T-Mobile US, Inc. (TMUS) quarterly cash flow statement — complete operating, investing & financing history
T-Mobile US, Inc. (TMUS) cash flow statement — 26-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 7.5B | 7.22B | 6.65B | 7.46B | 6.99B | 6.85B | 5.55B | 6.14B | 5.52B | 5.08B | 4.86B | 5.29B | 4.36B | 4.05B | 4.34B | 4.39B | 4.21B | 3.85B | 3B | 3.48B |
| Operating CF Growth % | 7.27% | 5.48% | 19.91% | 21.47% | 26.64% | 34.68% | 14.2% | 15.96% | 26.77% | 25.5% | 12.06% | 20.56% | 3.47% | 5.36% | 44.53% | 26.29% | 11.38% | 5.03% | -13.64% | 25.43% |
| Operating CF / Revenue % | 32.91% | 31.25% | 27.34% | 33.96% | 33.09% | 32.78% | 25.37% | 30.45% | 27.92% | 25.95% | 23.73% | 27.5% | 22.69% | 20.63% | 21.39% | 22.54% | 21.36% | 19.11% | 14.43% | 17.72% |
| Net Income | 3.24B | 2.5B | 2.1B | 2.71B | 3.22B | 2.95B | 2.98B | 3.06B | 2.92B | 2.37B | 2.01B | 2.14B | 2.22B | 1.94B | 1.48B | 508M | -108M | 713M | 422M | 691M |
| Depreciation & Amortization | 3.43B | 3.82B | 3.76B | 3.41B | 3.15B | 3.2B | 3.15B | 3.15B | 3.25B | 3.37B | 3.32B | 3.19B | 3.11B | 3.2B | 3.26B | 3.31B | 3.49B | 3.58B | 3.87B | 4.14B |
| Deferred Taxes | 893M | 682M | 359M | 797M | 937M | 771M | 841M | 817M | 747M | 715M | 615M | 671M | 703M | 611M | 419M | -36M | -76M | 185M | -213M | -27M |
| Other Non-Cash Items | 341M | -8.34B | 445M | 632M | 284M | 515M | 121M | 433M | 361M | 360M | 289M | 274M | 290M | 315M | 398M | 793M | 956M | 361M | 313M | 256M |
| Working Capital Changes | -621M | 8.35B | -225M | -321M | -797M | -776M | -1.72B | -1.49B | -1.92B | -1.88B | -1.54B | -1.14B | -2.14B | -2.19B | -1.37B | -337M | -208M | -1.14B | -1.53B | -1.72B |
| Capital Expenditures | -3.19B | -2.62B | -5.04B | -10.14B | -2.4B | -2.45B | -3.05B | -4.38B | -2.2B | -2.69B | -2.37B | -2.54B | -2.82B | -3.07B | -3.4B | -3.99B | -3.69B | -6.22B | -2.96B | -3.35B |
| CapEx / Revenue % | 11.86% | 11.35% | 20.7% | 46.18% | 11.34% | 11.74% | 10.11% | 9.73% | 10.32% | 13.41% | 11.58% | 13.21% | 14.7% | 15.66% | 16.75% | 20.51% | 18.72% | 30.93% | 14.23% | 17.08% |
| CapEx / D&A | 0.79x | 0.69x | 1.34x | 2.98x | 0.76x | 0.77x | 0.70x | 0.62x | 0.63x | 0.78x | 0.71x | 0.80x | 0.91x | 0.96x | 1.04x | 1.21x | 1.06x | 1.74x | 0.76x | 0.81x |
| CapEx Coverage (OCF/CapEx) | 2.77x | 2.75x | 1.32x | 0.74x | 2.92x | 2.79x | 2.51x | 3.13x | 2.71x | 1.94x | 2.05x | 2.08x | 1.54x | 1.32x | 1.28x | 1.10x | 1.14x | 0.62x | 1.01x | 1.04x |
| Cash from Investing | -3.05B | -2.85B | -2.5B | -10.14B | -1.56B | -3.41B | -2.3B | -3.31B | -1.68B | -1.79B | -1.22B | -1.39B | -1.49B | -1.73B | -2.15B | -2.56B | -2.56B | -5.09B | -1.91B | -4.15B |
| Acquisitions | -3M | -1M | 77M | -2.8B | 1M | -727M | 17M | 0 | -390M | 0 | 2M | 2M | 2M | 6M | 52M | 0 | -1M | -52M | 1.92B | -1.89B |
