T-Mobile US Q2 2024 10-Q Filed

TL;DR

**T-Mobile Q2 10-Q out: Notes due 2029, 2032, 2036 detailed. Postpaid revenue up.**

AI Summary

T-Mobile US, Inc. filed its 10-Q for the period ending June 30, 2024. The filing details financial information, including various senior notes such as the A3.550% Senior Notes Due 2029, A3.700% Senior Notes Due 2032, and A3.850% Senior Notes Due 2036. It also reports branded postpaid revenue for the second quarter of 2024 and 2023.

Why It Matters

This filing provides investors with an update on T-Mobile's financial health and debt obligations, crucial for understanding the company's stability and future investment potential.

Risk Assessment

Risk Level: medium — The filing details significant debt obligations through various senior notes, which can impact financial risk.

Key Numbers

• 20240630 — Reporting Period End Date (Indicates the end of the fiscal quarter being reported.)
• 20240731 — Filing Date (Shows when the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• T-Mobile US, Inc. (company) — Filer
• A3.550% Senior Notes Due 2029 (dollar_amount) — Debt Instrument
• A3.700% Senior Notes Due 2032 (dollar_amount) — Debt Instrument
• A3.850% Senior Notes Due 2036 (dollar_amount) — Debt Instrument

FAQ

Key Financial Figures

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

Filing Documents

• tmus-20240630.htm (10-Q) — 2632KB
• tmus06302024ex44.htm (EX-4.4) — 39KB
• tmus06302024ex45.htm (EX-4.5) — 39KB
• tmus06302024ex46.htm (EX-4.6) — 39KB
• tmus06302024ex101.htm (EX-10.1) — 17KB
• tmus06302024ex102.htm (EX-10.2) — 143KB
• tmus06302024ex103.htm (EX-10.3) — 12KB
• tmus06302024ex221.htm (EX-22.1) — 62KB
• tmus06302024ex311.htm (EX-31.1) — 9KB
• tmus06302024ex312.htm (EX-31.2) — 9KB
• tmus06302024ex321.htm (EX-32.1) — 4KB
• tmus06302024ex322.htm (EX-32.2) — 4KB
• tmus-20240630_g1.jpg (GRAPHIC) — 37KB
• 0001283699-24-000111.txt ( ) — 11368KB
• tmus-20240630.xsd (EX-101.SCH) — 77KB
• tmus-20240630_cal.xml (EX-101.CAL) — 97KB
• tmus-20240630_def.xml (EX-101.DEF) — 434KB
• tmus-20240630_lab.xml (EX-101.LAB) — 862KB
• tmus-20240630_pre.xml (EX-101.PRE) — 616KB
• tmus-20240630_htm.xml (XML) — 1548KB

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 9 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 31 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 53 Item 4.

Controls and Procedures

Controls and Procedures 53

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 54 Item 1A.

Risk Factors

Risk Factors 54 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 54 Item 3. Defaults Upon Senior Securities 55 Item 4. Mine Safety Disclosures 55 Item 5. Other Information 55 Item 6. Exhibits 56

Signatures

Signatures 57 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) June 30, 2024 December 31, 2023 Assets Current assets Cash and cash equivalents $ 6,417 $ 5,135 Accounts receivable, net of allowance for credit losses of $ 160 and $ 161 4,563 4,692 Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $ 587 and $ 623 3,776 4,456 Inventory 1,319 1,678 Prepaid expenses 1,059 702 Other current assets 2,163 2,352 Total current assets 19,297 19,015 Property and equipment, net 38,222 40,432 Operating lease right-of-use assets 26,240 27,135 Financing lease right-of-use assets 3,271 3,270 Goodwill 13,015 12,234 Spectrum licenses 98,661 96,707 Other intangible assets, net 2,978 2,618 Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $ 132 and $ 150 1,780 2,042 Other assets 5,093 4,229 Total assets $ 208,557 $ 207,682 Liabilities and Stockholders' Equity Current liabilities Accounts payable and accrued liabilities $ 7,591 $ 10,373 Short-term debt 5,867 3,619 Deferred revenue 1,098 825 Short-term operating lease liabilities 3,202 3,555 Short-term financing lease liabilities 1,252 1,260 Other current liabilities 4,028 1,296 Total current liabilities 23,038 20,928 Long-term debt 70,203 69,903 Long-term debt to affiliates 1,496 1,496 Tower obligations 3,725 3,777 Deferred tax liabilities 15,022 13,458 Operating lease liabilities 27,272 28,240 Financing lease liabilities 1,133 1,236 Other long-term liabilities 4,032 3,929 Total long-term liabilities 122,883 122,039 Commitments and contingencies (Note 13) Stockholders' equity Common stock, par value $ 0.00001 per share, 2,000,000,000 shares authorized; 1,269,805,042 and 1,262,904,154 shares issued, 1,166,772,891 and 1,195,807,331 shares outstanding — — Additional paid-in capital

View Full Filing

View this 10-Q filing on SEC EDGAR