2024 Q1 Form 10-K Financial Statement

#000128369924000008 Filed on February 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $19.59B $20.48B $78.56B
YoY Change -0.19% 1.01% -1.27%
Cost Of Revenue $6.980B $8.254B $29.55B
YoY Change -6.31% -0.85% -7.7%
Gross Profit $12.61B $12.22B $49.01B
YoY Change 3.55% 2.31% 3.05%
Gross Profit Margin 64.38% 59.69% 62.39%
Selling, General & Admin $4.626B $4.678B $21.31B
YoY Change -14.73% -12.25% 2.3%
% of Gross Profit 36.67% 38.27% 43.48%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.371B $3.318B $12.82B
YoY Change 5.25% 1.72% -6.1%
% of Gross Profit 26.72% 27.14% 26.15%
Operating Expenses $8.486B $8.496B $21.31B
YoY Change 56.42% -1.13% -38.2%
Operating Profit $4.128B $3.728B $14.27B
YoY Change 21.52% 11.12% 9.1%
Interest Expense -$880.0M -$849.0M -$3.335B
YoY Change 5.39% 3.28% -0.86%
% of Operating Profit -21.32% -22.77% -23.38%
Other Income/Expense, Net $20.00M $12.00M -$3.267B
YoY Change -102.42% 500.0% 9800.0%
Pretax Income $3.138B $2.643B $11.00B
YoY Change 22.05% 37.16% 249.62%
Income Tax $764.0M $629.0M $2.682B
% Of Pretax Income 24.35% 23.8% 24.38%
Net Earnings $2.374B $2.014B $8.317B
YoY Change 22.37% 36.36% 221.12%
Net Earnings / Revenue 12.12% 9.83% 10.59%
Basic Earnings Per Share $2.00 $7.02
Diluted Earnings Per Share $2.00 $1.67 $6.93
COMMON SHARES
Basic Shares Outstanding 1.187B shares 1.156B shares 1.185B shares
Diluted Shares Outstanding 1.189B shares 1.200B shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.708B $5.135B $5.135B
YoY Change 47.75% 13.93% 13.93%
Cash & Equivalents $6.708B $5.135B $5.135B
Short-Term Investments
Other Short-Term Assets $2.206B $2.352B $2.447B
YoY Change -13.25% -24.32% -21.27%
Inventory $1.521B $1.678B $1.678B
Prepaid Expenses $715.0M $702.0M
Receivables $4.801B $4.692B $5.299B
Other Receivables $4.059B $4.456B $4.456B
Total Short-Term Assets $19.30B $19.02B $19.02B
YoY Change 2.22% -0.27% -0.27%
LONG-TERM ASSETS
Property, Plant & Equipment $69.23B $40.43B $70.84B
YoY Change 64.63% -45.4% -4.35%
Goodwill $12.23B $12.23B
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.000B $4.229B $4.229B
YoY Change -4.97% 2.47% 2.47%
Total Long-Term Assets $187.0B $188.7B $188.7B
YoY Change -2.26% -1.87% -1.87%
TOTAL ASSETS
Total Short-Term Assets $19.30B $19.02B $19.02B
Total Long-Term Assets $187.0B $188.7B $188.7B
Total Assets $206.3B $207.7B $207.7B
YoY Change -1.86% -1.73% -1.73%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.07B $15.95B $15.95B
YoY Change 72.11% 29.91% 29.91%
Accrued Expenses $7.818B $8.355B $8.355B
YoY Change -3.52% 137.9% 137.9%
Deferred Revenue $846.0M $825.0M
YoY Change 5.22% 5.77%
Short-Term Debt $5.356B $3.619B $3.619B
YoY Change 2.7% -29.92% -29.92%
Long-Term Debt Due $1.265B $1.260B $1.260B
YoY Change 7.2% 8.53% 8.53%
Total Short-Term Liabilities $20.56B $20.93B $20.93B
YoY Change -13.77% -15.42% -15.42%
LONG-TERM LIABILITIES
Long-Term Debt $77.77B $71.40B $76.41B
YoY Change 14.31% -0.97% 5.98%
Other Long-Term Liabilities $31.67B $3.929B $32.17B
YoY Change 733.06% -88.43% -5.26%
Total Long-Term Liabilities $109.4B $122.0B $108.6B
YoY Change -8.34% 15.07% 2.38%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.56B $20.93B $20.93B
Total Long-Term Liabilities $109.4B $122.0B $108.6B
Total Liabilities $144.2B $143.0B $143.0B
YoY Change 0.66% 0.91% 0.91%
SHAREHOLDERS EQUITY
Retained Earnings $8.196B $7.347B
YoY Change 377.34% -3394.62%
Common Stock $67.79B $67.71B
YoY Change -8.45% -8.43%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $62.07B $64.72B $64.72B
YoY Change
Total Liabilities & Shareholders Equity $206.3B $207.7B $207.7B
YoY Change -1.86% -1.73% -1.73%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income $2.374B $2.014B $8.317B
YoY Change 22.37% 36.36% 221.12%
Depreciation, Depletion And Amortization $3.371B $3.318B $12.82B
YoY Change 5.25% 1.72% -6.1%
Cash From Operating Activities $5.084B $4.859B $18.56B
YoY Change 25.5% 12.06% 10.6%
INVESTING ACTIVITIES
Capital Expenditures $2.688B $2.372B $9.801B
YoY Change -10.43% -169.87% -156.65%
Acquisitions $0.00
YoY Change -100.0%
Other Investing Activities $901.0M $1.151B -$154.0M
YoY Change 17920.0% -7.33% -103.12%
Cash From Investing Activities -$1.787B -$1.221B -$5.829B
YoY Change 3.41% -43.29% -52.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $13.07B
YoY Change -535.8%
Debt Paid & Issued, Net $223.0M $5.051B
YoY Change 70.23% -9.09%
Cash From Financing Activities -1.666B -3.530B -$12.10B
YoY Change -26.7% -21.52% 87.52%
NET CHANGE
Cash From Operating Activities 5.084B 4.859B $18.56B
Cash From Investing Activities -1.787B -1.221B -$5.829B
Cash From Financing Activities -1.666B -3.530B -$12.10B
Net Change In Cash 1.631B 108.0M $633.0M
YoY Change 3162.0% -104.67% -131.2%
FREE CASH FLOW
