Balance Sheet: Assets
The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
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T-Mobile US Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2013
- Current Ratio since 2013
- Price to Book Value (P/BV) since 2013
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T-Mobile US Inc., consolidated balance sheet: assets
US$ in millions
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 financial data over the five-year period reveals several notable trends and shifts in the company's asset composition and liquidity position.
- Liquidity and Current Assets
- Cash and cash equivalents exhibited a declining trend from $10,385 million at the end of 2020 to $4,507 million in 2022, reflecting a significant drawdown in liquid resources during this period. However, there was a moderate recovery in 2023 and 2024, with cash balances rising to $5,409 million by the end of 2024. Accounts receivable and equipment installment plan receivables generally increased from 2020 through 2022, suggesting growth in credit sales or financing activities, but accounts receivable decreased by 9% in 2024 from the prior year. Equipment installment plan receivables showed some volatility, peaking in 2022 and then declining through 2024. Inventory levels decreased steadily each year after 2021, signaling possible improvements in inventory management or reduced stock levels. Prepaid expenses increased across the period, reaching their highest level in 2024, which may indicate greater advance payments for services or goods. Other current assets fluctuated, decreasing overall between 2020 and 2024. Collectively, current assets decreased from $23,885 million in 2020 to $18,404 million in 2024, pointing to a downward pressure on short-term resource availability.
- Fixed and Long-term Assets
- Property and equipment, net, including financing lease right-of-use assets, showed a peak in 2022 at $45,343 million, followed by a gradual decline reaching $41,624 million in 2024. This suggests capital asset turnover or depreciation exceeding investments in fixed assets in the latter years. Operating lease right-of-use assets consistently declined from $28,021 million in 2020 to $25,398 million in 2024, indicating possible lease terminations or asset disposals.
- Intangible assets demonstrated mixed trends. Goodwill increased steadily, reaching $13,005 million by 2024, which may reflect acquisitions or revaluations. Spectrum licenses also showed consistent growth, increasing from $82,828 million in 2020 to $100,558 million in 2024, highlighting continued investment in critical telecommunications licenses. Conversely, other intangible assets declined sharply, continuing a downward trend from $5,298 million in 2020 to $2,512 million in 2024. Overall intangible assets, net, increased, driven primarily by growth in spectrum licenses and goodwill.
- Other long-term assets steadily increased from $2,779 million in 2020 to $4,325 million in 2024, contributing to overall asset growth. However, equipment installment plan receivables due after one year declined after peaking in 2021, suggesting diminishing long-term financed receivables.
- Total Assets
- Total assets rose from $200,162 million in 2020 to $211,338 million in 2022 but then stabilized and slightly decreased, ending at $208,035 million in 2024. This suggests that after a phase of asset accumulation, the company reached a plateau with minor contractions possibly due to asset disposals or depreciation outpacing new capital expenditures.