Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable and accrued liabilities 3.68 4.07 3.56 3.64 3.74 4.99 4.63 4.69 5.28 5.81 5.61 5.34 5.29 5.52 4.32 4.12 4.28 5.09 4.36 4.99 6.88
Short-term debt 3.83 1.96 2.78 2.81 2.60 1.74 1.65 3.67 2.48 2.44 3.47 1.40 1.36 1.64 1.04 2.28 2.18 2.29 1.93 2.04 0.00
Short-term debt to affiliates 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.59 1.09 1.11 1.09 0.00 0.00 0.00 0.66 2.29
Deferred revenue 0.56 0.59 0.53 0.53 0.41 0.40 0.40 0.38 0.38 0.37 0.36 0.39 0.40 0.41 0.45 0.46 0.48 0.51 0.56 0.63 0.71
Short-term operating lease liabilities 1.54 1.58 1.58 1.54 1.67 1.71 1.70 1.56 1.64 1.66 1.58 1.60 1.54 1.66 1.52 1.75 1.72 1.93 1.90 2.22 2.51
Short-term financing lease liabilities 0.53 0.56 0.59 0.60 0.61 0.61 0.62 0.58 0.56 0.55 0.58 0.58 0.53 0.54 0.57 0.51 0.50 0.53 0.55 0.56 1.05
Liabilities held for sale 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.32 0.00
Other current liabilities 0.88 0.94 0.90 1.93 0.94 0.62 1.41 0.78 1.01 0.88 0.75 0.53 0.46 0.52 0.51 0.48 0.43 0.48 1.01 0.96 3.47
Current liabilities 11.01% 9.70% 9.94% 11.05% 9.97% 10.08% 10.41% 11.67% 11.35% 11.71% 12.35% 9.85% 10.17% 11.38% 9.52% 10.70% 9.59% 10.84% 10.31% 12.39% 16.92%
Long-term debt 35.42 34.95 34.41 33.66 34.60 33.66 33.74 32.60 32.37 30.90 30.37 31.77 31.74 32.47 32.97 32.28 32.65 30.89 30.32 33.54 12.56
Long-term debt to affiliates 0.70 0.72 0.71 0.72 0.73 0.72 0.72 0.71 0.71 0.71 0.70 0.71 0.71 0.72 0.74 1.22 2.32 2.36 2.45 2.51 13.74
Tower obligations 1.69 1.76 1.75 1.79 1.82 1.82 1.83 1.83 1.85 1.86 1.86 1.91 1.92 1.36 1.42 1.43 1.46 1.51 1.60 1.67 2.56
Deferred tax liabilities 8.16 8.03 7.52 7.20 6.88 6.48 6.18 5.81 5.48 5.15 4.87 4.98 4.94 4.95 5.13 5.09 4.99 4.98 5.39 5.34 6.44
Long-term operating lease liabilities 12.10 12.69 12.73 13.08 13.49 13.60 13.75 13.80 13.98 14.13 14.18 14.76 14.80 12.50 13.00 12.99 13.08 13.35 13.85 8.27 12.00
Long-term financing lease liabilities 0.52 0.55 0.56 0.54 0.56 0.60 0.61 0.60 0.61 0.65 0.74 0.76 0.69 0.70 0.79 0.67 0.65 0.72 0.71 0.76 1.46
Other long-term liabilities 1.93 1.92 1.88 1.93 1.86 1.89 1.75 1.78 1.81 1.94 2.07 1.82 1.81 2.47 2.58 2.56 2.61 2.70 1.86 1.87 1.10
Long-term liabilities 60.52% 60.62% 59.57% 58.92% 59.94% 58.76% 58.57% 57.11% 56.81% 55.33% 54.80% 56.72% 56.61% 55.17% 56.62% 56.25% 57.77% 56.51% 56.18% 53.96% 49.86%
Total liabilities 71.53% 70.32% 69.51% 69.97% 69.91% 68.84% 68.98% 68.78% 68.16% 67.04% 67.14% 66.56% 66.78% 66.55% 66.15% 66.95% 67.36% 67.35% 66.49% 66.35% 66.78%
Common stock, par value $0.00001 per share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 32.07 33.07 32.58 32.83 32.86 32.60 35.67 35.21 35.23 34.99 34.57 35.11 34.85 35.48 36.19 35.72 35.82 36.36 37.78 38.73 44.25
Treasury stock, at cost -10.76 -9.89 -7.55 -7.32 -6.29 -4.51 -6.76 -5.41 -3.73 -1.43 -0.32 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01 -0.01
Accumulated other comprehensive loss -0.46 -0.41 -0.42 -0.44 -0.45 -0.46 -0.45 -0.45 -0.48 -0.49 -0.59 -0.62 -0.63 -0.66 -0.73 -0.74 -0.76 -0.79 -0.84 -0.89 -1.90
Retained earnings (accumulated deficit) 7.61 6.91 5.88 4.97 3.97 3.54 2.56 1.87 0.82 -0.11 -0.80 -1.05 -1.00 -1.36 -1.60 -1.92 -2.41 -2.92 -3.42 -4.19 -9.11
Stockholders’ equity 28.47% 29.68% 30.49% 30.03% 30.09% 31.16% 31.02% 31.22% 31.84% 32.96% 32.86% 33.44% 33.22% 33.45% 33.85% 33.05% 32.64% 32.65% 33.51% 33.65% 33.22%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Accounts payable and accrued liabilities
The proportion of accounts payable and accrued liabilities to total liabilities and stockholders’ equity exhibited a declining trend from 6.88% in March 2020 to around 4.28%-4.32% in early 2021, followed by fluctuations with a gradual decrease to 3.68% by March 2025. This suggests a relative reduction in short-term payables over the period.
