Vertical Analysis

Income Statement

T-Mobile
Amounts

All numbers in thousands, except per share

Period Ending
Service revenues and other
Wireless equipment revenues

Other revenues
Total Operating Revenues

2015

2014

$
$
$
$

24,821,000
6,718,000
514,000
32,053,000

$
$
$
$

22,375,000
6,789,000
400,000
29,564,000

$
$
$
$
$
$
$
$
$

5,554,000
9,344,000
10,189,000
4,688,000
376,000
(163,000)
29,988,000
2,065,000

$
$
$
$
$
$
$
$
$

5,788,000
9,621,000
8,863,000
4,412,000
299,000
(840,000)
5,000
28,148,000
1,416,000

$
$
$
$
$
$
$
$

(11,000)
(1,085,000)
(411,000)
420,000
978,000
(245,000)
733,000

$
$
$
$
$
$

###
###
(1,073,000)
(278,000)
359,000
413,000
(166,000)
247,000

Operating Expenses
Cost of service
Wireless cost of equipment
Selling, general, admin. expense
Depreciation, amortization expense
Cost of MetroPCS business combo
Gains on disposal of spectrum license
Other, net
Total Operating Expenses
Operating Income or Loss
Income from Continuing Operations
Equity in (losses) earnings
Other income and (expense), net
Interest expense
Interest Expense to afiliates
Interest income
Income Before Tax
Income Tax Expense
Net Income From Continuing Ops
Basic Earnings Per Common Share
Net income from to Verizon

Weighted-average shares outstanding

Dividends on preferred stock

Net income attributable to common
stockholders

$
$

###
819,773,724
808,851,108
(55,000) $
678,000 $

247,000

Balance Sheet

T-Mobile
Amounts

All numbers in thousands, except per share

Period Ending

2015

2014

4,582,000 $
2,998,000 $
1,788,000 $

5,315,000
1,865,000

Current Assets
Cash And Cash Equivalents
Short Term Investments
Net Receivables

$
$
$

Equipment installment plan receivables

Accounts receivable from affiliates
Inventory
Deferred tax assets, net
Assets held for sale
Other Current Assets
Total Current Assets

$
$
$
$
$
$
$

2,378,000
36,000
1,295,000
1,813,000
14,890,000

$
$
$
$

$
$
$
$
$
$
$
$
$
$
$
$

20,000,000
1,683,000
23,955,000
594,000
847,000
467,000
62,436,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

8,084,000
135,000
182,000
717,000
410,000
9,528,000
20,484,000
5,600,000
2,658,000
4,061,000
2,481,000
1,067,000
45,879,000

$
$
$

$
$

7,364,000
231,000
87,000
###
459,000
635,000
8,776,000
16,273,000
###
###
###
2,521,000
4,873,000
2,331,000
###
616,000
40,990,000

$
$
$
$

38,666,000 $
-

###
###
38,503,000
###

$
$

3,062,000
76,000
1,085,000
988,000
###
1,593,000
13,984,000

Long Term Investments

Property Plant and Equipment
Less accum. depreciation
Investments
Wireless licenses
Goodwill
Spectrum licenses
Other intangible assets, net
Non-current assets held for sale
Deposit for wireless licenses
Equipment installment plan receivables
Other assets
Total Assets

$
$

$
$
$

16,245,000
###
###
###
###
21,955,000
870,000
###
###
1,628,000
288,000
56,653,000

Current Liabilities
Accounts Payable
Current payables to affiliates
Debt maturing within one year
Liabilites related to assests for sale
Deferred revenue
Other Current Liabilities
Total Current Liabilities
Long Term Debt
Long term debt to affiliates
Long term financial obligation
Employee benefit obligations
Tower obligations
Deferred income taxes
Deferred rents
Non-current liabilites for assets for sale
Other liabilites
Total Liabilities

$
$
$
$

$
$
$

Stockholders' Equity
Preferred stock
Common stock
Contributed capital
Reinvested earnings

Accumulated other income (loss)

Common stock in treasury
Deferred compensation
Accumulated deficit
Noncontrolling interests
Total Stockholder Equity
Total liabilities and equity

$
$
$
$
$
$
$

(1,000)
(22,108,000)
16,557,000
62,436,000

1,000
###
###
$ (22,841,000)
###
$ 15,663,000
$ 56,653,000

T-Mobile

Verizo

ounts

Percentages
2013

$
$
$
$

19,068,000
5,033,000
319,000
24,420,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

