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 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 |
| 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 |