Cash From Operating Activities $5.084B $4.859B $18.56B
Capital Expenditures $2.688B $2.372B $9.801B
Free Cash Flow $2.396B $2.487B $8.758B
YoY Change 128.19% -67.83% -74.3%

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6.93
CY2022 us-gaap Earnings Per Share Diluted
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CY2021 us-gaap Earnings Per Share Diluted
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2.41
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CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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1247154988 shares
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1200286264 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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1255376769 shares
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CY2021 us-gaap Net Income Loss
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CY2022 us-gaap Asset Impairment Charges
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CY2021 us-gaap Asset Impairment Charges
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CY2022 tmus Disposal Group Not Discontinued Operation Gain Loss On Remeasurement Of Disposal Group Held For Sale
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CY2021 tmus Disposal Group Not Discontinued Operation Gain Loss On Remeasurement Of Disposal Group Held For Sale
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CY2023 us-gaap Increase Decrease In Inventories
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CY2023 tmus Increase Decreasein Operating Lease Rightof Use Asset
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CY2022 tmus Increase Decreasein Operating Lease Rightof Use Asset
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CY2021 tmus Increase Decreasein Operating Lease Rightof Use Asset
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CY2022 us-gaap Increase Decrease In Other Operating Assets
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CY2021 us-gaap Increase Decrease In Other Operating Assets
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CY2023 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2023 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Operating Lease Liability
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CY2021 us-gaap Increase Decrease In Operating Lease Liability
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CY2022 us-gaap Increase Decrease In Other Operating Liabilities
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CY2021 us-gaap Increase Decrease In Other Operating Liabilities
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CY2023 us-gaap Other Operating Activities Cash Flow Statement
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CY2022 us-gaap Other Operating Activities Cash Flow Statement
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CY2021 us-gaap Other Operating Activities Cash Flow Statement
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CY2023 us-gaap Net Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2023 us-gaap Interest Costs Capitalized
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CY2022 us-gaap Interest Costs Capitalized
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CY2021 us-gaap Interest Costs Capitalized
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210000000 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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13970000000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2023 us-gaap Payments To Acquire Intangible Assets
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CY2022 us-gaap Payments To Acquire Intangible Assets
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CY2021 us-gaap Payments To Acquire Intangible Assets
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CY2023 tmus Proceeds From Sales Of Tower Sites
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CY2022 tmus Proceeds From Sales Of Tower Sites
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CY2021 tmus Proceeds From Sales Of Tower Sites
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40000000 usd
CY2023 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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CY2022 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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CY2021 us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables
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CY2023 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2022 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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CY2023 us-gaap Payments For Proceeds From Other Investing Activities