2015

2014

Amounts
2013

2015

2014

77.44%
20.96%
1.60%
100.00%

75.68%
22.96%
1.35%
100.00%

78.08%
20.61%
1.31%
100.00%

$
$
$
$

114,696,000
16,924,000
131,620,000

$
$
$
$

116,122,000
10,957,000
127,079,000

5,279,000
6,976,000
7,382,000
3,627,000
108,000
(2,000)
54,000
23,424,000
996,000

17.33%
29.15%
31.79%
14.63%
1.17%
-0.51%
0.00%
93.56%
6.44%

19.58%
32.54%
29.98%
14.92%
1.01%
-2.84%
0.02%
95.21%
4.79%

21.62%
28.57%
30.23%
14.85%
0.44%
-0.01%
0.22%
95.92%
4.08%

$
$
$
$
$
$
$
$
$

29,438,000
23,119,000
29,986,000
16,017,000
98,560,000
33,060,000

$
$
$
$
$
$
$
$
$

28,306,000
21,625,000
41,016,000
16,533,000
107,480,000
19,599,000

89,000
(545,000)
(678,000)
189,000
51,000
(16,000)
35,000

0.00%
-0.03%
-3.39%
-1.28%
1.31%
3.05%
-0.76%
2.29%

0.00%
-0.04%
-3.63%
-0.94%
1.21%
1.40%
-0.56%
0.84%

0.00%
0.36%
-2.23%
-2.78%
0.77%
0.21%
-0.07%
0.14%

$
$
$
$
$
$
$
$

(86,000)
186,000
(4,920,000)
28,240,000
(9,865,000)
18,375,000

$
$
$
$
$
$
$
$

803,262,309
$
$

35,000

1,780,000
(1,194,000)
(4,915,000)
15,270,000
(3,314,000)
11,956,000

4.38 $
4,085,000
$

2.42
3,974,000
-

18,375,000 $

11,956,000

T-Mobile

Verizo

ounts

Percentages
2013

$
$
$

5,891,000
3,619,000

2015

7.34%
4.80%
2.86%

2014

9.38%
0.00%
3.29%

Amounts
2013

11.79% $
0.00% $
7.24% $

2015

4,470,000 $
350,000 $
13,457,000 $

2014

10,598,000
555,000
13,993,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

41,000
586,000
839,000
###
1,252,000
12,228,000

3.81%
0.06%
2.07%
0.00%
0.00%
2.90%
23.85%

5.40%
0.13%
1.92%
1.74%
0.00%
2.81%
24.68%

0.00%
0.08%
1.17%
1.68%
0.00%
2.51%
24.48%

$
$
$
$
$
$
$

1,252,000
792,000
1,959,000
22,280,000

$
$
$
$
$
$
$

1,153,000
552,000
2,648,000
29,499,000

15,349,000
1,683,000
18,122,000
1,204,000
###
1,367,000
49,953,000

32.03%
0.00%
0.00%
0.00%
2.70%
38.37%
0.95%
0.00%
0.00%
1.36%
0.75%
100.00%

28.67%
0.00%
0.00%
0.00%
2.97%
38.75%
1.54%
0.00%
0.00%
2.87%
0.51%
100.00%

30.73%
0.00%
0.00%
0.00%
3.37%
36.28%
2.41%
0.00%
0.00%
0.00%
2.74%
100.00%

4,567,000
199,000
244,000
445,000
353,000
5,808,000
14,345,000
5,600,000
2,496,000
###
4,645,000
2,113,000
###
701,000
35,708,000

12.95%
0.22%
0.29%
0.00%
1.15%
0.66%
15.26%
32.81%
8.97%
0.00%
0.00%
4.26%
6.50%
3.97%
0.00%
1.71%
73.48%

13.00%
0.41%
0.15%
0.00%
0.81%
1.12%
15.49%
28.72%
9.88%
0.00%
0.00%
4.45%
8.60%
4.11%
0.00%
1.09%
72.35%

9.14%
0.40%
0.49%
0.00%
0.89%
0.71%
11.63%
28.72%
11.21%
5.00%
0.00%
0.00%
9.30%
4.23%
0.00%
1.40%
71.48%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

19,362,000
6,489,000
463,000
8,738,000
35,052,000
103,705,000
29,957,000
45,484,000
959,000
11,641,000
226,798,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,680,000
2,735,000
8,572,000
27,987,000
110,536,000
33,280,000
41,563,000
5,574,000
218,940,000

