T-Mobile US (TMUS) FY2023 results: revenue $78.6 billion, down 1.3% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $78.6 billion for fiscal 2023, the year ended 31 December 2023, down 1.3% on the year before. Net income was $8.3 billion, up 221.1%, and diluted earnings per share $6.93. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2024.
Revenue
$78.6 billion
-1.3% on the year
FY2016FY2023
Operating margin
18.2%
8.2% a year earlier
FY2016FY2023
Net income
$8.3 billion
+221.1% on the year
FY2016FY2023
Diluted EPS
$6.93
+236.4% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
18,559
16,781
13,917
+10.6%
Capital expenditure
9,801
13,970
12,326
-29.8%
Free cash flow
8,758
2,811
1,591
+211.6%
Free cash flow margin
11.1%
3.5%
2.0%
Cash from investing
-5,829
-12,359
-19,386
Cash from financing
-12,097
-6,451
1,709
Depreciation and amortisation
12,818
13,651
16,383
-6.1%
Share-based compensation
667
595
540
+12.1%
Buybacks
13,074
3,000
0.0
+335.8%
Dividends paid
747
0.0
0.0
Dividend per share
$0.65
n/a
n/a
Diluted shares, weighted
1,200m
1,255m
1,255m
-4.4%
Shares outstanding at period end
1,196m
1,234m
1,249m
-3.1%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
64,715
69,656
69,102
-7.1%
Short-term borrowings
3,619
5,164
3,378
-29.9%
Debt
75,018
71,960
74,193
+4.2%
Operating lease liabilities
28,240
29,855
25,818
-5.4%
Finance lease liabilities
1,236
1,370
1,455
-9.8%
Other liabilities
34,854
33,333
32,617
+4.6%
Total liabilities and equity
207,682
211,338
206,563
-1.7%
Fixed assets
40,432
42,086
39,803
-3.9%
Goodwill
12,234
12,234
12,188
0.0%
Intangible assets
2,618
3,508
4,733
-25.4%
Cash and equivalents
5,135
4,507
6,631
+13.9%
Receivables
4,692
4,445
4,194
+5.6%
Inventory
1,678
1,884
2,567
-10.9%
Other assets
140,893
142,674
136,447
-1.2%
Total assets
207,682
211,338
206,563
-1.7%
10-K for the year ended 31 December 2023, filed 2 February 2024: the filing.