Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
T-Mobile US Inc., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 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).
The statement of comprehensive income reveals significant fluctuations in comprehensive income over the five-year period. Net income experienced substantial growth, particularly between 2022 and 2024, before stabilizing. Other components of comprehensive income contribute to the overall picture, exhibiting varying degrees of volatility.
- Net Income
- Net income decreased from US$3,024 million in 2021 to US$2,590 million in 2022, representing a decline. However, a marked increase occurred in subsequent years, reaching US$8,317 million in 2023 and peaking at US$11,339 million in 2024. Net income experienced a slight decrease in 2025, settling at US$10,992 million, though remaining significantly higher than the 2021 and 2022 levels.
- Cash Flow Hedge Reclassification
- The reclassification of gains and losses from cash flow hedges, net of tax effect, demonstrates a consistent upward trend throughout the period. Starting at US$140 million in 2021, it increased steadily to US$190 million in 2025. This suggests a growing utilization of hedging activities and a consistent impact on comprehensive income.
- Fair Value Hedges
- Gains or losses on fair value hedges, net of tax effect, were not reported for 2021, 2022, and 2023. A gain of US$16 million was recorded in 2024, followed by a substantial loss of US$187 million in 2025. This indicates the introduction of fair value hedging strategies in 2024, with a significant negative impact in the final year of the period.
- Foreign Currency Translation Adjustment
- The unrealized gain or loss on foreign currency translation adjustment, net of tax effect, fluctuated considerably. A loss of US$4 million was recorded in 2021, increasing to a loss of US$9 million in 2022, before reversing to a gain of US$9 million in 2023. This component was not reported for 2024, and a minor loss of US$1 million was recorded in 2025. This volatility suggests exposure to currency fluctuations.
- Pension and Postretirement Benefits
- Actuarial gains and losses related to pension and other postretirement benefits, net of amortization and reclassification, and tax effect, were highly variable. A gain of US$80 million was reported in 2021, followed by a larger gain of US$177 million in 2022. However, this reversed to a loss of US$90 million in 2023 and a further loss of US$85 million in 2024, before recovering to a small gain of US$7 million in 2025. These fluctuations likely reflect changes in actuarial assumptions and market conditions impacting pension obligations.
- Other Comprehensive Income & Comprehensive Income
- Other comprehensive income, net of tax, followed a similar pattern to the individual components, increasing from US$216 million in 2021 to US$319 million in 2022, decreasing to US$82 million in 2023, increasing to US$107 million in 2024, and then decreasing significantly to US$9 million in 2025. Consequently, comprehensive income mirrored the trend in net income, with a substantial increase from US$2,909 million in 2022 to US$11,446 million in 2024, followed by a slight decrease to US$11,001 million in 2025.
Overall, the period was characterized by significant growth in net income, which drove the increase in comprehensive income. However, the volatility of other comprehensive income components, particularly fair value hedges and pension adjustments, introduced fluctuations that impacted the overall comprehensive income figure.
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