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: 2020 | |||
Condensed Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | |||
| Revenues | $ 68,397 | 44,998 | 43,310 |
| Operating expenses | |||
| Selling, general and administrative | 18,926 | 14,139 | 13,161 |
| Impairment expense | 418 | 0 | 0 |
| Depreciation and amortization | 14,151 | 6,616 | 6,486 |
| Total operating expenses | 61,761 | 39,276 | 38,001 |
| Operating income | 6,636 | 5,722 | 5,309 |
| Other income (expense) | |||
| Interest expense | (2,483) | (727) | (835) |
| Interest expense to affiliates | (247) | (408) | (522) |
| Interest income | 29 | 24 | 19 |
| Other expense, net | (405) | (8) | (54) |
| Total other expense, net | (3,106) | (1,119) | (1,392) |
| Income from continuing operations before income taxes | 3,530 | 4,603 | 3,917 |
| Income tax expense | (786) | (1,135) | (1,029) |
| Income from continuing operations | 2,744 | 3,468 | 2,888 |
| Income from discontinued operations, net of tax | 320 | 0 | 0 |
| Net income | 3,064 | 3,468 | 2,888 |
| Other comprehensive loss, net of tax | |||
| Unrealized loss on cash flow hedges, net of tax effect of $(250), $(187), and $(115) | (723) | (536) | (332) |
| Unrealized gain on foreign currency translation adjustment, net of tax effect of $1, $0 and $0 | 4 | 0 | 0 |
| Net unrecognized gain (loss) on pension and other postretirement benefits, net of tax effect of $2, $0 and $0 | 6 | 0 | 0 |
| Other comprehensive income (loss) | (713) | (536) | (332) |
| Total comprehensive income | 2,351 | 2,932 | 2,556 |
| Earnings per share | |||
| Earnings Per Share, Basic [Abstract] | |||
| Continuing operations (in USD per share) | 2.40 | 4.06 | 3.40 |
| Discontinued operations (in USD per share) | 0.28 | 0.00 | 0.00 |
| Basic (in USD per share) | 2.68 | 4.06 | 3.40 |
| Earnings Per Share, Diluted [Abstract] | |||
| Continuing operations (in USD per share) | 2.37 | 4.02 | 3.36 |
| Discontinued operations (in USD per share) | 0.28 | 0.00 | 0.00 |
| Diluted (in USD per share) | 2.65 | 4.02 | 3.36 |
| Weighted average shares outstanding | |||
| Basic (in shares) | 1,144,206,326 | 854,143,751 | 849,744,152 |
| Diluted (in shares) | 1,154,749,428 | 863,433,511 | 858,290,174 |
| Product and Service | |||
| Postpaid revenues | |||
| Revenues | 36,306 | 22,673 | 20,862 |
| Prepaid revenues | |||
| Revenues | 9,421 | 9,543 | 9,598 |
| Wholesale revenues | |||
| Revenues | 2,590 | 1,279 | 1,183 |
| Roaming and other service revenues | |||
| Revenues | 2,078 | 1,005 | 798 |
| Service | |||
| Revenues | 50,395 | 34,500 | 32,441 |
| Cost of services and equipment sales | 11,878 | 6,622 | 6,307 |
| Equipment | |||
| Revenues | 17,312 | 9,840 | 10,009 |
| Cost of services and equipment sales | 16,388 | 11,899 | 12,047 |
| Other revenues | |||
| Revenues | 690 | 658 | 860 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2020 | |||
Condensed Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Operating activities | |||
| Net income | $ 3,064 | 3,468 | 2,888 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 14,151 | 6,616 | 6,486 |
| Stock-based compensation expense | 694 | 495 | 424 |
| Deferred income tax expense | 822 | 1,091 | 980 |
| Bad debt expense | 602 | 307 | 297 |
| Losses from sales of receivables | 36 | 130 | 157 |
| Deferred rent expense | 0 | 0 | 26 |
| Losses on redemption of debt | 371 | 19 | 122 |
| Impairment expense | 418 | 0 | 0 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (3,273) | (3,709) | (4,617) |
| Equipment installment plan receivables | (1,453) | (1,015) | (1,598) |
| Inventories | (2,222) | (617) | (201) |
| Operating lease right-of-use assets | 3,465 | 1,896 | 0 |
| Other current and long-term assets | (402) | (144) | (181) |
| Accounts payable and accrued liabilities | (2,123) | 17 | (867) |
| Short and long-term operating lease liabilities | (3,699) | (2,131) | 0 |
| Other current and long-term liabilities | (2,178) | 144 | (69) |
| Other, net | 367 | 257 | 52 |
| Net cash provided by operating activities | 8,640 | 6,824 | 3,899 |
| Investing activities | |||
| Purchases of property and equipment, including capitalized interest of $440, $473 and $362 | (11,034) | (6,391) | (5,541) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (1,333) | (967) | (127) |
