2021 Q2 Form 10-Q Financial Statement

#000128369921000150 Filed on August 03, 2021

View on sec.gov

Income Statement

Concept 2021 Q2 2020 Q2 2020 Q1
Revenue $19.95B $17.67B $11.11B
YoY Change 12.9% 60.95% 0.3%
Cost Of Revenue $8.624B $6.725B $4.168B
YoY Change 28.24% 56.03% -8.64%
Gross Profit $11.33B $10.95B $6.945B
YoY Change 3.47% 64.13% 6.55%
Gross Profit Margin 56.77% 61.94% 62.49%
Selling, General & Admin $4.823B $5.604B $3.688B
YoY Change -13.94% 58.17% 7.15%
% of Gross Profit 42.58% 51.2% 53.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $4.077B $4.064B $1.718B
YoY Change 0.32% 156.4% 7.38%
% of Gross Profit 36.0% 37.13% 24.74%
Operating Expenses $4.823B $5.604B $3.688B
YoY Change -13.94% 58.17% 7.15%
Operating Profit $2.106B $820.0M $1.539B
YoY Change 156.83% -46.79% 4.27%
Interest Expense -$850.0M -$833.0M -$272.0M
YoY Change 2.04% -557.69% -251.96%
% of Operating Profit -40.36% -101.59% -17.67%
Other Income/Expense, Net -$851.0M -$1.028B -$282.0M
YoY Change -17.22% 241.53% 3.3%
Pretax Income $1.255B -$208.0M $1.257B
YoY Change -703.37% -116.77% 4.49%
Income Tax $277.0M $2.000M $306.0M
% Of Pretax Income 22.07% 24.34%
Net Earnings $978.0M $110.0M $951.0M
YoY Change 789.09% -88.29% 4.74%
Net Earnings / Revenue 4.9% 0.62% 8.56%
Basic Earnings Per Share $0.78 $0.09 $1.11
Diluted Earnings Per Share $0.78 $0.09 $1.10
COMMON SHARES
Basic Shares Outstanding 1.248B shares 1.237B shares 858.1M shares
Diluted Shares Outstanding 1.254B shares 1.237B shares 866.0M shares

Balance Sheet

Concept 2021 Q2 2020 Q2 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.793B $11.08B $1.112B
YoY Change -29.64% 902.35% -22.72%
Cash & Equivalents $7.793B $11.08B $1.112B
Short-Term Investments
Other Short-Term Assets $1.642B $2.586B $2.882B
YoY Change -36.5% 49.48% 80.35%
Inventory $1.707B $1.549B $1.225B
Prepaid Expenses $818.0M $627.0M
Receivables $4.528B $3.355B $1.836B
Other Receivables $4.082B $3.218B $2.432B
Total Short-Term Assets $20.57B $24.32B $9.487B
YoY Change -15.42% 199.74% 8.48%
LONG-TERM ASSETS
Property, Plant & Equipment $39.75B $38.80B $22.15B
YoY Change 2.45% 77.6% 5.37%
Goodwill $11.15B $10.91B $1.930B
YoY Change 2.22% 473.91% 1.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $12.27B $2.326B $2.026B
YoY Change 427.34% 36.26% 30.54%
Total Long-Term Assets $183.6B $162.9B $77.74B
YoY Change 12.69% 112.43% 4.59%
TOTAL ASSETS
Total Short-Term Assets $20.57B $24.32B $9.487B
Total Long-Term Assets $183.6B $162.9B $77.74B
Total Assets $204.1B $187.2B $87.23B
YoY Change 9.04% 120.78% 5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.855B $9.348B $228.0M
YoY Change -58.76% 28.76% -96.89%
Accrued Expenses $8.133B $4.164B $2.187B
YoY Change 95.32% 83.6% -0.68%
Deferred Revenue $939.0M $1.185B $619.0M
YoY Change -20.76% 91.13% -6.92%
Short-Term Debt $4.648B $3.818B $0.00
YoY Change 21.74% 1172.67% -100.0%
Long-Term Debt Due $1.045B $1.040B $918.0M
YoY Change 0.48% 8.0% 0.77%
Total Short-Term Liabilities $21.84B $23.19B $14.76B
YoY Change -5.84% 76.05% 10.72%
LONG-TERM LIABILITIES
Long-Term Debt $65.90B $62.78B $10.96B
YoY Change 4.96% 473.15% 0.06%
Other Long-Term Liabilities $5.229B $3.494B $959.0M
YoY Change 49.66% 282.69% 6.2%
Total Long-Term Liabilities $114.8B $101.0B $43.49B
YoY Change 13.67% 126.24% -0.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.84B $23.19B $14.76B
Total Long-Term Liabilities $114.8B $101.0B $43.49B
Total Liabilities $136.7B $124.2B $58.25B
YoY Change 10.02% 114.81% 2.39%
SHAREHOLDERS EQUITY
Retained Earnings -$3.925B -$7.839B -$7.949B
YoY Change -49.93% -25.01% -35.38%
Common Stock $72.92B $72.51B $38.60B
YoY Change 0.57% 89.6% 1.3%
Preferred Stock
YoY Change
Treasury Stock (at cost) $14.00M $12.00M $11.00M
YoY Change 16.67% 50.0% 120.0%
Treasury Stock Shares 1.558M shares 1.549M shares 1.509M shares
Shareholders Equity $67.47B $63.00B $28.98B
YoY Change
Total Liabilities & Shareholders Equity $204.1B $187.2B $87.23B
YoY Change 9.04% 120.78% 5.0%

