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: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Revenues | $ 79,571 | 80,118 | 68,397 |
| Operating expenses | |||
| Selling, general and administrative | 21,607 | 20,238 | 18,926 |
| Impairment expense | 477 | 0 | 418 |
| Loss on disposal group held for sale | 1,087 | 0 | 0 |
| Depreciation and amortization | 13,651 | 16,383 | 14,151 |
| Total operating expenses | 73,028 | 73,226 | 61,761 |
| Operating income | 6,543 | 6,892 | 6,636 |
| Other expense, net | |||
| Interest expense, net | (3,364) | (3,342) | (2,701) |
| Other expense, net | (33) | (199) | (405) |
| Total other expense, net | (3,397) | (3,541) | (3,106) |
| Income before income taxes | 3,146 | 3,351 | 3,530 |
| Income tax expense | (556) | (327) | (786) |
| Income from continuing operations | 2,590 | 3,024 | 2,744 |
| Income from discontinued operations, net of tax | 0 | 0 | 320 |
| Net income | 2,590 | 3,024 | 3,064 |
| Other comprehensive income (loss), net of tax | |||
| Reclassification of loss (unrealized loss) from cash flow hedges, net of tax effect of $52, $49 and $(250) | 151 | 140 | (723) |
| Unrealized (loss) gain on foreign currency translation adjustment, net of tax effect of $(1), $0 and $1 | (9) | (4) | 4 |
| Net unrecognized gain on pension and other postretirement benefits, net of tax effect of $61, $28 and $2 | 177 | 80 | 6 |
| Other comprehensive income (loss) | 319 | 216 | (713) |
| Total comprehensive income | 2,909 | 3,240 | 2,351 |
| Earnings per share | |||
| Basic earnings per share: | |||
| Continuing operations (in USD per share) | 2.07 | 2.42 | 2.40 |
| Discontinued operations (in USD per share) | 0.00 | 0.00 | 0.28 |
| Basic (in USD per share) | 2.07 | 2.42 | 2.68 |
| Diluted earnings per share: | |||
| Continuing operations (in USD per share) | 2.06 | 2.41 | 2.37 |
| Discontinued operations (in USD per share) | 0.00 | 0.00 | 0.28 |
| Diluted (in USD per share) | 2.06 | 2.41 | 2.65 |
| Weighted-average shares outstanding | |||
| Basic (in shares) | 1,249,763,934 | 1,247,154,988 | 1,144,206,326 |
| Diluted (in shares) | 1,255,376,769 | 1,254,769,926 | 1,154,749,428 |
| Product and Service | |||
| Service | |||
| Revenues | 61,323 | 58,369 | 50,395 |
| Cost of services and equipment sales | 14,666 | 13,934 | 11,878 |
| Postpaid revenues | |||
| Revenues | 45,919 | 42,562 | 36,306 |
| Prepaid revenues | |||
| Revenues | 9,857 | 9,733 | 9,421 |
| Wholesale and other service revenues | |||
| Revenues | 5,547 | 6,074 | 4,668 |
| Equipment revenues | |||
| Revenues | 17,130 | 20,727 | 17,312 |
| Cost of services and equipment sales | 21,540 | 22,671 | 16,388 |
| Other revenues | |||
| Revenues | 1,118 | 1,022 | 690 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
T-MOBILE US, INC. | |||
Ticker: TMUS Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Operating activities | |||
| Net income | $ 2,590 | 3,024 | 3,064 |
| Adjustments to reconcile net income to net cash provided by operating activities | |||
| Depreciation and amortization | 13,651 | 16,383 | 14,151 |
| Stock-based compensation expense | 595 | 540 | 694 |
| Deferred income tax expense | 492 | 197 | 822 |
| Bad debt expense | 1,026 | 452 | 602 |
| Losses from sales of receivables | 214 | 15 | 36 |
| Losses on redemption of debt | 0 | 184 | 371 |
| Impairment expense | 477 | 0 | 418 |
| Loss on disposal group held for sale | 377 | 0 | 0 |
| Changes in operating assets and liabilities | |||
| Accounts receivable | (5,158) | (3,225) | (3,273) |
| Equipment installment plan receivables | (1,184) | (3,141) | (1,453) |
| Inventories | 744 | 201 | (2,222) |
| Operating lease right-of-use assets | 5,227 | 4,964 | 3,465 |
| Other current and long-term assets | (754) | (573) | (402) |
| Accounts payable and accrued liabilities | 558 | 549 | (2,123) |
| Short- and long-term operating lease liabilities | (2,947) | (5,358) | (3,699) |
| Other current and long-term liabilities | 459 | (531) | (2,178) |
| Other, net | 414 | 236 | 367 |
| Net cash provided by operating activities | 16,781 | 13,917 | 8,640 |
| Investing activities | |||
| Purchases of property and equipment, including capitalized interest of $(61), $(210) and $(440) | (13,970) | (12,326) | (11,034) |
| Purchases of spectrum licenses and other intangible assets, including deposits | (3,331) | (9,366) | (1,333) |
