T-Mobile US (TMUS) FY2013 results: revenue $24.4 billion, up 23.8% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $24.4 billion for fiscal 2013, the year ended 31 December 2013, up 23.8% on the year before. Net income was $35 million, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2014.
Revenue
$24.4 billion
+23.8% on the year
FY2008FY2013
Operating margin
4.1%
-32.4% a year earlier
FY2008FY2013
Net income
$35 million
FY2008FY2013
Diluted EPS
$0.05
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
24,420
19,719
20,618
+23.8%
Cost of revenue
12,255
2,930
2,913
+318.3%
Gross profit
12,165
16,789
17,705
-27.5%
Gross margin
49.8%
85.1%
85.9%
Selling, general and administrative
7,382
6,796
6,728
+8.6%
Operating income
996
-6,397
-4,279
Operating margin
4.1%
-32.4%
-20.8%
Interest expense
545
0.0
0.0
Pre-tax income
51.0
-6,986
-4,934
Income tax
16.0
350
-216
-95.4%
Effective tax rate
31.4%
n/a
n/a
Net income
35.0
-7,336
-4,718
Net margin
0.1%
-37.2%
-22.9%
Diluted EPS
$0.05
-$13.70
-$8.81
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
3,545
3,862
4,980
-8.2%
Capital expenditure
4,025
2,901
2,729
+38.7%
Free cash flow
-480
961
2,251
Free cash flow margin
-2.0%
4.9%
10.9%
Cash from investing
-2,092
-3,915
-4,699
Cash from financing
4,044
57.0
0.0
+6,994.7%
Depreciation and amortisation
3,627
3,187
2,982
+13.8%
Share-based compensation
100
0.0
0.0
Buybacks
n/a
4.3
4.9
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
677m
535m
535m
+26.5%
Shares outstanding at period end
802m
364m
n/a
+120.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
14,245
6,115
n/a
+133.0%
Debt
14,345
4,761
n/a
+201.3%
Other liabilities
21,363
22,746
n/a
-6.1%
Total liabilities and equity
49,953
33,622
n/a
+48.6%
Fixed assets
15,349
12,807
n/a
+19.8%
Goodwill
1,683
0.0
n/a
Intangible assets
1,204
79.0
n/a
+1,424.1%
Investments
n/a
245
300
Cash and equivalents
5,891
394
n/a
+1,395.2%
Receivables
2,148
2,678
n/a
-19.8%
Inventory
586
457
n/a
+28.2%
Other assets
23,092
16,962
n/a
+36.1%
Total assets
49,953
33,622
n/a
+48.6%
10-K for the year ended 31 December 2013, filed 25 February 2014: the filing.