Document_and_Entity_Informatio
Document and Entity Information | 6 Months Ended | |
Jun. 30, 2014 | Jul. 28, 2014 | |
Document and Entity Information [Abstract] | ' | ' |
Entity Registrant Name | 'T-MOBILE US, INC. | ' |
Trading Symbol | 'TMUS | ' |
Entity Central Index Key | '0001283699 | ' |
Document Type | '10-Q | ' |
Document Period End Date | 30-Jun-14 | ' |
Amendment Flag | 'false | ' |
Document Fiscal Year Focus | '2014 | ' |
Document Fiscal Period Focus | 'Q2 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 807,165,830 |
Condensed_Consolidated_Balance
Condensed Consolidated Balance Sheets (Unaudited) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Current assets | ' | ' |
Cash and cash equivalents | $3,080 | $5,891 |
Accounts receivable, net of deferred interest and allowances of $473 and $381 | 3,939 | 3,619 |
Accounts receivable from affiliates | 87 | 41 |
Inventory | 791 | 586 |
Current portion of deferred tax assets, net | 820 | 839 |
Other current assets | 1,179 | 1,252 |
Total current assets | 9,896 | 12,228 |
Property and equipment, net of accumulated depreciation of $21,137 and $19,649 | 15,537 | 15,349 |
Goodwill | 1,683 | 1,683 |
Spectrum licenses | 21,828 | 18,122 |
Other intangible assets, net of accumulated amortization of $643 and $476 | 1,040 | 1,204 |
Other assets | 1,680 | 1,367 |
Total assets | 51,664 | 49,953 |
Current liabilities | ' | ' |
Accounts payable and accrued liabilities | 5,555 | 4,567 |
Current payables and short-term debt to affiliates | 236 | 199 |
Short-term debt | 272 | 244 |
Deferred revenue | 447 | 445 |
Other current liabilities | 621 | 353 |
Total current liabilities | 7,131 | 5,808 |
Long-term debt to affiliates | 5,600 | 5,600 |
Long-term debt | 14,369 | 14,345 |
Long-term financial obligation | 2,502 | 2,496 |
Deferred tax liabilities | 4,757 | 4,645 |
Deferred rents | 2,237 | 2,113 |
Other long-term liabilities | 505 | 701 |
Total long-term liabilities | 29,970 | 29,900 |
Commitments and contingencies | ' | ' |
Stockholders' equity | ' | ' |
Preferred stock, par value $0.00001 per share, 100,000,000 shares authorized; no shares issued and outstanding | 0 | 0 |
Common stock, par value $0.00001 per share, 1,000,000,000 shares authorized; 808,508,529 and 803,262,309 shares issued, 807,126,024 and 801,879,804 shares outstanding | 0 | 0 |
Additional paid-in capital | 37,411 | 37,330 |
Treasury stock, at cost, 1,382,505 and 1,382,505 shares issued | 0 | 0 |
Accumulated other comprehensive income | 0 | 3 |
Accumulated deficit | -22,848 | -23,088 |
Total stockholders' equity | 14,563 | 14,245 |
Total liabilities and stockholders' equity | $51,664 | $49,953 |
Condensed_Consolidated_Balance1
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, except Share data, unless otherwise specified | ||
Deferred interest and allowances | $473 | $381 |
Accumulated depreciation | 21,137 | 19,649 |
Accumulated amortization | $643 | $476 |
Preferred stock, par value | $0.00 | $0.00 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 1,000,000,000 | 1,000,000,000 |
Common stock, shares issued | 808,508,529 | 803,262,309 |
Common stock, shares outstanding | 807,126,024 | 801,879,804 |
Treasury stock, at cost, shares issued | 1,382,505 | 1,382,505 |
Condensed_Consolidated_Stateme
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues | ' | ' | ' | ' |
Branded postpaid revenues | $3,511 | $3,284 | $6,958 | $6,547 |
Branded prepaid revenues | 1,736 | 1,242 | 3,384 | 1,745 |
Wholesale revenues | 172 | 143 | 346 | 293 |
Roaming and other service revenues | 65 | 87 | 133 | 177 |
Total service revenues | 5,484 | 4,756 | 10,821 | 8,762 |
Equipment sales | 1,600 | 1,379 | 3,048 | 1,984 |
Other revenues | 101 | 93 | 191 | 159 |
Total revenues | 7,185 | 6,228 | 14,060 | 10,905 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 1,453 | 1,327 | 2,917 | 2,436 |
Cost of equipment sales | 2,215 | 1,936 | 4,501 | 2,822 |
Selling, general and administrative | 2,151 | 1,847 | 4,247 | 3,353 |
Depreciation and amortization | 1,129 | 888 | 2,184 | 1,643 |
MetroPCS transaction and integration costs | 22 | 26 | 34 | 39 |
Restructuring costs | 0 | 23 | 0 | 54 |
Other, net | -747 | 0 | -757 | -2 |
Total operating expenses | 6,223 | 6,047 | 13,126 | 10,345 |
Operating income | 962 | 181 | 934 | 560 |
Interest expense to affiliates | -85 | -225 | -103 | -403 |
Interest expense | -271 | -109 | -547 | -160 |
Interest income | 83 | 40 | 158 | 75 |
Other income (expense), net | -12 | 118 | -18 | 112 |
Total other expense, net | -285 | -176 | -510 | -376 |
Income before income taxes | 677 | 5 | 424 | 184 |
Income tax expense | 286 | 21 | 184 | 93 |
Net income (loss) | 391 | -16 | 240 | 91 |
Other comprehensive income (loss), net of tax | ' | ' | ' | ' |
Net gain on cross currency interest rate swaps, net of tax effect of $0, $39, $0, and $13 | 0 | 66 | 0 | 23 |
Net loss on foreign currency translation, net of tax effect of $0, ($62), $0 and ($37) | 0 | -104 | 0 | -62 |
Unrealized loss on available-for-sale securities, net of tax effect of $0, $0, ($1) and $0 | 0 | 0 | -3 | 0 |
Other comprehensive loss, net of tax | 0 | -38 | -3 | -39 |
Total comprehensive income (loss) | $391 | ($54) | $237 | $52 |
Earnings (loss) per share | ' | ' | ' | ' |
Basic | $0.49 | ($0.02) | $0.30 | $0.15 |
Diluted | $0.48 | ($0.02) | $0.30 | $0.15 |
Weighted average shares outstanding | ' | ' | ' | ' |
Basic | 803,923,913 | 664,603,682 | 803,226,194 | 600,302,111 |
Diluted | 813,556,137 | 664,603,682 | 812,903,135 | 601,694,911 |
Condensed_Consolidated_Stateme1
Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) (Parenthetical) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Net gain on cross currency interest rate swaps, tax | $0 | $39 | $0 | $13 |
Net loss on foreign currency translation, tax | 0 | -62 | 0 | -37 |
Unrealized loss on available-for-sale securities, tax | $0 | $0 | ($1) | $0 |
Condensed_Consolidated_Stateme2
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Operating activities | ' | ' |
Net cash provided by operating activities | $1,729 | $1,715 |
Investing activities | ' | ' |
Purchases of property and equipment | -1,887 | -2,126 |
Purchases of spectrum licenses and other intangible assets | -2,367 | -51 |
Short term affiliate loan receivable, net | 0 | 300 |
Cash and cash equivalents acquired in MetroPCS business combination | 0 | 2,144 |
Investments in unconsolidated affiliates, net | -20 | 0 |
Other, net | -1 | -5 |
Net cash provided by (used in) investing activities | -4,275 | 262 |
Financing activities | ' | ' |
Repayments of short-term debt for purchases of property and equipment | -231 | 0 |
Repayments related to a variable interest entity | 0 | -40 |
Distribution to affiliate | 0 | -41 |
Taxes paid related to net share settlement of stock awards | -72 | 0 |
Excess tax benefit from stock-based compensation | 33 | 3 |
Proceeds from exercise of stock options | 23 | 72 |
Other, net | -18 | -3 |
Net cash used in financing activities | -265 | -9 |
Change in cash and cash equivalents | -2,811 | 1,968 |
Cash and cash equivalents | ' | ' |
Beginning of period | 5,891 | 394 |
End of period | $3,080 | $2,362 |
Basis_of_Presentation
Basis of Presentation | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
Note 1 – Basis of Presentation | |
The unaudited condensed consolidated financial statements of T-Mobile US, Inc. (“T-Mobile” or the “Company”) include all adjustments of a normal recurring nature necessary for the fair presentation of the results for the interim periods presented. The results for the interim periods are not necessarily indicative of those for the full year. The condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2013. | |
The condensed consolidated financial statements include the balances and results of operations of T-Mobile and its consolidated subsidiaries. T-Mobile consolidates all majority-owned subsidiaries over which it exercises control, as well as variable interest entities (“VIE”) where it is deemed to be the primary beneficiary and VIEs which cannot be deconsolidated. Intercompany transactions and balances have been eliminated in consolidation. | |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the financial statements and accompanying notes. Actual results could differ from those estimates. | |
Recently Issued Accounting Standards | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers.” The standard requires entities to recognize revenue through the application of a five-step model, which includes identification of the contract, identification of the performance obligations, determination of the transaction price, allocation of the transaction price to the performance obligations, and recognition of revenue as the entity satisfies the performance obligations. The standard will become effective for T-Mobile beginning January 1, 2017. The Company is currently evaluating the guidance to determine the potential impact on T-Mobile’s financial condition, results of operations and cash flows, and financial statement disclosures. |
Acquisitions_and_Other_Transac
Acquisitions and Other Transactions | 6 Months Ended |
Jun. 30, 2014 | |
Acquisitions and Other Transactions [Abstract] | ' |
Acquisitions and Other Transactions | ' |
Note 2 – Acquisitions and Other Transactions | |
Spectrum License Transactions | |
In January 2014, T-Mobile entered into agreements with Verizon Communications Inc. (“Verizon”) for the acquisition of 700 MHz A-Block spectrum licenses for cash and the transfer of certain Advanced Wireless Service (“AWS”) and Personal Communications Service (“PCS”) spectrum licenses. Upon closing of the transaction in April 2014, T-Mobile paid Verizon $2.4 billion in cash and transferred certain AWS and PCS spectrum licenses. T-Mobile recorded the 700 MHz A-Block spectrum licenses received at their fair value of $3.7 billion. In addition, T-Mobile recognized a non-cash gain of $517 million included in other, net for the three and six months ended June 30, 2014. | |
