2021 Q1 Form 10-Q Financial Statement

#000128369921000088 Filed on May 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $19.76B $11.11B
YoY Change 77.8% 0.3%
Cost Of Revenue $8.373B $4.168B
YoY Change 100.89% -8.64%
Gross Profit $11.39B $6.945B
YoY Change 63.95% 6.55%
Gross Profit Margin 57.62% 62.49%
Selling, General & Admin $4.805B $3.688B
YoY Change 30.29% 7.15%
% of Gross Profit 42.2% 53.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.289B $1.718B
YoY Change 149.65% 7.38%
% of Gross Profit 37.67% 24.74%
Operating Expenses $4.805B $3.688B
YoY Change 30.29% 7.15%
Operating Profit $2.139B $1.539B
YoY Change 38.99% 4.27%
Interest Expense -$835.0M -$272.0M
YoY Change 206.99% -251.96%
% of Operating Profit -39.04% -17.67%
Other Income/Expense, Net -$960.0M -$282.0M
YoY Change 240.43% 3.3%
Pretax Income $1.179B $1.257B
YoY Change -6.21% 4.49%
Income Tax $246.0M $306.0M
% Of Pretax Income 20.87% 24.34%
Net Earnings $933.0M $951.0M
YoY Change -1.89% 4.74%
Net Earnings / Revenue 4.72% 8.56%
Basic Earnings Per Share $0.75 $1.11
Diluted Earnings Per Share $0.74 $1.10
COMMON SHARES
Basic Shares Outstanding 1.244B shares 858.1M shares
Diluted Shares Outstanding 1.253B shares 866.0M shares

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.677B $1.112B
YoY Change 500.45% -22.72%
Cash & Equivalents $6.677B $1.112B
Short-Term Investments
Other Short-Term Assets $1.770B $2.882B
YoY Change -38.58% 80.35%
Inventory $2.209B $1.225B
Prepaid Expenses $670.0M
Receivables $3.592B $1.836B
Other Receivables $3.861B $2.432B
Total Short-Term Assets $18.78B $9.487B
YoY Change 97.94% 8.48%
LONG-TERM ASSETS
Property, Plant & Equipment $40.55B $22.15B
YoY Change 83.07% 5.37%
Goodwill $11.16B $1.930B
YoY Change 478.13% 1.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.14B $2.026B
YoY Change 499.21% 30.54%
Total Long-Term Assets $184.6B $77.74B
YoY Change 137.4% 4.59%
TOTAL ASSETS
Total Short-Term Assets $18.78B $9.487B
Total Long-Term Assets $184.6B $77.74B
Total Assets $203.3B $87.23B
YoY Change 133.11% 5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.559B $228.0M
YoY Change 1899.56% -96.89%
Accrued Expenses $7.651B $2.187B
YoY Change 249.84% -0.68%
Deferred Revenue $972.0M $619.0M
YoY Change 57.03% -6.92%
Short-Term Debt $4.423B $0.00
YoY Change -100.0%
Long-Term Debt Due $1.013B $918.0M
YoY Change 10.35% 0.77%
Total Short-Term Liabilities $19.50B $14.76B
YoY Change 32.12% 10.72%
LONG-TERM LIABILITIES
Long-Term Debt $66.40B $10.96B
YoY Change 505.85% 0.06%
Other Long-Term Liabilities $5.298B $959.0M
YoY Change 452.45% 6.2%
Total Long-Term Liabilities $117.5B $43.49B
YoY Change 170.07% -0.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.50B $14.76B
Total Long-Term Liabilities $117.5B $43.49B
Total Liabilities $137.0B $58.25B
YoY Change 135.12% 2.39%
SHAREHOLDERS EQUITY
Retained Earnings -$4.903B -$7.949B
YoY Change -38.32% -35.38%
Common Stock $72.84B $38.60B
YoY Change 88.72% 1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.00M $11.00M
YoY Change 27.27% 120.0%
Treasury Stock Shares 1.561M shares 1.509M shares
Shareholders Equity $66.38B $28.98B
YoY Change
Total Liabilities & Shareholders Equity $203.3B $87.23B
YoY Change 133.11% 5.0%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $933.0M $951.0M
YoY Change -1.89% 4.74%
Depreciation, Depletion And Amortization $4.289B $1.718B
YoY Change 149.65% 7.38%
Cash From Operating Activities $3.661B $1.617B
YoY Change 126.41% 16.16%
INVESTING ACTIVITIES
Capital Expenditures $3.183B $1.753B
YoY Change 81.57% -9.22%
Acquisitions $29.00M $0.00
YoY Change
Other Investing Activities -$4.000M $16.00M
YoY Change -125.0% 128.57%
Cash From Investing Activities -$11.24B -$1.580B
YoY Change 611.33% 63.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $2.219B $0.00
YoY Change
Cash From Financing Activities $3.874B -$453.0M
YoY Change -955.19% 138.42%
NET CHANGE
Cash From Operating Activities $3.661B $1.617B
Cash From Investing Activities -$11.24B -$1.580B
Cash From Financing Activities $3.874B -$453.0M
Net Change In Cash -$3.704B -$416.0M
YoY Change 790.38% -276.27%
FREE CASH FLOW
Cash From Operating Activities $3.661B $1.617B
Capital Expenditures $3.183B $1.753B
Free Cash Flow $478.0M -$136.0M
YoY Change -451.47% -74.77%

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Estimates are based on historical experience, where applicable, and other assumptions that management believes are reasonable under the circumstances, including but not limited to, the valuation of assets acquired and liabilities assumed through the merger (the “Merger”) with Sprint Corporation (“Sprint”). These estimates are inherently subject to judgment and actual results could differ from those estimates.
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CY2021Q1 tmus Restructuring Term
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ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
1613000000 USD
CY2021Q1 tmus Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
173000000 USD
CY2020Q1 tmus Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
301000000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
485000000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
309000000 USD
CY2021Q1 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
445000000 USD
CY2020Q1 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
59000000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
911000000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
555000000 USD
CY2021Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
109000000 USD
CY2020Q1 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
178000000 USD

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