T-Mobile US Files 2024 10-K, Details Senior Notes

TL;DR

TMUS 2024 10-K out. Shows debt details for 2029, 2032, 2036 notes. Looks solid.

AI Summary

T-Mobile US, Inc. filed its 2024 10-K report on January 31, 2025, detailing its fiscal year ending December 31, 2024. The company, formerly MetroPCS Communications Inc., is a major player in radio telephone communications. Key financial instruments mentioned include Senior Notes due in 2029, 2032, and 2036, with interest rates of 3.550%, 3.700%, and 3.850% respectively.

Why It Matters

This filing provides investors with a comprehensive overview of T-Mobile's financial performance and debt structure for the fiscal year 2024, crucial for understanding its financial health and future obligations.

Risk Assessment

Risk Level: low — The filing is a standard annual report and does not indicate any immediate or unusual risks.

Key Numbers

• 20241231 — Fiscal Year End (Reporting period for the 10-K)
• 20250131 — Filing Date (Date the 10-K was submitted to the SEC)

Key Players & Entities

• T-Mobile US, Inc. (company) — Filer of the 10-K
• METROPCS COMMUNICATIONS INC (company) — Former company name
• A3.550SeniorNotesDue2029Member (dollar_amount) — Specific debt instrument
• A3.700SeniorNotesDue2032Member (dollar_amount) — Specific debt instrument
• A3.850SeniorNotesDue2036Member (dollar_amount) — Specific debt instrument

FAQ

Key Financial Figures

• $0.00001 — ich registered Common Stock, par value $0.00001 per share TMUS The NASDAQ Stock Market
• $1.2 billion — for total cash consideration of between $1.2 billion and $3.3 billion. On January 13, 2025,
• $3.3 billion — nsideration of between $1.2 billion and $3.3 billion. On January 13, 2025, we and Comcast en
• $3.4 billion — transaction is between $1.2 billion and $3.4 billion. See Note 7 – Goodwill, Spectrum Licens
• $20 — an; Nationwide minimum pay of at least $20 per hour to all full-time and part-time

Filing Documents

• tmus-20241231.htm (10-K) — 3943KB
• tmus12312024ex485.htm (EX-4.85) — 252KB
• tmus12312024ex1039.htm (EX-10.39) — 43KB
• tmus12312024ex191.htm (EX-19.1) — 50KB
• tmus12312024ex192.htm (EX-19.2) — 41KB
• tmus12312024ex211.htm (EX-21.1) — 73KB
• tmus12312024ex221.htm (EX-22.1) — 60KB
• tmus12312024ex231.htm (EX-23.1) — 3KB
• tmus12312024ex311.htm (EX-31.1) — 9KB
• tmus12312024ex312.htm (EX-31.2) — 9KB
• tmus12312024ex321.htm (EX-32.1) — 4KB
• tmus12312024ex322.htm (EX-32.2) — 4KB
• tmus-20241231_g1.jpg (GRAPHIC) — 37KB
• tmus-20241231_g2.jpg (GRAPHIC) — 60KB
• 0001283699-25-000012.txt ( ) — 19334KB
• tmus-20241231.xsd (EX-101.SCH) — 133KB
• tmus-20241231_cal.xml (EX-101.CAL) — 148KB
• tmus-20241231_def.xml (EX-101.DEF) — 742KB
• tmus-20241231_lab.xml (EX-101.LAB) — 1389KB
• tmus-20241231_pre.xml (EX-101.PRE) — 1037KB
• tmus-20241231_htm.xml (XML) — 2941KB

Business

Business 6 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 52 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 53 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 108 Item 9A .

Controls and Procedures

Controls and Procedures 108 Item 9B . Other Information 109 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 109 PART III. Item 10. Directors, Executive Officers and Corporate Governance 110 Item 11.

Executive Compensation

Executive Compensation 110 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 110 Item 13. Certain Relationships and Related Transactions, and Director Independence 110 Item 14. Principal Accountant Fees and Services 110 PART IV. Item 15. Exhibit and Financial Statement Schedules 110 Item 16. Form 10-K Summary 111 Index to Exhibits 125

Signatures

Signatures 125 3 Table of Contents 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 timely adopt and effectively deploy network technology developments; our inability to effectively execute our digital transformation and drive customer and employee adoption of emerging technologies; 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; the timing and effects of any pending and future acquisition, divestiture, investment, joint venture or merger involving us, includi

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. Our customers benefit from what we believe is an unmatched combination of value and network quality, unwavering focus on offering them the best possible service experience and undisputable drive for disruptive innovation in wireless and beyond. 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, 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 dense and multi-layer network 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.

View Full Filing

View this 10-K filing on SEC EDGAR