The company said total revenues for 2023 decreased $1.0 billion (1%), total operating expenses decreased $8.7 billion (12%), and operating income increased $7.7 billion (118%).

1. 01

   The company said total revenues for 2023 decreased $1.0 billion (1%), total operating expenses decreased $8.7 billion (12%), and operating income increased $7.7 billion (118%).

2. 02

   The company said income before income taxes for 2023 was $11.0 billion (2022 $3.1 billion), net income was $8.3 billion (2022 $2.6 billion), and the effective tax rate was 24.4% (2022 17.7%).

3. 03

   T-Mobile US said net cash provided by operating activities for 2023 increased $1.8 billion (11%), Adjusted Free Cash Flow increased $5.9 billion (77%), and net cash payments for Merger-related costs were $2.0 billion (2022 $3.4 billion).

4. 04

   The company said it carried out a workforce reduction of approximately 5,000 positions, or less than 7% of its total employee base, in August 2023, and that severance and related costs for the reduction included $141 million in cost of services and $321 million in selling, general and administrative expense.

Key figures

Fiscal year ended December 31, 2023

Revenue

$78.6B

Operating income

$14.3B

Net income

$8.3B

EPS

$6.93

Operating cash flow

$18.6B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.