2019 Q2 Form 10-Q Financial Statement

#000128369919000109 Filed on July 26, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2 2018 Q1
Revenue $10.98B $10.57B $10.46B
YoY Change 3.86% 3.51% 8.76%
Cost Of Revenue $4.310B $1.530B $1.589B
YoY Change 181.7% 0.79% 12.86%
Gross Profit $6.669B $9.041B $8.866B
YoY Change -26.24% 3.98% 8.06%
Gross Profit Margin 60.74% 85.53% 84.8%
Selling, General & Admin $3.543B $3.185B $3.164B
YoY Change 11.24% 9.26% 7.07%
% of Gross Profit 53.13% 35.23% 35.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.585B $1.634B $1.575B
YoY Change -3.0% 7.57% 0.7%
% of Gross Profit 23.77% 18.07% 17.76%
Operating Expenses $3.543B $3.185B $3.164B
YoY Change 11.24% 9.26% 7.07%
Operating Profit $1.541B $1.450B $1.282B
YoY Change 6.28% 2.4% 23.63%
Interest Expense $182.0M $196.0M $251.0M
YoY Change -7.14% -26.04% -25.96%
% of Operating Profit 11.81% 13.52% 19.58%
Other Income/Expense, Net -$301.0M -$382.0M -$401.0M
YoY Change -21.2% -20.75% -6.74%
Pretax Income $1.240B $1.068B $881.0M
YoY Change 16.1% 14.35% 45.14%
Income Tax $301.0M $286.0M $210.0M
% Of Pretax Income 24.27% 26.78% 23.84%
Net Earnings $939.0M $782.0M $671.0M
YoY Change 20.08% 34.6% -3.87%
Net Earnings / Revenue 8.55% 7.4% 6.42%
Basic Earnings Per Share $1.10 $0.92 $0.78
Diluted Earnings Per Share $1.09 $0.92 $0.78
COMMON SHARES
Basic Shares Outstanding 854.4M shares 847.7M shares 855.2M shares
Diluted Shares Outstanding 860.1M shares 852.0M shares 862.2M shares

Balance Sheet

Concept 2019 Q2 2018 Q2 2018 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.105B $215.0M $2.527B
YoY Change 413.95% 18.78% -66.31%
Cash & Equivalents $1.105B $215.0M $2.527B
Short-Term Investments
Other Short-Term Assets $1.730B $1.929B $2.043B
YoY Change -10.32% 22.09% 45.31%
Inventory $998.0M $998.0M $1.311B
Prepaid Expenses
Receivables $1.817B $1.630B $1.689B
Other Receivables $2.464B $2.319B $2.294B
Total Short-Term Assets $8.114B $7.091B $9.609B
YoY Change 14.43% 4.59% -39.56%
LONG-TERM ASSETS
Property, Plant & Equipment $21.85B $22.38B $22.31B
YoY Change -2.36% 4.44% 5.05%
Goodwill $1.901B $1.901B $1.901B
YoY Change 0.0% 12.95% 12.95%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.707B $1.311B $1.062B
YoY Change 30.21% 60.86% 38.28%
Total Long-Term Assets $76.67B $62.60B $62.40B
YoY Change 22.48% 3.68% 19.65%
TOTAL ASSETS
Total Short-Term Assets $8.114B $7.091B $9.609B
Total Long-Term Assets $76.67B $62.60B $62.40B
Total Assets $84.79B $69.69B $72.00B
YoY Change 21.66% 3.77% 5.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $7.260B $6.686B $7.157B
YoY Change 8.59% 7.41% 16.19%
Accrued Expenses $2.268B
YoY Change
Deferred Revenue $620.0M $722.0M $783.0M
YoY Change -14.13%
Short-Term Debt $300.0M $1.324B $3.765B
YoY Change -77.34% 10.15% -50.08%
Long-Term Debt Due $963.0M
YoY Change
Total Short-Term Liabilities $13.17B $9.281B $12.36B
YoY Change 41.94% 5.13% -19.16%
LONG-TERM LIABILITIES
Long-Term Debt $10.95B $12.07B $12.13B
YoY Change -9.21% -8.64% -7.46%
Other Long-Term Liabilities $913.0M $968.0M $933.0M
YoY Change -5.68% -0.31% -7.07%
Total Long-Term Liabilities $44.65B $37.02B $36.77B
YoY Change 20.6% -4.38% 8.79%
TOTAL LIABILITIES
Total Short-Term Liabilities $13.17B $9.281B $12.36B
Total Long-Term Liabilities $44.65B $37.02B $36.77B
Total Liabilities $57.82B $46.30B $49.13B
YoY Change 24.88% -2.61% 0.09%
SHAREHOLDERS EQUITY
Retained Earnings -$10.45B -$14.39B -$15.86B
YoY Change -27.35% -25.57% -20.34%
Common Stock $38.24B $37.79B $38.06B
YoY Change 1.21% -2.98% -2.11%
Preferred Stock
YoY Change
Treasury Stock (at cost) $8.000M $7.000M $7.000M
YoY Change 14.29% 75.0% 75.0%
Treasury Stock Shares 1.518M shares 1.511M shares 1.511M shares
Shareholders Equity $26.97B $23.39B $22.88B
YoY Change
Total Liabilities & Shareholders Equity $84.79B $69.69B $72.00B
YoY Change 21.66% 3.77% 5.81%

