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: 2017 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 8, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues | |||
| Branded postpaid revenues | $ 19,448 | 18,138 | 16,383 |
| Branded prepaid revenues | 9,380 | 8,553 | 7,553 |
| Wholesale revenues | 1,102 | 903 | 692 |
| Roaming and other service revenues | 230 | 250 | 193 |
| Total service revenues | 30,160 | 27,844 | 24,821 |
| Equipment revenues | 9,375 | 8,727 | 6,718 |
| Other revenues | 1,069 | 919 | 928 |
| Total revenues | 40,604 | 37,490 | 32,467 |
| Operating expenses | |||
| Cost of services, exclusive of depreciation and amortization shown separately below | 6,100 | 5,731 | 5,554 |
| Cost of equipment sales | 11,608 | 10,819 | 9,344 |
| Selling, general and administrative | 12,259 | 11,378 | 10,189 |
| Depreciation and amortization | 5,984 | 6,243 | 4,688 |
| Cost of MetroPCS business combination | 0 | 104 | 376 |
| Gains on disposal of spectrum licenses | (235) | (835) | (163) |
| Total operating expense | 35,716 | 33,440 | 29,988 |
| Operating income | 4,888 | 4,050 | 2,479 |
| Other income (expense) | |||
| Interest expense | (1,111) | (1,418) | (1,085) |
| Interest expense to affiliates | (560) | (312) | (411) |
| Interest income | 17 | 13 | 6 |
| Other expense, net | (73) | (6) | (11) |
| Total other expense, net | (1,727) | (1,723) | (1,501) |
| Income before income taxes | 3,161 | 2,327 | 978 |
| Income tax benefit (expense) | 1,375 | (867) | (245) |
| Net income | 4,536 | 1,460 | 733 |
| Dividends on preferred stock | (55) | (55) | (55) |
| Net income attributable to common stockholders | 4,481 | 1,405 | 678 |
| Net income | 4,536 | 1,460 | 733 |
| Other comprehensive income (loss), net of tax | |||
| Unrealized gain (loss) on available-for-sale securities, net of tax effect $2, $1 and $(1) | 7 | 2 | (2) |
| Other comprehensive income (loss) | 7 | 2 | (2) |
| Total comprehensive income | 4,543 | 1,462 | 731 |
| Earnings per share | |||
| Basic (in USD per share) | 5.39 | 1.71 | 0.83 |
| Diluted (in USD per share) | 5.20 | 1.69 | 0.82 |
| Weighted average shares outstanding | |||
| Basic (in shares) | 831,850,073 | 822,470,275 | 812,994,028 |
| Diluted (in shares) | 871,787,450 | 833,054,545 | 822,617,938 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 8, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Operating activities | |||
| Net income | $ 4,536 | 1,460 | 733 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 5,984 | 6,243 | 4,688 |
| Stock-based compensation expense | 306 | 235 | 201 |
| Deferred income tax (benefit) expense | (1,404) | 914 | 256 |
| Bad debt expense | 388 | 477 | 547 |
| Losses from sales of receivables | 299 | 228 | 204 |
| Deferred rent expense | 76 | 121 | 167 |
| Gains on disposal of spectrum licenses | (235) | (835) | (163) |
| Change in fair value of embedded derivatives | (52) | (25) | 148 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (444) | (603) | (259) |
| Equipment installment plan receivables | (894) | 97 | 1,089 |
| Inventories | (844) | (802) | (2,495) |
| Deferred purchase price from sales of receivables | (86) | (270) | (185) |
| Other current and long-term assets | (575) | (133) | (217) |
| Accounts payable and accrued liabilities | 1,079 | (1,201) | 693 |
| Other current and long-term liabilities | (233) | 158 | 22 |
| Other, net | 61 | 71 | (15) |
| Net cash provided by operating activities | 7,962 | 6,135 | 5,414 |
| Investing activities | |||
| Purchases of property and equipment, including capitalized interest of $136, $142 and $246 | (5,237) | (4,702) | (4,724) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (5,828) | (3,968) | (1,935) |
| Purchases of short-term investments | 0 | 0 | (2,997) |
| Sales of short-term investments | 0 | 2,998 | 0 |
| Other, net | 1 | (8) | 96 |
| Net cash used in investing activities | (11,064) | (5,680) | (9,560) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 10,480 | 997 | 3,979 |
