TMUS Q3 2023 Earnings Report — T-Mobile US, Inc. Revenue & Financial Results | Market Cap Arena

T-Mobile US, Inc.TMUS

Q3 2023 Earnings

Reported October 25, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$19.3B	$19.2B	$19.5B	0.3%	-1.2%
Op. Income	$3.6B	$3.8B	$1.3B	-5.2%	180.7%
Gross Margin	62.9%	63.5%	55.4%	-0.6pp	7.6pp
Net Margin	11.1%	11.6%	2.6%	-0.4pp	8.5pp
EPS (Diluted)	$1.82	$1.86	$0.40	-2.2%	355.0%
Free Cash Flow	$2.8B	$1.5B	$397M	79.5%	592.9%

Revenue Flow

Item	Amount
REVENUE	$19.3B
Cost of Revenue	$7.1B
GROSS PROFIT	$12.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.3B
Other Expenses	$3.2B
Operating Expenses	$8.5B
Cost & Expenses	$15.7B
OPERATING INCOME	$3.6B
Interest Income	$0
Interest Expense	$790M
Other Income/Expenses	-$749M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$705M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$3.2B
EBIT	$3.6B
EBITDA	$6.8B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$19.3B
Cost of Revenue	$7.1B
GROSS PROFIT	$12.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$5.3B
Other Expenses	$3.2B
Operating Expenses	$8.5B
Cost & Expenses	$15.7B
OPERATING INCOME	$3.6B
Interest Income	$0
Interest Expense	$790M
Other Income/Expenses	-$749M
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$705M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.1B
D&A	$3.2B
EBIT	$3.6B
EBITDA	$6.8B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$3.2B
Stock-Based Compensation	$156M
Deferred Income Tax	$671M
Other Non-Cash Items	$274M
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$5.3B
Capital Expenditure	-$2.5B
Acquisitions (Net)	$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1.1B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	-$2.8B
Common Stock Repurchased	-$2.7B
Common Dividends Paid	$0
Other Financing Activities	-$34M
NET CASH FROM FINANCING	-$5.5B
FREE CASH FLOW	$2.8B
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$5.0B
Short-Term Investments	$0
Net Receivables	$9.0B
Inventory	$1.7B
Other Current Assets	$2.3B
TOTAL CURRENT ASSETS	$18.7B
PP&E (Net)	$72.0B
Goodwill	$12.2B
Intangible Assets	$99.5B
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$6.1B
TOTAL NON-CURRENT ASSETS	$189.9B
TOTAL ASSETS	$208.6B
Account Payables	$4.6B
Short-Term Debt	$3.4B
Deferred Revenue	$830M
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$21.7B
Long-Term Debt	$71.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12.9B
Other Non-Current Liabilities	$3.6B
TOTAL NON-CURRENT LIABILITIES	$122.2B
TOTAL LIABILITIES	$143.9B
Common Stock	$0
Additional Paid-In Capital	$74.4B
Retained Earnings	$5.3B
Treasury Stock	-$14.1B
Accum. Other Comp. Income	-$949M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$64.7B
Minority Interest	$0
TOTAL EQUITY	$64.7B
TOTAL LIABILITIES & EQUITY	$208.6B
Total Debt	$113.9B
Net Debt	$108.9B