Stock Analysis on Net
Stock Analysis on Net

T-Mobile US Inc. (NASDAQ:TMUS)

Cash Flow Statement
Quarterly Data

Beginner level

The cash flow statement provides information about a company’s cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company’s balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

T-Mobile US Inc., consolidated cash flow statement (quarterly data)

US$ in millions

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3 months ended: 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 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Net income (loss) 110  951  751  870  939  908  640  795  782  671  2,707  550  581  698  390  366  225  479  297  138  361  (63)
Depreciation and amortization 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  1,369  1,157  1,075  1,087 
Stock-based compensation expense 259  138  129  126  130  110  100  115  112  97  85  82  72  67  64  59  60  52  48  42  56  55 
Deferred income tax expense (benefit) 98  310  242  294  267  288  218  284  272  206  (1,999) 347  345  (97) 291  219  140  264  174  134  (2) (50)
Bad debt expense 233  113  89  74  71  73  88  80  75  54  90  123  82  93  119  118  119  121  163  172  108  104 
Losses from sales of receivables 30  25  39  28  28  35  30  48  27  52  57  67  80  95  71  59  46  52  65  26  48  65 
Deferred rent expense —  —  —  —  —  —  10  15  21  20  20  24  32  33  32  36  43  47  41 
Losses on redemption of debt 163  —  —  —  19  —  —  —  90  32  —  —  —  —  —  —  —  —  —  —  —  — 
Impairment expense 418  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Gains on disposal of spectrum licenses —  —  —  —  —  —  —  —  —  —  (168) (29) (1) (37) —  (199) —  (636) (139) (1) (23) — 
Accounts receivable (498) (748) (1,016) (745) (805) (1,143) (1,370) (1,238) (1,136) (873) (278) (119) 21  (68) (141) (155) (105) (202) (103) (48) 62  (170)
Equipment installment plan receivables 127  69  (537) (78) (150) (250) (755) (335) (286) (222) (374) (154) (353) (13) (459) 104  343  109  1,439  229  (350) (229)
Inventories (553) (511) (478) (36) 162  (265) (244) (115) 125  33  (816) 113  (185) 44  (305) 301  (801) (1,522) (915) 87  (145)
Operating lease right-of-use assets 937  527  501  491  469  435  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Deferred purchase price from sales of receivables —  —  —  —  —  —  —  —  —  —  (74) (19) (71) (16) (204) 21  (139) (34) (17)
Other current and long-term assets (104) 144  (118) (83) (87) 128  (193) (248) 132  (245) (184) (135) (11) (164) (98) (56) 185  (159) (184) 35  91 
Accounts payable and accrued liabilities (1,261) (405) 356  (395) 43  13  505  (265) (79) (1,028) 1,686  (12) 56  (651) 367  (731) (345) (492) 657  582  (153) (393)
Short and long-term operating lease liabilities (1,077) (725) (539) (549) (521) (522) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other current and long-term liabilities (2,190) 79  42  (27) 121  (48) 39  (105) 45  (149) 60  (189) 45  (168) 112  (74) 288  20  92  (182) 92 
Changes in operating assets and liabilities (4,619) (1,708) (1,561) (1,388) (912) (1,698) (1,784) (2,107) (1,729) (1,913) (250) (290) (784) (673) (941) (483) (438) (892) 193  (278) (518) (749)
Adjustments to reconcile net income (loss) to net cash provided by operating activities 646  596  714  789  1,188  408  297  67  488  107  (685) 1,737  1,333  1,032  1,176  1,373  1,535  545  1,909  1,295  791  553 
Other, net 21  70  72  89  20  76  17  52  (9) (8) 36  75  (85) (17) 36  27  98  (1)
Net cash provided by operating activities 777  1,617  1,537  1,748  2,147  1,392  954  914  1,261  770  2,058  2,362  1,829  1,713  1,602  1,740  1,768  1,025  2,233  1,531  1,161  489 
Purchases of property and equipment, including capitalized interest (2,257) (1,753) (1,157) (1,514) (1,789) (1,931) (1,184) (1,362) (1,629) (1,366) (921) (1,441) (1,347) (1,528) (859) (1,159) (1,349) (1,335) (1,431) (1,120) (1,191) (982)
Purchases of spectrum licenses and other intangible assets, including deposits (745) (99) (104) (13) (665) (185) (26) (22) (28) (51) (8) (15) (5,791) (14) (424) (705) (2,245) (594) (94) (148) (1,696)
