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: 2018 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Revenues | $ 43,310 | 40,604 | 37,490 |
| Operating expenses | |||
| Selling, general and administrative | 13,161 | 12,259 | 11,378 |
| Depreciation and amortization | 6,486 | 5,984 | 6,243 |
| Cost of MetroPCS business combination | 0 | 0 | 104 |
| Gains on disposal of spectrum licenses | 0 | (235) | (835) |
| Total operating expense | 38,001 | 35,716 | 33,440 |
| Operating income | 5,309 | 4,888 | 4,050 |
| Other income (expense) | |||
| Interest expense | (835) | (1,111) | (1,418) |
| Interest expense to affiliates | (522) | (560) | (312) |
| Interest income | 19 | 17 | 13 |
| Other income (expense), net | (54) | (73) | (6) |
| Total other expense, net | (1,392) | (1,727) | (1,723) |
| Income before income taxes | 3,917 | 3,161 | 2,327 |
| Income tax (expense) benefit | (1,029) | 1,375 | (867) |
| Net income | 2,888 | 4,536 | 1,460 |
| Dividends on preferred stock | 0 | (55) | (55) |
| Net income attributable to common stockholders | 2,888 | 4,481 | 1,405 |
| Net income | 2,888 | 4,536 | 1,460 |
| Other comprehensive (loss) income, net of tax | |||
| Unrealized gain on available-for-sale securities, net of tax effect of $0, $2 and $1 | 0 | 7 | 2 |
| Unrealized loss on cash flow hedges, net of tax effect of ($115), $0 and $0 | (332) | ||
| Unrealized loss on cash flow hedges, net of tax effect of ($115), $0 and $0 | 0 | 0 | |
| Other comprehensive (loss) income | (332) | 7 | 2 |
| Total comprehensive income | 2,556 | 4,543 | 1,462 |
| Earnings per share | |||
| Basic (in USD per share) | 3.40 | 5.39 | 1.71 |
| Diluted (in USD per share) | 3.36 | 5.20 | 1.69 |
| Weighted average shares outstanding | |||
| Basic (in shares) | 849,744,152 | 831,850,073 | 822,470,275 |
| Diluted (in shares) | 858,290,174 | 871,787,450 | 833,054,545 |
| Product and Service | |||
| Branded postpaid revenues | |||
| Revenues | 20,862 | 19,448 | 18,138 |
| Branded prepaid revenues | |||
| Revenues | 9,598 | 9,380 | 8,553 |
| Wholesale revenues | |||
| Revenues | 1,183 | 1,102 | 903 |
| Roaming and other service revenues | |||
| Revenues | 349 | 230 | 250 |
| Service | |||
| Revenues | 31,992 | 30,160 | 27,844 |
| Cost of services and equipment sales | 6,307 | 6,100 | 5,731 |
| Equipment | |||
| Revenues | 10,009 | 9,375 | 8,727 |
| Cost of services and equipment sales | 12,047 | 11,608 | 10,819 |
| Other revenues | |||
| Revenues | 1,309 | 1,069 | 919 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Operating activities | |||
| Net income | $ 2,888 | 4,536 | 1,460 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 6,486 | 5,984 | 6,243 |
| Stock-based compensation expense | 424 | 306 | 235 |
| Deferred income tax expense (benefit) | 980 | (1,404) | 914 |
| Bad debt expense | 297 | 388 | 477 |
| Losses from sales of receivables | 157 | 299 | 228 |
| Deferred rent expense | 26 | 76 | 121 |
| Losses on redemption of debt | 122 | 86 | 0 |
| Gains on disposal of spectrum licenses | 0 | (235) | (835) |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (4,617) | (3,931) | (3,459) |
| Equipment installment plan receivables | (1,598) | (1,812) | (673) |
| Inventories | (201) | (844) | (802) |
| Other current and long-term assets | (181) | (575) | (133) |
| Accounts payable and accrued liabilities | (867) | 1,079 | (1,201) |
| Other current and long-term liabilities | (69) | (233) | 158 |
| Other, net | 52 | 111 | 46 |
| Net cash provided by operating activities | 3,899 | 3,831 | 2,779 |
| Investing activities | |||
| Purchases of property and equipment, including capitalized interest of $362, $136 and $142 | (5,541) | (5,237) | (4,702) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (127) | (5,828) | (3,968) |
| Proceeds related to beneficial interests in securitization transactions | 5,406 | 4,319 | 3,356 |
| Acquisition of companies, net of cash acquired | (338) | 0 | 0 |
| Sales of short-term investments | 0 | 0 | 2,998 |
| Other, net | 21 | 1 | (8) |