In November 2013, the Company entered into an agreement with Verizon to exchange certain AWS and PCS spectrum licenses. Upon closing of the transaction in April 2014, T-Mobile transferred certain AWS and PCS spectrum licenses to Verizon. T-Mobile recorded the AWS and PCS spectrum licenses received at their fair value of $792 million. In addition, T-Mobile recognized a non-cash gain of $214 million included in other, net for the three and six months ended June 30, 2014. | |
Factoring Arrangement | |
Transaction Overview | |
In February 2014, T-Mobile entered into a two-year factoring arrangement to sell certain service accounts receivable on a revolving basis, subject to a maximum funding limit of $500 million. Sales of receivables occur daily and are settled on a monthly basis. The receivables consist of service charges currently due from customers and are short-term in nature. In connection with the factoring arrangement, the Company formed a wholly-owned subsidiary, which qualifies as a bankruptcy remote special purpose entity (“Factoring SPE”). Pursuant to the factoring arrangement, certain subsidiaries of T-Mobile transfer selected receivables to the Factoring SPE. The Factoring SPE then sells the receivables to an unaffiliated entity (“Factoring VIE”), which was established to facilitate the sale of ownership interest in the receivables to certain third parties. | |
Variable Interest Entity | |
The Company determined the Factoring VIE is a VIE as it lacks sufficient equity to finance its activities. The Company has a variable interest in the Factoring VIE, but is not the primary beneficiary as it lacks the power to direct the activities that most significantly impact the Factoring VIE’s economic performance. As the Company has determined it is not the primary beneficiary and does not hold any equity interest, the results of the Factoring VIE are not consolidated into the Company’s condensed consolidated financial statements. | |
Sales of Receivables | |
The sales of receivables through the factoring arrangement are treated as sales of financial assets. Upon sale, T-Mobile derecognizes the receivables, as well as the related allowances, and recognizes the net proceeds in cash provided by operating activities. | |
As of June 30, 2014, T-Mobile derecognized net receivables of $611 million through the factoring arrangement. For the six months ended June 30, 2014, T-Mobile received net cash proceeds of $468 million. The proceeds were net of a receivable for the remainder of the purchase price (“deferred purchase price”), which is received from collections on the service receivables. The deferred purchase price is classified as a trading security and carried at fair value with unrealized gains and losses from changes in fair value included in selling, general and administrative expense. The fair value of the deferred purchase price was determined based on a discounted cash flow model which uses unobservable inputs (Level 3 inputs), including customer default rates. Due to the short-term nature of the underlying financial assets, the carrying value approximated fair value. As of June 30, 2014, other current assets related to the factoring arrangement, which were held by the Factoring SPE and primarily consisted of the deferred purchase price, were $236 million. In addition, T-Mobile recognized an obligation to the Factoring VIE primarily related to the timing of settlements for the sales of receivables through the factoring arrangement. As of June 30, 2014, accounts payable and accrued liabilities and other current liabilities related to the factoring arrangement, which were held by the Factoring SPE, were $101 million and $23 million, respectively. | |
Net expenses resulting from the sales of receivables are recognized in selling, general and administrative expense. Prior to the sales of receivables, T-Mobile recognizes impairment charges, rather than bad debt expense, to reduce the receivables to fair value for estimated losses resulting from uncollectible balances. Net expenses also include any resulting gains or losses from the sales of receivables, unrealized gains and losses related to the deferred purchase price, and factoring fees. For the three and six months ended June 30, 2014, T-Mobile recognized net expenses of $77 million and $90 million, respectively. | |
Continuing Involvement | |
T-Mobile has continuing involvement with the sold receivables as it services the receivables and is required to repurchase certain receivables, including aged receivables and receivables where write-off is imminent, pursuant to the factoring arrangement. T-Mobile will continue to service the customer and their related receivables, including facilitating customer payment collection, in exchange for a monthly servicing fee. As the receivables are sold on a revolving basis, the customer payment collections are reinvested in new receivable sales. While servicing the receivables the same policies and procedures are applied to the sold receivables that apply to owned receivables, and T-Mobile continues to maintain normal relationships with its customers. | |
In addition, T-Mobile has continuing involvement related to the sold receivables as it may be responsible for absorbing additional credit losses pursuant to the agreement. The Company’s maximum exposure to loss related to the involvement with the Factoring VIE was $440 million as of June 30, 2014. The maximum exposure to loss, which is required disclosure under GAAP, represents an estimated loss that would be incurred under severe, hypothetical circumstances whereby the Company would not receive the portion of the contractual proceeds withheld by the Factoring VIE and would also be required to repurchase the maximum amount of receivables pursuant to the agreement without consideration for any recovery. As T-Mobile believes the probability of these circumstances occurring is very remote, the maximum exposure to loss is not an indication of the Company’s expected loss. | |
Short-term Debt | |
In June 2014, the Company entered into a handset financing arrangement with affiliates of Deutsche Bank AG which allows for up to $108 million in borrowings. Under the arrangement, the Company can effectively extend payment terms for invoices payable to certain handset vendors. The interest rate on the financing arrangement will be determined based on LIBOR plus a specified margin per the arrangement. Obligations under the financing arrangement will be included in short-term debt. As of June 30, 2014, there was no outstanding balance. | |
Transaction with MetroPCS | |
On April 30, 2013, the business combination involving T-Mobile USA, Inc. (“T-Mobile USA”) and MetroPCS Communications, Inc. (“MetroPCS”) was completed. In connection with the business combination, MetroPCS acquired all of the outstanding capital stock of T-Mobile USA beneficially owned by Deutsche Telekom AG (“Deutsche Telekom”) in consideration for the issuance of shares of common stock representing a majority of the fully diluted shares of the combined company. MetroPCS was subsequently renamed T-Mobile US, Inc. and is the consolidated parent of the Company’s subsidiaries, including T-Mobile USA. The business combination was accounted for as a reverse acquisition with T-Mobile USA as the accounting acquirer. Accordingly, T-Mobile USA’s historical financial statements became the historical financial statements of the combined company. The common shares outstanding and earnings (loss) per share presented for periods up to April 30, 2013 reflect the common shares issued to T-Mobile Global Holding GmbH, an indirect wholly-owned subsidiary of Deutsche Telekom, in connection with the reverse acquisition. Additionally, the acquired assets and liabilities of MetroPCS were included in the condensed consolidated balance sheets as of April 30, 2013 and the results of its operations and cash flows are included in the condensed consolidated statements of comprehensive income (loss) and cash flows for periods beginning after May 1, 2013. |
Equipment_Installment_Plan_Rec
Equipment Installment Plan Receivables | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Equipment Installment Plan Receivables [Abstract] | ' | |||||||||||||||||||||||
Equipment Installment Plan Receivables | ' | |||||||||||||||||||||||
Note 3 – Equipment Installment Plan Receivables | ||||||||||||||||||||||||
T-Mobile offers certain retail customers the option to pay for their devices and other purchases in installments over a period of up to 24 months using an Equipment Installment Plan (“EIP”). The carrying values of EIP receivables approximate fair value as the receivables are recorded at their present value, net of the deferred interest and additional allowance for credit losses. At the time of sale, the Company imputes interest, inclusive of credit risk, on the EIP receivables and records the deferred interest as a reduction to equipment sales and as an allowance against the related accounts receivable. Interest income is recognized over the financed installment term. | ||||||||||||||||||||||||
The following table summarizes the EIP receivables: | ||||||||||||||||||||||||
(in millions) | June 30, | December 31, | ||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
EIP receivables, gross | $ | 4,029 | $ | 2,882 | ||||||||||||||||||||
Deferred interest | (320 | ) | (276 | ) | ||||||||||||||||||||
EIP receivables, net of deferred interest | 3,709 | 2,606 | ||||||||||||||||||||||
Allowance for credit losses | (126 | ) | (60 | ) | ||||||||||||||||||||
EIP receivables, net | $ | 3,583 | $ | 2,546 | ||||||||||||||||||||
Classified on the balance sheet as: | ||||||||||||||||||||||||
Accounts receivable, net | $ | 2,190 | $ | 1,471 | ||||||||||||||||||||
