Microsoft Excel LibreOffice Calc

T-Mobile US Inc. (TMUS)

Adjusted Financial Ratios

Advanced level

Adjusted Financial Ratios (Summary)

T-Mobile US Inc., adjusted financial ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Activity
Total Asset Turnover
Reported 0.60 0.58 0.57 0.51 0.52
Adjusted 0.51 0.50 0.50 0.43 0.44
Liquidity
Current Ratio
Reported 0.81 0.77 1.58 1.56 1.59
Adjusted 0.87 0.84 1.78 1.70 1.57
Solvency
Debt to Equity
Reported 1.11 1.26 1.52 1.59 1.40
Adjusted 1.33 1.41 1.54 1.82 1.69
Debt to Capital
Reported 0.53 0.56 0.60 0.61 0.58
Adjusted 0.57 0.59 0.61 0.65 0.63
Financial Leverage
Reported 2.93 3.13 3.61 3.77 3.62
Adjusted 2.83 2.98 3.12 3.51 3.37
Profitability
Net Profit Margin
Reported 6.67% 11.17% 3.92% 2.29% 0.84%
Adjusted 7.95% 7.22% 7.01% 3.96% 1.20%
Return on Equity (ROE)
Reported 11.68% 20.11% 8.01% 4.43% 1.58%
Adjusted 11.47% 10.82% 10.84% 5.96% 1.77%
Return on Assets (ROA)
Reported 3.99% 6.43% 2.22% 1.17% 0.44%
Adjusted 4.05% 3.62% 3.48% 1.70% 0.52%

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

Ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. T-Mobile US Inc.’s adjusted total asset turnover improved from 2016 to 2017 and from 2017 to 2018.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. T-Mobile US Inc.’s adjusted current ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. T-Mobile US Inc.’s adjusted debt-to-equity ratio improved from 2016 to 2017 and from 2017 to 2018.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. T-Mobile US Inc.’s adjusted debt-to-capital ratio improved from 2016 to 2017 and from 2017 to 2018.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 T-Mobile US Inc.’s adjusted financial leverage declined from 2016 to 2017 and from 2017 to 2018.
Adjusted net profit margin An indicator of profitability, calculated as adjusted comprehensive income divided by total revenue. T-Mobile US Inc.’s adjusted net profit margin improved from 2016 to 2017 and from 2017 to 2018.
Adjusted ROE A profitability ratio calculated as adjusted comprehensive income divided by adjusted total equity. T-Mobile US Inc.’s adjusted ROE deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.
Adjusted ROA A profitability ratio calculated as adjusted comprehensive income divided by adjusted total assets. T-Mobile US Inc.’s adjusted ROA improved from 2016 to 2017 and from 2017 to 2018.

T-Mobile US Inc., Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Revenues 43,310  40,604  37,242  32,053  29,564 
Total assets 72,468  70,563  65,891  62,436  56,653 
Ratio
Total asset turnover1 0.60 0.58 0.57 0.51 0.52
Adjusted
Selected Financial Data (US$ in millions)
Adjusted revenues2 43,229  40,397  37,511  32,311  29,578 
Adjusted total assets3 84,901  80,455  75,655  75,381  67,643 
Ratio
Adjusted total asset turnover4 0.51 0.50 0.50 0.43 0.44

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 Total asset turnover = Revenues ÷ Total assets
= 43,310 ÷ 72,468 = 0.60

2 Adjusted revenues. See details »

3 Adjusted total assets. See details »

4 Adjusted total asset turnover = Adjusted revenues ÷ Adjusted total assets
= 43,229 ÷ 84,901 = 0.51

Ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. T-Mobile US Inc.’s adjusted total asset turnover improved from 2016 to 2017 and from 2017 to 2018.

Adjusted Current Ratio

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Current assets 8,281  8,915  14,217  14,890  13,984 
Current liabilities 10,267  11,515  9,022  9,528  8,776 
Ratio
Current ratio1 0.81 0.77 1.58 1.56 1.59
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 8,348  9,001  14,319  15,006  13,079 
Adjusted current liabilities3 9,569  10,736  8,036  8,811  8,317 
Ratio
Adjusted current ratio4 0.87 0.84 1.78 1.70 1.57

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 Current ratio = Current assets ÷ Current liabilities
= 8,281 ÷ 10,267 = 0.81

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 8,348 ÷ 9,569 = 0.87

Ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. T-Mobile US Inc.’s adjusted current ratio deteriorated from 2016 to 2017 but then slightly improved from 2017 to 2018.

Adjusted Debt to Equity

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 27,547  28,319  27,786  26,266  21,960 
Stockholders’ equity 24,718  22,559  18,236  16,557  15,663 
Ratio
Debt to equity1 1.11 1.26 1.52 1.59 1.40
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 39,913  38,125  37,448  39,095  33,855 
Adjusted stockholders’ equity3 29,955  26,961  24,262  21,451  20,090 
Ratio
Adjusted debt to equity4 1.33 1.41 1.54 1.82 1.69

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 Debt to equity = Total debt ÷ Stockholders’ equity
= 27,547 ÷ 24,718 = 1.11

2 Adjusted total debt. See details »

3 Adjusted stockholders’ equity. See details »

4 Adjusted debt to equity = Adjusted total debt ÷ Adjusted stockholders’ equity
= 39,913 ÷ 29,955 = 1.33

Ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. T-Mobile US Inc.’s adjusted debt-to-equity ratio improved from 2016 to 2017 and from 2017 to 2018.

