v3.24.2
Earnings Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Computation of Basic and Diluted Earnings Per Share
The computation of basic and diluted earnings per share was as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in millions, except shares and per share amounts)2024202320242023
Net income$2,925 $2,221 $5,299 $4,161 
Weighted-average shares outstanding – basic1,170,025,862 1,193,078,891 1,177,662,179 1,206,270,341 
Effect of dilutive securities:
Outstanding stock options, unvested stock awards2,421,491 2,454,608 3,267,700 3,950,617 
Weighted-average shares outstanding – diluted1,172,447,353 1,195,533,499 1,180,929,879 1,210,220,958 
Earnings per share – basic$2.50 $1.86 $4.50 $3.45 
Earnings per share – diluted$2.49 $1.86 $4.49 $3.44 
Potentially dilutive securities:
Outstanding stock options and unvested stock awards1,827 246,892 955 160,116 
SoftBank contingent consideration (1)
— 48,751,557 — 48,751,557 
Ka’ena Acquisition contingent consideration (2)
932,755 — 466,377 — 
(1)     Represents the weighted-average number of shares (“SoftBank Specified Shares”) that were contingently issuable from the Merger date of April 1, 2020, pursuant to a letter agreement dated February 20, 2020, between T-Mobile, SoftBank and DT (the “Letter Agreement”). The SoftBank Specified Shares were determined to be contingent consideration for the Merger and was not dilutive until the defined volume-weighted average price per share was reached (the “Threshold Price”). As of the close of trading on December 22, 2023, the Threshold Price was reached. On December 28, 2023, the Company issued the SoftBank Specified Shares to SoftBank in accordance with the Letter Agreement.
(2)     The weighted-average number of shares contingently issuable related to the Ka’ena Acquisition earnout consideration (“Ka’ena Contingent Shares”) are included in potentially dilutive securities based on the maximum number of shares contingently issuable for the earnout and the 20 trading day volume-weighted average price as of June 30, 2024. No Ka’ena Contingent Shares were outstanding during the six months ended June 30, 2024, as the threshold specified performance indicators had not been achieved.