T-Mobile US (TMUS) FY2016 results: revenue $37.5 billion, up 15.5% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $37.5 billion for fiscal 2016, the year ended 31 December 2016, up 15.5% on the year before. Net income was $1.5 billion, up 99.2%, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2017.
Revenue
$37.5 billion
+15.5% on the year
FY2009FY2016
Operating margin
10.8%
7.6% a year earlier
FY2009FY2016
Net income
$1.5 billion
+99.2% on the year
FY2009FY2016
Diluted EPS
$1.69
+106.1% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
37,490
32,467
29,920
+15.5%
Cost of revenue
16,550
14,898
15,409
+11.1%
Gross profit
20,940
17,569
14,511
+19.2%
Gross margin
55.9%
54.1%
48.5%
Selling, general and administrative
11,378
10,189
8,863
+11.7%
Operating income
4,050
2,479
1,772
+63.4%
Operating margin
10.8%
7.6%
5.9%
Interest expense
1,418
1,085
1,073
+30.7%
Pre-tax income
2,327
978
413
+137.9%
Income tax
867
245
166
+253.9%
Effective tax rate
37.3%
25.1%
40.2%
Net income
1,460
733
247
+99.2%
Net margin
3.9%
2.3%
0.8%
Diluted EPS
$1.69
$0.82
$0.30
+106.1%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
2,779
1,877
4,146
+48.1%
Capital expenditure
4,702
4,724
4,317
-0.5%
Free cash flow
-1,923
-2,847
-171
Free cash flow margin
-5.1%
-8.8%
-0.6%
Cash from investing
-2,324
-6,023
-7,246
Cash from financing
463
3,413
2,524
-86.4%
Depreciation and amortisation
6,243
4,688
4,412
+33.2%
Share-based compensation
235
201
196
+16.9%
Buybacks
0.0
0.0
n/a
Dividends paid
55.0
55.0
0.0
0.0%
Diluted shares, weighted
833m
823m
816m
+1.3%
Shares outstanding at period end
826m
818m
807m
+1.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
18,236
16,557
15,663
+10.1%
Debt
27,786
20,643
16,273
+34.6%
Other liabilities
19,869
25,236
24,717
-21.3%
Total liabilities and equity
65,891
62,436
56,653
+5.5%
Fixed assets
20,943
20,000
16,245
+4.7%
Goodwill
1,683
1,683
1,683
0.0%
Intangible assets
376
594
870
-36.7%
Investments
0.0
2,998
0.0
Cash and equivalents
5,500
4,582
5,315
+20.0%
Receivables
1,896
1,788
1,865
+6.0%
Inventory
1,111
1,295
1,085
-14.2%
Other assets
34,382
29,496
29,590
+16.6%
Total assets
65,891
62,436
56,653
+5.5%
10-K for the year ended 31 December 2016, filed 14 February 2017: the filing.