Adjusted Debt to Capital

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total debt 27,547  28,319  27,786  26,266  21,960 
Total capital 52,265  50,878  46,022  42,823  37,623 
Ratio
Debt to capital1 0.53 0.56 0.60 0.61 0.58
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 39,913  38,125  37,448  39,095  33,855 
Adjusted total capital3 69,868  65,086  61,710  60,546  53,945 
Ratio
Adjusted debt to capital4 0.57 0.59 0.61 0.65 0.63

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 Debt to capital = Total debt ÷ Total capital
= 27,547 ÷ 52,265 = 0.53

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 39,913 ÷ 69,868 = 0.57

Ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. T-Mobile US Inc.’s adjusted debt-to-capital ratio improved from 2016 to 2017 and from 2017 to 2018.

Adjusted Financial Leverage

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Total assets 72,468  70,563  65,891  62,436  56,653 
Stockholders’ equity 24,718  22,559  18,236  16,557  15,663 
Ratio
Financial leverage1 2.93 3.13 3.61 3.77 3.62
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 84,901  80,455  75,655  75,381  67,643 
Adjusted stockholders’ equity3 29,955  26,961  24,262  21,451  20,090 
Ratio
Adjusted financial leverage4 2.83 2.98 3.12 3.51 3.37

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 Financial leverage = Total assets ÷ Stockholders’ equity
= 72,468 ÷ 24,718 = 2.93

2 Adjusted total assets. See details »

3 Adjusted stockholders’ equity. See details »

4 Adjusted financial leverage = Adjusted total assets ÷ Adjusted stockholders’ equity
= 84,901 ÷ 29,955 = 2.83

Ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 T-Mobile US Inc.’s adjusted financial leverage declined from 2016 to 2017 and from 2017 to 2018.

Adjusted Net Profit Margin

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income 2,888  4,536  1,460  733  247 
Revenues 43,310  40,604  37,242  32,053  29,564 
Ratio
Net profit margin1 6.67% 11.17% 3.92% 2.29% 0.84%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 3,436  2,916  2,631  1,278  355 
Adjusted revenues3 43,229  40,397  37,511  32,311  29,578 
Ratio
Adjusted net profit margin4 7.95% 7.22% 7.01% 3.96% 1.20%

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 Net profit margin = 100 × Net income ÷ Revenues
= 100 × 2,888 ÷ 43,310 = 6.67%

2 Adjusted net income. See details »

3 Adjusted revenues. See details »

4 Adjusted net profit margin = 100 × Adjusted net income ÷ Adjusted revenues
= 100 × 3,436 ÷ 43,229 = 7.95%

Ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted comprehensive income divided by total revenue. T-Mobile US Inc.’s adjusted net profit margin improved from 2016 to 2017 and from 2017 to 2018.

Adjusted Return on Equity (ROE)

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income 2,888  4,536  1,460  733  247 
Stockholders’ equity 24,718  22,559  18,236  16,557  15,663 
Ratio
ROE1 11.68% 20.11% 8.01% 4.43% 1.58%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 3,436  2,916  2,631  1,278  355 
Adjusted stockholders’ equity3 29,955  26,961  24,262  21,451  20,090 
Ratio
Adjusted ROE4 11.47% 10.82% 10.84% 5.96% 1.77%

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 ROE = 100 × Net income ÷ Stockholders’ equity
= 100 × 2,888 ÷ 24,718 = 11.68%

2 Adjusted net income. See details »

3 Adjusted stockholders’ equity. See details »

4 Adjusted ROE = 100 × Adjusted net income ÷ Adjusted stockholders’ equity
= 100 × 3,436 ÷ 29,955 = 11.47%

Ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted comprehensive income divided by adjusted total equity. T-Mobile US Inc.’s adjusted ROE deteriorated from 2016 to 2017 but then improved from 2017 to 2018 exceeding 2016 level.

Adjusted Return on Assets (ROA)

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Reported
Selected Financial Data (US$ in millions)
Net income 2,888  4,536  1,460  733  247 
Total assets 72,468  70,563  65,891  62,436  56,653 
Ratio
ROA1 3.99% 6.43% 2.22% 1.17% 0.44%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income2 3,436  2,916  2,631  1,278  355 
Adjusted total assets3 84,901  80,455  75,655  75,381  67,643 
Ratio
Adjusted ROA4 4.05% 3.62% 3.48% 1.70% 0.52%

Based on: 10-K (filing date: 2019-02-07), 10-K (filing date: 2018-02-08), 10-K (filing date: 2017-02-14), 10-K (filing date: 2016-02-17), 10-K (filing date: 2015-02-19).

2018 Calculations

1 ROA = 100 × Net income ÷ Total assets
= 100 × 2,888 ÷ 72,468 = 3.99%

2 Adjusted net income. See details »

3 Adjusted total assets. See details »

4 Adjusted ROA = 100 × Adjusted net income ÷ Adjusted total assets
= 100 × 3,436 ÷ 84,901 = 4.05%

Ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted comprehensive income divided by adjusted total assets. T-Mobile US Inc.’s adjusted ROA improved from 2016 to 2017 and from 2017 to 2018.