Balance Sheet: Assets
Quarterly Data
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:
- Cash Flow Statement
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Assets (ROA) since 2013
- Current Ratio since 2013
- Price to Operating Profit (P/OP) since 2013
- Price to Book Value (P/BV) since 2013
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T-Mobile US Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).
The asset composition of the company exhibits varied trends over the observed period from March 2021 to December 2025. Current assets demonstrate fluctuations, while long-term assets generally show an increasing trend, particularly driven by spectrum licenses and intangible assets. A detailed examination of individual asset categories reveals specific patterns.
- Cash and Cash Equivalents
- Cash and cash equivalents experienced considerable volatility. A decrease is noted from March 2021 to September 2021, followed by a recovery. Throughout 2022 and early 2023, levels remained relatively stable before increasing significantly in the latter half of 2024 and early 2025, peaking in March 2025. This suggests potential shifts in liquidity management or investment strategies.
- Accounts Receivable
- Accounts receivable remained relatively stable between approximately US$4.0 billion and US$4.6 billion throughout the period. A slight upward trend is observable towards the end of the period, potentially indicating changes in sales terms or collection efficiency.
- Equipment Installment Plan Receivables
- Equipment installment plan receivables generally increased from March 2021 to December 2022, peaking around US$5.1 billion. A subsequent decline is observed through June 2024, followed by a rebound in late 2024 and early 2025, though remaining below peak levels. This suggests evolving financing strategies for equipment purchases.
- Inventory
- Inventory levels fluctuated, with a peak in December 2021. A general downward trend is apparent from March 2022 through March 2024, followed by a moderate increase in the latter part of 2024 and 2025. This could reflect changes in supply chain management or demand patterns.
- Prepaid Expenses
- Prepaid expenses showed an increasing trend, particularly noticeable in the first half of 2024, reaching US$1.215 billion in December 2025. This suggests increased upfront payments for services or goods.
- Other Current Assets
- Other current assets demonstrated an overall increasing trend, with significant growth in late 2024 and early 2025, reaching US$9.862 billion in September 2025. The composition of this category warrants further investigation.
- Current Assets (Total)
- Total current assets fluctuated throughout the period, peaking in June 2025. The overall trend is relatively stable, with variations driven by the individual components described above.
- Property and Equipment, Net
- Property and equipment, net, remained relatively stable, fluctuating between approximately US$38 billion and US$42 billion. A slight downward trend is observed in the latter part of the period.
- Financing and Operating Lease Right-of-Use Assets
- Both financing and operating lease right-of-use assets experienced a gradual decline over the period, indicating a potential shift away from lease-based financing arrangements.
- Goodwill
- Goodwill remained relatively constant until March 2024, when it increased to US$13.015 billion and remained at a similar level through December 2025. This suggests potential acquisitions or revaluation of existing goodwill.
- Spectrum Licenses
- Spectrum licenses represent a significant portion of the company’s assets and exhibited a substantial increase from March 2021 to December 2022. A decrease is observed in 2023 and 2024, followed by a slight recovery in 2025. This likely reflects ongoing investments in spectrum acquisition.
- Intangible Assets, Net
- Intangible assets, net, followed a similar trend to spectrum licenses, with a significant increase through 2022 and fluctuations thereafter. This category, combined with spectrum licenses, constitutes a substantial portion of the company’s long-term assets.
- Long-Term Assets (Total)
- Total long-term assets generally increased over the period, primarily driven by the growth in spectrum licenses and intangible assets. This indicates a long-term investment strategy focused on these areas.
- Total Assets (Total)
- Total assets mirrored the trends in long-term and current assets, demonstrating fluctuations but generally remaining above US$200 billion throughout the period. The increase in assets in late 2024 and early 2025 is notable.