T-Mobile US, Inc. (TMUS) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | 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 | 3.78B |
| Operating CF Margin % | 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% | 18.94% |
| Operating CF Growth % | 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% | 386.36% |
| Net Income | 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 | 978M |
| Depreciation & Amortization | 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 | 4.08B |
| Stock-Based Compensation | 209M | 216M | 227M | 200M | 186M | 175M | 170M | 164M | 140M | 167M | 156M | 167M | 177M | 150M | 150M | 154M | 141M | 137M | 131M | 134M |
| Deferred Taxes | 682M | 359M | 797M | 937M | 771M | 841M | 817M | 747M | 715M | 615M | 671M | 703M | 611M | 419M | -36M | -76M | 185M | -213M | -27M | 226M |
| Other Non-Cash Items | -8.34B | 445M | 632M | 284M | 515M | 121M | 433M | 361M | 360M | 289M | 274M | 290M | 315M | 398M | 793M | 956M | 361M | 313M | 256M | 84M |
| Working Capital Changes | 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 | -1.72B |
| Change in Receivables | -162M | -968M | -322M | -273M | -93M | -1.53B | -806M | -1.13B | -139M | -1.21B | -881M | -1.27B | -1.27B | -1.38B | -1.22B | -1.57B | -984M | -1.03B | -454M | -1.84B |
| Change in Inventory | 86M | -24M | -537M | 264M | -318M | 188M | -448M | 221M | 170M | 15M | -309M | 362M | 129M | 360M | -7M | 484M | -93M | -703M | 41M | 584M |
| Change in Payables | 4.57B | 813M | 890M | 107M | -268M | 0 | 0 | 0 | 0 | 412M | 208M | -864M | -329M | 133M | 390M | -68M | -59M | 366M | 111M | 28M |
| Cash from Investing | -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 | -2.08B |
| Capital Expenditures | -2.62B | -2.47B | -10.14B | -2.4B | -2.45B | -2.21B | -1.96B | -2.04B | -2.63B | -2.37B | -2.54B | -2.82B | -3.07B | -3.4B | -3.99B | -3.69B | -6.22B | -2.96B | -3.35B | -3.28B |
| CapEx % of Revenue | 11.35% | 10.15% | 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% | 16.43% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | -320M | -31M | -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 | 1.2B |
| Cash from Financing | -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 | -577M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | -4.83B | -2.45B | -2.48B | -2.56B | -2.49B | -4.69B | -560M | -2.39B | -3.59B | -2.18B | -2.68B | -3.66B | -4.81B | -2.46B | -557M | -43M | -172M | -8M | -14M | -76M |
| Dividends Paid | -1.12B | -1.14B | -987M | -996M | -1B | -1.01B | -758M | -759M | -769M | -747M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -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 | -76M |
| Other Financing | -153M | -71M | -124M | -60M | -290M | -73M | -85M | -50M | -226M | -64M | -34M | -46M | -43M | -30M | -45M | -32M | -30M | -52M | -93M | -52M |
| Net Change in Cash | -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 | 1.12B |
| Free Cash Flow | 4.6B | 4.18B | -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 | 501M |
| FCF Margin % | 19.9% | 17.2% | -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% | 2.51% |
| FCF Growth % | 4.62% | 67.27% | -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% | 108.98% |
| FCF per Share | 4.17 | 3.75 | -2.38 | 4.05 | 3.84 | 2.13 | 1.50 | 2.84 | 2.01 | 2.06 | 2.34 | 1.28 | 0.80 | 0.75 | 0.32 | 0.42 | -1.90 | 0.03 | 0.10 | 0.40 |
| FCF Conversion (FCF/Net Income) | 2.88x | 3.16x | 2.75x | 2.17x | 2.32x | 1.86x | 2.01x | 1.89x | 2.14x | 2.41x | 2.47x | 1.96x | 2.09x | 2.94x | 8.64x | -38.97x | 5.39x | 7.11x | 5.03x | 3.86x |
| Interest Paid | 0 | 959M | 997M | 992M | 0 | 905M | 947M | 935M | 0 | 895M | 915M | 896M | 840M | 0 | 781M | 989M | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 24M | 65M | 347M | 0 | -157M | 50M | 107M | 0 | 23M | 4M | 95M | 27M | 0 | 12M | 63M | 0 | 0 | 0 | 0 |