Other assets | 1,393 | 1,075 | ||||||||||||||||||||||
EIP receivables, net | $ | 3,583 | $ | 2,546 | ||||||||||||||||||||
Based upon customer credit profiles, T-Mobile classifies EIP receivables into the credit categories of “Prime” and “Subprime”. T-Mobile uses proprietary scoring systems that measure the credit quality of the EIP receivables using several factors, such as credit bureau information, consumer credit risk scores and service plan characteristics. Prime customer receivables are those with lower delinquency risk and Subprime customer receivables are those with higher delinquency risk. Customers within the Subprime category may be required to pay a significant down payment on their equipment purchases. In addition, certain customers within the Subprime category are required to pay an advance deposit. | ||||||||||||||||||||||||
The balance and aging of the EIP receivables on a gross basis by credit category were as follows: | ||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Prime | Subprime | Total | Prime | Subprime | Total | ||||||||||||||||||
Unbilled | $ | 2,058 | $ | 1,798 | $ | 3,856 | $ | 1,482 | $ | 1,270 | $ | 2,752 | ||||||||||||
Billed - Current | 59 | 60 | 119 | 45 | 45 | 90 | ||||||||||||||||||
Billed - Past Due | 20 | 34 | 54 | 15 | 25 | 40 | ||||||||||||||||||
EIP receivables, gross | $ | 2,137 | $ | 1,892 | $ | 4,029 | $ | 1,542 | $ | 1,340 | $ | 2,882 | ||||||||||||
EIP receivables for which invoices have not yet been generated for the customer are classified as Unbilled. EIP receivables for which invoices have been generated but which are not past the contractual due date are classified as Billed - Current. EIP receivables for which invoices have been generated and the payment is past the contractual due date are classified as Billed - Past Due. | ||||||||||||||||||||||||
T-Mobile maintains an additional allowance for credit losses exceeding the credit risk recorded as deferred interest. The allowance is based on a number of factors, including collection experience, aging of the accounts receivable portfolio, credit quality of the customer base, and other qualitative factors such as macro-economic conditions. T-Mobile writes off account balances if collection efforts were unsuccessful and future collection is unlikely based on customer credit ratings and the length of time from the original billing date. Equipment sales that are not reasonably assured to be collectible are recorded on a cash basis as payments are received. | ||||||||||||||||||||||||
Activity in the deferred interest and allowance for credit losses for the EIP receivables was as follows: | ||||||||||||||||||||||||
(in millions) | June 30, | |||||||||||||||||||||||
2014 | ||||||||||||||||||||||||
Deferred interest and allowance for credit losses, beginning of period | $ | 336 | ||||||||||||||||||||||
Bad debt expense | 187 | |||||||||||||||||||||||
Write-offs, net of recoveries | (121 | ) | ||||||||||||||||||||||
Change in deferred interest on short-term and long-term EIP receivables | 44 | |||||||||||||||||||||||
Deferred interest and allowance for credit losses, end of period | $ | 446 | ||||||||||||||||||||||
Deferred interest and allowance for credit losses includes the long-term portion of deferred interest of $64 million as of June 30, 2014 and December 31, 2013, respectively. |
Fair_Value_Measurements_and_De
Fair Value Measurements and Derivative Instruments | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Fair Value Measurements and Derivative Instruments | ' | |||||||||||||||||
Note 4 – Fair Value Measurements and Derivative Instruments | ||||||||||||||||||
Derivative Financial Instruments | ||||||||||||||||||
Embedded Derivatives | ||||||||||||||||||
In connection with the business combination with MetroPCS, T-Mobile issued senior reset notes to Deutsche Telekom. The interest rates are adjusted at the reset dates to rates defined in the applicable supplemental indentures to manage interest rate risk related to the senior reset notes. The Company determined certain components of the reset feature are required to be bifurcated from the senior reset notes and separately accounted for as embedded derivative instruments not designated as hedges. T-Mobile held five embedded derivatives as of June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||||
The embedded derivatives are carried at fair value with unrealized gains and losses from changes in fair value included in interest expense to affiliates. The fair value of the embedded derivatives was determined using a lattice-based valuation model by determining the fair value of the senior reset notes with and without the embedded derivatives included. The fair value of the senior reset notes with the embedded derivatives utilizes the contractual term of each senior reset note, reset rates calculated based on the spread between specified yield curves and the yield curve on T-Mobile long-term debt adjusted pursuant to the applicable supplemental indentures, and interest rate volatility. Interest rate volatility is a significant unobservable input (Level 3) as it is derived based on weighted risk-free rate volatility and credit spread volatility. Significant increases or decreases in the weighting of risk-free volatility and credit spread volatility, in isolation, would result in a higher or lower fair value of the embedded derivatives. The embedded derivatives were classified as Level 3 in the fair value hierarchy. | ||||||||||||||||||
Interest Rate Swaps | ||||||||||||||||||
Prior to the closing of the business combination with MetroPCS, T-Mobile managed interest rate risk related to its long-term debt to affiliates by entering into interest rate swap agreements. T-Mobile held seven interest rate swaps with a total notional amount of $3.6 billion as of December 31, 2012. These interest rate swap agreements were not designated as hedging instruments. | ||||||||||||||||||
In April 2013, prior to the closing of the business combination with MetroPCS, Deutsche Telekom recapitalized T-Mobile by retiring the existing T-Mobile long-term debt to affiliates and all related derivative instruments, which included the interest rate swaps. The related balance in accumulated other comprehensive income (“AOCI”) was reclassified into net income (loss). As of June 30, 2014 and December 31, 2013, there were no outstanding interest rate swaps. | ||||||||||||||||||
Cross Currency Interest Rate Swaps | ||||||||||||||||||
Prior to the closing of the business combination with MetroPCS, T-Mobile managed foreign currency risk along with interest rate risk through cross currency interest rate swap agreements related to its intercompany Euro denominated long-term debt to affiliates, which were entered into upon assumption of the notes to fix the future interest and principal payments in U.S. dollars, as well as to mitigate the impact of foreign currency transaction gains or losses over the terms of the long-term debt to affiliates extending to 2025. T-Mobile had three cross currency interest rate swaps with a total notional amount of $2.3 billion as of December 31, 2012. These cross currency interest rate swaps were designated as cash flow hedges and met the criteria for hedge accounting. The hedges were evaluated as highly effective prior to the closing of the business combination with MetroPCS, thus no gains (losses) were recognized due to hedge ineffectiveness. | ||||||||||||||||||
In April 2013, prior to the closing of the business combination with MetroPCS, Deutsche Telekom recapitalized T-Mobile by retiring the existing T-Mobile long-term debt to affiliates and all related derivative instruments, which included cross currency interest rate swaps. The related balance in AOCI was reclassified into net income (loss). As of June 30, 2014 and December 31, 2013, there were no outstanding cross currency interest rate swaps. | ||||||||||||||||||
Fair values of derivative instruments measured on a recurring basis by level were as follows: | ||||||||||||||||||
Balance Sheet Location | June 30, 2014 | |||||||||||||||||
(in millions) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Embedded derivatives | Other current assets | $ | — | $ | — | $ | 14 | $ | 14 | |||||||||
Embedded derivatives | Other assets | — | — | 27 | 27 | |||||||||||||
Balance Sheet Location | December 31, 2013 | |||||||||||||||||
(in millions) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Embedded derivatives | Other long-term liabilities | $ | — | $ | — | $ | 13 | $ | 13 | |||||||||
The following table summarizes the activity related to derivatives instruments: | ||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||
Gain (loss) recognized in other comprehensive loss: | ||||||||||||||||||
Cross currency interest rate swaps | $ | — | $ | 57 | $ | — | $ | (17 | ) | |||||||||
Gain (loss) recognized in interest expense to affiliates: | ||||||||||||||||||
Embedded derivatives | (7 | ) | (5 | ) | 54 | (5 | ) | |||||||||||
Interest rate swaps | — | 6 | — | 8 | ||||||||||||||
Cross currency interest rate swaps | — | 48 | — | 53 | ||||||||||||||
Long-term Debt | ||||||||||||||||||
The fair value of the Company’s long-term debt to affiliates was determined based on a discounted cash flow approach which considers the future cash flows discounted at current rates. The approach includes an estimate for the stand-alone credit risk of T-Mobile. The Company’s long-term debt to affiliates were classified as Level 2 in the fair value hierarchy. The fair value of the Company’s long-term debt to third parties was determined based on quoted market prices in active markets, and therefore are classified as Level 1 in the fair value hierarchy. | ||||||||||||||||||
The carrying amounts and fair values of the Company’s long-term debt were as follows: | ||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||