Cashflow Statement

Concept 2021 Q2 2020 Q2 2020 Q1
OPERATING ACTIVITIES
Net Income $978.0M $110.0M $951.0M
YoY Change 789.09% -88.29% 4.74%
Depreciation, Depletion And Amortization $4.077B $4.064B $1.718B
YoY Change 0.32% 156.4% 7.38%
Cash From Operating Activities $3.779B $777.0M $1.617B
YoY Change 386.36% -63.81% 16.16%
INVESTING ACTIVITIES
Capital Expenditures $3.270B $2.257B $1.753B
YoY Change 44.88% 26.16% -9.22%
Acquisitions $1.000M $5.000B $0.00
YoY Change -99.98%
Other Investing Activities -$28.00M $168.0M $16.00M
YoY Change -116.67% 128.57%
Cash From Investing Activities -$2.083B -$6.356B -$1.580B
YoY Change -67.23% 293.56% 63.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 -$300.0M
YoY Change -100.0%
Debt Paid & Issued, Net $3.150B $10.53B $0.00
YoY Change -70.08% 1654.83%
Cash From Financing Activities -$577.0M $15.63B -$453.0M
YoY Change -103.69% -1904.62% 138.42%
NET CHANGE
Cash From Operating Activities $3.779B $777.0M $1.617B
Cash From Investing Activities -$2.083B -$6.356B -$1.580B
Cash From Financing Activities -$577.0M $15.63B -$453.0M
Net Change In Cash $1.119B $10.05B -$416.0M
YoY Change -88.86% -3108.68% -276.27%
FREE CASH FLOW
Cash From Operating Activities $3.779B $777.0M $1.617B
Capital Expenditures $3.270B $2.257B $1.753B
Free Cash Flow $509.0M -$1.480B -$136.0M
YoY Change -134.39% -513.41% -74.77%