| Proceeds from tower obligations | 0 | 0 | 140 |
| Proceeds from borrowing on revolving credit facility | 2,910 | 0 | 0 |
| Repayments of revolving credit facility | (2,910) | 0 | 0 |
| Repayments of capital lease obligations | (486) | (205) | (57) |
| Repayments of short-term debt for purchases of inventory, property and equipment, net | (300) | (150) | (564) |
| Repayments of long-term debt | (10,230) | (20) | 0 |
| Proceeds from exercise of stock options | 21 | 29 | 47 |
| Repurchases of common shares | (427) | 0 | 0 |
| Tax withholdings on share-based awards | (166) | (121) | (156) |
| Dividends on preferred stock | (55) | (55) | (55) |
| Other, net | (16) | (12) | 79 |
| Net cash (used in) provided by financing activities | (1,179) | 463 | 3,413 |
| Change in cash and cash equivalents | (4,281) | 918 | (733) |
| Cash and cash equivalents | |||
| Beginning of period | 5,500 | 4,582 | |
| End of period | 1,219 | 5,500 | 4,582 |
| Supplemental disclosure of cash flow information | |||
| Interest payments, net of amounts capitalized, $79, $0 and $0 of which recorded as debt discount (Note 7) | 2,028 | 1,681 | 1,298 |
| Income tax payments | 31 | 25 | 54 |
| Changes in accounts payable for purchases of property and equipment | 313 | 285 | 46 |
| Leased devices transferred from inventory to property and equipment | 1,131 | 1,588 | 2,451 |
| Returned leased devices transferred from property and equipment to inventory | (742) | (602) | (166) |
| Issuance of short-term debt for financing of property and equipment | 292 | 150 | 500 |
| Assets acquired under capital lease obligations | 887 | 799 | 470 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 8, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,219 | 5,500 |
| Accounts receivable, net of allowances of $86 and $102 | 1,915 | 1,896 |
| Equipment installment plan receivables, net | 2,290 | 1,930 |
| Accounts receivable from affiliates | 22 | 40 |
| Inventories | 1,566 | 1,111 |
| Asset purchase deposit | 0 | 2,203 |
| Other current assets | 1,903 | 1,537 |
| Total current assets | 8,915 | 14,217 |
| Property and equipment, net | 22,196 | 20,943 |
| Goodwill | 1,683 | 1,683 |
| Spectrum licenses | 35,366 | 27,014 |
| Other intangible assets, net | 217 | 376 |
| Equipment installment plan receivables due after one year, net | 1,274 | 984 |
| Other assets | 912 | 674 |
| Total assets | 70,563 | 65,891 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 8,528 | 7,152 |
| Payables to affiliates | 182 | 125 |
| Short-term debt | 1,612 | 354 |
| Deferred revenue | 779 | 986 |
| Other current liabilities | 414 | 405 |
| Total current liabilities | 11,515 | 9,022 |
| Long-term debt | 12,121 | 21,832 |
| Long-term debt to affiliates | 14,586 | 5,600 |
| Tower obligations | 2,590 | 2,621 |
| Deferred tax liabilities | 3,537 | 4,938 |
| Deferred rent expense | 2,720 | 2,616 |
| Other long-term liabilities | 935 | 1,026 |
| Total long-term liabilities | 36,489 | 38,633 |
| Commitments and contingencies (Note 13) | ||
| Stockholders' equity | ||
| 5.50% Mandatory Convertible Preferred Stock Series A, par value $0.00001 per share, 100,000,000 shares authorized; 0 and 20,000,000 shares issued; 0 and 20,000,000 shares outstanding; $0 and $1,000 aggregate liquidation value | 0 | 0 |
| Common Stock, par value $0.00001 per share, 1,000,000,000 shares authorized; 860,861,998 and 827,768,818 shares issued, 859,406,651 and 826,357,331 shares outstanding | 0 | 0 |
| Additional paid-in capital | 38,629 | 38,846 |
| Treasury stock, at cost, 1,455,347 and 1,411,487 shares issued | (4) | (1) |
| Accumulated other comprehensive income | 8 | 1 |
| Accumulated deficit | (16,074) | (20,610) |
| Total stockholders' equity | 22,559 | 18,236 |
| Total liabilities and stockholders' equity | 70,563 | 65,891 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2017 | |
| 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 |