(in millions) | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Long-term debt to affiliates | $ | 5,600 | $ | 6,025 | $ | 5,600 | $ | 5,866 | ||||||||||
Long-term debt to third parties principal, excluding capital leases | 13,600 | 14,597 | 13,600 | 14,251 | ||||||||||||||
Although the Company has determined the estimated fair value amounts using available market information and commonly accepted valuation methodologies, considerable judgment is required in interpreting market data to develop fair value estimates for the long-term debt. The fair value estimates are based on information available as of June 30, 2014 and December 31, 2013. As such, the Company’s estimates are not necessarily indicative of the amount that the Company could realize in a current market exchange. |
Commitments_and_Contingencies
Commitments and Contingencies | 6 Months Ended | |||
Jun. 30, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Commitments and Contingencies | ' | |||
Note 5 – Commitments and Contingencies | ||||
Purchase Commitments | ||||
T-Mobile has commitments to purchase handsets, network services, equipment, software, marketing sponsorship agreements and other items in the ordinary course of business, with various terms through 2018. These amounts are not reflective of the Company’s entire anticipated purchases under the related agreements, but are determined based on the non-cancelable quantities or termination amounts to which the Company was contractually obligated. During the second quarter of 2014, T-Mobile entered into significant new commitments for the purchase of network services, equipment and software. | ||||
Future minimum payments for non-cancelable purchase commitments, excluding non-dedicated transportation lines, are summarized below: | ||||
(in millions) | Purchase Commitments | |||
Twelve Months Ending June 30, | ||||
2015 | $ | 1,389 | ||
2016 | 1,691 | |||
2017 | 1,257 | |||
2018 | 24 | |||
2019 | 2 | |||
Thereafter | — | |||
Total | $ | 4,363 | ||
Guarantee Liabilities | ||||
T-Mobile offers a handset upgrade program, Just Upgrade My Phone (“JUMP!”), that provides eligible customers a specified-price trade-in right to upgrade their handset. Participating customers must finance their handset using an EIP. Upon upgrading, the customer will receive a credit for up to 50% of their initially financed EIP balance provided they trade in their eligible used handset in good working condition and purchase a new handset from T-Mobile. | ||||
For customers who enroll in the trade-in programs, the Company defers the portion of equipment sales revenue which represents the estimated value of the specified-price trade-in right guarantee. The guarantee liabilities are valued based on various economic and customer behavioral assumptions, including the customer's estimated remaining EIP balance at trade-in, the expected fair value of the used handset at trade-in, and the probability and timing of trade-in. When the customer upgrades their handset, the difference between the trade-in credit to the customer and the fair value of the returned handset is recorded against the guarantee liabilities. Guarantee liabilities included in other current liabilities were $298 million and $191 million as of June 30, 2014 and December 31, 2013, respectively. The estimated EIP receivable balance if all enrolled handset upgrade program customers were to claim their benefit, not including any trade-in value of the required used handset, was $2.1 billion as of June 30, 2014. This is not an indication of the Company’s expected loss exposure because it does not consider the expected fair value of the used handset, which is required to be in good working condition at trade-in, nor does it consider the probability and timing of trade-in. | ||||
Contingencies and Litigation | ||||
T-Mobile is involved in various lawsuits, regulatory proceedings, and other similar matters, including class actions and intellectual property claims, including patent infringement claims, that arise in the ordinary course of business. Specifically, T-Mobile faces actual and potential litigation and other legal and regulatory proceedings that challenge customer billing and other business practices, and seek awards of damages, restitution, injunctive relief, and/or penalties. T-Mobile has established an accrual with respect to certain of these matters, where appropriate, which is reflected in the condensed consolidated financial statements but that T-Mobile does not consider, individually or in the aggregate, significant. An accrual is established when T-Mobile believes it is both probable that a loss has been incurred and an amount can be reasonably estimated. For other matters, where the Company has not determined that a loss is probable or because the amount of loss cannot be reasonably estimated, the Company has not recorded an accrual due to various factors typical in contested proceedings, including but not limited to: uncertainty concerning legal theories and their resolution by courts or regulators; uncertain damage theories and demands; and a less than fully developed factual record. While T-Mobile does not expect that the ultimate resolution of these proceedings, individually or in the aggregate, including the Federal Trade Commission (“FTC”) litigation and related matters described below, will have a material adverse effect on the Company’s financial position, an unfavorable outcome of some or all of these proceedings could have a material adverse impact on results of operations or cash flows for a particular period. This assessment is based on T-Mobile’s current understanding of relevant facts and circumstances. As such, T-Mobile’s view of these matters is subject to inherent uncertainties and may change in the future. | ||||
As T-Mobile has previously disclosed, state Attorneys General and other government agencies have engaged in investigations and inquiries regarding third-party billing, a practice sometimes referred to as “cramming”, and are seeking restitution and changes in business practices. In particular, these investigations and inquiries have focused on alleged unauthorized billing for premium Short Message Service (“SMS”) content. Premium SMS content was provided to customers by third parties that sent text alerts on topics of interest, such as weather and sports scores, and ringtones. T-Mobile, along with the other major wireless carriers, stopped billing for these services in late 2013. In June 2014, T-Mobile announced a comprehensive refund program, under which T-Mobile will notify current and former customers who paid for premium SMS content and have not already received a refund how to request a summary of these charges and a refund for those charges customers assert to have been unauthorized. T-Mobile recognized the estimated cost of the refund program as a reduction to service revenues during the second quarter of 2014. | ||||
On July 1, 2014, the FTC filed a lawsuit alleging that T-Mobile allowed third-party merchants to include unauthorized premium SMS content charges on customer bills, and seeking restitution and changes in business practices (Federal Trade Commission v. T-Mobile USA, Inc., Case No. 2:14-cv-00967-JLR, W.D. Washington). This complaint does not seek a specified sum as monetary relief. In addition, the Federal Communications Commission (“FCC”) and other government agencies have begun investigations and inquiries regarding billing for premium SMS content. Although it is reasonably possible that T-Mobile may incur losses relating to the alleged unauthorized billing of customers for premium SMS content in excess of the amount already recognized in connection with the comprehensive refund program described above, T-Mobile cannot reasonably estimate the amount of the possible loss or the range of loss, if any, which may result from these matters given the procedural status of the disputes, the legal issues presented, T-Mobile’s legal and factual defenses, the inherent difficulty in predicting the potential for or amount of regulatory fines and penalties, and the various remedies and levels of judicial review available to T-Mobile in the event a monetary award, fine or penalty is assessed. T-Mobile is vigorously defending these proceedings. |
Additional_Financial_Informati
Additional Financial Information | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Additional Financial Information [Abstract] | ' | |||||||||||||||
Additional Financial Information | ' | |||||||||||||||
Note 6 – Additional Financial Information | ||||||||||||||||
Supplemental Balance Sheet Information | ||||||||||||||||
Cash and Cash Equivalents | ||||||||||||||||
T-Mobile is required to restrict cash equivalents as collateral for certain agreements. Restricted cash equivalents included in other current assets were $100 million as of June 30, 2014 and December 31, 2013, respectively. | ||||||||||||||||
Accumulated Other Comprehensive Income | ||||||||||||||||
There were no significant effects on net income (loss) of amounts reclassified from AOCI for the three and six months ended June 30, 2014. | ||||||||||||||||
The following table presents the effects on net income (loss) of amounts reclassified from AOCI (in millions): | ||||||||||||||||
Amount Reclassified from AOCI to Income | ||||||||||||||||
AOCI Component | Location | Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||
Cross Currency Interest Rate Swaps | Interest expense to affiliates | $ | (48 | ) | $ | (53 | ) | |||||||||
Income tax effect | 18 | 20 | ||||||||||||||
Net of tax | (30 | ) | (33 | ) | ||||||||||||
Foreign Currency Translation | Other income, net | 166 | 166 | |||||||||||||
Income tax effect | (62 | ) | (62 | ) | ||||||||||||
Net of tax | 104 | 104 | ||||||||||||||
Total reclassifications, net of tax | $ | 74 | $ | 71 | ||||||||||||
Supplemental Statements of Comprehensive Income (Loss) Information | ||||||||||||||||
