Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

T-Mobile US Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Accounts payable 2.04 2.68 3.41 3.15 2.78
Payroll and related benefits 0.52 0.55 0.58 0.65 0.58
Property and other taxes, including payroll 0.73 0.82 0.78 0.89 0.77
Accrued interest 0.44 0.39 0.35 0.34 0.39
Other 0.35 0.55 0.68 0.50 0.58
Accounts payable and accrued liabilities 4.07% 4.99% 5.81% 5.52% 5.09%
Short-term debt 1.96 1.74 2.44 1.64 2.29
Short-term debt to affiliates 0.00 0.00 0.00 1.09 0.00
Deferred revenue 0.59 0.40 0.37 0.41 0.51
Short-term operating lease liabilities 1.58 1.71 1.66 1.66 1.93
Short-term financing lease liabilities 0.56 0.61 0.55 0.54 0.53
Other current liabilities 0.94 0.62 0.88 0.52 0.48
Current liabilities 9.70% 10.08% 11.71% 11.38% 10.84%
Long-term debt 34.95 33.66 30.90 32.47 30.89
Long-term debt to affiliates 0.72 0.72 0.71 0.72 2.36
Tower obligations 1.76 1.82 1.86 1.36 1.51
Deferred tax liabilities 8.03 6.48 5.15 4.95 4.98
Long-term operating lease liabilities 12.69 13.60 14.13 12.50 13.35
Long-term financing lease liabilities 0.55 0.60 0.65 0.70 0.72
Other long-term liabilities 1.92 1.89 1.94 2.47 2.70
Long-term liabilities 60.62% 58.76% 55.33% 55.17% 56.51%
Total liabilities 70.32% 68.84% 67.04% 66.55% 67.35%
Common Stock, par value $0.00001 per share 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 33.07 32.60 34.99 35.48 36.36
Treasury stock, at cost -9.89 -4.51 -1.43 -0.01 -0.01
Accumulated other comprehensive loss -0.41 -0.46 -0.49 -0.66 -0.79
Retained earnings (accumulated deficit) 6.91 3.54 -0.11 -1.36 -2.92
Stockholders’ equity 29.68% 31.16% 32.96% 33.45% 32.65%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Accounts payable
The proportion of accounts payable relative to total liabilities and stockholders’ equity exhibited a fluctuating trend, rising from 2.78% in 2020 to a peak of 3.41% in 2022, followed by a consistent decline to 2.04% by 2024.
Payroll and related benefits
This item showed minor variability, peaking slightly at 0.65% in 2021 before gradually decreasing to 0.52% in 2024, suggesting relatively stable labor-related obligations as a share of total liabilities and equity.
Property and other taxes, including payroll
These taxes remained relatively steady but experienced minor fluctuations, with a peak at 0.89% in 2021 and a subsequent decrease to 0.73% by 2024.
Accrued interest
Accrued interest as a percentage of total liabilities and equity slightly decreased from 0.39% in 2020 to 0.34% in 2021, but then showed a gradual increase, reaching 0.44% in 2024, indicating a rising interest expense accrual over time.
Other current liabilities
There was a rise in the 'Other' category from 0.58% in 2020 to 0.68% in 2022, followed by a decline to 0.35% in 2024, reflecting variability in miscellaneous short-term obligations.
Accounts payable and accrued liabilities
This combined measure showed a general increase from 5.09% in 2020 to 5.81% in 2022, then decreased to 4.07% by 2024, reflecting a notable reduction in short-term payables and accruals after 2022.
Short-term debt
Short-term debt fluctuated without a clear trend, initially dropping from 2.29% in 2020 to 1.64% in 2021, increasing again to 2.44% in 2022, and ultimately settling near 1.96% in 2024.
Deferred revenue
Deferred revenue decreased from 0.51% in 2020 to 0.37% in 2022, before increasing to 0.59% in 2024, indicating changes in advance payments received from customers over the period.
Short-term operating and financing lease liabilities
The short-term operating lease liabilities showed a slight decline from 1.93% in 2020 to 1.58% in 2024, while short-term financing lease liabilities remained relatively stable around 0.55-0.61% throughout the period.
Other current liabilities
Other current liabilities experienced variability, notable increases in 2022 and 2024 at 0.88% and 0.94% respectively, compared to lower values in intervening years, suggesting occasional increases in miscellaneous current obligations.
Current liabilities
The total current liabilities as a percentage of total liabilities and equity showed a slight increase from 10.84% in 2020, peaking at 11.71% in 2022, then declining steadily to 9.7% in 2024, reflecting a decreasing share of current obligations in recent years.
Long-term debt
Long-term debt progressively increased over the period, rising from 30.89% in 2020 to 34.95% in 2024, indicating a growing reliance on long-term borrowing as part of the capital structure.
Long-term debt to affiliates
This liability sharply decreased from 2.36% in 2020 to around 0.72% starting in 2021 and remained stable through 2024, suggesting a significant reduction and stabilization in intra-company long-term financing obligations.
Tower obligations
Tower obligations fluctuated modestly, with a low of 1.36% in 2021 and a high of 1.86% in 2022, then slightly declining to 1.76% in 2024, reflecting relatively consistent long-term obligations associated with infrastructure.
Deferred tax liabilities
Deferred tax liabilities demonstrated a notable upward trend, growing from 4.98% in 2020 to 8.03% in 2024, signaling increasing deferred tax obligations over the period.
Long-term operating lease liabilities
These liabilities peaked at 14.13% in 2022 after a decline from 13.35% in 2020 and decreased to 12.69% by 2024, indicating some fluctuations but generally significant long-term lease commitments.
Long-term financing lease liabilities
A downward trend was observed, decreasing from 0.72% in 2020 to 0.55% in 2024, suggesting a gradual reduction in long-term financing lease commitments.
Other long-term liabilities
Other long-term liabilities decreased from 2.7% in 2020 to 1.89% in 2023 and slightly rebounded to 1.92% in 2024, indicating a minor reduction and stabilization in other long-term obligations.
Long-term liabilities
The total long-term liabilities increased from 56.51% in 2020 to 60.62% in 2024, confirming a growing weight of long-term obligations in the overall capital structure.
Total liabilities
The total liabilities as a percentage of total liabilities and equity rose steadily from 67.35% in 2020 to 70.32% in 2024, reflecting an increasing leverage level over the period.
Additional paid-in capital
There was a gradual decline in additional paid-in capital from 36.36% in 2020 to 32.6% in 2023, with a slight increase to 33.07% in 2024, indicating slight fluctuations in capital contributions above par value.
Treasury stock, at cost
A pronounced increase in treasury stock was noted, expanding from a negligible -0.01% in 2020 to -9.89% in 2024, suggesting substantial share repurchases or holdings of treasury shares.
Accumulated other comprehensive loss
Accumulated comprehensive loss improved steadily, decreasing its negative balance from -0.79% in 2020 to -0.41% in 2024, indicating reductions in unrealized losses or other comprehensive deficits.
Retained earnings (accumulated deficit)
Retained earnings shifted positively from an accumulated deficit of -2.92% in 2020 to a positive 6.91% in 2024, reflecting improving profitability or retained earnings accumulation.
Stockholders’ equity
The proportion of stockholders’ equity declined from 32.65% in 2020 to 29.68% in 2024, despite improvements in retained earnings, likely influenced by the increase in treasury stock and reductions in additional paid-in capital.