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us-gaap Proceeds From Issuance Of Common Stock
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us-gaap Repayments Of Short Term Debt
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us-gaap Repayments Of Short Term Debt
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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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CY2021Q2 us-gaap Payments Of Debt Extinguishment Costs
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CY2020Q2 us-gaap Payments Of Debt Extinguishment Costs
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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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CY2021Q2 tmus Stock Issued During Period Value Transfers With Ndqc Plan
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CY2021Q2 us-gaap Proceeds From Payments For Other Financing Activities
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CY2020Q2 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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us-gaap Proceeds From Payments For Other Financing Activities
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CY2020Q2 us-gaap Net Cash Provided By Used In Financing Activities
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tmus Stock Issued During Period Value Transfers With Ndqc Plan
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CY2021Q2 us-gaap Stockholders Equity
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CY2020Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2020Q2 tmus Stock Issued During Period Value Transfers With Ndqc Plan
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CY2020Q2 us-gaap Stock Issued During Period Value New Issues
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tmus Prior Year Retained Earnings
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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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tmus Receivable With Imputed Interest Discount Increase Decrease
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us-gaap Financing Receivable Significant Sales
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CY2020Q2 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
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tmus Debt Instrument Average Amount Outstanding During Period
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CY2021Q2 us-gaap Debt Instrument Repurchased Face Amount
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tmus Writeoffof Premiums Discountsand Issuance Costs
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tmus Reimbursement Of Call Penalties
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CY2021Q2 tmus Minimum Lease Payments Failed Sale Leaseback Transaction Next Twelve Months
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CY2021Q2 tmus Minimum Lease Payments Failed Sale Leaseback Transactions Within Two And Three Years
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CY2021Q2 tmus Minimum Lease Payments Failed Sale Leaseback Transactions Within Four And Five Years
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CY2021Q2 tmus Minimum Lease Payments Failed Sale Leaseback Transactions Thereafter
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us-gaap Capitalized Contract Cost Amortization
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us-gaap Capitalized Contract Cost Amortization
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CY2020Q2 us-gaap Capitalized Contract Cost Impairment Loss
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CY2021Q2 tmus Purchase Obligation Due In Rolling After Year Five
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CY2021Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
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CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2020Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax
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us-gaap Income Loss From Discontinued Operations Net Of Tax
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CY2021Q2 us-gaap Net Income Loss
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CY2020Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020Q2 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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CY2021Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2020Q2 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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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1236528444 shares
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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CY2021Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
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1.53
us-gaap Income Loss From Continuing Operations Per Basic Share
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CY2021Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
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us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
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us-gaap Earnings Per Share Diluted
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us-gaap Earnings Per Share Diluted
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CY2021Q2 tmus Purchase Obligation Due In Next Rolling Twelve Months
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3900000000 USD
CY2021Q2 tmus Purchase Obligation Due In Rolling Year Two And Three
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4500000000 USD
CY2021Q2 tmus Purchase Obligation Due In Rolling Year Four And Five
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2300000000 USD
CY2021Q2 tmus Lease And Service Credit Commitment Due In Next Rolling Twelve Months
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339000000 USD
CY2021Q2 tmus Lease And Service Credit Commitment Due In Rolling Year Two And Three
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624000000 USD
CY2021Q2 tmus Lease And Service Credit Commitment Due In Rolling Year Four And Five
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582000000 USD
CY2021Q2 tmus Lease And Service Credit Commitment Due In Rolling After Year Five
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4900000000 USD
CY2021Q2 tmus Lease And Service Credit Commitment Maximum Remaining Commitment
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89000000 USD
CY2021Q2 tmus Merger Commitment Settlement Due In Next Rolling Twelve Months
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9000000 USD
CY2021Q2 tmus Merger Commitment Settlement Due In Rolling Year Two And Three
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13000000 USD
CY2021Q2 tmus Merger Commitment Settlement Due In Rolling Year Four And Five
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CY2021Q2 us-gaap Restructuring Charges
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us-gaap Restructuring Charges
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CY2021Q2 us-gaap Restructuring And Related Cost Cost Incurred To Date1
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us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
384000000 USD
CY2020Q4 us-gaap Restructuring Reserve
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163000000 USD
us-gaap Restructuring Charges
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82000000 USD
us-gaap Payments For Restructuring
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147000000 USD
us-gaap Restructuring Reserve Accrual Adjustment1
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-20000000 USD
CY2021Q2 us-gaap Restructuring Reserve
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78000000 USD
tmus Restructuring Term
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P3Y
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AccountsPayableTradeCurrent
3855000000 USD
CY2020Q4 us-gaap Accounts Payable Trade Current
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CY2020Q4 us-gaap Accrual For Taxes Other Than Income Taxes Current
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CY2021Q2 us-gaap Employee Related Liabilities Current
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CY2020Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
1540000000 USD
CY2021Q2 us-gaap Interest Payable Current
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769000000 USD
CY2020Q4 us-gaap Interest Payable Current
InterestPayableCurrent
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CY2021Q2 us-gaap Accrued Sales Commission Current
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257000000 USD
CY2020Q4 us-gaap Accrued Sales Commission Current
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CY2021Q2 tmus Accrued Liabilities Toll And Interconnect
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CY2020Q4 tmus Accrued Liabilities Toll And Interconnect
AccruedLiabilitiesTollAndInterconnect
217000000 USD
CY2021Q2 us-gaap Accrued Advertising Current
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65000000 USD
CY2020Q4 us-gaap Accrued Advertising Current
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CY2021Q2 us-gaap Other Accrued Liabilities Current
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396000000 USD
CY2020Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
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CY2021Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2020Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
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CY2021Q2 us-gaap Interest Paid Net
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CY2020Q2 us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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us-gaap Interest Paid Net
InterestPaidNet
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CY2021Q2 us-gaap Operating Lease Payments
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CY2020Q2 us-gaap Operating Lease Payments
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1269000000 USD
us-gaap Operating Lease Payments
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2914000000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
2144000000 USD
CY2021Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
63000000 USD
CY2020Q2 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
31000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
85000000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
55000000 USD
CY2021Q2 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
1089000000 USD
CY2020Q2 us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
1486000000 USD
us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
2470000000 USD
us-gaap Consideration Received For Beneficial Interest Obtained For Transferring Financial Asset
ConsiderationReceivedForBeneficialInterestObtainedForTransferringFinancialAsset
3099000000 USD
CY2021Q2 tmus Noncash Or Part Noncash Acquisition Consideration
NoncashOrPartNoncashAcquisitionConsideration
0 USD
CY2020Q2 tmus Noncash Or Part Noncash Acquisition Consideration
NoncashOrPartNoncashAcquisitionConsideration
33533000000 USD
tmus Noncash Or Part Noncash Acquisition Consideration
NoncashOrPartNoncashAcquisitionConsideration
0 USD
tmus Noncash Or Part Noncash Acquisition Consideration
NoncashOrPartNoncashAcquisitionConsideration
33533000000 USD
CY2021Q2 tmus Change In Capital Expenditures Incurred But Not Yet Paid
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367000000 USD
CY2020Q2 tmus Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
38000000 USD
tmus Change In Capital Expenditures Incurred But Not Yet Paid
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540000000 USD
tmus Change In Capital Expenditures Incurred But Not Yet Paid
ChangeInCapitalExpendituresIncurredButNotYetPaid
339000000 USD
CY2021Q2 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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333000000 USD
CY2020Q2 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
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1444000000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
818000000 USD
us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
1753000000 USD
CY2021Q2 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
416000000 USD
CY2020Q2 us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
538000000 USD
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
861000000 USD
us-gaap Noncash Or Part Noncash Acquisition Inventory Acquired1
NoncashOrPartNoncashAcquisitionInventoryAcquired1
597000000 USD
CY2021Q2 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
CY2020Q2 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
38000000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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38000000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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1043000000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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658000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1954000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1213000000 USD
CY2021Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
377000000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
515000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
486000000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
693000000 USD

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