8-KOther EventsExhibits & Filings

T-Mobile US, Inc. 8-K Report, Corporate Update (Jun 9, 2009)

Filed June 9, 2009For Securities:TMUSTMUSZTMUSITMUSL

Summary

MetroPCS Communications, Inc. (the "Company") filed this Form 8-K on June 9, 2009, primarily to update its previously filed Annual Report on Form 10-K for the fiscal year ended December 31, 2008. The updates are twofold: first, to reflect a change in the Company's reportable business segments and associated financial disclosures, and second, to provide enhanced disclosures regarding derivative instruments and hedging activities as required by SFAS No. 161. The segment reporting change, effective January 1, 2009, renames the "Expansion Markets" segment to "Northeast Markets" and reclassifies several operating segments previously under "Expansion Markets" into the "Core Markets" segment. This change impacts how the Company's business operations are presented and analyzed. Additionally, the Company has retroactively applied enhanced derivative disclosures in Note 6 of its financial statements to comply with new accounting standards, providing greater transparency on its financial risk management activities.

Key Highlights

  • 1MetroPCS Communications, Inc. is updating its prior 2008 10-K filing with revised segment reporting and new derivative disclosures.
  • 2The "Expansion Markets" segment has been renamed "Northeast Markets."
  • 3Several operating segments have been moved from "Expansion Markets" to "Core Markets."
  • 4These segment changes are effective as of January 1, 2009, and impact how results are reviewed by management and presented to investors.
  • 5The filing also provides retrospective enhanced disclosures on derivative instruments and hedging activities as per SFAS No. 161.
  • 6The Company explicitly states that no other information in the Form 10-K has been updated for events occurring after its original filing date, directing investors to subsequent 10-Q and 8-K filings for more recent developments.

Frequently Asked Questions

The primary purpose of this 8-K filing is to update the Company's previously filed 2008 Form 10-K to reflect changes in its reportable business segments and to provide enhanced disclosures on derivative instruments and hedging activities, as required by accounting standards.

The "Expansion Markets" reportable segment has been renamed "Northeast Markets." Additionally, several operating segments that were previously grouped under "Expansion Markets" are now included in the "Core Markets" segment. This change impacts how the Company internally reviews and externally reports its financial performance by geographic region.

The filing includes retrospective application of SFAS No. 161, which mandates enhanced disclosures regarding derivative instruments and hedging activities. This provides investors with greater transparency into the nature and extent of the Company's use of derivatives and its associated risks and accounting treatments.

No, this filing specifically states that it does not update any other information in the Form 10-K for events or developments that occurred subsequent to its filing date. For information on periods after December 31, 2008, investors should refer to the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2009, and any subsequent Current Reports on Form 8-K.