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.
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- 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 income statement
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 financial data from the analyzed periods reveals several noteworthy trends and shifts in both revenues and expenses, ultimately influencing the profitability of the entity.
- Revenues
- Postpaid revenues have shown a consistent upward trend, growing steadily from 36,306 million US dollars in 2020 to 52,340 million US dollars in 2024, indicating a strong and expanding customer base in this segment. Prepaid revenues have remained relatively stable with modest growth, increasing slightly from 9,421 million US dollars to 10,399 million US dollars over the period. Wholesale and other service revenues exhibit a declining pattern after peaking in 2021 at 6,074 million US dollars, dropping significantly to 3,439 million US dollars by 2024.
- Overall service revenues have increased from 50,395 million US dollars in 2020 to 66,178 million US dollars in 2024, demonstrating healthy growth driven primarily by postpaid services. Equipment revenues, after rising sharply in 2021 to 20,727 million US dollars, declined notably in the following years, stabilizing around 14,263 million US dollars in 2024, which could suggest a shift in sales strategy or demand. Other revenues have shown a modest increase with some fluctuations.
- Total revenues peaked in 2021 at 80,118 million US dollars but slightly decreased in 2022 and 2023, before recovering to 81,400 million US dollars in 2024, reflecting a relatively stable overall top-line performance with some volatility.
- Costs
- Cost of services, exclusive of depreciation and amortization, has declined significantly from 11,878 million US dollars in 2020 to 10,771 million US dollars in 2024, suggesting efficiency improvements in service delivery or cost management efforts. Conversely, the cost of equipment sales peaked in 2021 at 22,671 million US dollars and has since decreased, though remaining substantial, aligning with the trend in equipment revenues.
- Total cost of revenues follows a similar pattern, peaking in 2021 at 36,605 million US dollars and then decreasing to 29,653 million US dollars in 2024, contributing to improving gross profit margins.
- Profitability
- Gross profit exhibited steady growth after 2021, increasing from 40,131 million US dollars in 2020 to 51,747 million US dollars in 2024, highlighting an overall strengthening of profitability at the gross level.
- Selling, general, and administrative expenses have remained relatively stable at around 20,000 million US dollars annually, suggesting controlled operating expenses despite revenue fluctuations. Impairment expenses are inconsistent across years, showing costs in 2020 and 2022 but none reported in other periods. A notable loss on disposal in 2022 contrasts with a gain in 2023, indicating some asset management activities impacting operating results.
- Depreciation and amortization expenses peaked in 2021 at 16,383 million US dollars but decreased afterward, reflecting changes in asset base or amortization schedules.
- Operating income fluctuated but showed marked improvement from 6,636 million US dollars in 2020 to 18,010 million US dollars in 2024, more than doubling, indicating enhanced operational efficiency and profit growth.
- Other income and expenses
- Interest expense remained relatively constant at around 3,300 million US dollars annually, indicating stable financing costs. Other income (expense), net, moved from negative values in early years to a positive trend by 2024, contributing favorably to overall earnings.
- Overall, other expense, net, decreased slightly over time, supporting improved income before taxes.
- Net income and taxes
- Income before income taxes saw a strong upward trend, rising from 3,530 million US dollars in 2020 to 14,712 million US dollars in 2024. Despite this, income tax expense showed irregular movements with a notable increase in 2023 and 2024, possibly due to changes in tax rates or taxable income components. Nevertheless, income from continuing operations and net income have both improved substantially, with net income climbing from 3,064 million US dollars in 2020 to 11,339 million US dollars in 2024, reflecting enhanced profitability and operational success.
- Income from discontinued operations was reported exclusively in 2020 and absent thereafter, indicating the conclusion of related activities.
In summary, the data exhibits robust growth in service-related revenues, particularly postpaid services, supported by effective cost management and stable operating expenses. The decline in equipment-related revenues and costs suggests a shift in business focus or market demand. Profitability has improved significantly at operating and net income levels, indicating strong operational control and favorable financial performance in recent years.