T-Mobile US (TMUS) FY2014 results: revenue $29.9 billion, up 22.5% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $29.9 billion for fiscal 2014, the year ended 31 December 2014, up 22.5% on the year before. Net income was $247 million, up 605.7%, and diluted earnings per share $0.30. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2015.
Revenue
$29.9 billion
+22.5% on the year
FY2008FY2014
Operating margin
5.9%
4.1% a year earlier
FY2008FY2014
Net income
$247 million
+605.7% on the year
FY2008FY2014
Diluted EPS
$0.30
+500.0% on the year
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
29,920
24,420
19,719
+22.5%
Cost of revenue
15,409
12,255
2,930
+25.7%
Gross profit
14,511
12,165
16,789
+19.3%
Gross margin
48.5%
49.8%
85.1%
Selling, general and administrative
8,863
7,382
6,796
+20.1%
Operating income
1,772
996
-6,397
+77.9%
Operating margin
5.9%
4.1%
-32.4%
Interest expense
1,073
545
0.0
+96.9%
Pre-tax income
413
51.0
-6,986
+709.8%
Income tax
166
16.0
350
+937.5%
Effective tax rate
40.2%
31.4%
n/a
Net income
247
35.0
-7,336
+605.7%
Net margin
0.8%
0.1%
-37.2%
Diluted EPS
$0.30
$0.05
-$13.70
+500.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
4,146
3,545
3,862
+17.0%
Capital expenditure
4,317
4,025
2,901
+7.3%
Free cash flow
-171
-480
961
Free cash flow margin
-0.6%
-2.0%
4.9%
Cash from investing
-7,246
-2,092
-3,915
Cash from financing
2,524
4,044
57.0
-37.6%
Depreciation and amortisation
4,412
3,627
3,187
+21.6%
Share-based compensation
196
100
0.0
+96.0%
Buybacks
n/a
n/a
4.3
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
816m
677m
535m
+20.5%
Shares outstanding at period end
807m
802m
364m
+0.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
15,663
14,245
6,115
+10.0%
Debt
16,273
14,345
4,761
+13.4%
Other liabilities
24,717
21,363
22,746
+15.7%
Total liabilities and equity
56,653
49,953
33,622
+13.4%
Fixed assets
16,245
15,349
12,807
+5.8%
Goodwill
1,683
1,683
0.0
0.0%
Intangible assets
870
1,204
79.0
-27.7%
Investments
0.0
n/a
245
Cash and equivalents
5,315
5,891
394
-9.8%
Receivables
1,865
2,148
2,678
-13.2%
Inventory
1,085
586
457
+85.2%
Other assets
29,590
23,092
16,962
+28.1%
Total assets
56,653
49,953
33,622
+13.4%
10-K for the year ended 31 December 2014, filed 19 February 2015: the filing.