Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

$24.99

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., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 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
Cash and cash equivalents
Accounts receivable, net of allowance for credit losses
Equipment installment plan receivables, net of allowance for credit losses and imputed discount
Inventory
Prepaid expenses
Other current assets
Current assets
Property and equipment, net
Financing lease right-of-use assets
Property and equipment, net, including financing lease right-of-use assets
Operating lease right-of-use assets
Goodwill
Spectrum licenses
Other intangible assets, net
Intangible assets, net
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 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).


Total assets exhibit a general trend of stability with moderate growth, rising from 203,332 million USD in March 2021 to 214,667 million USD by March 2026. The balance sheet is heavily dominated by long-term assets, which consistently account for the vast majority of the total asset base throughout the analyzed period.

Current Asset Dynamics
Cash and cash equivalents demonstrate significant volatility, peaking at 12,003 million USD in March 2025 before declining to 3,520 million USD by March 2026. Accounts receivable have remained relatively stable, fluctuating between 3,612 million USD and 5,084 million USD. A notable increase in other current assets is observed starting in late 2024, ascending from approximately 1,853 million USD in December 2024 to 5,403 million USD by March 2026.
Inventory levels showed a general decline from 2,209 million USD in March 2021 to a low of 1,319 million USD in June 2024, followed by a recovery to 2,327 million USD by March 2026.
Intangible Asset Composition
Spectrum licenses represent the largest single asset component, showing a substantial increase from 82,901 million USD in March 2021 to a peak of 100,558 million USD in December 2024, eventually stabilizing around 97,564 million USD by March 2026.
Goodwill remained constant at 12,234 million USD for several years before increasing to 13,664 million USD in the final period. Conversely, other intangible assets experienced a steady downward trajectory, decreasing from 4,892 million USD in March 2021 to 3,573 million USD by March 2026.
Long-term and Fixed Assets
Property and equipment, net, showed a gradual decline from a high of 42,086 million USD in December 2022 to 37,262 million USD in March 2026. Operating lease right-of-use assets followed a similar descending pattern, moving from 27,793 million USD in March 2021 to 25,021 million USD by the end of the period.
Other assets exhibited a significant increase in the latter part of the timeline, growing from 4,325 million USD in September 2024 to 10,146 million USD by March 2026.
Receivables Trends
Equipment installment plan (EIP) receivables, both current and long-term, show cyclical behavior. Current EIP receivables peaked at 5,129 million USD in June 2022 before declining and then stabilizing around 4,935 million USD. Long-term EIP receivables fluctuated between a low of 1,752 million USD in September 2024 and a high of 2,837 million USD in March 2022.

Assets: Selected Items


Current Assets: Selected Items