T-Mobile US Q3 2024 10-Q Filed

TL;DR

**TMUS Q3 10-Q OUT: Debt details & postpaid revenue updated. Check it.**

AI Summary

T-Mobile US, Inc. filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter of 2024. Key financial instruments mentioned include various senior notes, such as the A3.550% Senior Notes due 2029 and A3.700% Senior Notes due 2032, indicating ongoing debt management. The company also reported branded postpaid revenue for the third quarter of 2024.

Why It Matters

This filing provides investors with the latest financial snapshot of T-Mobile US, including details on their debt structure and revenue streams, crucial for assessing the company's financial health and future prospects.

Risk Assessment

Risk Level: medium — The filing contains detailed financial information, including debt instruments and revenue figures, which are critical for investors to assess the company's financial health and associated risks.

Key Numbers

• 2024-09-30 — Reporting Period End Date (Indicates the end of the fiscal quarter for which financial data is reported.)
• 2024-07-01 — Q3 2024 Start Date (Marks the beginning of the third quarter of 2024.)
• 2023-07-01 — Q3 2023 Start Date (Marks the beginning of the third quarter of 2023 for comparative analysis.)

Key Players & Entities

• T-Mobile US, Inc. (company) — Filer of the 10-Q
• 2024-09-30 (date) — End of the reporting period
• 2024-07-01 (date) — Start of the reporting period for Q3 2024
• A3.550% Senior Notes due 2029 (dollar_amount) — Specific debt instrument mentioned
• A3.700% Senior Notes due 2032 (dollar_amount) — Specific debt instrument mentioned

FAQ

Key Financial Figures

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

Filing Documents

• tmus-20240930.htm (10-Q) — 2669KB
• tmus09302024ex101.htm (EX-10.1) — 86KB
• tmus09302024ex221.htm (EX-22.1) — 61KB
• tmus09302024ex311.htm (EX-31.1) — 9KB
• tmus09302024ex312.htm (EX-31.2) — 9KB
• tmus09302024ex321.htm (EX-32.1) — 4KB
• tmus09302024ex322.htm (EX-32.2) — 4KB
• tmus-20240930_g1.jpg (GRAPHIC) — 37KB
• 0001283699-24-000142.txt ( ) — 11423KB
• tmus-20240930.xsd (EX-101.SCH) — 79KB
• tmus-20240930_cal.xml (EX-101.CAL) — 97KB
• tmus-20240930_def.xml (EX-101.DEF) — 461KB
• tmus-20240930_lab.xml (EX-101.LAB) — 877KB
• tmus-20240930_pre.xml (EX-101.PRE) — 643KB
• tmus-20240930_htm.xml (XML) — 1586KB

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 33 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 56 Item 4.

Controls and Procedures

Controls and Procedures 57

OTHER INFORMATION

PART II. OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 58 Item 1A.

Risk Factors

Risk Factors 58 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 58 Item 3. Defaults Upon Senior Securities 58 Item 4. Mine Safety Disclosures 58 Item 5. Other Information 58 Item 6. Exhibits 59

Signatures

Signatures 60 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) September 30, 2024 December 31, 2023 Assets Current assets Cash and cash equivalents $ 9,754 $ 5,135 Accounts receivable, net of allowance for credit losses of $ 162 and $ 161 4,286 4,692 Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $ 575 and $ 623 3,595 4,456 Inventory 1,789 1,678 Prepaid expenses 953 702 Other current assets 2,154 2,352 Total current assets 22,531 19,015 Property and equipment, net 37,603 40,432 Operating lease right-of-use assets 25,833 27,135 Financing lease right-of-use assets 3,352 3,270 Goodwill 13,015 12,234 Spectrum licenses 98,736 96,707 Other intangible assets, net 2,762 2,618 Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $ 130 and $ 150 1,752 2,042 Other assets 5,158 4,229 Total assets $ 210,742 $ 207,682 Liabilities and Stockholders' Equity Current liabilities Accounts payable and accrued liabilities $ 7,496 $ 10,373 Short-term debt 5,851 3,619 Deferred revenue 1,125 825 Short-term operating lease liabilities 3,328 3,555 Short-term financing lease liabilities 1,252 1,260 Other current liabilities 1,903 1,296 Total current liabilities 20,955 20,928 Long-term debt 72,522 69,903 Long-term debt to affiliates 1,497 1,496 Tower obligations 3,695 3,777 Deferred tax liabilities 15,849 13,458 Operating lease liabilities 26,821 28,240 Financing lease liabilities 1,185 1,236 Other long-term liabilities 3,968 3,929 Total long-term liabilities 125,537 122,039 Commitments and contingencies (Note 13) Stockholders' equity Common stock, par value $ 0.00001 per share, 2,000,000,000 shares authorized; 1,270,824,969 and 1,262,904,154 shares issued, 1,164,613,922 and 1,195,807,331 shares outstanding — — Additional paid-in cap

View Full Filing

View this 10-Q filing on SEC EDGAR