Earnings (Loss) Per Share | ||||||||||||||||
The computation of basic and diluted earnings (loss) per share was as follows: | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
(in millions, except shares and per share amounts) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Basic and Diluted Earnings (Loss) Per Share: | ||||||||||||||||
Net income (loss) | $ | 391 | $ | (16 | ) | $ | 240 | $ | 91 | |||||||
Weighted average shares outstanding - basic | 803,923,913 | 664,603,682 | 803,226,194 | 600,302,111 | ||||||||||||
Dilutive effect of outstanding stock options and awards | 9,632,224 | — | 9,676,941 | 1,392,800 | ||||||||||||
Weighted average shares outstanding - diluted | 813,556,137 | 664,603,682 | 812,903,135 | 601,694,911 | ||||||||||||
Earnings (loss) per share - basic | $ | 0.49 | $ | (0.02 | ) | $ | 0.3 | $ | 0.15 | |||||||
Earnings (loss) per share - diluted | 0.48 | (0.02 | ) | 0.3 | 0.15 | |||||||||||
Potentially dilutive securities were not included in the computation of diluted earnings (loss) per share for certain periods if to do so would have been antidilutive. For the three months ended June 30, 2014, potentially dilutive outstanding stock options of 1,631,748 and unvested stock awards of 65,108 as of June 30, 2014 were excluded. As the Company incurred a net loss for the three months ended June 30, 2013, all outstanding stock options of 11,319,269 and unvested stock awards of 22,911,491 as of June 30, 2013 were excluded. For the six months ended June 30, 2014 and 2013, potentially dilutive outstanding stock options of 1,631,748 and 8,460,878 and unvested stock awards of 87,816 and 22,911,491 as of June 30, 2014 and 2013, respectively, were excluded. Unvested performance stock units were based on the number of shares ultimately expected to vest based on T-Mobile’s business performance against the specified performance goal. | ||||||||||||||||
Supplemental Statements of Cash Flows Information | ||||||||||||||||
The following table summarizes T-Mobile’s supplemental cash flows information: | ||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||
(in millions) | 2014 | 2013 | ||||||||||||||
Interest and income tax payments: | ||||||||||||||||
Interest payments | $ | 639 | $ | 583 | ||||||||||||
Income tax payments | 23 | 14 | ||||||||||||||
Noncash investing and financing activities: | ||||||||||||||||
Increase in accounts payable for purchases of property and equipment | 56 | 173 | ||||||||||||||
Short-term debt outstanding for financing of property and equipment purchases | 250 | 193 | ||||||||||||||
Retirement of long-term debt to affiliates | — | 14,450 | ||||||||||||||
Elimination of net unamortized discounts and premiums on long-term debt to affiliates | — | 434 | ||||||||||||||
Issuance of new long-term debt to affiliates | — | 11,200 | ||||||||||||||
Settlement of accounts receivable from affiliates and other outstanding balances | — | 363 | ||||||||||||||
Income tax benefit from debt recapitalization | — | 178 | ||||||||||||||
Net assets acquired in MetroPCS business combination, excluding cash acquired | — | 827 | ||||||||||||||
Guarantor_Financial_Informatio
Guarantor Financial Information | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Guarantor Financial Information | ' | |||||||||||||||||||||||
Note 7 – Guarantor Financial Information | ||||||||||||||||||||||||
Pursuant to the applicable indentures and supplemental indentures, the long-term debt, excluding capital leases, issued by T-Mobile USA (“Issuer”) is fully and unconditionally guaranteed, jointly and severally, on a senior unsecured basis by T-Mobile (“Parent”) and certain of the Issuer’s wholly owned subsidiaries (“Guarantor Subsidiaries”). The guarantees of the Guarantor Subsidiaries are subject to release in limited circumstances only upon the occurrence of certain customary conditions. The indentures governing the long-term debt contain covenants that, among other things, limit the ability of the Issuer and the Guarantor Subsidiaries to: incur more debt; pay dividends and make distributions; make certain investments; repurchase stock; create liens or other encumbrances; enter into transactions with affiliates; enter into transactions that restrict dividends or distributions from subsidiaries; and merge, consolidate, or sell, or otherwise dispose of, substantially all of their assets. Certain provisions of each of the indentures and the supplemental indentures relating to the long-term debt restrict the ability of the Issuer to loan funds or make payments to Parent. However, the Issuer and Guarantor Subsidiaries are allowed to make certain permitted payments to the Parent under the terms of the indentures and the supplemental indentures. | ||||||||||||||||||||||||
In February 2014, T-Mobile entered into a factoring arrangement to sell certain service accounts receivable on a revolving basis. In connection with the factoring arrangement, the Company formed the Factoring SPE, which is included in the Non-Guarantor Subsidiaries condensed consolidating financial information. See Note 2 – Acquisitions and Other Transactions for further information regarding the factoring arrangement. | ||||||||||||||||||||||||
In April 2014, Parent contributed $1.7 billion of cash to the Issuer in connection with the Verizon 700 MHz A-Block spectrum license acquisition. The transaction was recorded as an equity contribution and reflected in investments in subsidiaries, net on the Parent’s condensed consolidating balance sheet information. In addition, the contribution was presented as an investing activity from the Parent to the Issuer in the condensed consolidating statement of cash flows information. | ||||||||||||||||||||||||
Presented below is the condensed consolidating financial information as of June 30, 2014 and December 31, 2013 and for the three and six months ended June 30, 2014 and 2013, respectively. As the business combination was treated as a “reverse acquisition” and the Issuer was treated as the accounting acquirer, the Issuer’s historical financial statements are the historical financial statements of Parent for comparative purposes. As a result the Parent column only reflects activity in the condensed consolidating financial statements presented below for periods subsequent to the consummation of the business combination on April 30, 2013. The equity method of accounting is used to account for ownership interests in subsidiaries, where applicable. | ||||||||||||||||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
As of June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 1,288 | $ | 1,500 | $ | 61 | $ | 231 | $ | — | $ | 3,080 | ||||||||||||
Accounts receivable, net | — | — | 3,782 | 157 | — | 3,939 | ||||||||||||||||||
Accounts receivable from affiliates | — | — | 87 | — | — | 87 | ||||||||||||||||||
Inventory | — | — | 791 | — | — | 791 | ||||||||||||||||||
Current portion of deferred tax assets, net | — | — | 805 | 15 | — | 820 | ||||||||||||||||||
Other current assets | — | 14 | 909 | 256 | — | 1,179 | ||||||||||||||||||
Total current assets | 1,288 | 1,514 | 6,435 | 659 | — | 9,896 | ||||||||||||||||||
Property and equipment, net of accumulated depreciation | — | — | 14,982 | 555 | — | 15,537 | ||||||||||||||||||
Goodwill | — | — | 1,683 | — | — | 1,683 | ||||||||||||||||||
Spectrum licenses | — | — | 21,828 | — | — | 21,828 | ||||||||||||||||||
Other intangible assets, net of accumulated amortization | — | — | 1,040 | — | — | 1,040 | ||||||||||||||||||
Investments in subsidiaries, net | 13,455 | 29,942 | 112 | — | (43,509 | ) | — | |||||||||||||||||
Intercompany receivables | — | 2,172 | — | — | (2,172 | ) | — | |||||||||||||||||
Other assets | 2 | 50 | 1,618 | 82 | (72 | ) | 1,680 | |||||||||||||||||
Total assets | $ | 14,745 | $ | 33,678 | $ | 47,698 | $ | 1,296 | $ | (45,753 | ) | $ | 51,664 | |||||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | — | $ | 334 | $ | 4,907 | $ | 314 | $ | — | $ | 5,555 | ||||||||||||
Current payables and short-term debt to affiliates | — | 56 | 180 | — | — | 236 | ||||||||||||||||||
Short-term debt | — | 250 | 22 | — | — | 272 | ||||||||||||||||||
Deferred revenue | — | — | 447 | — | — | 447 | ||||||||||||||||||
Other current liabilities | — | — | 598 | 23 | — | 621 | ||||||||||||||||||
Total current liabilities | — | 640 | 6,154 | 337 | — | 7,131 | ||||||||||||||||||
Long-term debt to affiliates | — | 5,600 | — | — | — | 5,600 | ||||||||||||||||||
Long-term debt | — | 13,983 | 386 | — | — | 14,369 | ||||||||||||||||||
Long-term financial obligation | — | — | 367 | 2,135 | — | 2,502 | ||||||||||||||||||
Deferred tax liabilities | — | — | 4,829 | — | (72 | ) | 4,757 | |||||||||||||||||
Deferred rents | — | — | 2,237 | — | — | 2,237 | ||||||||||||||||||
Negative carrying value of subsidiaries, net | — | — | 804 | — | (804 | ) | — | |||||||||||||||||
Intercompany payables | 182 | — | 1,929 | 61 | (2,172 | ) | — | |||||||||||||||||
Other long-term liabilities | — | — | 505 | — | — | 505 | ||||||||||||||||||
Total long-term liabilities | 182 | 19,583 | 11,057 | 2,196 | (3,048 | ) | 29,970 | |||||||||||||||||
Total stockholders' equity | 14,563 | 13,455 | 30,487 | (1,237 | ) | (42,705 | ) | 14,563 | ||||||||||||||||
Total liabilities and stockholders' equity | $ | 14,745 | $ | 33,678 | $ | 47,698 | $ | 1,296 | $ | (45,753 | ) | $ | 51,664 | |||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 2,960 | $ | 2,698 | $ | 57 | $ | 176 | $ | — | $ | 5,891 | ||||||||||||
Accounts receivable, net | — | — | 3,541 | 78 | — | 3,619 | ||||||||||||||||||
Accounts receivable from affiliates | — | — | 41 | — | — | 41 | ||||||||||||||||||
Inventory | — | — | 586 | — | — | 586 | ||||||||||||||||||
Current portion of deferred tax assets, net | — | — | 824 | 15 | — | 839 | ||||||||||||||||||
Other current assets | — | — | 1,250 | 2 | — | 1,252 | ||||||||||||||||||