| Proceeds from sales of tower sites | 9 | 40 | 0 |
| Proceeds related to beneficial interests in securitization transactions | 4,836 | 4,131 | 3,134 |
| Net cash related to derivative contracts under collateral exchange arrangements | 0 | 0 | 632 |
| Acquisition of companies, net of cash and restricted cash acquired | (52) | (1,916) | (5,000) |
| Proceeds from the divestiture of prepaid business | 0 | 0 | 1,224 |
| Other, net | 149 | 51 | (338) |
| Net cash used in investing activities | (12,359) | (19,386) | (12,715) |
| Financing activities | |||
| Proceeds from issuance of long-term debt | 3,714 | 14,727 | 35,337 |
| Payments of consent fees related to long-term debt | 0 | 0 | (109) |
| Repayments of financing lease obligations | (1,239) | (1,111) | (1,021) |
| Repayments of short-term debt for purchases of inventory, property and equipment and other financial liabilities | 0 | (184) | (481) |
| Repayments of long-term debt | (5,556) | (11,100) | (20,416) |
| Issuance of common stock | 0 | 0 | 19,840 |
| Repurchases of common stock | (3,000) | 0 | (19,536) |
| Proceeds from issuance of short-term debt | 0 | 0 | 18,743 |
| Repayments of short-term debt | 0 | 0 | (18,929) |
| Tax withholdings on share-based awards | (243) | (316) | (439) |
| Cash payments for debt prepayment or debt extinguishment costs | 0 | (116) | (82) |
| Other, net | (127) | (191) | 103 |
| Net cash (used in) provided by financing activities | (6,451) | 1,709 | 13,010 |
| Change in cash and cash equivalents, including restricted cash and cash held for sale | (2,029) | (3,760) | 8,935 |
| Cash and cash equivalents, including restricted cash and cash held for sale | |||
| Beginning of period | 6,703 | 10,463 | |
| End of period | 4,674 | 6,703 | 10,463 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
T-MOBILE US, INC. | ||
Ticker: TMUS Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 14, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Current assets | ||
| Cash and cash equivalents | $ 4,507 | 6,631 |
| Accounts receivable, net of allowance for credit losses of $167 and $146 | 4,445 | 4,194 |
| Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $667 and $494 | 5,123 | 4,748 |
| Inventory | 1,884 | 2,567 |
| Prepaid expenses | 673 | 746 |
| Other current assets | 2,435 | 2,005 |
| Total current assets | 19,067 | 20,891 |
| Property and equipment, net | 42,086 | 39,803 |
| Operating lease right-of-use assets | 28,715 | 26,959 |
| Financing lease right-of-use assets | 3,257 | 3,322 |
| Goodwill | 12,234 | 12,188 |
| Spectrum licenses | 95,798 | 92,606 |
| Other intangible assets, net | 3,508 | 4,733 |
| Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $144 and $136 | 2,546 | 2,829 |
| Other assets | 4,127 | 3,232 |
| Total assets | 211,338 | 206,563 |
| Liabilities and Stockholders' Equity | ||
| Current liabilities | ||
| Accounts payable and accrued liabilities | 12,275 | 11,405 |
| Short-term debt | 5,164 | 3,378 |
| Short-term debt to affiliates | 0 | 2,245 |
| Deferred revenue | 780 | 856 |
| Short-term operating lease liabilities | 3,512 | 3,425 |
| Short-term financing lease liabilities | 1,161 | 1,120 |
| Other current liabilities | 1,850 | 1,070 |
| Total current liabilities | 24,742 | 23,499 |
| Long-term debt | 65,301 | 67,076 |
| Long-term debt to affiliates | 1,495 | 1,494 |
| Tower obligations | 3,934 | 2,806 |
| Deferred tax liabilities | 10,884 | 10,216 |
| Operating lease liabilities | 29,855 | 25,818 |
| Financing lease liabilities | 1,370 | 1,455 |
| Other long-term liabilities | 4,101 | 5,097 |
| Total long-term liabilities | 116,940 | 113,962 |
| Commitments and contingencies (Note 19) | ||
| Stockholders' equity | ||
| Common Stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,256,876,527 and 1,250,751,148 shares issued, 1,233,960,078 and 1,249,213,681 shares outstanding | 0 | 0 |
| Additional paid-in capital | 73,941 | 73,292 |
| Treasury stock, at cost, 22,916,449 and 1,537,468 shares issued | (3,016) | (13) |
| Accumulated other comprehensive loss | (1,046) | (1,365) |
| Accumulated deficit | (223) | (2,812) |
| Total stockholders' equity | 69,656 | 69,102 |
| Total liabilities and stockholders' equity | 211,338 | 206,563 |
| External Links | |
| T-MOBILE US, INC. (TMUS) Fiscal Year 2022 | |
| 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 |