Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

T-Mobile US Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Postpaid revenues	48,692)	45,919)	42,562)	36,306)	22,673)
Prepaid revenues	9,767)	9,857)	9,733)	9,421)	9,543)
Wholesale and other service revenues	4,782)	5,547)	6,074)	4,668)	1,778)
Service revenues	63,241)	61,323)	58,369)	50,395)	33,994)
Equipment revenues	14,138)	17,130)	20,727)	17,312)	9,840)
Other revenues	1,179)	1,118)	1,022)	690)	1,164)
Revenues	78,558)	79,571)	80,118)	68,397)	44,998)
Cost of services, exclusive of depreciation and amortization	(11,655)	(14,666)	(13,934)	(11,878)	(6,622)
Cost of equipment sales, exclusive of depreciation and amortization	(18,533)	(21,540)	(22,671)	(16,388)	(11,899)
Cost of revenues	(30,188)	(36,206)	(36,605)	(28,266)	(18,521)
Gross profit	48,370)	43,365)	43,513)	40,131)	26,477)
Selling, general and administrative	(21,311)	(21,607)	(20,238)	(18,926)	(14,139)
Impairment expense	—)	(477)	—)	(418)	—)
Gain (loss) on disposal group held for sale	25)	(1,087)	—)	—)	—)
Depreciation and amortization	(12,818)	(13,651)	(16,383)	(14,151)	(6,616)
Operating income	14,266)	6,543)	6,892)	6,636)	5,722)
Interest expense, net	(3,335)	(3,364)	(3,342)	(2,701)	(1,111)
Other income (expense), net	68)	(33)	(199)	(405)	(8)
Other expense, net	(3,267)	(3,397)	(3,541)	(3,106)	(1,119)
Income before income taxes	10,999)	3,146)	3,351)	3,530)	4,603)
Income tax expense	(2,682)	(556)	(327)	(786)	(1,135)
Income from continuing operations	8,317)	2,590)	3,024)	2,744)	3,468)
Income from discontinued operations, net of tax	—)	—)	—)	320)	—)
Net income	8,317)	2,590)	3,024)	3,064)	3,468)

Based on: 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), 10-K (reporting date: 2019-12-31).

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Income statement item	Description	The company
Revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	T-Mobile US Inc. revenues decreased from 2021 to 2022 and from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	T-Mobile US Inc. operating income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	T-Mobile US Inc. income before income taxes decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	T-Mobile US Inc. net income decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

T-Mobile US Inc. (NASDAQ:TMUS)

Income Statement