###
37,330,000

0.00%
0.00%
61.93%
0.00%

0.00%
0.00%
67.96%
0.00%

0.00%
0.00%
74.73%
0.00%

$
$
$
$

424,000
11,196,000
11,246,000

$
$
$
$

424,000
11,155,000
2,447,000

$ 220,163,000 $ 230,508,000
$ (136,622,000) $ (140,561,000)
$
796,000 $
802,000
$
86,575,000 $
75,341,000
$
25,331,000 $
24,639,000
$
$
$
8,338,000 $
5,728,000
$
10,267,000 $
$
$
921,000
$
$
$
7,512,000 $
5,739,000
$ 244,640,000 $ 232,616,000

$
3,000
$
$
$ (23,088,000)
###
$ 14,245,000
$ 49,953,000

0.00%
0.00%
0.00%
-35.41%
0.00%
26.52%
100.00%

0.00%
0.00%
0.00%
-40.32%
0.00%
27.65%
100.00%

0.01%
0.00%
0.00%
-46.22%
0.00%
28.52%
100.00%

$
$
$
$
$
$
$

550,000
(7,416,000)
428,000
1,414,000
17,842,000
244,640,000

$
$
$
$
$
$
$

1,111,000
(3,263,000)
424,000
1,378,000
13,676,000
232,616,000

Verizon

unts

Percentages
2013

2015

2014

2013

$
$
$
$

112,454,000
8,096,000
120,550,000

87.14%
12.86%
0.00%
100.00%

91.38%
8.62%
0.00%
100.00%

93.28%
6.72%
0.00%
100.00%

$
$
$
$
$
$
$
$
$

28,534,000
16,353,000
27,089,000
16,606,000
88,582,000
31,968,000

22.37%
17.56%
22.78%
12.17%
0.00%
0.00%
0.00%
74.88%
25.12%

22.27%
17.02%
32.28%
13.01%
0.00%
0.00%
0.00%
84.58%
15.42%

23.67%
13.57%
22.47%
13.78%
0.00%
0.00%
0.00%
73.48%
26.52%

$
$
$
$
$
$
$
$

142,000
(166,000)
(2,667,000)
29,277,000
(5,730,000)
23,547,000

-0.07%
0.14%
-3.74%
0.00%
0.00%
21.46%
-7.50%
13.96%

1.40%
-0.94%
-3.87%
0.00%
0.00%
12.02%
-2.61%
9.41%

0.12%
-0.14%
-2.21%
0.00%
0.00%
24.29%
-4.75%
19.53%

$
$

4.01
2,874,000
-

23,547,000

Verizon

unts

Percentages
2013

$
$
$

53,528,000
601,000
12,439,000

2015

1.83%
0.14%
5.50%

2014

4.56%
0.24%
6.02%

2013

19.53%
0.22%
4.54%

$
$
$
$
$
$
$

1,020,000
3,406,000
70,994,000

$ 220,865,000
$ (131,909,000)
$
3,432,000
$
75,747,000
$
24,634,000
$
$
5,800,000
$
$
$
$
4,535,000
$ 274,098,000

0.00%
0.00%
0.51%
0.00%
0.32%
0.80%
9.11%

0.00%
0.00%
0.50%
0.00%
0.24%
1.14%
12.68%

0.00%
0.00%
0.37%
0.00%
0.00%
1.24%
25.90%

89.99%
-55.85%
0.33%
35.39%
10.35%
0.00%
3.41%
4.20%
0.00%
0.00%
3.07%
100.00%

99.09%
-60.43%
0.34%
32.39%
10.59%
0.00%
2.46%
0.00%
0.40%
0.00%
2.47%
100.00%

80.58%
-48.12%
1.25%
27.64%
8.99%
0.00%
2.12%
0.00%
0.00%
0.00%
1.65%
100.00%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,453,000
3,933,000
6,664,000
27,050,000
89,658,000
27,682,000
28,639,000
5,653,000
178,682,000

7.91%
0.00%
2.65%
0.19%
0.00%
3.57%
14.33%
42.39%
0.00%
0.00%
12.25%
0.00%
18.59%
0.00%
0.39%
4.76%
92.71%

7.17%
0.00%
1.18%
0.00%
0.00%
3.69%
12.03%
47.52%
0.00%
0.00%
14.31%
0.00%
17.87%
0.00%
0.00%
2.40%
94.12%

6.00%
0.00%
1.43%
0.00%
0.00%
2.43%
9.87%
32.71%
0.00%
0.00%
10.10%
0.00%
10.45%
0.00%
0.00%
2.06%
65.19%

