T-Mobile US, Inc.
TMUSNASDAQ
$152.65
Last price · USD
- Market cap
- $172.7B
- P/E
- 15.7x
- EV / EBITDA
- 9.2x
- P/S
- 2.0x
- FCF yield
- 8.9%
- Div. yield
- 2.39%
Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.
T-Mobile US, Inc. cash flow statement
Annual · USD millions except per-share data · 34 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 10,992 | 11,339 | 8,317 | 2,590 | 3,024 | +38.1% | |
| Depreciation & amortization | 13,508 | 12,919 | 12,818 | 13,651 | 16,383 | -4.7% | |
| Deferred income tax | 2,864 | 3,120 | 2,600 | 492 | 197 | +95.3% | |
| Stock-based compensation | 829 | 649 | 667 | 595 | 540 | +11.3% | |
| Change in working capital | (1,949) | (7,009) | (7,058) | (3,055) | (7,114) | — | |
| Accounts receivables | (1,632) | (3,611) | (5,038) | (5,158) | (3,225) | — | |
| Inventory | (615) | 131 | 197 | 744 | 201 | — | |
| Accounts payables | 1,542 | (2,041) | (1,126) | 133 | 549 | +29.5% | |
| Other working capital | (1,244) | (1,488) | (1,091) | 1,226 | (4,639) | — | |
| Other non-cash items | 1,706 | 1,275 | 1,215 | 2,508 | 887 | +17.8% | |
| Net cash from operating activities | 27,950 | 22,293 | 18,559 | 16,781 | 13,917 | +19.0% | |
| Operating cash flow | 27,950 | 22,293 | 18,559 | 16,781 | 13,917 | +19.0% | |
| Investing activities | |||||||
| Investments in PP&E | (9,955) | (8,840) | (9,801) | (17,301) | (21,692) | — | |
| Capital expenditure | (12,523) | (12,311) | (10,811) | (17,301) | (21,692) | — | |
| Acquisitions, net | (3,523) | (373) | (7) | (52) | (1,916) | — | |
| Other investing activities | (4,129) | 141 | 3,979 | 4,994 | 4,222 | — | |
| Net cash from investing activities | (17,607) | (9,072) | (5,829) | (12,359) | (19,386) | — | |
| Financing activities | |||||||
| Net debt issuance | 4,559 | 2,147 | 2,168 | (3,081) | 2,332 | +18.2% | |
| Short-term net debt issuance | 0 | 0 | 0 | 0 | (184) | — | |
| Long-term net debt issuance | 4,559 | 2,147 | 2,168 | (3,081) | 2,516 | +16.0% | |
| Net stock issuance | (9,974) | (11,228) | (13,074) | (3,000) | (316) | — | |
| Common stock repurchased | (9,974) | (11,228) | (13,074) | (3,000) | (316) | — | |
| Net common stock issuance | (9,974) | (11,228) | (13,074) | (3,000) | (316) | — | |
| Common dividends paid | (4,121) | (3,300) | (747) | 0 | 0 | — | |
| Net dividends paid | (4,121) | (3,300) | (747) | 0 | 0 | — | |
| Other financing activities | (545) | (434) | (444) | (370) | (307) | — | |
| Net cash from financing activities | (10,081) | (12,815) | (12,097) | (6,451) | 1,709 | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 1 | 0 | 0 | 0 | 0 | — | |
| Net change in cash | 263 | 406 | 633 | (2,029) | (3,760) | — | |
| Cash at beginning of period | 5,713 | 5,307 | 4,674 | 6,703 | 10,463 | -14.0% | |
| Cash at end of period | 5,976 | 5,713 | 5,307 | 4,674 | 6,703 | -2.8% | |
| Free cash flow | 15,427 | 9,982 | 7,748 | (520) | (7,775) | — | |
| Income taxes paid | 451 | 5,162 | 149 | 76 | 167 | +28.2% | |
| Interest paid | 3,882 | 3,683 | 3,546 | 3,485 | 3,723 | +1.1% | |