$TMUS

T-Mobile US, Inc.

CIK:0001283699|SEC Filings

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Revenues
Total revenues	$ 22,791	$ 21,132	$ 45,898	$ 42,018
Operating expenses
Selling, general and administrative	5,834	5,397	11,800	10,885
Depreciation and amortization	3,434	3,146	7,251	6,344
Total operating expenses	17,301	15,919	35,911	32,005
Operating income	5,490	5,213	9,987	10,013
Other expense, net
Interest expense, net	(1,055)	(922)	(2,086)	(1,838)
Other expense, net	(107)	(11)	(239)	(57)
Total other expense, net	(1,162)	(933)	(2,325)	(1,895)
Income before income taxes	4,328	4,280	7,662	8,118
Income tax expense	(1,089)	(1,058)	(1,919)	(1,943)
Net income	3,239	3,222	5,743	6,175
Other comprehensive income (loss), net of tax
Reclassification of loss from cash flow hedges, net of tax effect of $17, $16, $34 and $32	50	47	100	93
Gains (losses) on fair value hedges, net of tax effect of $48, $13, $36 and $(48)	142	37	106	(140)
Unrealized gain (loss) on foreign currency translation adjustment, net of tax effect of $0, $0, $0 and $0	9	(1)	9	(1)
Amortization of actuarial gain, net of tax effect of $(1), $(1), $(1) and $(1)	(1)	(2)	(2)	(3)
Other comprehensive income (loss)	200	81	213	(51)
Total comprehensive income	$ 3,439	$ 3,303	$ 5,956	$ 6,124
Earnings per share
Basic (in USD per share)	$ 2.99	$ 2.84	$ 5.26	$ 5.43
Diluted (in USD per share)	$ 2.99	$ 2.84	$ 5.26	$ 5.42
Weighted-average shares outstanding
Basic (in shares)	1,081,771,279	1,132,760,465	1,090,922,014	1,136,627,715
Diluted (in shares)	1,082,409,636	1,134,846,966	1,092,356,249	1,139,770,739
Service
Revenues
Total revenues	$ 18,983	$ 17,438	$ 37,814	$ 34,363
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	2,978	2,717	6,317	5,319
Postpaid revenues
Revenues
Total revenues	15,853	14,078	31,482	27,672
Prepaid revenues
Revenues
Total revenues	2,473	2,643	4,990	5,286
Wholesale and other service revenues
Revenues
Total revenues	657	717	1,342	1,405
Equipment revenues
Revenues
Total revenues	3,524	3,439	7,520	7,143
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	5,055	4,659	10,543	9,457
Other revenues
Revenues
Total revenues	$ 284	$ 255	$ 564	$ 512

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Operating activities
Net income	$ 3,239	$ 3,222	$ 5,743	$ 6,175
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	3,434	3,146	7,251	6,344
Stock-based compensation expense	214	200	423	386
Deferred income tax expense	893	937	1,575	1,708
Bad debt expense	398	265	824	588
Losses from sales of receivables	17	19	37	41
Changes in operating assets and liabilities
Accounts receivable	(498)	(338)	(660)	(431)
Equipment installment plan receivables	103	65	48	89
Inventory	142	264	228	(54)
Operating lease right-of-use assets	965	883	2,161	1,738
Other current and long-term assets	(354)	(671)	(321)	(661)
Accounts payable and accrued liabilities	(265)	107	(673)	(161)
Short- and long-term operating lease liabilities	(976)	(886)	(2,194)	(1,784)
Other current and long-term liabilities	(3)	(82)	(112)	(170)
Other, net	191	(139)	392	31
Net cash provided by operating activities	7,500	6,992	14,722	13,839
Investing activities
Purchases of property and equipment, including capitalized interest of $(6), $(10), $(13) and $(20)	(2,703)	(2,396)	(5,326)	(4,847)
Purchases of spectrum licenses and other intangible assets, including deposits	(484)	(842)	(510)	(915)
Proceeds from the sale of property, equipment and intangible assets	16	2,066	111	2,073
Acquisition of companies, net of cash acquired	0	1	(1)	(726)
Investments in unconsolidated affiliates, net	(3)	(908)	(3)	(983)
Other, net	122	520	(172)	430
Net cash used in investing activities	(3,052)	(1,559)	(5,901)	(4,968)
Financing activities
Proceeds from issuance of long-term debt, net	(5)	(6)	6,393	7,768
Repayments of financing lease obligations	(360)	(331)	(664)	(646)
Repayments of long-term debt	(1,336)	(3,257)	(7,771)	(3,736)
Repurchases of common stock	(2,320)	(2,555)	(7,146)	(5,049)
Dividends on common stock	(1,101)	(996)	(2,221)	(1,999)
Tax withholdings on share-based awards	(31)	(30)	(185)	(302)
Other, net	(29)	(30)	(28)	(48)
Net cash used in financing activities	(5,182)	(7,205)	(11,622)	(4,012)
Effect of exchange rate changes on cash and cash equivalents, including restricted cash	0	13	0	13
Change in cash and cash equivalents, including restricted cash	(734)	(1,759)	(2,801)	4,872
Cash and cash equivalents, including restricted cash
Beginning of period	3,909	12,344	5,976	5,713
End of period	$ 3,175	$ 10,585	$ 3,175	$ 10,585

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 2,825	$ 5,598
Accounts receivable, net of allowance for credit losses of $216 and $226	5,247	4,874
Equipment installment plan receivables, net of allowance for credit losses and imputed discount of $759 and $733	4,715	4,997
Inventory	2,191	2,405
Prepaid expenses	1,027	1,215
Other current assets	5,764	5,372
Total current assets	21,769	24,461
Property and equipment, net	36,623	38,333
Operating lease right-of-use assets	24,596	25,692
Financing lease right-of-use assets	2,994	2,760
Goodwill	13,667	13,678
Spectrum licenses	98,178	98,032
Other intangible assets, net	3,295	3,843
Equipment installment plan receivables due after one year, net of allowance for credit losses and imputed discount of $198 and $213	2,458	2,683
Other assets	9,973	9,755
Total assets	213,553	219,237
Current liabilities
Accounts payable and accrued liabilities	8,774	10,280
Short-term debt	6,117	5,135
Deferred revenue	1,439	1,533
Short-term operating lease liabilities	3,620	3,814
Short-term financing lease liabilities	1,178	1,163
Other current liabilities	2,426	2,575
Total current liabilities	23,554	24,500
Tower obligations	3,461	3,532
Deferred tax liabilities	21,225	19,583
Operating lease liabilities	25,438	26,371
Financing lease liabilities	1,121	1,107
Other long-term liabilities	3,985	3,794
Total long-term liabilities	133,734	135,534
Commitments and contingencies (Note 14)
Stockholders' equity
Common stock, par value $0.00001 per share, 2,000,000,000 shares authorized; 1,278,405,439 and 1,275,774,235 shares issued, 1,074,817,571 and 1,106,930,661 shares outstanding	0	0
Additional paid-in capital	69,879	69,460
Treasury stock, at cost, 203,587,868 and 168,843,574 shares	(37,667)	(30,545)
Accumulated other comprehensive loss	(635)	(848)
Retained earnings	24,688	21,136
Total stockholders' equity	56,265	59,203
Total liabilities and stockholders' equity	213,553	219,237
Nonrelated Party
Current liabilities
Long-term debt	78,504	79,649
Related Party
Current liabilities
Long-term debt	$ 0	$ 1,498