T-Mobile US, Inc.

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Operating Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Net Income	11,870	11,339	8,317	2,590	3,024	3,064	3,468	2,888	4,536	1,460	733
Net Income
Depreciation & Amortization	12,901	12,919	12,818	13,651	16,383	14,151	6,616	6,486	5,984	6,243	4,688
Depreciation and Amortization
Stock Based Compensation	788	649	667	595	540	694	495	424	306	235	201
Stock-Based Compensation Expense
Other Adjustments	4,697	4,395	3,815	3,000	1,084	2,616	1,804	1,634	-679	951	1,144
Provision for Uncollectible Accounts Receivable
Non-Cash Interest Expense
Excess Tax Benefit from Stock-Based Compensation
Deferred Income Tax Expense
Amortization of Debt Discount and Premium, Net
Bad Debt Expense
Gains from Sales of Receivables
Deferred Rent Expense
Cost of Abandoned Cell Sites
Gains and Other, Net
Losses on Redemption of Debt
Gain on Sale of Investments
Impairment Loss on Investment Securities
Accretion of Asset Retirement Obligations
Accretion of Put Option in Majority-Owned Subsidiary
Other Non-Cash Expense
Deferred Income Taxes
Gain on Disposal of Assets
Change in Fair Value of Embedded Derivatives
Impairment Expense
Loss on Remeasurement of Disposal Group Held for Sale
Other, Net
Changes in Trade Receivables	-1,449	-3,088	-5,038	-5,158	-3,225	-3,273	-3,709	-4,617	-3,931	-3,459	-259
Accounts Receivable
Changes in Inventories	-403	131	197	744	201	-2,222	-617	-201	-844	-802	-2,495
Inventory
Changes in Accounts Payable	549	-2,041	-1,126	558	549	-2,123	17	-867	1,079	-1,201	693
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Liabilities
Changes in Unearned Revenue	—	—	—	—	—	—	—	—	—	—	—
Deferred Revenue
Changes in Other Operating Activities	-2,386	-2,011	-1,091	801	-4,639	-4,267	-1,250	-1,848	-2,620	-648	709
Prepaid Expenses
Deferred Charges
Other Assets
Other Liabilities
Equipment Installment Plan Receivables
Deferred Purchase Price from Sales of Receivables
Operating Lease Right-of-Use Assets
Other Current and Long-Term Assets
Short- And Long-Term Operating Lease Liabilities
Other Current and Long-Term Liabilities
Cash from Operating Activities	26,845	22,293	18,559	16,781	13,917	8,640	6,824	3,899	3,831	2,779	5,414
Net Cash Provided by Operating Activities

Investing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Capital Expenditure	-9,698	-8,840	-9,801	-13,970	-12,326	-11,034	-6,391	-5,541	-5,237	-4,702	-4,724
Purchases of Property and Equipment, Including Capitalized Interest
Proceeds from Sale of Property, Plant & Equipment	—	—	12	9	40	—	38	—	—	—	—
Proceeds from the Sale of Property, Equipment and Intangible Assets
Purchases of Intangible Assets	-3,340	-3,471	-1,010	-3,331	-9,366	-1,333	-967	-127	-5,828	-3,968	-1,935
Purchases of Spectrum Licenses and Other Intangible Assets, Including Deposits
Proceeds from Sale of Intangible Assets	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Sale of FCC Licenses
Purchases of Investments	—	—	—	—	—	—	—	—	—	—	-2,997
Purchases of Short-Term Investments
Purchase of Investments
Proceeds from Sale of Investments	—	—	—	—	—	—	—	—	—	2,998	—
Proceeds from Sale of Investments
Sales of Short-Term Investments
Payments for Business Acquisitions	-3,506	-373	—	-52	-1,916	-5,000	-31	-338	1	—	—
Acquisition of Companies, Net of Cash Acquired
Proceeds from Business Divestments	—	—	—	—	—	1,224	—	—	—	—	—
Proceeds from the Divestiture of Prepaid Business
Other Investing Activities	1,071	3,612	4,970	4,985	4,182	3,428	3,226	5,427	4,319	3,348	96
Change in Prepaid Purchases of Property and Equipment
Short Term Affiliate Loan Receivable, Net
Change in Restricted Cash and Investments
Acquisitions of FCC Licenses and Microwave Clearing Costs
Proceeds Related to Beneficial Interests in Securitization Transactions
Net Cash Related to Derivative Contracts Under Collateral Exchange Arrangements
Microwave Relocation Costs
Purchase of Redeemable Minority Interest
Payments to Acquire Financial Assets, Net
Investments in Unconsolidated Affiliates, Net
Other, Net
Cash from Investing Activities	-17,407	-9,072	-5,829	-12,359	-19,386	-12,715	-4,125	-579	-6,745	-2,324	-9,560
Net Cash Provided by Investing Activities

