Summary
T-Mobile US, Inc.'s (TMUS) 2021 10-K filing highlights a year of significant growth and integration following the merger with Sprint. The company reported substantial increases in total revenues, driven by strong postpaid and wholesale segment growth, alongside a notable expansion in equipment revenues. T-Mobile continued to invest heavily in its 5G network build-out, acquiring new spectrum licenses and upgrading infrastructure, positioning itself as a leader in 5G deployment. Financially, T-Mobile demonstrated robust operational performance with increased Adjusted EBITDA and Free Cash Flow, underscoring its ability to manage its substantial debt load. Despite facing challenges such as the lingering effects of the COVID-19 pandemic and a significant cyberattack, the company maintained its strategic focus on customer acquisition and network expansion. The report also emphasizes the company's ongoing integration efforts, commitment to human capital development, and its proactive approach to environmental sustainability and corporate governance.
Financial Highlights
54 data points| Revenue | $80.12B |
| SG&A Expenses | $20.24B |
| Operating Expenses | $73.23B |
| Operating Income | $6.89B |
| Interest Expense | $3.19B |
| Net Income | $3.02B |
| EPS (Basic) | $2.42 |
| EPS (Diluted) | $2.41 |
| Shares Outstanding (Basic) | 1.25B |
| Shares Outstanding (Diluted) | 1.25B |
Key Highlights
- 1Total revenues increased by 17% year-over-year to $80.1 billion, driven by strong performance across postpaid, wholesale, and equipment segments.
- 2The company experienced robust customer growth, with total customers reaching 108.7 million, a 7% increase driven by strong postpaid net additions.
- 3T-Mobile continued to lead in 5G network deployment, expanding its Ultra Capacity 5G coverage to 210 million people and its Extended Range 5G to 94% of Americans.
- 4Adjusted EBITDA saw a 10% increase to $26.9 billion, and Free Cash Flow, excluding certain items, grew by 88% to $5.6 billion, demonstrating strong operational and financial execution.
- 5The company made significant investments in spectrum licenses, acquiring C-band spectrum for $9.3 billion in Auction 107 and mid-band spectrum for $2.9 billion in Auction 110.
- 6T-Mobile reported undertaking significant merger-related costs, totaling $3.1 billion in 2021, primarily for integration and restructuring activities, with further integration expected to continue.
- 7The company disclosed a criminal cyberattack that compromised data of millions of customers, leading to increased cybersecurity investments and ongoing investigations and litigation.