$
$
$
$

297,000
37,939,000
1,782,000

0.00%
0.17%
4.58%
4.60%

0.00%
0.18%
4.80%
1.05%

0.00%
0.11%
13.84%
0.65%

$
$
$
$
$
$
$

2,358,000
(3,961,000)
421,000
56,580,000
95,416,000
274,098,000

0.22%
-3.03%
0.17%
0.00%
0.58%
7.29%
100.00%

0.48%
-1.40%
0.18%
0.00%
0.59%
5.88%
100.00%

0.86%
-1.45%
0.15%
0.00%
20.64%
34.81%
100.00%

Horizontal Analysis

Income Statement

T-Mobile
Amounts

All numbers in thousands, except per share

Period Ending
Service revenues and other
Wireless equipment revenues

Other revenues
Total Operating Revenues

2015

2014

$
$
$
$

24,821,000
6,718,000
514,000
32,053,000

$
$
$
$

22,375,000
6,789,000
400,000
29,564,000

$
$
$
$
$
$
$
$
$

5,554,000
9,344,000
10,189,000
4,688,000
376,000
(163,000)
29,988,000
2,065,000

$
$
$
$
$
$
$
$
$

5,788,000
9,621,000
8,863,000
4,412,000
299,000
(840,000)
5,000
28,148,000
1,416,000

$
$
$
$
$
$
$
$

(11,000)
(1,085,000)
(411,000)
420,000
978,000
(245,000)
733,000

$
$
$
$
$
$
$
$

(11,000)
(1,073,000)
(278,000)
359,000
413,000
(166,000)
247,000

Operating Expenses
Cost of service
Wireless cost of equipment
Selling, general, admin. expense
Depreciation, amortization expense
Cost of MetroPCS business combo
Gains on disposal of spectrum license
Other, net
Total Operating Expenses
Operating Income or Loss
Income from Continuing Operations
Equity in (losses) earnings
Other income and (expense), net
Interest expense
Interest Expense to afiliates
Interest income
Income Before Tax
Income Tax Expense
Net Income From Continuing Ops
Basic Earnings Per Common Share
Net income from to Verizon
Weighted-average shares outstanding

Dividends on preferred stock

Net income attributable to common
stockholders

$
819,773,724
808,851,108
$
(55,000) $
-

678,000 $

247,000

Balance Sheet

T-Mobile
Amounts

All numbers in thousands, except per share

Period Ending

2015

2014

4,582,000 $
2,998,000 $
1,788,000 $

5,315,000
1,865,000

Current Assets
Cash And Cash Equivalents
Short Term Investments
Net Receivables

$
$
$

Equipment installment plan receivables

Accounts receivable from affiliates
Inventory
Deferred tax assets, net
Assets held for sale
Other Current Assets
Total Current Assets

$
$
$
$
$
$
$

2,378,000
36,000
1,295,000
1,813,000
14,890,000

$
$
$
$
$
$
$

3,062,000
76,000
1,085,000
988,000
1,593,000
13,984,000

$
$
$
$
$
$
$
$
$
$
$
$

20,000,000
1,683,000
23,955,000
594,000
847,000
467,000
62,436,000

$
$
$
$
$
$
$
$
$
$
$
$

16,245,000
1,683,000
21,955,000
870,000
1,628,000
288,000
56,653,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

8,084,000
135,000
182,000
717,000
410,000
9,528,000
20,484,000
5,600,000
2,658,000
4,061,000
2,481,000
1,067,000
45,879,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

7,364,000
231,000
87,000
459,000
635,000
8,776,000
16,273,000
5,600,000
2,521,000
4,873,000
2,331,000
616,000
40,990,000

$
$
$
$

38,666,000
-

$
$
$
$

38,503,000
-

Long Term Investments

Property Plant and Equipment
Less accum. depreciation
Investments
Wireless licenses
Goodwill
Spectrum licenses
Other intangible assets, net
Non-current assets held for sale
Deposit for wireless licenses
Equipment installment plan receivables
Other assets
Total Assets
Current Liabilities
Accounts Payable
Current payables to affiliates
Debt maturing within one year
Liabilites related to assests for sale
Deferred revenue
Other Current Liabilities
Total Current Liabilities
Long Term Debt
Long term debt to affiliates
Long term financial obligation
Employee benefit obligations
Tower obligations
Deferred income taxes
Deferred rents
Non-current liabilites for assets for sale
Other liabilites
Total Liabilities
Stockholders' Equity
Preferred stock
Common stock
Contributed capital
Reinvested earnings

Accumulated other income (loss)

Common stock in treasury
Deferred compensation
Accumulated deficit
Noncontrolling interests
Total Stockholder Equity
Total liabilities and equity

