T-Mobile US, Inc. (TMUS) balance sheet
NASDAQ · Communication Services · Telecommunications Services · 75,000 employees · CEO Srinivasan Gopalan
- Price
- $156.44 +6.21%
- Market cap
- $166B
- Enterprise value
- $278B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-10 EPS est. $2.64
At the end of Q3 '26 T-Mobile US, Inc. (TMUS) held $5.62B in cash and short-term investments against $118B of debt incl. leases. Total assets $213B, total liabilities $157B, shareholders' equity $56.3B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $5.14B | $6.71B | $6.42B | $9.75B | $5.41B | $12B | $10.3B | $3.31B | $5.6B | $3.52B | $2.83B | $5.62B | |
| Receivables | $9.15B | $8.31B | $8.34B | $7.88B | $8.66B | $8.69B | $8.82B | $9.68B | $9.87B | $9.79B | $9.96B | $9.54B | |
| Inventory | $1.68B | $1.52B | $1.32B | $1.79B | $1.61B | $1.94B | $1.69B | $2.37B | $2.41B | $2.33B | $2.19B | $3.09B | |
| Other current assets | $2.35B | $2.04B | $2.16B | $2.15B | $1.85B | $3.84B | $4.87B | $5.21B | $5.37B | $5.4B | $5.76B | $2.69B | |
| Current assets | $19B | $19.3B | $19.3B | $22.5B | $18.4B | $27.4B | $26.8B | $21.7B | $24.5B | $22.1B | $21.8B | $21.8B | |
| Property, plant & equipment (net) | $70.8B | $69.2B | $67.7B | $66.8B | $67B | $65.9B | $65.3B | $67.7B | $66.8B | $65B | $64.2B | $63.2B | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $2.06B | $2.4B | $2.77B | $0 | $2.46B | $2.54B | |
| Goodwill | $12.2B | $12.2B | $13B | $13B | $13B | $13.5B | $13.5B | $13.7B | $13.7B | $13.7B | $13.7B | $13.7B | |
| Intangible assets | $99.3B | $99.6B | $102B | $101B | $103B | $101B | $98.4B | $102B | $3.84B | $3.57B | $101B | $103B | |
| Other non-current assets | $6.27B | $5.91B | $6.87B | $6.91B | $6.53B | $6.48B | $6.67B | $9.78B | $108B | $110B | $9.97B | $8.78B | |
| Non-current assets | $189B | $187B | $189B | $188B | $190B | $187B | $186B | $195B | $195B | $193B | $192B | $191B | |
| Total assets | $208B | $206B | $209B | $211B | $208B | $215B | $213B | $217B | $219B | $215B | $214B | $213B | |
| Liabilities | |||||||||||||
| Accounts payable | $5.57B | $3.35B | $3.29B | $3.05B | $3.78B | $4.02B | $4.14B | $4.71B | $4.4B | $9.52B | $8.77B | $3.91B | |
| Accrued expenses | $3.1B | $2.68B | $2.66B | $2.77B | $2.7B | $2.24B | $2.26B | $2.95B | $3.46B | $0 | $0 | $0 | |
| Short-term debt | $3.62B | $5.36B | $5.87B | $5.85B | $4.53B | $8.21B | $6.41B | $6.33B | $5.14B | $2.24B | $6.12B | $6.34B | |
| Taxes payable | $1.7B | $1.69B | $1.64B | $1.68B | $1.52B | $1.64B | $1.4B | $0 | $0 | $0 | $0 | $0 | |
| Deferred revenue | $825M | $846M | $1.1B | $1.13B | $1.22B | $1.19B | $1.22B | $1.49B | $1.53B | $1.47B | $1.44B | $1.41B | |
| Other current liabilities | $1.3B | $1.93B | $4.03B | $1.9B | $1.97B | $1.88B | $2.18B | $2.58B | $2.58B | $2.32B | $2.43B | $7.53B | |
| Current liabilities | $20.9B | $20.6B | $23B | $21B | $20.2B | $23.6B | $22.1B | $24.3B | $24.5B | $20.3B | $23.6B | $24B | |
| Long-term debt | $71.4B | $72.9B | $71.7B | $74B | $74.2B | $77.5B | $76.5B | $77.9B | $81.1B | $83.8B | $78.5B | $80.7B | |
| Lease obligations (non-current) | $33.3B | $32.7B | $32.1B | $31.7B | $31.2B | $30.7B | $30.4B | $31.5B | $31B | $26.9B | $26.6B | $26.2B | |
| Deferred revenue (non-current) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8M | $0 | $0 | |
| Deferred tax liabilities | $13.5B | $14.2B | $15B | $15.8B | $16.7B | $17.5B | $18.5B | $19.2B | $19.6B | $20.3B | $21.2B | $21.7B | |
| Other non-current liabilities | $3.93B | $3.85B | $4.03B | $3.97B | $4B | $4.14B | $4.01B | $3.78B | $3.79B | $7.5B | $3.99B | $4.2B | |
| Non-current liabilities | $122B | $124B | $123B | $126B | $126B | $130B | $129B | $132B | $136B | $138B | $130B | $133B | |
| Total liabilities | $143B | $144B | $146B | $146B | $146B | $154B | $152B | $157B | $160B | $159B | $157B | $157B | |
| Equity | |||||||||||||
| Retained earnings | $7.35B | $8.2B | $10.4B | $12.4B | $14.4B | $16.3B | $18.6B | $20.2B | $21.1B | $22.5B | $24.7B | $26.9B | |