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CY2022 us-gaap Payments For Proceeds From Other Investing Activities
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CY2021 us-gaap Payments For Proceeds From Other Investing Activities
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CY2023 us-gaap Net Cash Provided By Used In Investing Activities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2023 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2022 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2021 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2023 us-gaap Finance Lease Principal Payments
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CY2022 us-gaap Finance Lease Principal Payments
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CY2021 us-gaap Finance Lease Principal Payments
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CY2023 tmus Repayments Of Short Term Debt For Purchases Of Inventory Property And Equipment Net
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0 usd
CY2022 tmus Repayments Of Short Term Debt For Purchases Of Inventory Property And Equipment Net
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CY2021 tmus Repayments Of Short Term Debt For Purchases Of Inventory Property And Equipment Net
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CY2023 us-gaap Repayments Of Long Term Debt
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CY2022 us-gaap Repayments Of Long Term Debt
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CY2021 us-gaap Repayments Of Long Term Debt
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CY2023 us-gaap Payments For Repurchase Of Common Stock
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CY2022 us-gaap Payments For Repurchase Of Common Stock
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CY2021 us-gaap Payments For Repurchase Of Common Stock
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CY2023 us-gaap Payments Of Dividends Common Stock
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CY2022 us-gaap Payments Of Dividends Common Stock
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CY2021 us-gaap Payments Of Dividends Common Stock
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CY2023 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
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CY2023 us-gaap Payments Of Debt Extinguishment Costs
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CY2022 us-gaap Payments Of Debt Extinguishment Costs
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CY2021 us-gaap Payments Of Debt Extinguishment Costs
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CY2023 us-gaap Proceeds From Payments For Other Financing Activities
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CY2022 us-gaap Proceeds From Payments For Other Financing Activities
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CY2021 us-gaap Proceeds From Payments For Other Financing Activities
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CY2023 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2022 us-gaap Stock Repurchased During Period Value
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CY2022 us-gaap Stock Issued During Period Value Other
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CY2022Q4 us-gaap Stockholders Equity
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CY2023 us-gaap Net Income Loss
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CY2023 us-gaap Common Stock Dividends Per Share Declared
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CY2023 us-gaap Dividends Common Stock Cash
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CY2023 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2023 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023 us-gaap Stock Repurchased During Period Value
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CY2023 tmus Stockholders Equity Value Contingent Shares Settlement
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CY2023 us-gaap Stock Issued During Period Value Other
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CY2023Q4 us-gaap Stockholders Equity
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CY2023Q4 tmus Minimum Lease Payments Failed Sale Leaseback Transactions Thereafter
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CY2023Q4 tmus Number Of Customer Categories
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CY2023 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, including, but not limited to, the valuation of assets acquired and liabilities assumed through acquisitions and the potential impacts arising from macroeconomic trends. These estimates are inherently subject to judgment and actual results could differ from those estimates.
