T-Mobile US (TMUS) FY2024 results: revenue $81.4 billion, up 3.6% on the year
T-Mobile US, Inc. (TMUS) reported revenue of $81.4 billion for fiscal 2024, the year ended 31 December 2024, up 3.6% on the year before. Net income was $11.3 billion, up 36.3%, and diluted earnings per share $9.66. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2025.
Revenue
$81.4 billion
+3.6% on the year
FY2017FY2024
Operating margin
22.1%
18.2% a year earlier
FY2017FY2024
Net income
$11.3 billion
+36.3% on the year
FY2017FY2024
Diluted EPS
$9.66
+39.4% on the year
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
22,293
18,559
16,781
+20.1%
Capital expenditure
8,840
9,801
13,970
-9.8%
Free cash flow
13,453
8,758
2,811
+53.6%
Free cash flow margin
16.5%
11.1%
3.5%
Cash from investing
-9,072
-5,829
-12,359
Cash from financing
-12,815
-12,097
-6,451
Depreciation and amortisation
12,919
12,818
13,651
+0.8%
Share-based compensation
649
667
595
-2.7%
Buybacks
11,228
13,074
3,000
-14.1%
Dividends paid
3,300
747
0.0
+341.8%
Dividend per share
$3.71
$0.65
n/a
+470.8%
Diluted shares, weighted
1,173m
1,200m
1,255m
-2.3%
Shares outstanding at period end
1,145m
1,196m
1,234m
-4.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
61,741
64,715
69,656
-4.6%
Short-term borrowings
4,068
3,619
5,164
+12.4%
Debt
78,265
75,018
71,960
+4.3%
Operating lease liabilities
26,408
28,240
29,855
-6.5%
Finance lease liabilities
1,151
1,236
1,370
-6.9%
Other liabilities
36,402
34,854
33,333
+4.4%
Total liabilities and equity
208,035
207,682
211,338
+0.2%
Fixed assets
38,533
40,432
42,086
-4.7%
Goodwill
13,005
12,234
12,234
+6.3%
Intangible assets
2,512
2,618
3,508
-4.0%
Cash and equivalents
5,409
5,135
4,507
+5.3%
Receivables
4,276
4,692
4,445
-8.9%
Inventory
1,607
1,678
1,884
-4.2%
Other assets
142,693
140,893
142,674
+1.3%
Total assets
208,035
207,682
211,338
+0.2%
10-K for the year ended 31 December 2024, filed 31 January 2025: the filing.