Total current assets | 2,960 | 2,698 | 6,299 | 271 | — | 12,228 | ||||||||||||||||||
Property and equipment, net of accumulated depreciation | — | — | 14,754 | 595 | — | 15,349 | ||||||||||||||||||
Goodwill | — | — | 1,683 | — | — | 1,683 | ||||||||||||||||||
Spectrum licenses | — | — | 18,122 | — | — | 18,122 | ||||||||||||||||||
Other intangible assets, net of accumulated amortization | — | — | 1,204 | — | — | 1,204 | ||||||||||||||||||
Investments in subsidiaries, net | 11,484 | 29,123 | — | — | (40,607 | ) | — | |||||||||||||||||
Intercompany receivables | — | — | 418 | — | (418 | ) | — | |||||||||||||||||
Other assets | 2 | 24 | 1,292 | 93 | (44 | ) | 1,367 | |||||||||||||||||
Total assets | $ | 14,446 | $ | 31,845 | $ | 43,772 | $ | 959 | $ | (41,069 | ) | $ | 49,953 | |||||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | — | $ | 273 | $ | 4,218 | $ | 76 | $ | — | $ | 4,567 | ||||||||||||
Current payables and short-term debt to affiliates | — | 56 | 143 | — | — | 199 | ||||||||||||||||||
Short-term debt | — | 226 | 18 | — | — | 244 | ||||||||||||||||||
Deferred revenue | — | — | 445 | — | — | 445 | ||||||||||||||||||
Other current liabilities | — | — | 313 | 40 | — | 353 | ||||||||||||||||||
Total current liabilities | — | 555 | 5,137 | 116 | — | 5,808 | ||||||||||||||||||
Long-term debt to affiliates | — | 5,600 | — | — | — | 5,600 | ||||||||||||||||||
Long-term debt | — | 14,010 | 335 | — | — | 14,345 | ||||||||||||||||||
Long-term financial obligation | — | — | 365 | 2,131 | — | 2,496 | ||||||||||||||||||
Deferred tax liabilities | — | — | 4,689 | — | (44 | ) | 4,645 | |||||||||||||||||
Deferred rents | — | — | 2,113 | — | — | 2,113 | ||||||||||||||||||
Negative carrying value of subsidiaries, net | — | — | 779 | — | (779 | ) | — | |||||||||||||||||
Intercompany payables | 201 | 183 | — | 34 | (418 | ) | — | |||||||||||||||||
Other long-term liabilities | — | 13 | 688 | — | — | 701 | ||||||||||||||||||
Total long-term liabilities | 201 | 19,806 | 8,969 | 2,165 | (1,241 | ) | 29,900 | |||||||||||||||||
Total stockholders' equity | 14,245 | 11,484 | 29,666 | (1,322 | ) | (39,828 | ) | 14,245 | ||||||||||||||||
Total liabilities and stockholders' equity | $ | 14,446 | $ | 31,845 | $ | 43,772 | $ | 959 | $ | (41,069 | ) | $ | 49,953 | |||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 5,259 | $ | 323 | $ | (98 | ) | $ | 5,484 | |||||||||||
Equipment sales | — | — | 1,768 | — | (168 | ) | 1,600 | |||||||||||||||||
Other revenues | — | — | 70 | 34 | (3 | ) | 101 | |||||||||||||||||
Total revenues | — | — | 7,097 | 357 | (269 | ) | 7,185 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 1,447 | 6 | — | 1,453 | ||||||||||||||||||
Cost of equipment sales | — | — | 2,188 | 207 | (180 | ) | 2,215 | |||||||||||||||||
Selling, general and administrative | — | — | 2,116 | 124 | (89 | ) | 2,151 | |||||||||||||||||
Depreciation and amortization | — | — | 1,108 | 21 | — | 1,129 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 22 | — | — | 22 | ||||||||||||||||||
Restructuring costs | — | — | — | — | — | — | ||||||||||||||||||
Other, net | — | — | (747 | ) | — | — | (747 | ) | ||||||||||||||||
Total operating expenses | — | — | 6,134 | 358 | (269 | ) | 6,223 | |||||||||||||||||
Operating income (loss) | — | — | 963 | (1 | ) | — | 962 | |||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (85 | ) | — | — | — | (85 | ) | ||||||||||||||||
Interest expense | — | (212 | ) | (15 | ) | (44 | ) | — | (271 | ) | ||||||||||||||
Interest income | — | — | 83 | — | — | 83 | ||||||||||||||||||
Other income (expense), net | — | (14 | ) | 2 | — | — | (12 | ) | ||||||||||||||||
Total other income (expense), net | — | (311 | ) | 70 | (44 | ) | — | (285 | ) | |||||||||||||||
Income (loss) before income taxes | — | (311 | ) | 1,033 | (45 | ) | — | 677 | ||||||||||||||||
Income tax expense (benefit) | — | — | 306 | (20 | ) | — | 286 | |||||||||||||||||
Earnings (loss) of subsidiaries | 391 | 702 | (12 | ) | — | (1,081 | ) | — | ||||||||||||||||
Net income (loss) | 391 | 391 | 715 | (25 | ) | (1,081 | ) | 391 | ||||||||||||||||
Other comprehensive loss, net of tax | — | — | — | — | — | — | ||||||||||||||||||
Total comprehensive income (loss) | $ | 391 | $ | 391 | $ | 715 | $ | (25 | ) | $ | (1,081 | ) | $ | 391 | ||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Three Months Ended June 30, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 4,591 | $ | 191 | $ | (26 | ) | $ | 4,756 | |||||||||||
Equipment sales | — | — | 1,542 | — | (163 | ) | 1,379 | |||||||||||||||||
Other revenues | — | — | 85 | 44 | (36 | ) | 93 | |||||||||||||||||
Total revenues | — | — | 6,218 | 235 | (225 | ) | 6,228 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 1,342 | 21 | (36 | ) | 1,327 | |||||||||||||||||
Cost of equipment sales | — | — | 1,994 | 122 | (180 | ) | 1,936 | |||||||||||||||||
Selling, general and administrative | — | — | 1,821 | 35 | (9 | ) | 1,847 | |||||||||||||||||
Depreciation and amortization | — | — | 867 | 21 | — | 888 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 26 | — | — | 26 | ||||||||||||||||||
Restructuring costs | — | — | 23 | — | — | 23 | ||||||||||||||||||
Total operating expenses | — | — | 6,073 | 199 | (225 | ) | 6,047 | |||||||||||||||||
Operating income | — | — | 145 | 36 | — | 181 | ||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (225 | ) | — | — | — | (225 | ) | ||||||||||||||||
Interest expense | — | (53 | ) | (13 | ) | (43 | ) | — | (109 | ) | ||||||||||||||
Interest income | — | — | 40 | — | — | 40 | ||||||||||||||||||
Other income (expense), net | — | 120 | (2 | ) | — | — | 118 | |||||||||||||||||
Total other income (expense), net | — | (158 | ) | 25 | (43 | ) | — | (176 | ) | |||||||||||||||
Income (loss) before income taxes | — | (158 | ) | 170 | (7 | ) | — | 5 | ||||||||||||||||
Income tax expense (benefit) | — | — | 28 | (7 | ) | — | 21 | |||||||||||||||||
Earnings (loss) of subsidiaries | (47 | ) | 142 | (15 | ) | — | (80 | ) | — | |||||||||||||||
Net income (loss) | (47 | ) | (16 | ) | 127 | — | (80 | ) | (16 | ) | ||||||||||||||
Other comprehensive income (loss), net of tax | — | (38 | ) | 23 | — | (23 | ) | (38 | ) | |||||||||||||||
Total comprehensive income (loss) | $ | (47 | ) | $ | (54 | ) | $ | 150 | $ | — | $ | (103 | ) | $ | (54 | ) | ||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 10,409 | $ | 588 | $ | (176 | ) | $ | 10,821 | |||||||||||
Equipment sales | — | — | 3,365 | — | (317 | ) | 3,048 | |||||||||||||||||
Other revenues | — | — | 128 | 68 | (5 | ) | 191 | |||||||||||||||||
Total revenues | — | — | 13,902 | 656 | (498 | ) | 14,060 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 2,907 | 10 | — | 2,917 | ||||||||||||||||||
Cost of equipment sales | — | — | 4,501 | 345 | (345 | ) | 4,501 | |||||||||||||||||
Selling, general and administrative | — | — | 4,176 | 224 | (153 | ) | 4,247 | |||||||||||||||||
Depreciation and amortization | — | — | 2,143 | 41 | — | 2,184 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 34 | — | — | 34 | ||||||||||||||||||
Other, net | — | — | (757 | ) | — | — | (757 | ) | ||||||||||||||||
Total operating expenses | — | — | 13,004 | 620 | (498 | ) | 13,126 | |||||||||||||||||
Operating income | — | — | 898 | 36 | — | 934 | ||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (103 | ) | — | — | — | (103 | ) | ||||||||||||||||
Interest expense | — | (426 | ) | (33 | ) | (88 | ) | — | (547 | ) | ||||||||||||||
Interest income | — | — | 158 | — | — | 158 | ||||||||||||||||||
Other income (expense), net | — | (22 | ) | 4 | — | — | (18 | ) | ||||||||||||||||
Total other income (expense), net | — | (551 | ) | 129 | (88 | ) | — | (510 | ) | |||||||||||||||
Income (loss) before income taxes | — | (551 | ) | 1,027 | (52 | ) | — | 424 | ||||||||||||||||
Income tax expense (benefit) | — | — | 206 | (22 | ) | — | 184 | |||||||||||||||||
Earnings (loss) of subsidiaries | 240 | 791 | (27 | ) | — | (1,004 | ) | — | ||||||||||||||||
Net income (loss) | 240 | 240 | 794 | (30 | ) | (1,004 | ) | 240 | ||||||||||||||||
Other comprehensive loss, net of tax | (3 | ) | (3 | ) | (3 | ) | — | 6 | (3 | ) | ||||||||||||||
Total comprehensive income (loss) | $ | 237 | $ | 237 | $ | 791 | $ | (30 | ) | $ | (998 | ) | $ | 237 | ||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 8,447 | $ | 367 | $ | (52 | ) | $ | 8,762 | |||||||||||
Equipment sales | — | — | 2,308 | — | (324 | ) | 1,984 | |||||||||||||||||
Other revenues | — | — | 141 | 86 | (68 | ) | 159 | |||||||||||||||||
Total revenues | — | — | 10,896 | 453 | (444 | ) | 10,905 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 2,464 | 40 | (68 | ) | 2,436 | |||||||||||||||||
Cost of equipment sales | — | — | 2,926 | 251 | (355 | ) | 2,822 | |||||||||||||||||
Selling, general and administrative | — | — | 3,303 | 71 | (21 | ) | 3,353 | |||||||||||||||||
Depreciation and amortization | — | — | 1,602 | 41 | — | 1,643 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 39 | — | — | 39 | ||||||||||||||||||
Restructuring costs | — | — | 54 | — | — | 54 | ||||||||||||||||||
Other, net | — | — | (2 | ) | — | — | (2 | ) | ||||||||||||||||
Total operating expenses | — | — | 10,386 | 403 | (444 | ) | 10,345 | |||||||||||||||||
Operating income | — | — | 510 | 50 | — | 560 | ||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (403 | ) | — | — | — | (403 | ) | ||||||||||||||||
Interest expense | — | (54 | ) | (20 | ) | (86 | ) | — | (160 | ) | ||||||||||||||
Interest income | — | — | 75 | — | — | 75 | ||||||||||||||||||
Other income (expense), net | — | 114 | (2 | ) | — | — | 112 | |||||||||||||||||
Total other income (expense), net | — | (343 | ) | 53 | (86 | ) | — | (376 | ) | |||||||||||||||
Income (loss) before income taxes | — | (343 | ) | 563 | (36 | ) | — | 184 | ||||||||||||||||
Income tax expense (benefit) | — | — | 109 | (16 | ) | — | 93 | |||||||||||||||||
Earnings (loss) of subsidiaries | (47 | ) | 434 | (29 | ) | — | (358 | ) | — | |||||||||||||||