Cashflow Statement

Concept 2019 Q2 2018 Q2 2018 Q1
OPERATING ACTIVITIES
Net Income $939.0M $782.0M $671.0M
YoY Change 20.08% 34.6% -3.87%
Depreciation, Depletion And Amortization $1.585B $1.634B $1.575B
YoY Change -3.0% 7.57% 0.7%
Cash From Operating Activities $2.147B $1.261B $770.0M
YoY Change 70.26% 14.01% 26.64%
INVESTING ACTIVITIES
Capital Expenditures $1.789B $1.629B $1.366B
YoY Change 9.82% 20.94% -10.6%
Acquisitions $0.00 $5.000M $333.0M
YoY Change -100.0%
Other Investing Activities $0.00 -$33.00M $7.000M
YoY Change -100.0% 560.0% -12.5%
Cash From Investing Activities -$1.615B -$306.0M -$462.0M
YoY Change 427.78% -95.1% 11.06%
FINANCING ACTIVITIES
Cash Dividend Paid $0.00 $0.00
YoY Change -100.0% -100.0%
Common Stock Issuance & Retirement, Net $0.00 $405.0M $666.0M
YoY Change -100.0%
Debt Paid & Issued, Net $600.0M $2.350B $999.0M
YoY Change -74.47% -65.19% -71.29%
Cash From Financing Activities -$866.0M -$3.267B $1.000B
YoY Change -73.49% 50.21% -44.72%
NET CHANGE
Cash From Operating Activities $2.147B $1.261B $770.0M
Cash From Investing Activities -$1.615B -$306.0M -$462.0M
Cash From Financing Activities -$866.0M -$3.267B $1.000B
Net Change In Cash -$334.0M -$2.312B $1.308B
YoY Change -85.55% -68.42% -34.63%
FREE CASH FLOW
Cash From Operating Activities $2.147B $1.261B $770.0M
Capital Expenditures $1.789B $1.629B $1.366B
Free Cash Flow $358.0M -$368.0M -$596.0M
YoY Change -197.28% 52.7% -35.22%