Financing Activities	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Issuance of Short-Term Debt	—	—	—	—	—	18,743	2,340	6,265	2,910	—	—
Proceeds from Borrowing on Revolving Credit Facility
Proceeds from Issuance of Short-Term Debt
Repayments of Short-Term Debt	—	—	—	—	-184	-19,410	-3,115	-6,565	-3,210	-150	-564
Repayments of Revolving Credit Facility
Repayments of Short-Term Debt for Purchases of Inventory, Property and Equipment and Other Financial Liabilities
Repayments of Short-Term Debt
Net Issuance / (Repayments) of Short-Term Debt	—	—	—	—	-184	-667	-775	-300	-300	-150	-564
Issuance of Long-Term Debt	8,764	8,587	8,446	3,714	14,727	35,337	—	2,494	10,480	997	4,119
Proceeds from Bridge Credit Agreements
Proceeds from Issuance of Long-Term Debt, Net
Proceeds from 9 1/4% Senior Notes Due 2014
Proceeds from Credit Agreements
Proceeds from Tower Obligations
Repayments of Long-Term Debt	-7,774	-6,440	-6,278	-6,795	-12,211	-21,437	-1,398	-4,049	-10,716	-225	-57
Repayment of Debt
Repayments of Long-Term Debt and Capital Lease Obligations
Repayments of Financing Lease Obligations
Repayments of Long-Term Debt
Net Issuance / (Repayments) of Long-Term Debt	990	2,147	2,168	-3,081	2,516	13,900	-1,398	-1,555	-236	772	4,062
Issuance of Common Shares	—	—	—	—	—	19,840	—	—	—	—	47
Proceeds from Initial Public Offering
Proceeds from Exercise of Stock Options
Issuance of Common Stock
Repurchases of Common Shares	-12,634	-11,497	-13,371	-3,243	-316	-19,975	-156	-1,217	-593	-121	-156
Repurchases of Common Stock
Tax Withholdings on Share-Based Awards
Net Issuance / (Repurchases) of Common Shares	-12,634	-11,497	-13,371	-3,243	-316	-135	-156	-1,217	-593	-121	-109
Issuance of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Proceeds from Issuance of Preferred Stock
Net Issuance / (Repurchases) of Preferred Shares	—	—	—	—	—	—	—	—	—	—	—
Common Share Dividends Paid	-4,000	-3,300	-747	—	—	—	—	—	—	—	—
Dividends on Common Stock
Preferred Share Dividends Paid	—	—	—	—	—	—	—	—	-55	-55	-55
Dividends on Preferred Stock
Other Financing Activities	-128	-165	-147	-127	-307	-88	-45	-264	-183	17	79
Change in Book Overdraft
Payment Upon Execution of Cash Flow Hedging Derivative
Cost of Raising Capital
Debt Issuance and Modification Costs
Payments of Consent Fees Related to Long-Term Debt
Proceeds from Minority Interest in Majority-Owned Subsidiary
Proceeds from Termination of Cash Flow Hedging Derivative
Proceeds from Repayment of Subscriptions Receivable
Repayments Related to a Variable Interest Entity
Distribution to Affiliate
Repayments of Financing Costs
Cash Payments for Debt Prepayment or Debt Extinguishment Costs
Other, Net
Cash from Financing Activities	-15,772	-12,815	-12,097	-6,451	1,709	13,010	-2,374	-3,336	-1,367	463	3,413
Net Cash Provided by Financing Activities

Free Cash Flow	LTM	Dec '24	Dec '23	Dec '22	Dec '21	Dec '20	Dec '19	Dec '18	Dec '17	Dec '16	Dec '15
Free Cash Flow	17,147	13,453	8,758	2,811	1,591	-2,394	433	-1,642	-1,406	-1,923	690
NOPAT	14,663.3	13,880.9	10,787.4	5,386.6	6,219.5	5,158.4	4,311.1	3,914.3	7,014.2	2,541	1,858
Levered Free Cash Flow	13,823	13,644	11,482	1,293	5,524	10,802	-330	-938	2,307	917	3,047
Unlevered Free Cash Flow	15,626.3	14,038.9	11,784.4	7,170.6	6,387.5	-336.6	2,686.1	1,943.3	5,376.2	1,431	729
Net Change in Cash	-6,334	406	633	-2,029	-3,760	8,935	325	-16	-4,281	918	-733