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Dec 31, 2019
T-Mobile Q4 2019 Earnings Report
Reported record financials and strong customer growth, beating increased guidance while balancing growth and profitability.
Key Takeaways
T-Mobile US, Inc. reported strong Q4 2019 results, including 1.9 million total net customer additions and 1.0 million branded postpaid phone net customer additions. The company also reported record service revenues of $8.7 billion and record Q4 Adjusted EBITDA of $3.2 billion. In December 2019, T-Mobile launched America’s first nationwide 5G network.
Total net additions of 1.9M.
Branded postpaid phone net additions of 1.0M.
Record service revenues of $8.7B.
Net income of $751M.
T-Mobile
T-Mobile
T-Mobile Revenue by Segment
Revenue by Segment
Postpaid Service Revenues Revenue
CapyFin.com Forward Guidance
T-Mobile provided its standalone guidance for 2020, expecting postpaid net customer additions between 2.6 and 3.6 million and Adjusted EBITDA in the range of $13.7 to $14.0 billion.
Positive Outlook
- Postpaid net customer additions between 2.6 and 3.6 million
- Adjusted EBITDA target of $13.7 to $14.0 billion, which includes leasing revenues of $450 to $550 million
- Network expansion, including the continued deployment of our 600 MHz spectrum and 5G network
- Net cash provided by operating activities, excluding payments for merger-related costs and any settlement of interest rate swaps, is expected to be in the range of $7.9 to $8.5 billion
- Free Cash Flow, excluding payments for merger-related costs and any settlement of interest rate swaps, is expected to be in the range of $5.4 to $5.8 billion
Challenges Ahead
- Net income is not available on a forward-looking basis
- Pre-close merger-related costs are expected to be $200 to $300 million before taxes in Q1 2020
- Payments for merger-related costs
- Settlement of interest rate swaps
- Cash purchases of property and equipment will be heavily weighted to early in the year