Net income (loss) | (47 | ) | 91 | 425 | (20 | ) | (358 | ) | 91 | |||||||||||||||
Other comprehensive income (loss), net of tax | — | (39 | ) | 24 | — | (24 | ) | (39 | ) | |||||||||||||||
Total comprehensive income (loss) | $ | (47 | ) | $ | 52 | $ | 449 | $ | (20 | ) | $ | (382 | ) | $ | 52 | |||||||||
Condensed Consolidating Statement of Cash Flows Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Operating activities | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 5 | $ | (2,898 | ) | $ | 4,567 | $ | 55 | $ | — | $ | 1,729 | |||||||||||
Investing activities | ||||||||||||||||||||||||
Purchases of property and equipment | — | — | (1,887 | ) | — | — | (1,887 | ) | ||||||||||||||||
Purchases of spectrum licenses and other intangible assets | — | — | (2,367 | ) | — | — | (2,367 | ) | ||||||||||||||||
Investment in subsidiaries | (1,700 | ) | — | — | — | 1,700 | — | |||||||||||||||||
Investments in unconsolidated affiliates, net | — | — | (20 | ) | — | — | (20 | ) | ||||||||||||||||
Other, net | — | — | (1 | ) | — | — | (1 | ) | ||||||||||||||||
Net cash used in investing activities | (1,700 | ) | — | (4,275 | ) | — | 1,700 | (4,275 | ) | |||||||||||||||
Financing activities | ||||||||||||||||||||||||
Proceeds from capital contribution | — | 1,700 | — | — | (1,700 | ) | — | |||||||||||||||||
Repayments of short-term debt for purchases of property and equipment | — | — | (231 | ) | — | — | (231 | ) | ||||||||||||||||
Taxes paid related to net share settlement of stock awards | — | — | (72 | ) | — | — | (72 | ) | ||||||||||||||||
Excess tax benefit from stock-based compensation | — | — | 33 | — | — | 33 | ||||||||||||||||||
Proceeds from exercise of stock options | 23 | — | — | — | — | 23 | ||||||||||||||||||
Other, net | — | — | (18 | ) | — | — | (18 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 23 | 1,700 | (288 | ) | — | (1,700 | ) | (265 | ) | |||||||||||||||
Change in cash and cash equivalents | (1,672 | ) | (1,198 | ) | 4 | 55 | — | (2,811 | ) | |||||||||||||||
Cash and cash equivalents | ||||||||||||||||||||||||
Beginning of period | 2,960 | 2,698 | 57 | 176 | — | 5,891 | ||||||||||||||||||
End of period | $ | 1,288 | $ | 1,500 | $ | 61 | $ | 231 | $ | — | $ | 3,080 | ||||||||||||
Condensed Consolidating Statement of Cash Flows Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Operating activities | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 298 | $ | (386 | ) | $ | 1,769 | $ | 34 | $ | — | $ | 1,715 | |||||||||||
Investing activities | ||||||||||||||||||||||||
Purchases of property and equipment | — | — | (2,126 | ) | — | — | (2,126 | ) | ||||||||||||||||
Purchases of spectrum licenses and other intangible assets | — | — | (51 | ) | — | — | (51 | ) | ||||||||||||||||
Short term affiliate loan receivable, net | — | — | 300 | — | — | 300 | ||||||||||||||||||
Cash and cash equivalents acquired in MetroPCS business combination | 737 | 1,407 | — | — | — | 2,144 | ||||||||||||||||||
Other, net | — | — | (5 | ) | — | — | (5 | ) | ||||||||||||||||
Net cash provided by (used in) investing activities | 737 | 1,407 | (1,882 | ) | — | — | 262 | |||||||||||||||||
Financing activities | ||||||||||||||||||||||||
Repayments related to a variable interest entity | — | — | (40 | ) | — | — | (40 | ) | ||||||||||||||||
Distribution to affiliate | — | — | (41 | ) | — | — | (41 | ) | ||||||||||||||||
Excess tax benefit from stock-based compensation | — | — | 3 | — | — | 3 | ||||||||||||||||||
Proceeds from exercise of stock options | 72 | — | — | — | — | 72 | ||||||||||||||||||
Other, net | — | — | (3 | ) | — | — | (3 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 72 | — | (81 | ) | — | — | (9 | ) | ||||||||||||||||
Change in cash and cash equivalents | 1,107 | 1,021 | (194 | ) | 34 | — | 1,968 | |||||||||||||||||
Cash and cash equivalents | ||||||||||||||||||||||||
Beginning of period | — | — | 287 | 107 | — | 394 | ||||||||||||||||||
End of period | $ | 1,107 | $ | 1,021 | $ | 93 | $ | 141 | $ | — | $ | 2,362 | ||||||||||||
Subsequent_Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2014 | |
Subsequent Events [Abstract] | ' |
Subsequent Events | ' |
Note 8 – Subsequent Events | |
Contingencies and Litigation | |
In July 2014, the FTC filed a lawsuit against T-Mobile alleging claims related to the inclusion of unauthorized charges by third-party merchants on T-Mobile customer bills. In addition, the FCC and other government agencies have begun investigations and inquiries regarding third-party billing, such as for premium SMS content. See Note 5 – Commitments and Contingencies for further information. | |
Network Decommissioning Costs | |
Prior to the closing of the business combination, T-Mobile developed integration plans which included the decommissioning of the MetroPCS Code Division Multiple Access (“CDMA”) network and certain other redundant network cell sites. In July 2014, T-Mobile began decommissioning the MetroPCS CDMA network and redundant network cell sites. During the second half of 2014, T-Mobile expects to incur network decommissioning costs between $250 million and $300 million for certain cell sites in three major metropolitan markets. Network decommissioning costs primarily relate to the acceleration of lease costs for cell sites, which will result in cash expenditures that will continue to be made over the remaining lease terms, but for which T-Mobile will no longer receive any economic benefit. Accrued liabilities for network decommissioning costs will be relieved as payments are made over the remaining lease terms. Network decommissioning costs will be recognized in MetroPCS transaction and integration costs in the condensed consolidated statements of comprehensive income (loss). | |
T-Mobile expects to decommission certain cell sites in additional major metropolitan markets in 2015 and 2016. Currently, T-Mobile is unable to estimate the expected network decommissioning costs and related future cash expenditures for those cell sites due to uncertainties regarding the specific sites to be decommissioned and the timing of such decommissioning. |
Basis_of_Presentation_Policies
Basis of Presentation (Policies) | 6 Months Ended |
Jun. 30, 2014 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Basis of Presentation | ' |
The unaudited condensed consolidated financial statements of T-Mobile US, Inc. (“T-Mobile” or the “Company”) include all adjustments of a normal recurring nature necessary for the fair presentation of the results for the interim periods presented. The results for the interim periods are not necessarily indicative of those for the full year. The condensed consolidated financial statements should be read in conjunction with the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the year ended December 31, 2013. | |
Principles of Consolidation | ' |
The condensed consolidated financial statements include the balances and results of operations of T-Mobile and its consolidated subsidiaries. T-Mobile consolidates all majority-owned subsidiaries over which it exercises control, as well as variable interest entities (“VIE”) where it is deemed to be the primary beneficiary and VIEs which cannot be deconsolidated. Intercompany transactions and balances have been eliminated in consolidation. | |
Use of Estimates | ' |
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (“GAAP”) requires management to make estimates and assumptions that affect the financial statements and accompanying notes. Actual results could differ from those estimates. | |
New Accounting Pronouncements | ' |
Recently Issued Accounting Standards | |
In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers.” The standard requires entities to recognize revenue through the application of a five-step model, which includes identification of the contract, identification of the performance obligations, determination of the transaction price, allocation of the transaction price to the performance obligations, and recognition of revenue as the entity satisfies the performance obligations. The standard will become effective for T-Mobile beginning January 1, 2017. The Company is currently evaluating the guidance to determine the potential impact on T-Mobile’s financial condition, results of operations and cash flows, and financial statement disclosures. |
Equipment_Installment_Plan_Rec1
Equipment Installment Plan Receivables (Tables) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Equipment Installment Plan Receivables [Abstract] | ' | |||||||||||||||||||||||
Schedule of Equipment Installment Plan Receivables | ' | |||||||||||||||||||||||
The following table summarizes the EIP receivables: | ||||||||||||||||||||||||
(in millions) | June 30, | December 31, | ||||||||||||||||||||||
2014 | 2013 | |||||||||||||||||||||||
EIP receivables, gross | $ | 4,029 | $ | 2,882 | ||||||||||||||||||||
Deferred interest | (320 | ) | (276 | ) | ||||||||||||||||||||
EIP receivables, net of deferred interest | 3,709 | 2,606 | ||||||||||||||||||||||
Allowance for credit losses | (126 | ) | (60 | ) | ||||||||||||||||||||
EIP receivables, net | $ | 3,583 | $ | 2,546 | ||||||||||||||||||||
Classified on the balance sheet as: | ||||||||||||||||||||||||
Accounts receivable, net | $ | 2,190 | $ | 1,471 | ||||||||||||||||||||
Other assets | 1,393 | 1,075 | ||||||||||||||||||||||
EIP receivables, net | $ | 3,583 | $ | 2,546 | ||||||||||||||||||||
Schedule of Equipment Installment Plan Receivables by Credit Category | ' | |||||||||||||||||||||||
The balance and aging of the EIP receivables on a gross basis by credit category were as follows: | ||||||||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||||||||
(in millions) | Prime | Subprime | Total | Prime | Subprime | Total | ||||||||||||||||||
Unbilled | $ | 2,058 | $ | 1,798 | $ | 3,856 | $ | 1,482 | $ | 1,270 | $ | 2,752 | ||||||||||||