| Accumulated other comprehensive income | -$964M | -$926M | -$917M | -$889M | -$857M | -$989M | -$908M | -$881M | -$848M | -$835M | -$635M | -$595M | |
| Shareholders' equity | $64.7B | $62.1B | $62.6B | $64.3B | $61.7B | $61.1B | $61.1B | $60.5B | $59.2B | $55.9B | $56.3B | $56.3B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $113B | $116B | $114B | $116B | $114B | $121B | $118B | $120B | $122B | $118B | $116B | $118B | |
| Net debt (debt - cash) | $108B | $109B | $108B | $106B | $109B | $109B | $108B | $117B | $117B | $114B | $113B | $112B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $5.5B | $1.22B | $1.2B | $1.53B | $10.4B | $6.63B | $4.51B | $5.14B | $5.41B | $5.6B | |
| Receivables | $3.87B | $4.23B | $4.32B | $4.51B | $7.85B | $8.94B | $9.57B | $9.15B | $8.66B | $9.87B | |
| Inventory | $1.11B | $1.57B | $1.08B | $964M | $2.53B | $2.57B | $1.88B | $1.68B | $1.61B | $2.41B | |
| Other current assets | $1.54B | $1.9B | $1.68B | $1.97B | $2.5B | $2.01B | $2.44B | $2.35B | $1.85B | $5.37B | |
| Current assets | $14.2B | $8.92B | $8.28B | $9.31B | $23.9B | $20.9B | $19.1B | $19B | $18.4B | $24.5B | |
| Property, plant & equipment (net) | $20.9B | $22.2B | $23.4B | $35.6B | $72.2B | $70.1B | $74.1B | $70.8B | $67B | $66.8B | |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $2.28B | $2.77B | |
| Goodwill | $1.68B | $1.68B | $1.9B | $1.93B | $11.1B | $12.2B | $12.2B | $12.2B | $13B | $13.7B | |
| Intangible assets | $27.4B | $35.6B | $35.8B | $36.6B | $88.1B | $97.3B | $99.3B | $99.3B | $103B | $3.84B | |
| Other non-current assets | $1.66B | $2.19B | $3.17B | $3.47B | $4.81B | $6.06B | $6.67B | $6.27B | $4.25B | $108B | |
| Non-current assets | $51.7B | $61.6B | $64.2B | $77.6B | $176B | $186B | $192B | $189B | $190B | $195B | |
| Total assets | $65.9B | $70.6B | $72.5B | $86.9B | $200B | $207B | $211B | $208B | $208B | $219B | |
| Liabilities | |||||||||||
| Accounts payable | $5.16B | $6.18B | $5.49B | $4.32B | $5.56B | $6.5B | $7.21B | $4.83B | $3.78B | $4.4B | |
| Accrued expenses | $1.37B | $1.44B | $1.48B | $1.56B | $2.69B | $2.65B | $3.41B | $3.1B | $2.7B | $3.46B | |
| Short-term debt | $20M | $999M | $0 | $25M | $4.58B | $5.62B | $5.16B | $4.36B | $4.53B | $5.14B | |
| Taxes payable | $525M | $620M | $642M | $682M | $1.54B | $1.83B | $1.66B | $1.7B | $1.52B | $0 | |
| Deferred revenue | $986M | $779M | $698M | $631M | $1.03B | $856M | $780M | $825M | $1.22B | $1.53B | |
| Other current liabilities | $405M | $414M | $787M | $1.67B | $810M | $1.07B | $1.85B | $1.3B | $1.97B | $2.58B | |
| Current liabilities | $9.02B | $11.5B | $10.3B | $12.5B | $21.7B | $23.5B | $24.7B | $20.9B | $20.2B | $24.5B | |
| Long-term debt | $21.8B | $26.7B | $12.1B | $24.9B | $66.5B | $68.6B | $66.8B | $71.4B | $74.2B | $81.1B | |
| Lease obligations (non-current) | $2.62B | $2.59B | $2.56B | $14.1B | $31.2B | $30.1B | $35.2B | $33.3B | $31.2B | $31B | |
| Deferred tax liabilities | $4.94B | $3.54B | $4.47B | $5.61B | $9.97B | $10.2B | $10.9B | $13.5B | $16.7B | $19.6B | |
| Other non-current liabilities | $9.24B | $3.66B | $18.3B | $954M | $5.41B | $5.1B | $4.1B | $3.93B | $4B | $3.79B | |
| Non-current liabilities | $38.6B | $36.5B | $37.5B | $45.6B | $113B | $114B | $117B | $122B | $126B | $136B | |
| Total liabilities | $47.7B | $48B | $47.8B | $58.1B | $135B | $137B | $142B | $143B | $146B | $160B | |
| Equity | |||||||||||
| Retained earnings | -$20.6B | -$16.1B | -$13B | -$8.83B | -$5.84B | -$2.81B | -$223M | $7.35B | $14.4B | $21.1B | |
| Accumulated other comprehensive income | $1M | $8M | -$332M | -$868M | -$1.58B | -$1.37B | -$1.05B | -$964M | -$857M | -$848M | |
| Shareholders' equity | $18.2B | $22.6B | $24.7B | $28.8B | $65.3B | $69.1B | $69.7B | $64.7B | $61.7B | $59.2B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $24.8B | $30.9B | $15.5B | $42.3B | $107B | $109B | $112B | $114B | $114B | $122B | |
| Net debt (debt - cash) | $19.3B | $29.7B | $14.3B | $40.8B | $96.9B | $102B | $107B | $109B | $109B | $117B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01