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: 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. | |||
| 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 |