The company said Income before income taxes for the 3 months ended March 31, 2024 was $3.1 billion and Net income was $2.4 billion, compared with $2.6 billion and $1.9 billion, respectively, for the same period in 2023.

1. 01

   The company said Income before income taxes for the 3 months ended March 31, 2024 was $3.1 billion and Net income was $2.4 billion, compared with $2.6 billion and $1.9 billion, respectively, for the same period in 2023.

2. 02

   T-Mobile said Core Adjusted EBITDA rose $565 million (8%) and Adjusted EBITDA rose $453 million (6%). It said the increase in Adjusted EBITDA reflected changes in Core Adjusted EBITDA, partially offset by a $112 million decrease in lease revenues.

3. 03

   The company said Net cash provided by operating activities increased $1.0 billion (25%) and Adjusted Free Cash Flow increased $946 million (39%). It said both measures include net cash payments for Merger-related costs of $293 million (2023 $484 million).

4. 04

   T-Mobile said it estimates the net upfront payment for the Ka'ena Acquisition at about $950 million, of which about 45% is expected to be paid in cash. The company said it received all required regulatory approvals on April 25, 2024 and expects the closing on May 1, 2024.

Key figures

Quarter ended March 31, 2024

Revenue

$19.6B

Operating income

$4.0B

Net income

$2.4B

EPS

$2.00

Operating cash flow

$5.1B

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.