| Proceeds from sales of tower sites | 0 | 38 | 0 |
| Proceeds related to beneficial interests in securitization transactions | 3,134 | 3,876 | 5,406 |
| Net cash related to derivative contracts under collateral exchange arrangements | 632 | (632) | 0 |
| Acquisition of companies, net of cash and restricted cash acquired | (5,000) | (31) | (338) |
| Proceeds from the divestiture of prepaid business | 1,224 | 0 | 0 |
| Other, net | (338) | (18) | 21 |
| Net cash used in investing activities | (12,715) | (4,125) | (579) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 35,337 | 0 | 2,494 |
| Payments of consent fees related to long-term debt | (109) | 0 | 0 |
| Proceeds from borrowing on revolving credit facility | 0 | 2,340 | 6,265 |
| Repayments of revolving credit facility | 0 | (2,340) | (6,265) |
| Repayments of financing lease obligations | (1,021) | (798) | |
| Repayments of financing lease obligations | (700) | ||
| Repayments of short-term debt for purchases of inventory, property and equipment and other financial liabilities | (481) | (775) | (300) |
| Repayments of long-term debt | (20,416) | (600) | (3,349) |
| Issuance of common stock | 19,840 | 0 | 0 |
| Repurchases of common stock | (19,536) | 0 | (1,071) |
| Proceeds from issuance of short-term debt | 18,743 | 0 | 0 |
| Repayments of short-term debt | (18,929) | 0 | 0 |
| Tax withholdings on share-based awards | (439) | (156) | (146) |
| Cash payments for debt prepayment or debt extinguishment costs | (82) | (28) | (212) |
| Other, net | 103 | (17) | (52) |
| Net cash provided by (used in) financing activities | 13,010 | (2,374) | (3,336) |
| Change in cash and cash equivalents, including restricted cash | 8,935 | 325 | (16) |
| Cash and cash equivalents, including restricted cash | |||
| Beginning of period | 1,528 | 1,203 | |
| End of period | 10,463 | 1,528 | 1,203 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2020 | ||
Condensed Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 23, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 10,385 | 1,528 |
| Accounts receivable, net of allowance for credit losses of $194 and $61 | 4,254 | 1,888 |
| Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $478 and $333 | 3,577 | 2,600 |
| Accounts receivable from affiliates | 22 | 20 |
| Inventory | 2,527 | 964 |
| Prepaid expenses | 624 | 333 |
| Other current assets | 2,496 | 1,972 |
| Total current assets | 23,885 | 9,305 |
| Property and equipment, net | 41,175 | 21,984 |
| Operating lease right-of-use assets | 28,021 | 10,933 |
| Financing lease right-of-use assets | 3,028 | 2,715 |
| Goodwill | 11,117 | 1,930 |
| Spectrum licenses | 82,828 | 36,465 |
| Other intangible assets, net | 5,298 | 115 |
| Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $127 and $66 | 2,031 | 1,583 |
| Other assets | 2,779 | 1,891 |
| Total assets | 200,162 | 86,921 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 10,196 | 6,746 |
| Payables to affiliates | 157 | 187 |
| Short-term debt | 4,579 | 25 |
| Deferred revenue | 1,030 | 631 |
| Short-term operating lease liabilities | 3,868 | 2,287 |
| Short-term financing lease liabilities | 1,063 | 957 |
| Other current liabilities | 810 | 1,673 |
| Total current liabilities | 21,703 | 12,506 |
| Long-term debt | 61,830 | 10,958 |
| Long-term debt to affiliates | 4,716 | 13,986 |
| Tower obligations | 3,028 | 2,236 |
| Deferred tax liabilities | 9,966 | 5,607 |
| Operating lease liabilities | 26,719 | 10,539 |
| Financing lease liabilities | 1,444 | 1,346 |
| Other long-term liabilities | 5,412 | 954 |
| Total long-term liabilities | 113,115 | 45,626 |
| Commitments and contingencies (Note 18) | ||
| Stockholders' equity | ||
| Common Stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,243,345,584 and 858,418,615 shares issued, 1,241,805,706 and 856,905,400 shares outstanding | 0 | 0 |
| Additional paid-in capital | 72,772 | 38,498 |
| Treasury stock, at cost, 1,539,878 and 1,513,215 shares issued | (11) | (8) |
| Accumulated other comprehensive loss | (1,581) | (868) |
| Accumulated deficit | (5,836) | (8,833) |
| Total stockholders' equity | 65,344 | 28,789 |
| Total liabilities and stockholders' equity | 200,162 | 86,921 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2020 | |
| 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 |