T-Mobile US, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>T-Mobile US, Inc. has filed its 2023 10-K report detailing its financial performance and business operations.</b>

AI Summary

T-Mobile US, Inc. (TMUSL) filed a Annual Report (10-K) with the SEC on February 2, 2024. T-Mobile US, Inc. filed its annual report for the fiscal year ended December 31, 2023. The filing is a 10-K, which provides a comprehensive overview of the company's business and financial condition. The report covers the fiscal year 2023, with data points for 2023, 2022, and 2021. Key financial data such as revenue, net income, and EPS are included. The company's principal executive offices are located at 12920 SE 38th Street, Bellevue, WA 98006.

Why It Matters

For investors and stakeholders tracking T-Mobile US, Inc., this filing contains several important signals. This 10-K filing provides investors with crucial, up-to-date information on T-Mobile's financial health, operational performance, and strategic direction for the fiscal year 2023. The detailed financial statements and disclosures within the report are essential for assessing the company's market position, growth prospects, and potential risks in the competitive telecommunications industry.

Risk Assessment

Risk Level: medium — T-Mobile US, Inc. shows moderate risk based on this filing. The filing is a standard 10-K, which inherently contains a broad range of risks associated with the telecommunications industry, including competition, regulatory changes, and technological advancements.

Analyst Insight

Investors should review the detailed financial statements and risk factors outlined in the 10-K to understand T-Mobile's performance and outlook for the upcoming fiscal year.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-02-02 — Filing Date (Date the report was filed)
• 10-K — Form Type (Type of SEC filing)
• 001-33409 — SEC File Number (SEC registration number)

Key Players & Entities

• T-Mobile US, Inc. (company) — Filer and subject of the report
• METROPCS COMMUNICATIONS INC (company) — Former company name
• Bellevue, WA (location) — Business and mailing address

Forward-Looking Statements

• T-Mobile will continue to focus on growing its branded postpaid revenue segment. (T-Mobile US, Inc.) — high confidence, target: 2024-12-31

FAQ

Industry Context

T-Mobile US operates in the highly competitive telecommunications industry, focusing on wireless services.

Regulatory Implications

The telecommunications sector is subject to ongoing regulatory oversight from bodies like the FCC, impacting service offerings, spectrum allocation, and competitive practices.

What Investors Should Do

1. Analyze T-Mobile's revenue streams and growth trends across its service and product segments.
2. Examine the company's financial health, including debt levels and cash flow, as detailed in the 10-K.
3. Review the risk factors section for potential challenges and uncertainties facing T-Mobile in the coming year.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K
• 2024-02-02: Filing Date — Date T-Mobile US, Inc. submitted its 10-K report

Year-Over-Year Comparison

This filing represents the annual update for the fiscal year 2023, providing year-over-year comparisons with 2022 and 2021 data where available.

Key Financial Figures

• $0.00001 — ich registered Common Stock, par value $0.00001 per share TMUS The NASDAQ Stock Market
• $3.5 billion — xchange for total cash consideration of $3.5 billion. See Note 6 – Goodwill, Spectrum Licens
• $304 million — GHz spectrum) for an aggregate price of $304 million. The timing of when the licenses will b
• $1.2 billion — for total cash consideration of between $1.2 billion and $3.3 billion. See Note 6 – Goodwill
• $3.3 billion — nsideration of between $1.2 billion and $3.3 billion. See Note 6 – Goodwill, Spectrum Licens
• $20 — an; Nationwide minimum pay of at least $20 per hour to all full-time and part-time

Filing Documents

• tmus-20231231.htm (10-K) — 3780KB
• tmus12312023ex475.htm (EX-4.75) — 28KB
• tmus12312023ex1021.htm (EX-10.21) — 56KB
• tmus12312023ex211.htm (EX-21.1) — 74KB
• tmus12312023ex221.htm (EX-22.1) — 57KB
• tmus12312023ex231.htm (EX-23.1) — 3KB
• tmus12312023ex232.htm (EX-23.2) — 2KB
• tmus12312023ex311.htm (EX-31.1) — 9KB
• tmus12312023ex312.htm (EX-31.2) — 9KB
• tmus12312023ex321.htm (EX-32.1) — 4KB
• tmus12312023ex322.htm (EX-32.2) — 4KB
• tmus12312023ex971.htm (EX-97.1) — 34KB
• tmus-20231231_g1.jpg (GRAPHIC) — 37KB
• tmus-20231231_g2.jpg (GRAPHIC) — 60KB
• 0001283699-24-000008.txt (&nbsp;) — 17644KB
• tmus-20231231.xsd (EX-101.SCH) — 120KB
• tmus-20231231_cal.xml (EX-101.CAL) — 137KB
• tmus-20231231_def.xml (EX-101.DEF) — 654KB
• tmus-20231231_lab.xml (EX-101.LAB) — 1377KB
• tmus-20231231_pre.xml (EX-101.PRE) — 957KB
• tmus-20231231_htm.xml (XML) — 2729KB

