T-Mobile US, Inc. Files 10-Q for Q1 2024

TL;DR

<b>T-Mobile US, Inc. has submitted its Q1 2024 10-Q filing, providing a detailed financial snapshot and comparative data.</b>

AI Summary

T-Mobile US, Inc. (TMUSL) filed a Quarterly Report (10-Q) with the SEC on April 26, 2024. T-Mobile US, Inc. filed its quarterly report (10-Q) for the period ending March 31, 2024. The filing covers the first quarter of fiscal year 2024. Key financial data from previous periods (Q1 2023, FY 2023) is referenced for comparison. The report details various components of revenue, including Branded Postpaid, Branded Prepaid, and Wholesale & Other Service Revenue. Information on common stock, treasury stock, additional paid-in capital, accumulated other comprehensive income, and retained earnings is provided as of March 31, 2024, and prior periods.

Why It Matters

For investors and stakeholders tracking T-Mobile US, Inc., this filing contains several important signals. This 10-Q filing provides investors with the latest financial performance data for T-Mobile US, Inc. for the first quarter of 2024, enabling informed investment decisions. The detailed breakdown of revenue segments and equity components allows for a deeper understanding of the company's operational and financial health compared to previous periods.

Risk Assessment

Risk Level: — T-Mobile US, Inc. shows moderate risk based on this filing. The filing is a standard quarterly report (10-Q) and does not contain new or unexpected information that would significantly alter the risk profile.

Analyst Insight

Monitor future filings for updates on revenue growth in specific segments and changes in equity structure.

Revenue Breakdown

Key Numbers

• 2024-03-31 — Reporting Period End Date (Conformed Period of Report)
• 2024-04-26 — Filing Date (Filed as of Date)
• 2024-01-01 — Quarter Start Date (First quarter of fiscal year 2024)

Key Players & Entities

• T-Mobile US, Inc. (company) — Filer of the report
• METROPCS COMMUNICATIONS INC (company) — Former company name

FAQ

Industry Context

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

Regulatory Implications

The company is subject to regulatory oversight by the Federal Communications Commission (FCC) and other bodies governing telecommunications services.

What Investors Should Do

1. Analyze the detailed revenue breakdown for Q1 2024 to identify growth drivers.
2. Compare equity components (common stock, retained earnings) with prior periods to assess financial structure changes.
3. Review any subsequent filings for updates on operational performance and strategic initiatives.

Key Dates

• 2024-03-31: Quarterly Period End — End of the first quarter of fiscal year 2024.
• 2024-04-26: Filing Date — Date the 10-Q report was officially filed with the SEC.

Year-Over-Year Comparison

This filing represents the standard quarterly update and does not appear to contain significant deviations from previous reporting patterns.

Key Financial Figures

• $0.00001 — ich registered Common Stock, par value $0.00001 per share TMUS The NASDAQ Stock Market

Filing Documents

• tmus-20240331.htm (10-Q) — 1941KB
• tmus03312024ex221.htm (EX-22.1) — 58KB
• tmus03312024ex311.htm (EX-31.1) — 9KB
• tmus03312024ex312.htm (EX-31.2) — 9KB
• tmus03312024ex321.htm (EX-32.1) — 4KB
• tmus03312024ex322.htm (EX-32.2) — 4KB
• tmus-20240331_g1.jpg (GRAPHIC) — 37KB
• 0001283699-24-000065.txt (&nbsp;) — 8637KB
• tmus-20240331.xsd (EX-101.SCH) — 63KB
• tmus-20240331_cal.xml (EX-101.CAL) — 73KB
• tmus-20240331_def.xml (EX-101.DEF) — 344KB
• tmus-20240331_lab.xml (EX-101.LAB) — 711KB
• tmus-20240331_pre.xml (EX-101.PRE) — 507KB
• tmus-20240331_htm.xml (XML) — 1146KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 3 Condensed Consolidated Balance Sheets 3 Condensed Consolidated Statements of Comprehensive Income 4 Condensed Consolidated Statements of Cash Flows 5 Condensed Consolidated Statement of Stockholders' Equity 6 Notes to the Condensed Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 25 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.

Controls and Procedures

Controls and Procedures 42

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 43 Item 1A.

Risk Factors

Risk Factors 43 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 43 Item 3. Defaults Upon Senior Securities 44 Item 4. Mine Safety Disclosures 44 Item 5. Other Information 44 Item 6. Exhibits 45

Signatures

Signatures 46 2 Index for Notes to the Condensed Consolidated Financial Statements

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements T-Mobile US, Inc. Condensed Consolidated Balance Sheets (Unaudited) (in millions, except share and per share amounts) March 31, 2024 December 31, 2023 Assets Current assets Cash and cash equivalents $ 6,708 $ 5,135 Accounts receivable, net of allowance for credit losses of $ 161 and $ 161 4,253 4,692 Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $ 614 and $ 623 4,059 4,456 Inventory 1,521 1,678 Prepaid expenses 715 702 Other current assets 2,039 2,352 Total current assets 19,295 19,015 Property and equipment, net 39,286 40,432 Operating lease right-of-use assets 26,766 27,135 Financing lease right-of-use assets 3,180 3,270 Goodwill 12,234 12,234 Spectrum licenses 97,154 96,707 Other intangible assets, net 2,445 2,618 Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $ 143 and $ 150 1,908 2,042 Other assets 4,000 4,229 Total assets $ 206,268 $ 207,682 Liabilities and Stockholders' Equity Current liabilities Accounts payable and accrued liabilities $ 7,720 $ 10,373 Short-term debt 5,356 3,619 Deferred revenue 846 825 Short-term operating lease liabilities 3,443 3,555 Short-term financing lease liabilities 1,265 1,260 Other current liabilities 1,933 1,296 Total current liabilities 20,563 20,928 Long-term debt 71,361 69,903 Long-term debt to affiliates 1,496 1,496 Tower obligations 3,751 3,777 Deferred tax liabilities 14,187 13,458 Operating lease liabilities 27,827 28,240 Financing lease liabilities 1,163 1,236 Other long-term liabilities 3,846 3,929 Total long-term liabilities 123,631 122,039 Commitments and contingencies (Note 12) Stockholders' equity Common stock, par value $ 0.00001 per share, 2,000,000,000 shares authorized; 1,266,294,032 and 1,262,904,154 shares issued, 1,177,240,110 and 1,195,807,331 shares outstanding — — Additional paid-in capital 67

View Full Filing

View this 10-Q filing on SEC EDGAR