$
(1,000) $
1,000
$
$
$
$
$ (22,108,000) $ (22,841,000)
$
$
$ 16,557,000 $ 15,663,000
$ 62,436,000 $ 56,653,000

T-Mobile

Verizon

ounts

Percentages
2013

2015

2014

2015

2014

$
$
$
$

19,068,000
5,033,000
319,000
24,420,000

117.34%
134.89%
125.39%
121.06%

100.00%
100.00%
100.00%
100.00%

$
$
$
$

114,696,000
16,924,000
131,620,000

$
$
$
$

116,122,000
10,957,000
127,079,000

$
$
$
$
$
$
$
$
$

5,279,000 105.21%
109.64%
6,976,000 133.94%
137.92%
7,382,000 138.02%
120.06%
3,627,000 129.25%
121.64%
108,000 348.15%
276.85%
(2,000) 8150.00% 42000.00%
54,000
0.00%
9.26%
23,424,000 128.02%
120.17%
996,000 207.33%
142.17%

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

$
$
$
$
$
$
$
$
$

29,438,000
23,119,000
29,986,000
16,017,000
98,560,000
33,060,000

$
$
$
$
$
$
$
$
$

28,306,000
21,625,000
41,016,000
16,533,000
107,480,000
19,599,000

100.00%
100.00%
100.00%
100.00%
100.00%
100.00%
100.00%

$
$
$
$
$
$
$
$

(86,000)
186,000
(4,920,000)
28,240,000
(9,865,000)
18,375,000

$
$
$
$
$
$
$
$

$
$
$
$
$
$
$
$

130.17%
133.48%
161.13%
131.26%

Amounts
2013

89,000
-12.36%
(545,000) 199.08%
(678,000)
60.62%
189,000 222.22%
51,000 1917.65%
(16,000) 1531.25%
35,000 2094.29%

803,262,309
$
$

-12.36%
196.88%
41.00%
189.95%
809.80%
1037.50%
705.71%

35,000

1,780,000
(1,194,000)
(4,915,000)
15,270,000
(3,314,000)
11,956,000

4.38 $
4,085,000
$

2.42
3,974,000
-

18,375,000 $

11,956,000

T-Mobile

Verizon

ounts

Percentages

$
$
$

2013

2015

2014

5,891,000
3,619,000

77.78%

90.22%

49.41%

51.53%

Amounts
2013

100.00% $
$
100.00% $

2015

4,470,000 $
350,000 $
13,457,000 $

2014

10,598,000
555,000
13,993,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

41,000
586,000
839,000
###
1,252,000
12,228,000

$
$
$
$
$
$
$

1,252,000
792,000
1,959,000
22,280,000

$
$
$
$
$
$
$

1,153,000
552,000
2,648,000
29,499,000

87.80%
220.99%
0.00%

185.37%
185.15%
117.76%

100.00%
100.00%
100.00%

144.81%
121.77%

127.24%
114.36%

100.00%
100.00%

15,349,000
1,683,000
18,122,000
1,204,000
###
1,367,000
49,953,000

130.30%

105.84%

100.00%
132.19%
49.34%

100.00%
121.15%
72.26%

34.16%
124.99%

21.07%
113.41%

100.00% $ 220,163,000 $ 230,508,000

$ (136,622,000) $ (140,561,000)
$
796,000 $
802,000
$
86,575,000 $
75,341,000
100.00% $
25,331,000 $
24,639,000
100.00% $
$
100.00% $
8,338,000 $
5,728,000
$
10,267,000 $
$
$
921,000
$
$
100.00% $
7,512,000 $
5,739,000
100.00% $ 244,640,000 $ 232,616,000

4,567,000
199,000
244,000
445,000
353,000
5,808,000
14,345,000
5,600,000
2,496,000
###
4,645,000
2,113,000
###
701,000
35,708,000

177.01%
67.84%
74.59%

161.24%
116.08%
35.66%

161.12%
116.15%
164.05%
142.80%
100.00%
0.00%

103.15%
179.89%
151.10%
113.44%
100.00%
0.00%

87.43%
117.42%

104.91%
110.32%

152.21%
128.48%

87.87%
114.79%

###
37,330,000

103.58%

103.14%

100.00% $
100.00% $
100.00% $
$
100.00% $
100.00% $
100.00% $
100.00% $
100.00% $
100.00% $
$
$
100.00% $
100.00% $
$
100.00% $
100.00% $