CY2023 tmus Device Upgrade Period
DeviceUpgradePeriod
P18M
CY2023 tmus Device Upgrade Period
DeviceUpgradePeriod
P18M
CY2023 us-gaap Number Of Reporting Units
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1 reporting_unit
CY2023 us-gaap Number Of Reporting Units
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1 reporting_unit
CY2023 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2022 us-gaap Asset Retirement Obligation Revision Of Estimate
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CY2023 tmus Asset Retirement Obligation Transfer Held For Sale
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CY2023 us-gaap Derivatives Reporting Of Derivative Activity
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<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Derivative Financial Instruments</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivative financial instruments are recognized as either assets or liabilities and are measured at fair value. We do not use derivatives for trading or speculative purposes.</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For derivative instruments designated as cash flow hedges associated with forecasted debt issuances, changes in fair value are reported as a component of Accumulated other comprehensive loss until reclassified into Interest expense, net in the same period the hedged transaction affects earnings. Unrealized gains on derivatives designated in qualifying cash flow hedge relationships are recorded at fair value as assets, and unrealized losses are recorded at fair value as liabilities.</span></div>
CY2023 tmus Term Of Contract
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CY2021 us-gaap Excise And Sales Taxes
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CY2023 tmus Device Upgrade Period
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P18M
CY2023Q4 us-gaap Capitalized Contract Cost Amortization Period
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P24M
CY2023 us-gaap Advertising Expense
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CY2022 us-gaap Advertising Expense
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CY2021 us-gaap Advertising Expense
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CY2022 tmus Asset Retirement Obligation Transfer Held For Sale
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CY2023Q4 us-gaap Asset Retirement Obligation
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CY2022Q4 us-gaap Asset Retirement Obligation
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CY2023 tmus Numberof Portfolio Segments
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2 segment
CY2023 tmus Numberof Customer Classes
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2 class
CY2023Q4 tmus Net Migration Change Percentage
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0.12
CY2023Q4 us-gaap Notes Receivable Gross
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CY2022Q4 us-gaap Notes Receivable Gross
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CY2023Q4 us-gaap Receivable With Imputed Interest Discount
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CY2022Q4 us-gaap Receivable With Imputed Interest Discount
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CY2023Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2023Q4 us-gaap Notes Receivable Net
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CY2023Q4 us-gaap Notes Receivable Net
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CY2023Q4 us-gaap Capitalized Costs Asset Retirement Costs
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CY2022Q4 us-gaap Capitalized Costs Asset Retirement Costs
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CY2023Q4 tmus Minimum Lease Payments Failed Sale Leaseback Transactions Within Two And Three Years
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769000000 usd
CY2023Q4 tmus Minimum Lease Payments Failed Sale Leaseback Transactions Within Four And Five Years
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810000000 usd
CY2023 tmus Financing Receivable Year One Write Offs Current Fiscal Year
FinancingReceivableYearOneWriteOffsCurrentFiscalYear
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CY2023 tmus Financing Receivable Year Two Write Offs Fiscal Year Before Current Fiscal Year
FinancingReceivableYearTwoWriteOffsFiscalYearBeforeCurrentFiscalYear
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CY2023 tmus Financing Receivable Year Three Write Offs Two Years Before Current Fiscal Year
FinancingReceivableYearThreeWriteOffsTwoYearsBeforeCurrentFiscalYear
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CY2023 tmus Receivable With Write Offs Net Amount
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518000000 usd
CY2022Q4 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
UnamortizedImputedDiscountandAllowanceforCreditLosses
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CY2021Q4 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
UnamortizedImputedDiscountandAllowanceforCreditLosses
776000000 usd
CY2020Q4 tmus Unamortized Imputed Discountand Allowancefor Credit Losses
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IncreaseInTowerObligationsFromContractModification
1158000000 usd
CY2021 tmus Increase In Tower Obligations From Contract Modification
IncreaseInTowerObligationsFromContractModification
0 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2141000000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
7462000000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3773000000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1224000000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1256000000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1261000000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5135000000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
4507000000 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
0 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Cash And Cash Equivalents
DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents
27000000 usd
CY2023Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
101000000 usd
CY2022Q4 us-gaap Restricted Cash Current
RestrictedCashCurrent
73000000 usd
CY2023Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
71000000 usd
CY2022Q4 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
67000000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5307000000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4674000000 usd
CY2023Q4 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q4 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q4 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2023 dei Auditor Firm
AuditorFirmId
34
CY2021 dei Auditor Firm
AuditorFirmId
238

Files In Submission

Name View Source Status
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tmus-20231231_lab.xml Edgar Link unprocessable
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tmus-20231231.htm Edgar Link pending
tmus-20231231.xsd Edgar Link pending
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