10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
| |||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | |||
| Revenues | $ 44,998 | 43,310 | 40,604 |
| Operating expenses | |||
| Selling, general and administrative | 14,139 | 13,161 | 12,259 |
| Depreciation and amortization | 6,616 | 6,486 | 5,984 |
| Gains on disposal of spectrum licenses | 0 | 0 | (235) |
| Total operating expenses | 39,276 | 38,001 | 35,716 |
| Operating income | 5,722 | 5,309 | 4,888 |
| Other income (expense) | |||
| Interest expense | (727) | (835) | (1,111) |
| Interest expense to affiliates | (408) | (522) | (560) |
| Interest income | 24 | 19 | 17 |
| Other expense, net | (8) | (54) | (73) |
| Total other expense, net | (1,119) | (1,392) | (1,727) |
| Income before income taxes | 4,603 | 3,917 | 3,161 |
| Income tax expense | (1,135) | (1,029) | 1,375 |
| Net income | 3,468 | 2,888 | 4,536 |
| Preferred Stock Dividends and Other Adjustments | 0 | 0 | (55) |
| Net income attributable to common stockholders | 3,468 | 2,888 | 4,481 |
| Net income | 3,468 | 2,888 | 4,536 |
| Other comprehensive (loss) income, net of tax | |||
| Unrealized gain on available-for-sale securities, net of tax effect of $0, $0, and $2 | 0 | 0 | 7 |
| Unrealized loss on cash flow hedges, net of tax effect of $(187), $(115), and $0 | (536) | (332) | 0 |
| Other comprehensive income (loss) | (536) | (332) | 7 |
| Total comprehensive income | 2,932 | 2,556 | 4,543 |
| Earnings per share | |||
| Basic (in USD per share) | 4.06 | 3.40 | 5.39 |
| Diluted (in USD per share) | 4.02 | 3.36 | 5.20 |
| Weighted average shares outstanding | |||
| Basic (in shares) | 854,143,751 | 849,744,152 | 831,850,073 |
| Diluted (in shares) | 863,433,511 | 858,290,174 | 871,787,450 |
| Product and Service | |||
| Branded postpaid revenues | |||
| Revenues | 22,673 | 20,862 | 19,448 |
| Branded prepaid revenues | |||
| Revenues | 9,543 | 9,598 | 9,380 |
| Wholesale revenues | |||
| Revenues | 1,279 | 1,183 | 1,102 |
| Roaming and other service revenues | |||
| Revenues | 499 | 349 | 230 |
| Service | |||
| Revenues | 33,994 | 31,992 | 30,160 |
| Cost of services and equipment sales | 6,622 | 6,307 | 6,100 |
| Equipment | |||
| Revenues | 9,840 | 10,009 | 9,375 |
| Cost of services and equipment sales | 11,899 | 12,047 | 11,608 |
| Other revenues | |||
| Revenues | 1,164 | 1,309 | 1,069 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Operating activities | |||
| Net income | $ 3,468 | 2,888 | 4,536 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 6,616 | 6,486 | 5,984 |
| Stock-based compensation expense | 495 | 424 | 306 |
| Deferred income tax expense (benefit) | 1,091 | 980 | (1,404) |
| Bad debt expense | 307 | 297 | 388 |
| Losses from sales of receivables | 130 | 157 | 299 |
| Deferred rent expense | 0 | 26 | 76 |
| Losses on redemption of debt | 19 | 122 | 86 |
| Gains on disposal of spectrum licenses | 0 | 0 | (235) |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (3,709) | (4,617) | (3,931) |
| Equipment installment plan receivables | (1,015) | (1,598) | (1,812) |
| Inventories | (617) | (201) | (844) |
| Operating lease right-of-use assets | 1,896 | ||
| Other current and long-term assets | (144) | (181) | (575) |
| Accounts payable and accrued liabilities | 17 | (867) | 1,079 |
| Short and long-term operating lease liabilities | (2,131) | ||
| Other current and long-term liabilities | 144 | (69) | (233) |
| Other, net | 257 | 52 | 111 |
| Net cash provided by operating activities | 6,824 | 3,899 | 3,831 |
| Investing activities | |||
| Purchases of property and equipment, including capitalized interest of $473, $362 and $136 | (6,391) | (5,541) | (5,237) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (967) | (127) | (5,828) |
| Proceeds from sales of tower sites | 38 | 0 | 0 |
| Proceeds related to beneficial interests in securitization transactions | 3,876 | 5,406 | 4,319 |
| Net cash related to derivative contracts under collateral exchange arrangements | (632) | 0 | 0 |
| Acquisition of companies, net of cash acquired | (31) | (338) | 0 |
| Other, net | (18) | 21 | 1 |
| Net cash used in investing activities | (4,125) | (579) | (6,745) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 0 | 2,494 | 10,480 |
| Proceeds from borrowing on revolving credit facility | 2,340 | 6,265 | 2,910 |
| Repayments of revolving credit facility | (2,340) | (6,265) | (2,910) |
