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Dec 31, 2020
T-Mobile Q4 2020 Earnings Report
T-Mobile reported strong Q4 2020 results, marked by industry-leading customer growth and profitability.
Key Takeaways
T-Mobile's Q4 2020 results showcased industry-leading total net additions, postpaid net additions, and postpaid phone net additions. The company reported total revenues of $20.3 billion and a net income of $750 million.
Total net additions of 1.7 million, leading the industry.
Postpaid net additions of 1.6 million, also best in the industry.
Total revenues reached $20.3 billion.
Net income amounted to $750 million.
T-Mobile
T-Mobile
T-Mobile Revenue by Segment
Revenue by Segment
Postpaid Service Revenues Revenue
CapyFin.com Forward Guidance
T-Mobile expects growth in postpaid customers, Core Adjusted EBITDA, net cash provided by operating activities, and Free Cash Flow in 2021.
Positive Outlook
- Postpaid net customer additions are expected to be between 4.0 million and 4.7 million.
- Core Adjusted EBITDA is expected to be in the range of $22.6 billion to $23.1 billion.
- Adjusted EBITDA of $26.5 billion to $27.0 billion
- Net cash provided by operating activities is expected to be in the range of $13.0 billion to $13.5 billion.
- Free Cash Flow is expected to be in the range of $4.9 billion to $5.4 billion.
Challenges Ahead
- Merger-related costs are expected to be $2.5 billion to $3.0 billion before taxes.
- These costs are excluded from Core Adjusted EBITDA and Adjusted EBITDA but will impact Net income and cash flows.
- Capital expenditures are expected to be between $11.7 billion and $12.0 billion.
- Guidance does not assume any material net cash inflows from securitization.
- We are not able to forecast Net income on a forward-looking basis without unreasonable efforts.