T-Mobile US (TMUS) FY2018 results: revenue $43.3 billion, up 6.7% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $43.3 billion for fiscal 2018, the year ended 31 December 2018, up 6.7% on the year before. Net income was $2.9 billion, down 36.3%, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2019.
Revenue
$43.3 billion
+6.7% on the year
FY2011FY2018
Operating margin
12.3%
12.0% a year earlier
FY2011FY2018
Net income
$2.9 billion
-36.3% on the year
FY2011FY2018
Diluted EPS
$3.36
-35.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
43,310
40,604
37,490
+6.7%
Cost of revenue
18,354
17,708
16,550
+3.6%
Gross profit
24,956
22,896
20,940
+9.0%
Gross margin
57.6%
56.4%
55.9%
Selling, general and administrative
13,161
12,259
11,378
+7.4%
Operating income
5,309
4,888
4,050
+8.6%
Operating margin
12.3%
12.0%
10.8%
Interest expense
835
1,111
1,418
-24.8%
Pre-tax income
3,917
3,161
2,327
+23.9%
Income tax
1,029
-1,375
867
Effective tax rate
26.3%
-43.5%
37.3%
Net income
2,888
4,536
1,460
-36.3%
Net margin
6.7%
11.2%
3.9%
Diluted EPS
$3.36
$5.20
$1.69
-35.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
3,899
3,831
2,779
+1.8%
Capital expenditure
5,541
5,237
4,702
+5.8%
Free cash flow
-1,642
-1,406
-1,923
Free cash flow margin
-3.8%
-3.5%
-5.1%
Cash from investing
-579
-6,745
-2,324
Cash from financing
-3,336
-1,367
463
Depreciation and amortisation
6,486
5,984
6,243
+8.4%
Share-based compensation
424
306
235
+38.6%
Buybacks
1,071
427
0.0
+150.8%
Dividends paid
0.0
55.0
55.0
Diluted shares, weighted
858m
872m
833m
-1.5%
Shares outstanding at period end
850m
859m
826m
-1.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
24,718
22,559
18,236
+9.6%
Debt
12,965
28,319
27,786
-54.2%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
34,785
19,685
19,869
+76.7%
Total liabilities and equity
72,468
70,563
65,891
+2.7%
Fixed assets
23,359
22,196
20,943
+5.2%
Goodwill
1,901
1,683
1,683
+13.0%
Intangible assets
198
217
376
-8.8%
Investments
n/a
n/a
0.0
Cash and equivalents
1,203
1,219
5,500
-1.3%
Receivables
1,769
1,915
1,896
-7.6%
Inventory
1,084
1,566
1,111
-30.8%
Other assets
42,954
41,767
34,382
+2.8%
Total assets
72,468
70,563
65,891
+2.7%
10-K for the year ended 31 December 2018, filed 7 February 2019: the filing.