| Purchase of Investments | 0 | 0 | -4.06B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 95M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing | -346M | -320M | 6.52B | -4.7B | 836M | -231M | -105M | -1.35B | 752M | 840M | 1.15B | 1.15B | 1.33B | 1.34B | 1.19B | 1.44B | 1.13B | 1.18B | -870M | 1.08B |
| Cash from Financing | -5.18B | -6.14B | -1.83B | -4.24B | -7.21B | 3.19B | -7.52B | 507M | -4.13B | -1.67B | -3.53B | -5.51B | -784M | -2.27B | -4.5B | 1.93B | -1.74B | -2.14B | 1.47B | -3.06B |
| Dividends Paid | -1.1B | -1.12B | -1.14B | -987M | -996M | -1B | -1.01B | -758M | -759M | -769M | -747M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Payout Ratio % | 33.99% | 44.73% | 53.97% | 36.37% | 30.91% | 33.97% | 34.02% | 24.78% | 25.95% | 32.39% | 37.09% | - | - | - | - | - | - | - | - | - |
| Debt Issuance (Net) | -1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K | 1000K | -1000K |
| Stock Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -2.32B | -4.83B | -2.45B | -2.48B | -2.56B | -2.49B | -4.69B | -560M | -2.39B | -3.59B | -2.18B | -2.68B | -3.59B | -4.62B | -2.44B | -557M | -43M | -172M | -8M | -14M |
| Other Financing | -60M | -153M | -71M | -124M | -60M | -290M | -73M | -85M | -50M | -226M | -64M | -34M | -46M | -43M | -30M | -45M | -32M | -30M | -52M | -93M |
| Net Change in Cash | -734M | -1.76B | 2.31B | -6.92B | -1.76B | 6.63B | -4.27B | 3.34B | -291M | 1.63B | 108M | -1.61B | 2.08B | 50M | -2.31B | 3.76B | -94M | -3.38B | 2.56B | -3.73B |
| Exchange Rate Effect | 0 | 0 | -12M | 0 | 7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 3.91B | 5.98B | 3.67B | 10.5B | 12.27B | 5.71B | 9.99B | 6.65B | 6.94B | 5.31B | 5.2B | 6.81B | 4.72B | 4.67B | 6.99B | 3.23B | 3.32B | 6.7B | 4.14B | 7.88B |
| Cash at End | 3.17B | 4.21B | 5.98B | 3.58B | 10.5B | 12.34B | 5.71B | 9.99B | 6.65B | 6.94B | 5.31B | 5.2B | 6.81B | 4.72B | 4.67B | 6.99B | 3.23B | 3.32B | 6.7B | 4.14B |
| Free Cash Flow | 4.31B | 4.6B | 1.62B | -2.68B | 4.6B | 4.4B | 2.5B | 1.76B | 3.33B | 2.4B | 2.49B | 2.75B | 1.53B | 977M | 941M | 397M | 521M | -2.38B | 42M | 126M |
| FCF Growth % | -6.16% | 4.62% | -35.37% | -252.47% | 38.23% | 83.47% | 0.6% | -36.06% | 116.89% | 145.24% | 164.29% | 592.95% | 194.24% | 141.07% | 2140.48% | 215.08% | 3.99% | 71.83% | 105.01% | 128.31% |
| FCF Margin % | 18.92% | 19.9% | 6.65% | -12.21% | 21.75% | 21.05% | 11.44% | 8.72% | 16.82% | 12.23% | 12.14% | 14.29% | 7.99% | 4.98% | 4.64% | 2.04% | 2.64% | -11.82% | 0.2% | 0.64% |
| FCF / Net Income % | 133.16% | 183.67% | 76.89% | -98.82% | 142.64% | 148.87% | 83.93% | 57.5% | 113.68% | 100.93% | 123.49% | 128.43% | 69.02% | 50.36% | 63.71% | 78.15% | -482.41% | -333.66% | 9.95% | 18.23% |