T-MOBILE US, INC. TMUS Cash Flow

T-mobile us, inc. (TMUS)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net income
3,511	3,468	3,357	3,282	3,125	2,888	4,955	4,710	4,509	4,536	2,219	2,035	1,679	1,460	1,367	1,139	1,275	733	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-4,753	-4,718	223	231	227	193	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization
6,734	6,616	6,480	6,462	6,511	6,486	6,331	6,110	5,995	5,984	6,047	6,199	6,255	6,243	6,064	5,653	5,153	4,688	0	0	0	-	-	-	-	-	-	-	-	-	-	-	3,006	2,982	521	495	470	449	0	0	0
Cost of abandoned cell sites
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1	2	2	2	0	0	0
Stock-based compensation expense
523	495	466	455	437	424	409	376	336	306	285	262	250	235	219	202	198	201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-1	0	43	45	46	46	0	0	0
Gain on maturity or sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0
Accretion of asset retirement obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4	4	4	3	0	0	0
Other non-cash expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0
Deferred income tax expense
1,113	1,091	1,067	1,057	1,062	980	-1,237	-1,174	-1,101	-1,404	886	758	553	914	797	712	570	256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-250	-233	120	131	133	115	0	0	0
Bad debt expense
347	307	306	312	316	297	299	342	349	388	417	412	449	477	521	575	564	547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	712	713	0	0	0	0	0	0	0
Losses from sales of receivables
-120	-130	-121	-141	-140	-157	-184	-203	-256	-299	-313	-305	-271	-228	-222	-189	-191	-204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent expense
-	-	5	15	-	26	36	47	60	76	85	96	109	121	133	144	158	167	0	0	0	-	-	-	-	-	-	-	-	-	-	-	218	218	18	17	19	21	0	0	0
Non-cash interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	9	10	12	13	0	0	0
Loss (gain) on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	19	39	38	38	0	0	0
Losses on redemption of debt
-	-	-19	-19	-	-122	-122	-210	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains on disposal of spectrum licenses
-	-	-	-	-	-	-	-	-	235	67	237	236	835	974	776	799	163	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Accounts receivable
3,314	3,709	4,063	4,556	4,887	4,617	4,502	4,286	3,779	3,931	5,673	4,806	4,282	3,459	4,049	3,942	3,775	3,743	0	0	0	-	-	-	-	-	-	-	-	-	-	-	562	558	18	14	3	6	0	0	0
Equipment installment plan receivables
696	1,015	1,233	1,490	1,626	1,598	1,507	1,527	1,825	1,812	2,377	1,918	991	673	-1,757	-1,882	-1,189	-851	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
863	617	383	462	499	201	773	545	855	844	333	145	-43	802	2,019	3,235	3,151	2,495	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-278	-166	20	-55	168	13	0	0	0
Operating lease right-of-use assets
-1,988	-1,896	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred purchase price from sales of receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	338	356	169	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	7	0	-7	3	0	0	0
Deferred charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	17	23	34	24	0	0	0
Other current and long-term assets
51	144	160	235	400	181	554	545	432	575	494	408	329	133	128	214	123	217	0	0	0	-	-	-	-	-	-	-	-	-	-	-	180	182	-26	-26	-27	-17	0	0	0
Accounts payable and accrued liabilities
-401	17	166	296	174	-867	314	567	702	1,079	-240	-959	-1,360	-1,201	-911	402	594	693	0	0	0	-	-	-	-	-	-	-	-	-	-	-	35	103	-8	-2	15	30	0	0	0
Short and long-term operating lease liabilities
-2,334	-2,131	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	45	38	38	36	0	0	0
Other current and long-term liabilities
102	144	88	85	7	-69	-170	-149	-233	-233	-252	-200	-85	158	346	326	218	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	197	196	7	6	4	5	0	0	0
Other, net
251	257	202	165	136	52	73	96	91	111	109	35	57	46	-111	-14	-13	-15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
7,049	6,824	6,241	5,407	4,521	3,899	3,810	4,148	3,993	3,831	1,212	1,700	2,362	2,779	3,229	3,020	2,413	1,877	4,536	4,067	3,876	4,146	3,795	3,559	3,395	3,545	3,696	3,668	4,634	3,862	6,933	6,406	4,978	4,980	1,068	1,139	907	994	0	0	0
Investing activities
Purchases of property and equipment, including capitalized interest of $112 and $118
6,213	6,391	6,418	6,266	6,106	5,541	5,278	5,357	5,075	5,237	5,175	4,893	4,895	4,702	5,274	5,235	5,077	4,724	4,592	4,603	4,352	4,317	3,900	3,786	3,896	4,025	4,041	3,741	3,832	2,901	4,032	3,563	2,685	2,729	942	926	838	790	0	0	0
Purchases of spectrum licenses and other intangible assets, including deposits
881	967	889	898	261	127	109	102	5,865	5,828	6,244	6,934	3,388	3,968	3,541	2,930	833	1,935	2,448	2,377	4,596	2,900	2,719	2,697	332	381	60	428	433	387	397	29	24	23	9	10	10	8	0	0	0
Proceeds related to beneficial interests in securitization transactions
3,587	3,876	4,346	4,784	5,268	5,406	5,149	4,921	4,480	4,319	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash related to derivative contracts under collateral exchange arrangements
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short term affiliate loan receivable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of companies, net of cash acquired
-	-	31	0	-	338	338	338	333	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	2,998	2,998	2,998	75	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