Proceeds from sales of tower sites —  —  38  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Proceeds related to beneficial interests in securitization transactions 602  868  980  900  839  1,157  1,450  1,338  1,323  1,295  —  —  —  —  —  —  —  —  —  —  —  — 
Net cash related to derivative contracts under collateral exchange arrangements 1,212  (580) (632) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Acquisition of companies, net of cash and restricted cash acquired (5,000) —  —  (31) —  —  —  —  (5) (333) —  —  —  —  —  —  —  —  —  —  —  — 
Purchases of short-term investments —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  (2,997) —  —  — 
Sales of short-term investments —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  2,923  75  —  —  —  — 
Other, net (168) (16) (12) —  (7) (9) 33  (7) (8) (11) (6) 103  (14)
Net cash used in investing activities (6,356) (1,580) (887) (657) (1,615) (966) 231  (42) (306) (462) (926) (1,455) (7,133) (1,550) (1,294) (1,859) (667) (1,860) (4,322) (1,209) (1,337) (2,692)
Proceeds from issuance of long-term debt 26,694  —  —  —  —  —  —  —  —  2,494  —  500  4,485  5,495  —  —  997  —  3,979  —  —  — 
Payments of consent fees related to long-term debt (109) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Proceeds from borrowing on revolving credit facility —  —  —  575  880  885  215  1,810  2,070  2,170  —  1,055  1,855  —  —  —  —  —  —  —  —  — 
Repayments of revolving credit facility —  —  —  (575) (880) (885) (215) (2,130) (2,195) (1,725) —  (1,735) (1,175) —  —  —  —  —  —  —  —  — 
Proceeds from tower obligations —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  140  —  —  — 
Repayments of financing lease obligations (236) (282) (248) (235) (229) (86) (192) (181) (155) (172) (136) (141) (119) (90) (72) (54) (43) (36) (33) (13) (6) (5)
Repayments of short-term debt for purchases of inventory, property and equipment, net (151) (25) (475) (300) —  —  (54) (246) —  —  (4) (4) (292) —  —  —  (150) —  (1) (315) (185) (63)
Repayments of long-term debt (10,529) —  —  —  (600) —  —  —  (2,350) (999) —  —  (6,750) (3,480) (5) (5) (5) (5) —  —  —  — 
Issuance of common stock 17,290  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Repurchases of common stock (16,990) —  —  —  —  —  —  —  (405) (666) (427) —  —  —  —  —  —  —  —  —  —  — 
Proceeds from issuance of short-term debt 18,743  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Repayments of short-term debt (18,929) —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Tax withholdings on share-based awards (138) (141) (48) (4) (4) (100) (57) (5) (10) (74) (65) (6) (3) (92) (69) (3) (3) (46) (56) (2) (70) (28)
Dividends on preferred stock —  —  —  —  —  —  —  —  —  —  (14) (13) (14) (14) (14) (13) (14) (14) (14) (13) (14) (14)
Cash payments for debt prepayment or debt extinguishment costs (24) —  —  —  (28) —  —  —  (212) —  —  —  —  —  —  —  —  —  —  —  —  — 
Other, net (5) (4) (4) (5) (4) (8) (6) (10) (28) (6) (5) (3) 19  —  23  12  61  30 
Net cash provided by (used in) financing activities 15,628  (453) (775) (543) (866) (190) (311) (758) (3,267) 1,000  (652) (349) (2,016) 1,838  (160) (67) 790  (100) 4,038  (331) (214) (80)
Change in cash and cash equivalents 10,049  (416) (125) 548  (334) 236  874  114  (2,312) 1,308  480  558  (7,320) 2,001  148  (186) 1,891  (935) 1,949  (9) (390) (2,283)

Based on: 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), 10-K (filing date: 2016-02-17), 10-Q (filing date: 2015-10-27), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-28).

Cash flow statement item Description The company
Net cash provided by operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. T-Mobile US Inc.’s net cash provided by operating activities increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Net cash used in investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. T-Mobile US Inc.’s net cash used in investing activities decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Net cash provided by (used in) financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. T-Mobile US Inc.’s net cash provided by (used in) financing activities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.