Common-Size Balance Sheet: Assets
Paying user area
Try for free
T-Mobile US Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to T-Mobile US Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
T-Mobile US Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The analysis of the annual financial data reveals several clear trends over the period from 2020 to 2024, expressed as percentages of total assets.
- Liquidity and Current Assets
- Cash and cash equivalents as a percentage of total assets show a decreasing trend from 5.19% in 2020 to 2.13% in 2022, with a slight recovery to 2.6% by 2024. Similarly, accounts receivable remains relatively stable, fluctuating mildly around 2.1%. Equipment installment plan receivables see an increase early on, peaking at 2.42% in 2022, then slightly declining to 2.1% by 2024. Inventory steadily decreases from 1.26% to 0.77%, indicating possible improved inventory management or a shift in operational focus. Prepaid expenses increase marginally toward 2024, from 0.31% to 0.42%, while other current assets exhibit a decline from 1.25% in 2020 to 0.89% in 2024. Overall, current assets as a proportion of total assets reduce consistently from 11.93% to 8.85%, suggesting a strategic shift towards less liquidity or a greater focus on long-term investments.
- Property, Equipment, and Lease Assets
- Net property and equipment assets show a moderate decline from 20.57% to 18.52%, which could indicate depreciation outpacing capital expenditures or asset sales. Financing lease right-of-use assets remain relatively stable around 1.5%. When combined, property, equipment, and financing lease assets decline from 22.08% to 20.01%. Operating lease right-of-use assets experience a gradual decrease from 14% to 12.21%, demonstrating a possible reduction in leased asset commitments or renegotiation of lease terms.
- Intangible Assets and Goodwill
- Goodwill increases from 5.55% to 6.25%, indicating potential accumulations from acquisitions. Spectrum licenses, a major component of intangible assets, show a steady increase from 41.38% to 48.34%, highlighting significant investment or capitalization in spectrum assets over time. Other intangible assets, net, reduce markedly from 2.65% to 1.21%, which might reflect amortization or impairment charges. Overall, intangible assets increase from 44.03% to 49.54%, underscoring a growing reliance on intangible resources.
- Long-term Assets
- Long-term assets as a whole increase from 88.07% to 91.15%, confirming the shift away from current assets toward long-term investments or capital assets. This further supports the observation that the company is prioritizing long-term strategic assets over liquid short-term assets.
- Other Observations
- Equipment installment plan receivables due after one year fluctuate slightly but remain generally stable around 1%. Other assets show a gradual increase from 1.39% to 2.08%, which could include various non-current items adding to asset diversification.
In summary, the financial data indicates a strategic trend towards decreased liquidity and current assets, offset by increased investment in long-term and intangible assets, especially spectrum licenses. There is a notable emphasis on capitalizing on intangible assets and a subtle reduction in physical asset proportions, combined with slight shifts in lease asset holdings. This may reflect the company's focus on strengthening long-term value drivers and adjusting its asset portfolio to align with evolving operational priorities and market conditions.