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)

Microsoft Excel
Jun 30, 2025 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 3.67 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 3.01 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 0.00 0.59 1.09 1.11 1.09 0.00 0.00 0.00 0.66 2.29
Deferred revenue 0.57 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 1.57 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 0.54 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 0.00 0.32 0.00
Other current liabilities 1.02 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 10.39% 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 35.28 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 0.70 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 1.69 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 8.68 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 12.06 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 0.56 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 1.89 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 60.87% 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 71.26% 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 0.00
Additional paid-in capital 32.45 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 -12.02 -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 -0.43 -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) 8.74 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 28.74% 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% 100.00%

Based on: 10-Q (reporting date: 2025-06-30), 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
This liability category fluctuated moderately over the period, starting at 6.88% in early 2020 and generally trending downward to around 3.67% by mid-2025, indicating a relative decrease in these short-term obligations as a proportion of total liabilities and equity.
Short-term debt
Short-term debt displayed variability, starting from 2.04% in mid-2020, peaking above 3% at certain points in late 2022 and mid-2025, and experiencing several rises and falls. This variation suggests episodic increases in short-term borrowings relative to total liabilities and equity.
Short-term debt to affiliates
Data for this item is sparse and limited to a few early periods, showing a decrease from 2.29% to about 0.59%, followed by missing values. No clear trend can be inferred due to limited observations.
Deferred revenue
Deferred revenue remained relatively stable, decreasing slightly from 0.71% in early 2020 to around 0.37% by late 2022, before increasing gradually to 0.57% by mid-2025, indicating a modest growth in deferred revenue liabilities as a percentage of total financing.
Short-term operating lease liabilities
This category showed a steady decline from 2.51% to about 1.5%-1.7% range, with minor fluctuations, suggesting a general reduction in short-term lease liabilities relative to total capital structure.
Short-term financing lease liabilities
Values remained fairly stable near the 0.5% to 0.6% mark throughout the periods reviewed, indicating consistent levels of financing lease obligations within short-term liabilities.
Other current liabilities
Other current liabilities began at 3.47%, decreased sharply to below 1% by mid-2020, and then showed gradual increases reaching around 1.02% by mid-2025. This suggests an initial reduction followed by a gradual buildup of other current obligations.
Current liabilities (total)
Total current liabilities as a share of total financing decreased from 16.92% in early 2020 to a low point near 9.5%-10%, and remained somewhat stable with slight fluctuations, reflecting a moderate reduction in short-term obligations relative to total liabilities and equity.
Long-term debt
Long-term debt exhibited an initial sharp rise from 12.56% in early 2020 to above 30% by mid-2020, then maintained a relatively stable range between roughly 30% and 35%, ending at approximately 35.28% by mid-2025. This indicates a significant increase in reliance on long-term borrowing, stabilizing thereafter.
Long-term debt to affiliates
This category declined significantly from 13.74% to below 1% in mid-2020 and remained stable at that low level afterward, reflecting a reduction in related-party long-term borrowings.
Tower obligations
Tower obligations declined from 2.56% to around 1.3%-1.9% range, showing a gradual decrease as a proportion of total financing, with minor fluctuations throughout the periods reviewed.
Deferred tax liabilities
Deferred tax liabilities consistently increased from 6.44% in early 2020 to 8.68% by mid-2025, indicating a growing deferred tax burden relative to total liabilities and equity.
Long-term operating lease liabilities
Long-term operating lease liabilities showed variability, initially decreasing from 12% to about 8.27% in mid-2020, then rising back up, ranging between 12% and 14.8%, before gradually declining again to around 12.06% by mid-2025. This reflects fluctuations in lease commitments classified as long-term liabilities.
Long-term financing lease liabilities
These liabilities remained relatively stable around 0.5% to 0.7%, suggesting consistent financing lease obligations over the longer term without significant changes.
Other long-term liabilities
Other long-term liabilities rose from just above 1% to nearly 2.7% in late 2020, then fluctuated within the 1.7% to 2.0% range, indicating some volatility but no clear upward or downward trend.
Long-term liabilities (total)
Long-term liabilities increased from about 49.86% in early 2020 to above 60% by mid-2025, demonstrating a steady upward trend in long-term obligations as a share of total financing.
Total liabilities
Total liabilities remained stable in the mid to high 60% range, increasing slightly from approximately 66.78% to roughly 71.26% by mid-2025. This suggests a moderate growth in total liabilities relative to the combined liabilities and stockholders’ equity.
Additional paid-in capital
Additional paid-in capital decreased from 44.25% in early 2020 to around 32.45% by mid-2025, reflecting a reduction in the proportion of financing derived from paid-in capital.
Treasury stock, at cost
Treasury stock holdings increased significantly from negligible levels (around -0.01%) in early 2020 to a high of -12.02% by mid-2025, implying active share repurchase or accumulation of treasury stock over the period.
Accumulated other comprehensive loss
This metric remained relatively stable with minor fluctuations, around -1.9% initially and ending near -0.43%, suggesting a slight reduction in accumulated comprehensive losses as a percentage of total financing.
Retained earnings (accumulated deficit)
Retained earnings improved steadily from a negative position of -9.11% in early 2020 to a positive 8.74% by mid-2025, indicating strengthening profitability or earnings retention over time.
Stockholders’ equity
Stockholders’ equity as a share of total financing declined from 33.22% to around 28.74%, showing a gradual reduction in the equity portion, likely due to increased liabilities or share repurchases over time.
Summary
Overall, the data reveals a strategic shift towards increased long-term borrowing, with long-term liabilities rising steadily. Concurrently, the company has reduced its reliance on short-term liabilities and related-party debts. The gradual decrease in additional paid-in capital combined with rising treasury stock levels suggests active capital management through share repurchases. Retained earnings have improved markedly, reflecting better operational profitability or earnings retention. Despite growth in total liabilities, stockholders' equity has slightly contracted as a percentage of total financing, implying a modest change in capital structure with greater leverage utilized over the period.