Short-term debt
Short-term debt as a percentage showed inconsistency, rising from 2.04% in June 2020 to a peak of 3.67% in September 2023 before falling back to 1.96% in March 2025. This indicates fluctuating reliance on short-term external borrowings.
Short-term debt to affiliates
This category was recorded intermittently, with a decline from 2.29% in March 2020 to negligible or no reported values after September 2021, indicating a reduced or discontinued use of affiliate short-term financing.
Deferred revenue
Deferred revenue consistently decreased slightly from 0.71% in March 2020 to about 0.37% during late 2022, then showed a gradual increase to 0.56% by March 2025, reflecting changes in advance payments or obligations over time.
Operating lease liabilities (short-term and long-term)
Short-term operating lease liabilities steadily declined from 2.51% in March 2020 to about 1.54% by March 2025. Long-term operating lease liabilities showed volatility, falling initially from 12% to around 8.27% in mid-2020, then increasing to nearly 14.8% by March 2022 before tapering down to 12.1% by March 2025. These trends suggest shifts in lease commitments and possibly lease accounting changes.
Financing lease liabilities (short-term and long-term)
Short-term financing lease liabilities declined slightly from 1.05% in March 2020 to 0.53% in March 2025, while long-term financing leases decreased from 1.46% to 0.52% over the same period, indicating a moderate reduction in lease-financing obligations.
Other current liabilities
Other current liabilities fell sharply from 3.47% in March 2020 to below 1% in subsequent quarters but experienced a minor rise and fluctuations from 2022 onwards, ending at 0.88% in March 2025. This may reflect variability in miscellaneous current obligations.
Current liabilities
Current liabilities showed a decreasing trend from 16.92% in March 2020 to around 9.59%-11.71% in 2022 with fluctuations thereafter, stabilizing near 11% toward the end of the period. This indicates a relative stability with some variability in short-term obligations.
Long-term debt
Long-term debt increased sharply from 12.56% in March 2020 to above 30% by September 2020 and maintained a generally upward trend to 35.42% by March 2025, indicating a significant increase in long-term borrowings relative to total liabilities and equity.
Long-term debt to affiliates
Long-term debt to affiliates declined steeply from 13.74% in March 2020 to below 1% by late 2020 and remained stable at around 0.7% thereafter, reflecting a reduced reliance on affiliate funding for long-term debt.
Tower obligations
Tower obligations decreased moderately from 2.56% in March 2020 to 1.36% by late 2021, then experienced a rebound to nearly 1.92% in early 2022, gradually declining again to 1.69% by March 2025, suggesting variable liabilities related to infrastructure.
Deferred tax liabilities
Deferred tax liabilities showed a decreasing trend from 6.44% in March 2020 down to about 4.87% in late 2022, followed by a steady rise reaching 8.16% by March 2025, indicating changing future tax obligations influence.
Other long-term liabilities
Other long-term liabilities increased from 1.10% in March 2020 peaking at 2.70% in early 2021, then declined and stabilized around 1.75%-1.93% through the remainder of the period, suggesting episodic changes in miscellaneous long-term liabilities.
Total long-term liabilities
Total long-term liabilities rose from 49.86% in March 2020 to approximately 60.52% by March 2025, representing a growing proportion of long-term obligations within the capital structure.
Total liabilities
Total liabilities as a percentage of total liabilities and stockholders’ equity remained relatively stable, fluctuating around 66% to 71%, with a slight upward trend to 71.53% by March 2025, showing consistent leverage levels.
Additional paid-in capital
This component declined gradually from 44.25% in March 2020 to about 32.07% in March 2025, which may imply share repurchases or other capital structure changes affecting paid-in capital.
Treasury stock
Treasury stock showed a steady increase in absolute negative values, moving from near zero in early 2020 to -10.76% by March 2025, indicating ongoing repurchase of shares and an increasing proportion of treasury stock relative to the capital base.
Accumulated other comprehensive loss
The accumulated other comprehensive loss reduced in magnitude from -1.9% in March 2020 to approximately -0.41% by late 2024, slightly increasing to -0.46% by March 2025, suggesting some recovery or stabilization of other comprehensive income effects.
Retained earnings (accumulated deficit)
Retained earnings improved markedly, shifting from a negative balance of -9.11% in March 2020 to a positive 7.61% in March 2025, reflecting cumulative profitability and strengthened equity over the period.
Stockholders' equity
Stockholders’ equity decreased overall from 33.22% in March 2020 to 28.47% in March 2025, marked by fluctuations and reflecting the combined effects of retained earnings growth, treasury stock increases, and changes in paid-in capital.