19,362,000
6,489,000
463,000
8,738,000
35,052,000
103,705,000
29,957,000
45,484,000
959,000
11,641,000
226,798,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,680,000
2,735,000
8,572,000
27,987,000
110,536,000
33,280,000
41,563,000
5,574,000
218,940,000

$
$
100.00% $
$

424,000
11,196,000
11,246,000

$
$
$
$

424,000
11,155,000
2,447,000

$
3,000
$
$
$ (23,088,000)
###
$ 14,245,000
$ 49,953,000

-33.33%

33.33%

95.76%

98.93%

116.23%
124.99%

109.95%
113.41%

100.00% $
$
$
100.00% $
$
100.00% $
100.00% $

550,000
(7,416,000)
428,000
1,414,000
17,842,000
244,640,000

$
$
$
$
$
$
$

1,111,000
(3,263,000)
424,000
1,378,000
13,676,000
232,616,000

Verizon

unts

Percentages
2013

2015

2014

2013

$
$
$
$

112,454,000
8,096,000
120,550,000

101.99%
56.49%

103.26%
32.92%

100.00%
29.25%

109.18%

105.42%

100.00%

$
$
$
$
$
$
$
$
$

28,534,000
16,353,000
27,089,000
16,606,000
88,582,000
31,968,000

103.17%
141.37%
110.69%
96.45%

99.20%
132.24%
151.41%
99.56%

100.00%
100.00%
100.00%
100.00%

111.26%
103.42%

121.33%
61.31%

100.00%
100.00%

$
$
$
$
$
$
$
$

142,000
-60.56% 1253.52%
(166,000) -112.05% 719.28%
(2,667,000) 184.48% 184.29%
29,277,000
96.46%
52.16%
(5,730,000) 172.16%
57.84%
23,547,000
78.04%
50.78%

100.00%
100.00%
100.00%

$
$

4.01
2,874,000
-

23,547,000

100.00%
100.00%
100.00%

Verizon

unts

Percentages
2013

$
$
$

53,528,000
601,000
12,439,000

2015

8.35%
58.24%
108.18%

2014

19.80%
92.35%
112.49%

2013

100.00%
100.00%
100.00%

$
$
$
$
$
$
$

1,020,000
3,406,000
70,994,000

122.75%

113.04%

100.00%

57.52%
31.38%

77.75%
41.55%

100.00%
100.00%

$ 220,865,000
$ (131,909,000)
$
3,432,000
$
75,747,000
$
24,634,000
$
$
5,800,000
$
$
$
$
4,535,000
$ 274,098,000

99.68%
103.57%
23.19%
114.29%
102.83%

104.37%
106.56%
23.37%
99.46%
100.02%

100.00%
100.00%
100.00%
100.00%
100.00%

143.76%

98.76%

100.00%

165.64%
89.25%

126.55%
84.87%

100.00%
100.00%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

16,453,000
3,933,000
6,664,000
27,050,000
89,658,000
27,682,000
28,639,000
5,653,000
178,682,000

117.68%

101.38%

100.00%

164.99%

69.54%

100.00%

131.12%
129.58%
115.67%

128.63%
103.46%
123.29%

100.00%
100.00%
100.00%

108.22%

120.22%

100.00%

158.82%

145.13%

100.00%

205.93%
126.93%

98.60%
122.53%

100.00%
100.00%

$
$
$
$

297,000
37,939,000
1,782,000

142.76%
29.51%
631.09%

142.76%
29.40%
137.32%

100.00%
100.00%
100.00%

$
$
$
$
$
$
$

2,358,000
(3,961,000)
421,000
56,580,000
95,416,000
274,098,000

23.32%
187.23%
101.66%

47.12%
82.38%
100.71%

100.00%
100.00%
100.00%

2.50%
18.70%
89.25%

2.44%
14.33%
84.87%

100.00%
100.00%
100.00%

Ratio Analysis
Earnings per Share (EPS)
EPS = (Net Inc. - Pref Div)/ Ave # Common Shares Outstanding
T-Mobile
2015
2014
Net Income
$
733,000 $
247,000
Preferred Dividends
$
(55,000) $
-

$
$

2013
35,000
-

Net Income to Common Stockholders

35,000

Average # Shares Common Stock

EPS

678,000

819,773,724
$

0.00

247,000
808,851,108

0.00

Dividend Payout Ratio for Common Stock

Dividend Payout Ratio = Dividends per Share/ Earnings per Share
T-Mobile
2015
2014
Dividends per Share
$
$
Earnings per Share (EPS)
$
0.00 $
0.00
Dividend Payout Ratio

