUS) Fiscal Year 2016 | |
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 |