27	18	15	12	-21	-21	-33	-30	-2	-1	13	9	10	8	-106	-106	-104	-96	4	20	25	29	167	146	144	130	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in prepaid purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	97	-29	-15	-28	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1	3	9	8	0	0	0
Purchase of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-0	699	711	711	0	0	0
Proceeds from maturity of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	712	700	650	562	0	0	0
Change in restricted cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	-11	-10	-10	-12	0	0	0
Investments in unconsolidated affiliates, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in asset acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48	48	49	41	0	0	0
Net cash used in investing activities
-4,739	-4,125	-3,007	-2,392	-1,083	-579	-543	-846	-6,791	-6,745	-4,950	-6,464	-880	-2,324	-5,171	-4,521	-5,191	-6,023	-7,044	-7,000	-8,973	-7,246	-6,664	-6,629	-2,203	-2,092	-2,116	-1,776	-4,586	-3,915	-6,665	-6,171	-4,713	-4,699	-380	-952	-934	-950	0	0	0
Financing activities
Proceeds from issuance of long-term debt
-	-	0	0	-	2,494	2,494	2,994	7,479	10,480	10,480	9,980	6,492	997	997	997	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of consent fees related to long-term debt
-	-	0	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowing on revolving credit facility
1,455	2,340	2,555	3,790	4,980	6,265	6,050	5,295	5,080	2,910	2,910	1,855	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
-	-	2,555	4,110	-	6,265	6,050	5,655	4,635	2,910	2,910	1,175	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of financing lease obligations
994	798	742	688	614	700	644	604	568	486	422	335	259	205	166	125	88	57	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	6	6	5	3	0	0	0
Repayments of short-term debt for purchases of inventory, property and equipment, net
0	-	0	-	0	-	0	-	-	-	0	0	-	-	0	0	-	564	567	435	255	418	464	475	470	244	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in book overdraft
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	10	-1	19	-82	0	0	0
Proceeds from debt issuance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,497	3,490	2,490	1,992	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	26	50	42	35	0	0	0
Repayments of long-term debt
-	-	600	600	-	3,349	3,349	3,349	7,749	10,230	10,235	10,240	3,495	20	15	10	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	21	19	17	16	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137	116	72	-1	0	-58	-53	-20	0	63	61	32	10	0	0	0
Repurchases of common stock
-	-	0	0	-	1,071	1,498	1,498	1,093	427	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4	4	3	1	0	0	0
Tax withholdings on share-based awards
197	156	165	166	172	146	154	155	148	166	170	167	167	121	108	107	174	156	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends on preferred stock
-	-	-	-	-	-	-	-	-	55	55	55	55	55	55	55	55	55	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for debt prepayment or debt extinguishment costs
-	-	28	28	-	212	212	371	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-18	-17	-59	-61	-59	-52	17	18	18	5	-18	-5	6	17	-7	-3	50	79	169	157	50	32	-150	-152	-109	-121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-2,637	-2,374	-1,910	-2,125	-4,526	-3,336	-3,677	-3,268	-2,176	-1,367	-875	-593	2,372	463	4,661	4,397	3,393	3,413	-646	2,495	2,658	2,524	6,291	3,788	3,830	4,044	355	47	68	57	-990	-980	-566	0	262	892	433	-176	0	0	0
Change in cash and cash equivalents
-327	325	1,324	890	-1,088	-16	-410	34	-4,974	-4,281	-4,613	-5,357	3,854	918	2,719	2,896	615	-733	-3,154	-438	-2,439	-576	3,422	718	5,022	5,497	1,935	1,939	116	4	-723	-745	-301	281	950	1,079	406	-132	0	0	0
Supplemental disclosure of cash flow information
Interest payments, net of amounts capitalized
1,129	1,128	1,134	1,173	1,487	1,525	1,766	1,743	1,911	2,028	1,954	2,089	1,761	1,681	1,621	1,491	1,386	1,298	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease payments
2,970	2,783	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax payments
80	88	88	112	82	51	48	21	17	31	25	27	38	25	36	40	54	54	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities
Non-cash beneficial interest obtained in exchange for securitized receivables
6,610	6,509	6,238	5,767	5,356	4,972	4,679	4,388	4,175	4,063	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accounts payable for purchases of property and equipment
903	935	169	-369	-96	-65	-99	120	-274	-313	-134	-196	-87	-285	167	355	259	-46	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Leased devices transferred from inventory to property and equipment
1,168	1,006	810	741	854	1,011	1,169	1,202	1,192	1,131	1,188	1,160	1,047	1,588	2,772	3,392	3,235	2,451	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Returned leased devices transferred from property and equipment to inventory
269	267	269	278	301	326	353	444	627	742	815	836	668	602	390	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term debt assumed for financing of property and equipment
550	800	775	300	304	291	292	293	241	292	291	290	288	150	150	150	207	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease right-of-use assets obtained in exchange for lease obligations
3,482	3,621	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing lease right-of-use assets obtained in exchange for lease obligations
1,039	1,041	1,377	1,115	923	885	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired under capital lease obligations
-	-	-	-	-	-	-	-	-	-	855	1,101	959	799	840	575	591	470	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-