803,262,309
$

0.00

2013
$
$

0.00
0

Book Value per Share

Book Value per Share = Total Stkhldrs
Equity - Pref Stk/ # Common Shares
Outstanding

Total Stockholders' Equity

Less: Par Value of Preferred Shares

2015
$ 16,557,000
$
-

T-Mobile
2014
$ 15,663,000
$
-

2013
$ 14,245,000
$
-

Book Value of Common Stock

$ 16,557,000

$ 15,663,000

$ 14,245,000

818,391,219

807,468,603

196,737,691

Average # Common Shares Outstanding

Book Value per Share

0.02

0.02

0.07

2015
733,000 $
(55,000) $

T-Mobile
2014
247,000
-

$
$

2013
35,000
-

247,000

35,000

Return on Common Stockholders' Equity

Return on Com. Stkhldrs Equity = (Net
Inc. - Pref Div.)/ Ave Tot Stkhlds EquityAve Pref Stock

Net Income
Preferred Dividends

$
$

Net Income to Common Stockholders

Total Stockholders' Equity

Less Preferred Stock Par Value

$ 16,557,000
$
-

678,000

$ 15,663,000
$
-

$ 14,245,000
$
-

Ave Net Stkhlds Equity for Common Stock

$ 16,557,000

$ 15,663,000

$ 14,245,000

Net Return Common Stockholders's Equity

0.04

0.02

0.00

Current Ratio
Current Ratio = Current Assets/ Current Liabilities

Current Assets:
Current Liabilities
Current Ratio

2015
$ 14,890,000
$
9,528,000

T-Mobile
2014
$ 13,984,000
$
8,776,000

2013
$ 12,228,000
$
5,808,000

1.5627623846 1.5934366454 2.1053719008

Average Collection Period

Ave Collection Per. = 365 Days/ Accts Receivable Turnover

Accounts Receivable
Sales
Accounts Receivable Turnover
Days in Year
Average Collection Period

T-Mobile
2015
2014
2013
$
1,788,000 $
1,865,000 $
3,619,000
$ 32,053,000 $ 29,564,000 $ 24,420,000
$
18 $
16 $
7
365
365
365
20.360652669 23.025470166 54.092342342

Debt to Equity Ratio

Debt to Equity Ratio = Total Liabilities/ Total Stockholders' Equity
T-Mobile
Total Liabilities
Total Stockholders' Equity
Debt to Equity Ratio

2015
$ 45,879,000
$ 16,557,000
2.7709730024

2014
$ 40,990,000
$ 15,663,000

2013
$ 35,708,000
$ 14,245,000

2.616995467 2.5067041067

$
$

2015
18,375,000 $
$

Verizon
2014
11,956,000 $
$

18,375,000 $

11,956,000 $

4,085,000
$

4.50

3,974,000
$

0.57 $
4.50 $
0.1256068027

23,547,000
2,874,000

Verizon
2014

2015
$
$

3.01

2013
23,547,000
-

8.19

2013
0.55 $
3.01 $

0.1828119772

0.53
8.19
0.0646884953

$
$

2015
17,842,000 $
-

Verizon
2014
13,676,000 $
### $

2013
95,416,000
-

17,842,000 $

13,676,000 $

95,416,000

$ 4,242,000,000 $

4,155,000,000 $

2,986,000,000

0.00

0.00

0.03

$
$

2015
18,375,000 $
$

Verizon
2014
11,956,000 $
$

2013
23,547,000
-

18,375,000 $

11,956,000 $

23,547,000

$
$

17,842,000 $
-

13,676,000 $
### $

95,416,000
-

$
$

$
$

17,842,000 $
1.03

2015
22,280,000 $
35,052,000 $
0.6356270684

$
$
$

13,676,000 $

2015
13,457,000 $
131,620,000 $
10 $
365
37.3180747607

0.87

95,416,000

0.25

Verizon
2014
29,499,000 $
27,987,000 $

2013
70,994,000
27,050,000

1.0540250831

Verizon
2014
13,993,000 $
127,079,000 $
9 $
365
40.1911015982

2.6245471349

2013
12,439,000
120,550,000
10
365
37.6626710908

Verizon
$
$

2015
226,798,000 $
17,842,000 $
12.7114673243

2014
218,940,000 $
13,676,000 $
16.0090669786

2013
178,682,000
95,416,000
1.8726628658

Dividend Yield Ratio for Common Stock

Dividend Yield Ratio = Dividends per Share/ Market Price per Share
T-Mobile
2015
2014
2013
Dividends per Share
$
$
$
Market Price per Share
$
### $
Dividend Yield Ratio

#DIV/0!

