Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Income Statement
Quarterly Data

Beginner level

The income statement presents information on the financial results of a company’s 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 (quarterly data)

US$ in millions

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3 months ended: Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016
Postpaid revenues 10,251  10,209  9,959  5,887  5,821  5,746  5,613  5,493  5,384  5,244  5,164  5,070  4,983  4,920  4,820  4,725  4,680  4,647  4,509  4,302 
Prepaid revenues 2,354  2,383  2,311  2,373  2,393  2,385  2,379  2,386  2,399  2,395  2,402  2,402  2,371  2,376  2,334  2,299  2,227  2,182  2,119  2,025 
Wholesale revenues 927  930  408  325  341  321  313  304  304  338  275  266  324  274  234  270  258  238  207  200 
Roaming and other service revenues 781  617  552  128  153  131  121  94  102  89  90  68  79  59  57  35  80  66  53  51 
Service revenues 14,313  14,139  13,230  8,713  8,708  8,583  8,426  8,277  8,189  8,066  7,931  7,806  7,757  7,629  7,445  7,329  7,245  7,133  6,888  6,578 
Equipment revenues 5,973  4,953  4,269  2,117  2,875  2,186  2,263  2,516  2,940  2,391  2,325  2,353  2,708  2,118  2,506  2,043  2,740  1,948  2,188  1,851 
Other revenues 55  180  172  283  295  292  290  287  316  382  315  296  294  272  262  241  190  165  146  170 
Revenues 20,341  19,272  17,671  11,113  11,878  11,061  10,979  11,080  11,445  10,839  10,571  10,455  10,759  10,019  10,213  9,613  10,175  9,246  9,222  8,599 
Cost of services, exclusive of depreciation and amortization (3,827) (3,314) (3,098) (1,639) (1,694) (1,733) (1,649) (1,546) (1,602) (1,586) (1,530) (1,589) (1,580) (1,594) (1,518) (1,408) (1,445) (1,436) (1,429) (1,421)
Cost of equipment sales, exclusive of depreciation and amortization (5,825) (4,367) (3,667) (2,529) (3,518) (2,704) (2,661) (3,016) (3,568) (2,862) (2,772) (2,845) (3,459) (2,617) (2,846) (2,686) (3,287) (2,539) (2,619) (2,374)
Cost of revenues (9,652) (7,681) (6,765) (4,168) (5,212) (4,437) (4,310) (4,562) (5,170) (4,448) (4,302) (4,434) (5,039) (4,211) (4,364) (4,094) (4,732) (3,975) (4,048) (3,795)
Gross profit 10,689  11,591  10,906  6,945  6,666  6,624  6,669  6,518  6,275  6,391  6,269  6,021  5,720  5,808  5,849  5,519  5,443  5,271  5,174  4,804 
Selling, general and administrative (4,758) (4,876) (5,604) (3,688) (3,656) (3,498) (3,543) (3,442) (3,498) (3,314) (3,185) (3,164) (3,291) (3,098) (2,915) (2,955) (2,959) (2,898) (2,772) (2,749)
Impairment expense —  —  (418) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Depreciation and amortization (4,219) (4,150) (4,064) (1,718) (1,776) (1,655) (1,585) (1,600) (1,640) (1,637) (1,634) (1,575) (1,485) (1,416) (1,519) (1,564) (1,548) (1,568) (1,575) (1,552)
Cost of MetroPCS business combination —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (15) (59) (36)
Gains on disposal of spectrum licenses —  —  —  —  —  —  —  —  —  —  —  —  168  29  37  —  199  —  636 
Operating income 1,712  2,565  820  1,539  1,234  1,471  1,541  1,476  1,137  1,440  1,450  1,282  1,112  1,323  1,416  1,037  942  989  768  1,103 
Interest expense (757) (765) (776) (185) (182) (184) (182) (179) (194) (194) (196) (251) (254) (253) (265) (339) (335) (376) (368) (339)
Interest expense to affiliates (41) (44) (63) (99) (98) (100) (101) (109) (104) (124) (128) (166) (162) (167) (131) (100) (64) (76) (93) (79)
Interest expense (798) (809) (839) (284) (280) (284) (283) (288) (298) (318) (324) (417) (416) (420) (396) (439) (399) (452) (461) (418)
Interest income 12  63  62  68  68 
Other income (expense), net (101) (99) (195) (10) (22) (3) (64) 10  16  (92) —  (1) (3) (2)
Other income (expense), net (891) (905) (1,028) (282) (269) (276) (301) (273) (299) (310) (382) (401) (398) (417) (482) (430) (336) (391) (396) (352)
Income (loss) from continuing operations before income taxes 821  1,660  (208) 1,257  965  1,195  1,240  1,203  838  1,130  1,068  881  714  906  934  607  606  598  372  751 
Income tax (expense) benefit (71) (407) (2) (306) (214) (325) (301) (295) (198) (335) (286) (210) 1,993  (356) (353) 91  (216) (232) (147) (272)
Income (loss) from continuing operations 750  1,253  (210) 951  751  870  939  908  640  795  782  671  2,707  550  581  698  390  366  225  479 
Income from discontinued operations, net of tax —  —  320  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Net income 750  1,253  110  951  751  870  939  908  640  795  782  671  2,707  550  581  698  390  366  225  479 
Dividends on preferred stock —  —  —  —  —  —  —  —  —  —  —  —  (14) (13) (14) (14) (14) (13) (14) (14)
Net income attributable to common stockholders 750  1,253  110  951  751  870  939  908  640  795  782  671  2,693  537  567  684  376  353  211  465 

Based on: 10-K (filing date: 2021-02-23), 10-Q (filing date: 2020-11-05), 10-Q (filing date: 2020-08-06), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-06), 10-Q (filing date: 2019-10-28), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-25), 10-K (filing date: 2019-02-07), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-08-01), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-08), 10-Q (filing date: 2017-10-23), 10-Q (filing date: 2017-07-20), 10-Q (filing date: 2017-04-24), 10-K (filing date: 2017-02-14), 10-Q (filing date: 2016-10-24), 10-Q (filing date: 2016-07-27), 10-Q (filing date: 2016-04-26).

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.’s revenues increased from Q2 2020 to Q3 2020 and from Q3 2020 to Q4 2020.
Operating income The net result for the period of deducting operating expenses from operating revenues. T-Mobile US Inc.’s operating income increased from Q2 2020 to Q3 2020 but then slightly decreased from Q3 2020 to Q4 2020.
Income (loss) from continuing operations 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.’s income (loss) from continuing operations before income taxes increased from Q2 2020 to Q3 2020 but then slightly decreased from Q3 2020 to Q4 2020.
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.’s net income increased from Q2 2020 to Q3 2020 but then slightly decreased from Q3 2020 to Q4 2020.