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: 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 reflects various income metrics and their changes over a five-year period.
- Net Income
- Net income showed relative stability from 2020 to 2022, with values around 3000 million US dollars, followed by a significant increase in 2023 and 2024. Specifically, net income grew from 2,590 million US dollars in 2022 to 8,317 million in 2023, and further to 11,339 million in 2024, indicating substantial profitability improvement in the last two years.
- Reclassification of (Gain) Loss from Cash Flow Hedges, Net of Tax Effect
- This item exhibited notable fluctuations. From a negative figure of -723 million in 2020, it switched to positive values in subsequent years: 140 million in 2021, 151 million in 2022, rising slightly to 163 million in 2023, and 176 million in 2024. This trend suggests an overall recovery or improved management of cash flow hedges over time.
- Reclassification of (Gain) Loss from Fair Value Hedges, Net of Unrealized Gain (Loss) on Fair Value Hedges, Net of Tax Effect
- Data is largely unavailable except for a small positive value of 16 million in 2024, indicating a minimal reported effect from this category in recent periods.
- Unrealized Gain (Loss) on Foreign Currency Translation Adjustment, Net of Tax Effect
- Foreign currency translation exhibits small magnitude changes and volatility, shifting between gains and losses. It moved from a small gain of 4 million in 2020 to losses of -4 million and -9 million in 2021 and 2022 respectively, then back to a gain of 9 million in 2023 with no data for 2024. This suggests some exposure to foreign currency movements with limited overall impact.
- Actuarial Gain (Loss), Net of Amortization and Reclassification, on Pension and Other Postretirement Benefits, Net of Tax Effect
- This component showed positive gains in early years, increasing from 6 million in 2020 to 80 million in 2021, and further to 177 million in 2022. However, it shifted to losses in 2023 and 2024 with -90 million and -85 million respectively. This represents a reversal from favorable to unfavorable actuarial results impacting other comprehensive income.
- Other Comprehensive Income (Loss), Net of Tax
- Other comprehensive income followed a recovery trend. It was negative at -713 million in 2020, turned positive to 216 million in 2021, further increased to 319 million in 2022, but then declined to 82 million in 2023 and modestly rose to 107 million in 2024. Despite fluctuations, the net position remains positive in the last three years, signaling an overall improvement compared to 2020.
- Comprehensive Income
- Comprehensive income mirrored net income trends, with an initial moderate increase from 2,351 million in 2020 to 3,240 million in 2021, followed by a slight decline to 2,909 million in 2022. Subsequently, a marked increase occurred in 2023 and 2024, reaching 8,399 million and 11,446 million respectively. This emphasizes a strong overall financial position when considering both net income and other comprehensive components.