| Net cash used in investing activities | (579) | (6,745) | (2,324) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 2,494 | 10,480 | 997 |
| Proceeds from borrowing on revolving credit facility | 6,265 | 2,910 | 0 |
| Repayments of revolving credit facility | (6,265) | (2,910) | 0 |
| Repayments of capital lease obligations | (700) | (486) | (205) |
| Repayments of short-term debt for purchases of inventory, property and equipment, net | (300) | (300) | (150) |
| Repayments of long-term debt | (3,349) | (10,230) | (20) |
| Repurchases of common stock | (1,071) | (427) | 0 |
| Tax withholdings on share-based awards | (146) | (166) | (121) |
| Dividends on preferred stock | 0 | (55) | (55) |
| Cash payments for debt prepayment or debt extinguishment costs | (212) | (188) | 0 |
| Other, net | (52) | 5 | 17 |
| Net cash (used in) provided by financing activities | (3,336) | (1,367) | 463 |
| Change in cash and cash equivalents | (16) | (4,281) | 918 |
| Cash and cash equivalents | |||
| Beginning of period | 1,219 | 5,500 | |
| End of period | 1,203 | 1,219 | 5,500 |
| Supplemental disclosure of cash flow information | |||
| Interest payments, net of amounts capitalized, $0, $79 and $0 of which recorded as debt discount | 1,525 | 2,028 | 1,681 |
| Income tax payments | 51 | 31 | 25 |
| Noncash beneficial interest obtained in exchange for securitized receivables | 4,972 | 4,063 | 3,411 |
| Noncash investing and financing activities | |||
| Changes in accounts payable for purchases of property and equipment | 65 | 313 | 285 |
| Leased devices transferred from inventory to property and equipment | 1,011 | 1,131 | 1,588 |
| Returned leased devices transferred from property and equipment to inventory | (326) | (742) | (602) |
| Issuance of short-term debt for financing of property and equipment | 291 | 292 | 150 |
| Assets acquired under capital lease obligations | 885 | 887 | 799 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2018 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2018 10-K (Filed: Feb 7, 2019) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2018 | Dec 31, 2017 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,203 | 1,219 |
| Accounts receivable, net of allowances of $67 and $86 | 1,769 | 1,915 |
| Equipment installment plan receivables, net | 2,538 | 2,290 |
| Accounts receivable from affiliates | 11 | 22 |
| Inventories | 1,084 | 1,566 |
| Other current assets | 1,676 | 1,903 |
| Total current assets | 8,281 | 8,915 |
| Property and equipment, net | 23,359 | 22,196 |
| Goodwill | 1,901 | 1,683 |
| Spectrum licenses | 35,559 | 35,366 |
| Other intangible assets, net | 198 | 217 |
| Equipment installment plan receivables due after one year, net | 1,547 | 1,274 |
| Other assets | 1,623 | 912 |
| Total assets | 72,468 | 70,563 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 7,741 | 8,528 |
| Payables to affiliates | 200 | 182 |
| Short-term debt | 841 | 1,612 |
| Deferred revenue | 698 | 779 |
| Other current liabilities | 787 | 414 |
| Total current liabilities | 10,267 | 11,515 |
| Long-term debt | 12,124 | 12,121 |
| Long-term debt to affiliates | 14,582 | 14,586 |
| Tower obligations | 2,557 | 2,590 |
| Deferred tax liabilities | 4,472 | 3,537 |
| Deferred rent expense | 2,781 | 2,720 |
| Other long-term liabilities | 967 | 935 |
| Total long-term liabilities | 37,483 | 36,489 |
| Commitments and contingencies (Note 15) | ||
| Stockholders' equity | ||
| Common Stock, par value $0.00001 per share, 1,000,000,000 shares authorized; 851,675,119 and 860,861,998 shares issued, 850,180,317 and 859,406,651 shares outstanding | 0 | 0 |
| Additional paid-in capital | 38,010 | 38,629 |
| Treasury stock, at cost, 1,494,802 and 1,455,347 shares issued | (6) | (4) |
| Accumulated other comprehensive income | (332) | 8 |
| Accumulated deficit | (12,954) | (16,074) |
| Total stockholders' equity | 24,718 | 22,559 |
| Total liabilities and stockholders' equity | 72,468 | 70,563 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2018 | |
| 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 |