Press release
T-Mobile Reports Record Financials and Strong Customer Growth in FY 2019, Beating Increased Guidance while Balancing Growth and Profitability
In Q4 2019 Total Net Additions of 1.9M, Branded Postpaid Phone Net Additions of 1.0M, Record Service Revenues of $8.7B, Strong Q4 Net Income of $751M and
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nIn Q4 2019 Total Net Additions of 1.9M, Branded Postpaid Phone Net Additions of 1.0M, Record Service Revenues of $8.7B, Strong Q4 Net Income of $751M and Record Q4 Adj. EBITDA of $3.2B\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\n\nRecord Financial Performance (all percentages year-over-year)\n\n\n\nRecord Service revenues of $8.7 billion, up 6% in Q4 2019 - up 6% to $34.0 billion in 2019\n\n\nRecord Total revenues of $11.9 billion, up 4% in Q4 2019 - up 4% to $45.0 billion in 2019\n\n\nStrong Net income of $751 million, up 17% in Q4 2019 - up 20% to $3.5 billion in 2019\n\n\nDiluted earnings per share (“EPS”) of $0.87, up 16% in Q4 2019 - up 20% to $4.02 in 2019\n\n\nRecord Q4 Adjusted EBITDA(1) of $3.2 billion, up 9% in Q4 2019 - up 8% to $13.4 billion in 2019\n\n\nStrong Net cash provided by operating activities of $1.5 billion, up 61% in Q4 2019 - up 75% to $6.8 billion in 2019\n\n\nRecord Free Cash Flow(1) of $1.4 billion, up 15% in Q4 2019 - up 22% to $4.3 billion in 2019\n\n\n\nStrong Customer Growth\n\n\n\n1.9 million total net additions in Q4 2019 - 7.0 million in 2019 - 6th year in a row of more than 5 million total net additions\n\n\n1.3 million branded postpaid net additions in Q4 2019, best in industry - 4.5 million in 2019, best in industry\n\n\n1.0 million branded postpaid phone net additions in Q4 2019, best in industry - 3.1 million in 2019, best in industry\n\n\n77,000 branded prepaid net additions in Q4 2019 - 339,000 in 2019\n\n\nBranded postpaid phone churn of 1.01% in Q4 2019, up 2 bps YoY - 0.89% in 2019, down 12 bps from 2018\n\n\n\nFirst Nationwide 5G Network\n\n\n\nLaunched the first nationwide 5G network utilizing 600 MHz spectrum, forming the foundational 5G coverage layer for New T-Mobile; network covers more than 200 million people and more than 5,000 cities and towns\n\n\n4G LTE on 600 MHz now covers 248 million people and 1.5 million square miles\n\n\nCurrently, more than 33 million 600 MHz compatible devices already on our network\n\n\n\nStrong Standalone Outlook for 2020\n\n\n\nBranded postpaid net additions of 2.6 to 3.6 million\n\n\nNet income is not available on a forward-looking basis(2)\n\n\nAdjusted EBITDA target of $13.7 to $14.0 billion, which includes leasing revenues of $450 to $550 million\n\n\nCash purchases of property and equipment, including capit...