T-Mobile US (TMUS) FY2017 results: revenue $40.6 billion, up 8.3% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $40.6 billion for fiscal 2017, the year ended 31 December 2017, up 8.3% on the year before. Net income was $4.5 billion, up 210.7%, and diluted earnings per share $5.20. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2018.
Revenue
$40.6 billion
+8.3% on the year
FY2010FY2017
Operating margin
12.0%
10.8% a year earlier
FY2010FY2017
Net income
$4.5 billion
+210.7% on the year
FY2010FY2017
Diluted EPS
$5.20
+207.7% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
40,604
37,490
32,467
+8.3%
Cost of revenue
17,708
16,550
14,898
+7.0%
Gross profit
22,896
20,940
17,569
+9.3%
Gross margin
56.4%
55.9%
54.1%
Selling, general and administrative
12,259
11,378
10,189
+7.7%
Operating income
4,888
4,050
2,479
+20.7%
Operating margin
12.0%
10.8%
7.6%
Interest expense
1,111
1,418
1,085
-21.7%
Pre-tax income
3,161
2,327
978
+35.8%
Income tax
-1,375
867
245
Effective tax rate
-43.5%
37.3%
25.1%
Net income
4,536
1,460
733
+210.7%
Net margin
11.2%
3.9%
2.3%
Diluted EPS
$5.20
$1.69
$0.82
+207.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
3,831
2,779
1,877
+37.9%
Capital expenditure
5,237
4,702
4,724
+11.4%
Free cash flow
-1,406
-1,923
-2,847
Free cash flow margin
-3.5%
-5.1%
-8.8%
Cash from investing
-6,745
-2,324
-6,023
Cash from financing
-1,367
463
3,413
Depreciation and amortisation
5,984
6,243
4,688
-4.1%
Share-based compensation
306
235
201
+30.2%
Buybacks
427
0.0
0.0
Dividends paid
55.0
55.0
55.0
0.0%
Diluted shares, weighted
872m
833m
823m
+4.6%
Shares outstanding at period end
859m
826m
818m
+4.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
22,559
18,236
16,557
+23.7%
Debt
28,319
27,786
20,643
+1.9%
Other liabilities
19,685
19,869
25,236
-0.9%
Total liabilities and equity
70,563
65,891
62,436
+7.1%
Fixed assets
22,196
20,943
20,000
+6.0%
Goodwill
1,683
1,683
1,683
0.0%
Intangible assets
217
376
594
-42.3%
Investments
n/a
0.0
2,998
Cash and equivalents
1,219
5,500
4,582
-77.8%
Receivables
1,915
1,896
1,788
+1.0%
Inventory
1,566
1,111
1,295
+41.0%
Other assets
41,767
34,382
29,496
+21.5%
Total assets
70,563
65,891
62,436
+7.1%
10-K for the year ended 31 December 2017, filed 8 February 2018: the filing.