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us-gaap Net Income Loss
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CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2019Q2 us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Comprehensive Income Net Of Tax
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
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us-gaap Depreciation Depletion And Amortization
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us-gaap Depreciation Depletion And Amortization
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CY2019Q2 us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Share Based Compensation
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us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
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us-gaap Securitization Financial Asset For Which Transfer Is Accounted As Sale Gain Loss On Sale
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400000000 USD
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Increase Decrease In Other Operating Assets
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Property Plant And Equipment
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Payments To Acquire Intangible Assets
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us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q2 us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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us-gaap Proceeds From Issuance Of Long Term Debt
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CY2018Q2 us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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CY2019Q2 us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Capital Lease Obligations
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments For Repurchase Of Common Stock
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us-gaap Payments For Repurchase Of Common Stock
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CY2019Q2 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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CY2018Q2 us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Interest Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
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CY2019Q2 tmus Change In Capital Expenditures Incurred But Not Yet Paid
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tmus Change In Capital Expenditures Incurred But Not Yet Paid
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CY2019Q2 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
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us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
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CY2018Q2 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2018Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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548000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
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CY2019Q1 us-gaap Stockholders Equity
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143000000 USD
CY2019Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2019Q2 us-gaap Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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us-gaap Cumulative Effect On Retained Earnings Net Of Tax1
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CY2018Q1 us-gaap Stockholders Equity
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CY2018Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2018Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2018Q2 us-gaap Stock Repurchased And Retired During Period Value
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CY2018Q2 us-gaap Stockholders Equity
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CY2017Q4 us-gaap Stockholders Equity
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us-gaap Net Income Loss
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CY2018Q2 us-gaap Stockholders Equity
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us-gaap Use Of Estimates
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Estimates are based on historical experience, where applicable, and other assumptions which our management believes are reasonable under the circumstances. These estimates are inherently subject to judgment and actual results could differ from those estimates. <div style="line-height:120%;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
CY2018Q4 us-gaap Other Assets Current
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1552000000 USD
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10950000000 USD
CY2018Q4 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
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2557000000 USD
CY2019Q1 us-gaap Sale Leaseback Transaction Amount Due Under Financing Arrangement
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CY2019Q1 us-gaap Finance Lease Liability
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tmus Numberof Portfolio Segments
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4050000000 USD
CY2018Q4 us-gaap Notes Receivable Net
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4085000000 USD
CY2019Q2 us-gaap Notes Receivable Net
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4050000000 USD
CY2018Q4 us-gaap Notes Receivable Net
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4085000000 USD
CY2018Q4 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
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CY2017Q4 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
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us-gaap Provision For Loan Lease And Other Losses
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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tmus Receivable With Imputed Interest Discount Increase Decrease
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CY2018Q2 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
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CY2019Q2 tmus Minimum Lease Payments Sale Leaseback Transactions Duein Rolling Years Twoand Three
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CY2019Q2 tmus Minimum Lease Payments Sale Leaseback Transactions Duein Rolling Years Fourand Five
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315000000 USD
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CY2019Q2 us-gaap Revenue Remaining Performance Obligation
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CY2019Q2 us-gaap Capitalized Contract Cost Net
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CY2019Q2 us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Impairment Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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860135593 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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852040670 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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860890870 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
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858728832 shares
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1.10
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0.92
us-gaap Earnings Per Share Basic
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2.16
us-gaap Earnings Per Share Basic
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1.71
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1.09
CY2018Q2 us-gaap Earnings Per Share Diluted
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0.92
us-gaap Earnings Per Share Diluted
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2.14
us-gaap Earnings Per Share Diluted
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CY2019Q2 us-gaap Operating Lease Expense
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us-gaap Operating Lease Expense
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us-gaap Finance Lease Right Of Use Asset Amortization
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230000000 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
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20000000 USD
us-gaap Finance Lease Interest Expense
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40000000 USD
CY2019Q2 tmus Finance Lease Expense
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137000000 USD
tmus Finance Lease Expense
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270000000 USD
CY2019Q2 us-gaap Variable Lease Cost
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us-gaap Variable Lease Cost
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123000000 USD
CY2019Q2 us-gaap Lease Cost
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us-gaap Lease Cost
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P6Y
CY2019Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
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P3Y
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CY2019Q2 us-gaap Finance Lease Weighted Average Discount Rate Percent
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
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1021000000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Two
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CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Three
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2503000000 USD
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430000000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Four
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2088000000 USD
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126000000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due In Rolling Year Five
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1449000000 USD
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58000000 USD
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91000000 USD
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2334000000 USD
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162000000 USD
CY2019Q2 us-gaap Operating Lease Liability
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CY2019Q2 us-gaap Finance Lease Interest Payment On Liability
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us-gaap Finance Lease Interest Payment On Liability
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CY2019Q2 tmus Lessee Operating Lease Lease Notyet Commenced Payments Due
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300000000 USD
tmus Device Upgrade Period
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P18M
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Gross
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570000000 USD
CY2018Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
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622000000 USD
CY2019Q2 us-gaap Property Subject To Or Available For Operating Lease Net
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318000000 USD
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CY2019Q2 us-gaap Lessor Operating Lease Payments To Be Received
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3300000000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
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419000000 USD
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59000000 USD
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478000000 USD
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102000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
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66000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
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106000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Due
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2203000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
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143000000 USD
CY2018Q4 us-gaap Capital Leases Future Minimum Payments Executory Costs
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45000000 USD
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Balance On First Anniversary
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147000000 USD
CY2019Q2 tmus Unrecorded Unconditional Purchase Obligation Duewithin Year Twoand Three
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242000000 USD
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160000000 USD
CY2019Q2 us-gaap Unrecorded Unconditional Purchase Obligation Due After Five Years
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188000000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2019Q2 us-gaap Assets Current
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CY2019Q2 us-gaap Property Plant And Equipment Net
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CY2019Q2 us-gaap Stockholders Equity
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CY2019Q2 us-gaap Liabilities And Stockholders Equity
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