Business

Business 5 Item 1A.

Risk Factors

Risk Factors 12 Item 1B. Unresolved Staff Comments 24 Item 1C. Cybersecurity 24 Item 2.

Properties

Properties 27 Item 3.

Legal Proceedings

Legal Proceedings 27 Item 4. Mine Safety Disclosures 27 PART II. Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 28 Item 6. [Reserved] 29 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 51 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 52 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 106 Item 9A .

Controls and Procedures

Controls and Procedures 106 Item 9B . Other Information 107 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 107 PART III. Item 10. Directors, Executive Officers and Corporate Governance 107 Item 11.

Executive Compensation

Executive Compensation 108 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 108 Item 13. Certain Relationships and Related Transactions, and Director Independence 108 Item 14. Principal Accountant Fees and Services 108 PART IV. Item 15. Exhibit and Financial Statement Schedules 108 Item 16. Form 10-K Summary 108 Index to Exhibits 121

Signatures

Signatures 121 2 Cautionary Statement Regarding Forward-Looking Statements This Annual Report on Form 10-K ("Form 10-K") of T-Mobile US, Inc. ("T-Mobile," "we," "our," "us" or the "Company") includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including information concerning our future results of operations, are forward-looking statements. These forward-looking statements are generally identified by the words "anticipate," "believe," "estimate," "expect," "intend," "may," "could" or similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. The following important factors, along with the Risk Factors included in Part I, Item 1A of this Form 10-K, could affect future results and cause those results to differ materially from those expressed in the forward-looking statements: competition, industry consolidation and changes in the market for wireless communications services and other forms of connectivity; criminal cyberattacks, disruption, data loss or other security breaches; our inability to take advantage of technological developments on a timely basis; our inability to retain or motivate key personnel, hire qualified personnel or maintain our corporate culture; system failures and business disruptions, allowing for unauthorized use of or interference with our network and other systems; the scarcity and cost of additional wireless spectrum, and regulations relating to spectrum use; challenges in modernizing our existing applications and systems; the impacts of the actions we have taken and conditions we have agreed to in connection with the regulatory proceedings and approvals of our merger (the "Merger") with Sprint Corporation ("Sprint") pursuant to a Business Co

Business

Item 1. Business Business Overview and Strategy Un-carrier Strategy As America's supercharged Un-carrier, we have disrupted the wireless communications services industry by actively engaging with and listening to our customers and focusing on eliminating their pain points. This includes providing added value and what we believe is an exceptional experience while implementing signature Un-carrier initiatives that have changed the wireless industry. We ended annual service contracts, overages, unpredictable international roaming fees and data buckets, among other things. We are inspired by a relentless focus on customer experience, consistently delivering award-winning customer experience with our "Total Experience" approach, which drives our customer satisfaction levels while enabling operational efficiencies. With what we believe is America's largest, fastest, most awarded and most advanced 5G network, the Un-carrier strives to offer customers unrivaled coverage and capacity where they live, work and travel. We believe our network is the foundation of our success and powers everything we do. Our "layer cake" of spectrum provides an unmatched 5G and overall network experience to our customers, which consists of our foundational layer of low-band, our mid-band and our millimeter-wave ("mmWave") spectrum licenses (see "Spectrum Position" below). This multilayer portfolio of spectrum broadens and deepens our nationwide 5G network, enabling accelerated innovation and increased competition in the U.S. wireless and broadband industries. We continue to expand the footprint and improve the quality of our network, enabling us to provide what we believe are outstanding wireless experiences for customers who should not have to compromise on quality and value. Our network allows us to deliver new, innovative products and services, such as our High Speed Internet fixed wireless product, with the same customer experience focus and industry-disrupting mindset that we have

View Full Filing

View this 10-K filing on SEC EDGAR