| Repayments of financing lease obligations | (798) | (700) | (486) |
| Repayments of short-term debt for purchases of inventory, property and equipment, net | (775) | (300) | (300) |
| Repayments of long-term debt | (600) | (3,349) | (10,230) |
| Repurchases of common stock | 0 | (1,071) | (427) |
| Tax withholdings on share-based awards | (156) | (146) | (166) |
| Dividends on preferred stock | 0 | 0 | (55) |
| Cash payments for debt prepayment or debt extinguishment costs | (28) | (212) | (188) |
| Other, net | (17) | (52) | 5 |
| Net cash used in financing activities | (2,374) | (3,336) | (1,367) |
| Change in cash and cash equivalents | 325 | (16) | (4,281) |
| Cash and cash equivalents | |||
| Beginning of period | 1,203 | 1,219 | |
| End of period | 1,528 | 1,203 | 1,219 |
| Supplemental disclosure of cash flow information | |||
| Interest payments, net of amounts capitalized | 1,128 | 1,525 | 2,028 |
| Operating lease payments | 2,783 [1] | ||
| Income tax payments | 88 | 51 | 31 |
| Non-cash investing and financing activities | |||
| Non-cash beneficial interest obtained in exchange for securitized receivables | 6,509 | 4,972 | 4,063 |
| (Decrease) increase in accounts payable for purchases of property and equipment | (935) | 65 | 313 |
| Leased devices transferred from inventory to property and equipment | 1,006 | 1,011 | 1,131 |
| Returned leased devices transferred from property and equipment to inventory | (267) | (326) | (742) |
| Short-term debt assumed for financing of property and equipment | 800 | 291 | 292 |
| Operating lease right-of-use assets obtained in exchange for lease obligations | 3,621 | ||
| Financing lease right-of-use assets obtained in exchange for lease obligations | 1,041 | 885 | 887 |
| [1] On January 1, 2019, we adopted Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), which requires certain supplemental cash flow disclosures. Where these disclosures or a comparable figure were not required under the former lease standard, we have not retrospectively presented historical amounts. See Note 1 Summary of Significant Accounting Policies for additional details. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 6, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 1,528 | 1,203 |
| Accounts receivable, net of allowances of $61 and $67 | 1,888 | 1,769 |
| Equipment installment plan receivables, net | 2,600 | 2,538 |
| Accounts receivable from affiliates | 20 | 11 |
| Inventory | 964 | 1,084 |
| Other current assets | 2,305 | 1,676 |
| Total current assets | 9,305 | 8,281 |
| Property and equipment, net | 21,984 | 23,359 |
| Operating lease right-of-use assets | 10,933 | 9,251 |
| Financing lease right-of-use assets | 2,715 | 2,271 |
| Goodwill | 1,930 | 1,901 |
| Spectrum licenses | 36,465 | 35,559 |
| Other intangible assets, net | 115 | 198 |
| Equipment installment plan receivables due after one year, net | 1,583 | 1,547 |
| Other assets | 1,891 | 1,623 |
| Total assets | 86,921 | 72,468 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 6,746 | 7,741 |
| Payables to affiliates | 187 | 200 |
| Short-term debt | 25 | |
| Short-term debt | 25 | 841 |
| Deferred revenue | 631 | 698 |
| Short-term operating lease liabilities | 2,287 | |
| Short-term financing lease liabilities | 957 | |
| Other current liabilities | 1,673 | 787 |
| Total current liabilities | 12,506 | 10,267 |
| Long-term debt | 10,958 | 12,124 |
| Long-term debt to affiliates | 13,986 | 14,582 |
| Tower obligations | 2,236 | 2,557 |
| Deferred tax liabilities | 5,607 | 4,472 |
| Operating lease liabilities | 10,539 | |
| Financing lease liabilities | 1,346 | |
| Deferred rent expense | 2,781 | |
| Other long-term liabilities | 954 | 967 |
| Total long-term liabilities | 45,626 | 37,483 |
| Commitments and contingencies (Note 16) | ||
| Stockholders' equity | ||
| Common Stock, par value $0.00001 per share, 1,000,000,000 shares authorized; 858,418,615 and 851,675,119 shares issued, 856,905,400 and 850,180,317 shares outstanding | 0 | 0 |
| Additional paid-in capital | 38,498 | 38,010 |
| Treasury stock, at cost,1,513,215 and 1,494,802 shares issued | (8) | (6) |
| Accumulated other comprehensive loss | (868) | (332) |
| Accumulated deficit | (8,833) | (12,954) |
| Total stockholders' equity | 28,789 | 24,718 |
| Total liabilities and stockholders' equity | 86,921 | 72,468 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2019 | |
| 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 |