#DIV/0!

#DIV/0!

Price Earnings Ratio

Price Earnings Ratio = Market Price per Share/ Earnings per Share
T-Mobile
2015
2014
2013
Market Price per Share
$
$
$
Earnings per Share (EPS)
$
0.00 $
0.00 $
0.00
Price Earnings Ratio

Return on Total Assets

Return on Total Assets =
{[Net Income + (Interest
Exp. X 1-Tax Rate)]}/ Total
Ave Assets

Net Income
Interest Expense X 1-Tax Rate

$
$

2015
733,000
1,496,000

Total Net Income + Tax Benefit

2,229,000

Total Average Assets

62,436,000

Return on Total Assets

T-Mobile
2014
$
247,000
$
1,351,000

$
$

2013
35,000
1,223,000

1,258,000

1,598,000

$ 56,653,000 $ 49,953,000

0.0357005574 0.0282068028 0.0251836727

T-Mobile
2014

2015

Company's Financial Leverage

3.77

2013

3.61

3.51

Working Capital
Working Capital = Current Assets - Current Liabilities
T-Mobile
2015
Current Assets:
Current Liabilities

$
$

14,890,000
9,528,000

2014
$
$

13,984,000
8,776,000

2013
$
$

12,228,000
5,808,000

Working Capital

5,362,000

5,208,000

6,420,000

Acid-test Ratio
Acid-test Ratio= (Cash + Mktble Sec + Receivables)/ Current Liabilities
T-Mobile
2015
2014
2013
Cash
$
4,582,000 $
5,315,000 $
5,891,000
Marketable Securities
$
1,295,000 $
1,085,000 $
586,000
Receivables

Total Current Acid-test Assets

Current Liabilities
Acid-test Ratio

$
$

1,788,000

1,865,000

3,619,000

7,665,000 $
8,265,000 $ 10,096,000
9,528,000 $
8,776,000 $
5,808,000
0.8044710327 0.9417730173 1.738292011

Average Sale Period

Average Satle Period = 365 Days/ Inventory Turnover
T-Mobile
2015
2014
30,758,000

Average Inventory Balance

Inventory Turnover
Days in Year

$
$

Average Sale Period

15.3675466545 13.905860459 8.9741545691

1,295,000 $
24 $
365

28,479,000

2013

Cost of Goods Sold

1,085,000 $
26 $
365

23,834,000
586,000
41
365

Times Interest Earned Ratio

Times Interest Earned Ratio = EBIT/Interest Expense
Net Operating Income or NOI before Interest & Taxes
2015
2,065,000
182,000

T-Mobile
2014
$
1,416,000
$
87,000

$
$

2013
996,000
244,000

Net Operating Income

Interest Expense

$
$

Times Interest Earned

11.3461538462 16.275862069 4.0819672131

Verizon
2014

2015
$
$

0.57 $
46.52 $

0.01

0.01

47 $
4.50 $

0.53
49.00

Verizon
2014

2015
$
$

2013

0.55 $
47.08 $

0.01

2013
47 $
3.01 $

10.3419972789 15.6487052526

49
8.19
5.9806344757

$
$

2015
18,375,000 $
4,920,000 $

Verizon
2014
11,956,000 $
4,915,000 $

2013
23,547,000
2,667,000

23,295,000 $

16,871,000 $

26,214,000

$ 244,640,000

$ 232,616,000

0.09522155

$ 274,098,000

0.0725272552
Verizon
2014

2015

14.89

0.0956373268

2013

18.92

7.06

Verizon
$
$

2015

2014

2013

22,280,000 $
35,052,000 $

29,499,000 $
27,987,000 $

70,994,000
27,050,000

$ (12,772,000) $

43,944,000

$
$

2015
4,470,000 $
1,252,000 $

Verizon
2014
10,598,000 $
1,153,000 $

2013
53,528,000
1,020,000

13,457,000 $

13,993,000 $

12,439,000

$
$

1,512,000

19,179,000 $
25,744,000 $
66,987,000
35,052,000 $
27,987,000 $
27,050,000
0.5471585074
0.9198556473
2.4764140481

2015

Verizon
2014

130,368,000 $

125,926,000 $

$
$

1,252,000 $
104 $
365

1,153,000 $
109 $
365

3.5053080511

$
$

2015
33,060,000 $
6,489,000 $
5.0947757744

3.3420024459

Verizon
2014
19,599,000 $
2,735,000 $
7.1659963437

2013
119,530,000
1,020,000
117
365
3.1146992387

2013
31,968,000
3,933,000
8.1281464531