Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Common-Size Income Statement

T-Mobile US Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Postpaid revenues 61.98 57.71 53.12 53.08 50.39
Prepaid revenues 12.43 12.39 12.15 13.77 21.21
Wholesale and other service revenues 6.09 6.97 7.58 6.82 3.95
Service revenues 80.50% 77.07% 72.85% 73.68% 75.55%
Equipment revenues 18.00 21.53 25.87 25.31 21.87
Other revenues 1.50 1.41 1.28 1.01 2.59
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of services, exclusive of depreciation and amortization -14.84 -18.43 -17.39 -17.37 -14.72
Cost of equipment sales, exclusive of depreciation and amortization -23.59 -27.07 -28.30 -23.96 -26.44
Cost of revenues -38.43% -45.50% -45.69% -41.33% -41.16%
Gross profit 61.57% 54.50% 54.31% 58.67% 58.84%
Selling, general and administrative -27.13 -27.15 -25.26 -27.67 -31.42
Impairment expense 0.00 -0.60 0.00 -0.61 0.00
Gain (loss) on disposal group held for sale 0.03 -1.37 0.00 0.00 0.00
Depreciation and amortization -16.32 -17.16 -20.45 -20.69 -14.70
Operating income 18.16% 8.22% 8.60% 9.70% 12.72%
Interest expense, net -4.25 -4.23 -4.17 -3.95 -2.47
Other income (expense), net 0.09 -0.04 -0.25 -0.59 -0.02
Other expense, net -4.16% -4.27% -4.42% -4.54% -2.49%
Income before income taxes 14.00% 3.95% 4.18% 5.16% 10.23%
Income tax expense -3.41 -0.70 -0.41 -1.15 -2.52
Income from continuing operations 10.59% 3.25% 3.77% 4.01% 7.71%
Income from discontinued operations, net of tax 0.00 0.00 0.00 0.47 0.00
Net income 10.59% 3.25% 3.77% 4.48% 7.71%

Based on: 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), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. T-Mobile US Inc. operating income as a percentage of revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. T-Mobile US Inc. income before income taxes as a percentage of revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. T-Mobile US Inc. net income as a percentage of revenues decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.