T-Mobile US (TMUS) 10-K Summary — Year Ended Dec 31, 2023
T-Mobile US, Inc. filed its annual report for the most recent fiscal year. The filing covers the company's business, risk factors, financial condition, and cash flows.
Key takeaway
Year ended Dec 31, 2023 · FY2025 10-K
T-Mobile US, Inc. filed its annual report for the most recent fiscal year. The filing covers the company's business, risk factors, financial condition, and cash flows.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$78.6B
Revenue reported for the fiscal year.
Operating income
$14.3B
Income from operations reported for the year.
Net income
$8.3B
Net income reported for the year.
Operating cash flow
$18.6B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $80.1B | n/a |
| Dec 31, 2022 | $79.6B | -0.7% |
| Dec 31, 2023 | $78.6B | -1.3% |
Business overview
T-Mobile US, Inc. is a wireless telecommunications provider. The business overview section references Items 1, 1A, 1B, and 1C of the filing, which discuss the company's operations, risk factors, unresolved staff comments, and cybersecurity.
Financial performance
Revenue decreased compared to the prior year. Operating income and net income were reported. Cash provided by operating activities increased.
Material risks
The filing includes a dedicated risk factors section. Additional indebtedness may restrict the company's ability to incur new debt to finance its business strategy. Changes in working capital, such as those in accounts payable, operating lease assets, and inventory, affected cash flows.
Liquidity and capital
Principal sources of liquidity include cash from operations, debt issuance, financing leases, receivable sales, a revolving credit facility, and a commercial paper program. Operating cash flow increased compared to the prior year.
What to watch
Changes in working capital, particularly accounts payable and operating lease liabilities, should be monitored in the next filing.