T-Mobile US (TMUS) FY2015 results: revenue $32.5 billion, up 8.5% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $32.5 billion for fiscal 2015, the year ended 31 December 2015, up 8.5% on the year before. Net income was $733 million, up 196.8%, and diluted earnings per share $0.82. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2016.
Revenue
$32.5 billion
+8.5% on the year
FY2008FY2015
Operating margin
7.6%
5.9% a year earlier
FY2008FY2015
Net income
$733 million
+196.8% on the year
FY2008FY2015
Diluted EPS
$0.82
+173.3% on the year
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
32,467
29,920
24,420
+8.5%
Cost of revenue
14,898
15,409
12,255
-3.3%
Gross profit
17,569
14,511
12,165
+21.1%
Gross margin
54.1%
48.5%
49.8%
Selling, general and administrative
10,189
8,863
7,382
+15.0%
Operating income
2,479
1,772
996
+39.9%
Operating margin
7.6%
5.9%
4.1%
Interest expense
1,085
1,073
545
+1.1%
Pre-tax income
978
413
51.0
+136.8%
Income tax
245
166
16.0
+47.6%
Effective tax rate
25.1%
40.2%
31.4%
Net income
733
247
35.0
+196.8%
Net margin
2.3%
0.8%
0.1%
Diluted EPS
$0.82
$0.30
$0.05
+173.3%
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
1,877
4,146
3,545
-54.7%
Capital expenditure
4,724
4,317
4,025
+9.4%
Free cash flow
-2,847
-171
-480
Free cash flow margin
-8.8%
-0.6%
-2.0%
Cash from investing
-6,023
-7,246
-2,092
Cash from financing
3,413
2,524
4,044
+35.2%
Depreciation and amortisation
4,688
4,412
3,627
+6.3%
Share-based compensation
201
196
100
+2.6%
Buybacks
0.0
n/a
n/a
Dividends paid
55.0
0.0
0.0
Diluted shares, weighted
823m
816m
677m
+0.8%
Shares outstanding at period end
818m
807m
802m
+1.4%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
16,557
15,663
14,245
+5.7%
Debt
20,643
16,273
14,345
+26.9%
Other liabilities
25,236
24,717
21,363
+2.1%
Total liabilities and equity
62,436
56,653
49,953
+10.2%
Fixed assets
20,000
16,245
15,349
+23.1%
Goodwill
1,683
1,683
1,683
0.0%
Intangible assets
594
870
1,204
-31.7%
Investments
2,998
0.0
n/a
Cash and equivalents
4,582
5,315
5,891
-13.8%
Receivables
1,788
1,865
2,148
-4.1%
Inventory
1,295
1,085
586
+19.4%
Other assets
29,496
29,590
23,092
-0.3%
Total assets
62,436
56,653
49,953
+10.2%
10-K for the year ended 31 December 2015, filed 17 February 2016: the filing.