Billed - Current | 59 | 60 | 119 | 45 | 45 | 90 | ||||||||||||||||||
Billed - Past Due | 20 | 34 | 54 | 15 | 25 | 40 | ||||||||||||||||||
EIP receivables, gross | $ | 2,137 | $ | 1,892 | $ | 4,029 | $ | 1,542 | $ | 1,340 | $ | 2,882 | ||||||||||||
Schedule of Deferred Interest and Allowance for Credit Losses | ' | |||||||||||||||||||||||
Activity in the deferred interest and allowance for credit losses for the EIP receivables was as follows: | ||||||||||||||||||||||||
(in millions) | June 30, | |||||||||||||||||||||||
2014 | ||||||||||||||||||||||||
Deferred interest and allowance for credit losses, beginning of period | $ | 336 | ||||||||||||||||||||||
Bad debt expense | 187 | |||||||||||||||||||||||
Write-offs, net of recoveries | (121 | ) | ||||||||||||||||||||||
Change in deferred interest on short-term and long-term EIP receivables | 44 | |||||||||||||||||||||||
Deferred interest and allowance for credit losses, end of period | $ | 446 | ||||||||||||||||||||||
Fair_Value_Measurements_and_De1
Fair Value Measurements and Derivative Instruments (Tables) | 6 Months Ended | |||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||
Fair Value Disclosures [Abstract] | ' | |||||||||||||||||
Schedule of Fair Value of Derivative Instruments | ' | |||||||||||||||||
Fair values of derivative instruments measured on a recurring basis by level were as follows: | ||||||||||||||||||
Balance Sheet Location | June 30, 2014 | |||||||||||||||||
(in millions) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Embedded derivatives | Other current assets | $ | — | $ | — | $ | 14 | $ | 14 | |||||||||
Embedded derivatives | Other assets | — | — | 27 | 27 | |||||||||||||
Balance Sheet Location | December 31, 2013 | |||||||||||||||||
(in millions) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||||
Embedded derivatives | Other long-term liabilities | $ | — | $ | — | $ | 13 | $ | 13 | |||||||||
Schedule of Gains (Losses) on Derivative Instruments | ' | |||||||||||||||||
The following table summarizes the activity related to derivatives instruments: | ||||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||||
(in millions) | 2014 | 2013 | 2014 | 2013 | ||||||||||||||
Gain (loss) recognized in other comprehensive loss: | ||||||||||||||||||
Cross currency interest rate swaps | $ | — | $ | 57 | $ | — | $ | (17 | ) | |||||||||
Gain (loss) recognized in interest expense to affiliates: | ||||||||||||||||||
Embedded derivatives | (7 | ) | (5 | ) | 54 | (5 | ) | |||||||||||
Interest rate swaps | — | 6 | — | 8 | ||||||||||||||
Cross currency interest rate swaps | — | 48 | — | 53 | ||||||||||||||
Schedule of Carrying Values and Fair Values of Long-term Debt | ' | |||||||||||||||||
The carrying amounts and fair values of the Company’s long-term debt were as follows: | ||||||||||||||||||
June 30, 2014 | December 31, 2013 | |||||||||||||||||
(in millions) | Carrying Amount | Fair Value | Carrying Amount | Fair Value | ||||||||||||||
Long-term debt to affiliates | $ | 5,600 | $ | 6,025 | $ | 5,600 | $ | 5,866 | ||||||||||
Long-term debt to third parties principal, excluding capital leases | 13,600 | 14,597 | 13,600 | 14,251 | ||||||||||||||
Commitments_and_Contingencies_
Commitments and Contingencies (Tables) | 6 Months Ended | |||
Jun. 30, 2014 | ||||
Commitments and Contingencies Disclosure [Abstract] | ' | |||
Schedule of Purchase Commitments | ' | |||
Future minimum payments for non-cancelable purchase commitments, excluding non-dedicated transportation lines, are summarized below: | ||||
(in millions) | Purchase Commitments | |||
Twelve Months Ending June 30, | ||||
2015 | $ | 1,389 | ||
2016 | 1,691 | |||
2017 | 1,257 | |||
2018 | 24 | |||
2019 | 2 | |||
Thereafter | — | |||
Total | $ | 4,363 | ||
Additional_Financial_Informati1
Additional Financial Information (Tables) | 6 Months Ended | |||||||||||||||
Jun. 30, 2014 | ||||||||||||||||
Additional Financial Information [Abstract] | ' | |||||||||||||||
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income | ' | |||||||||||||||
The following table presents the effects on net income (loss) of amounts reclassified from AOCI (in millions): | ||||||||||||||||
Amount Reclassified from AOCI to Income | ||||||||||||||||
AOCI Component | Location | Three Months Ended June 30, 2013 | Six Months Ended June 30, 2013 | |||||||||||||
Cross Currency Interest Rate Swaps | Interest expense to affiliates | $ | (48 | ) | $ | (53 | ) | |||||||||
Income tax effect | 18 | 20 | ||||||||||||||
Net of tax | (30 | ) | (33 | ) | ||||||||||||
Foreign Currency Translation | Other income, net | 166 | 166 | |||||||||||||
Income tax effect | (62 | ) | (62 | ) | ||||||||||||
Net of tax | 104 | 104 | ||||||||||||||
Total reclassifications, net of tax | $ | 74 | $ | 71 | ||||||||||||
Schedule of Earnings Per Share, Basic and Diluted | ' | |||||||||||||||
The computation of basic and diluted earnings (loss) per share was as follows: | ||||||||||||||||
Three Months Ended June 30, | Six Months Ended June 30, | |||||||||||||||
(in millions, except shares and per share amounts) | 2014 | 2013 | 2014 | 2013 | ||||||||||||
Basic and Diluted Earnings (Loss) Per Share: | ||||||||||||||||
Net income (loss) | $ | 391 | $ | (16 | ) | $ | 240 | $ | 91 | |||||||
Weighted average shares outstanding - basic | 803,923,913 | 664,603,682 | 803,226,194 | 600,302,111 | ||||||||||||
Dilutive effect of outstanding stock options and awards | 9,632,224 | — | 9,676,941 | 1,392,800 | ||||||||||||
Weighted average shares outstanding - diluted | 813,556,137 | 664,603,682 | 812,903,135 | 601,694,911 | ||||||||||||
Earnings (loss) per share - basic | $ | 0.49 | $ | (0.02 | ) | $ | 0.3 | $ | 0.15 | |||||||
Earnings (loss) per share - diluted | 0.48 | (0.02 | ) | 0.3 | 0.15 | |||||||||||
Schedule of Cash Flow, Supplemental Disclosures | ' | |||||||||||||||
The following table summarizes T-Mobile’s supplemental cash flows information: | ||||||||||||||||
Six Months Ended June 30, | ||||||||||||||||
(in millions) | 2014 | 2013 | ||||||||||||||
Interest and income tax payments: | ||||||||||||||||
Interest payments | $ | 639 | $ | 583 | ||||||||||||
Income tax payments | 23 | 14 | ||||||||||||||
Noncash investing and financing activities: | ||||||||||||||||
Increase in accounts payable for purchases of property and equipment | 56 | 173 | ||||||||||||||
Short-term debt outstanding for financing of property and equipment purchases | 250 | 193 | ||||||||||||||
Retirement of long-term debt to affiliates | — | 14,450 | ||||||||||||||
Elimination of net unamortized discounts and premiums on long-term debt to affiliates | — | 434 | ||||||||||||||
Issuance of new long-term debt to affiliates | — | 11,200 | ||||||||||||||
Settlement of accounts receivable from affiliates and other outstanding balances | — | 363 | ||||||||||||||
Income tax benefit from debt recapitalization | — | 178 | ||||||||||||||
Net assets acquired in MetroPCS business combination, excluding cash acquired | — | 827 | ||||||||||||||
Guarantor_Financial_Informatio1
Guarantor Financial Information (Tables) | 6 Months Ended | |||||||||||||||||||||||
Jun. 30, 2014 | ||||||||||||||||||||||||
Condensed Financial Information of Parent Company Only Disclosure [Abstract] | ' | |||||||||||||||||||||||
Schedule of Condensed Consolidating Balance Sheet Information | ' | |||||||||||||||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
As of June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 1,288 | $ | 1,500 | $ | 61 | $ | 231 | $ | — | $ | 3,080 | ||||||||||||
Accounts receivable, net | — | — | 3,782 | 157 | — | 3,939 | ||||||||||||||||||
Accounts receivable from affiliates | — | — | 87 | — | — | 87 | ||||||||||||||||||
Inventory | — | — | 791 | — | — | 791 | ||||||||||||||||||
Current portion of deferred tax assets, net | — | — | 805 | 15 | — | 820 | ||||||||||||||||||
Other current assets | — | 14 | 909 | 256 | — | 1,179 | ||||||||||||||||||
Total current assets | 1,288 | 1,514 | 6,435 | 659 | — | 9,896 | ||||||||||||||||||
Property and equipment, net of accumulated depreciation | — | — | 14,982 | 555 | — | 15,537 | ||||||||||||||||||
Goodwill | — | — | 1,683 | — | — | 1,683 | ||||||||||||||||||
Spectrum licenses | — | — | 21,828 | — | — | 21,828 | ||||||||||||||||||
Other intangible assets, net of accumulated amortization | — | — | 1,040 | — | — | 1,040 | ||||||||||||||||||
Investments in subsidiaries, net | 13,455 | 29,942 | 112 | — | (43,509 | ) | — | |||||||||||||||||
Intercompany receivables | — | 2,172 | — | — | (2,172 | ) | — | |||||||||||||||||
Other assets | 2 | 50 | 1,618 | 82 | (72 | ) | 1,680 | |||||||||||||||||
Total assets | $ | 14,745 | $ | 33,678 | $ | 47,698 | $ | 1,296 | $ | (45,753 | ) | $ | 51,664 | |||||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | — | $ | 334 | $ | 4,907 | $ | 314 | $ | — | $ | 5,555 | ||||||||||||
Current payables and short-term debt to affiliates | — | 56 | 180 | — | — | 236 | ||||||||||||||||||
Short-term debt | — | 250 | 22 | — | — | 272 | ||||||||||||||||||
Deferred revenue | — | — | 447 | — | — | 447 | ||||||||||||||||||
Other current liabilities | — | — | 598 | 23 | — | 621 | ||||||||||||||||||
Total current liabilities | — | 640 | 6,154 | 337 | — | 7,131 | ||||||||||||||||||
Long-term debt to affiliates | — | 5,600 | — | — | — | 5,600 | ||||||||||||||||||
Long-term debt | — | 13,983 | 386 | — | — | 14,369 | ||||||||||||||||||
Long-term financial obligation | — | — | 367 | 2,135 | — | 2,502 | ||||||||||||||||||
Deferred tax liabilities | — | — | 4,829 | — | (72 | ) | 4,757 | |||||||||||||||||
Deferred rents | — | — | 2,237 | — | — | 2,237 | ||||||||||||||||||
Negative carrying value of subsidiaries, net | — | — | 804 | — | (804 | ) | — | |||||||||||||||||
Intercompany payables | 182 | — | 1,929 | 61 | (2,172 | ) | — | |||||||||||||||||
Other long-term liabilities | — | — | 505 | — | — | 505 | ||||||||||||||||||
Total long-term liabilities | 182 | 19,583 | 11,057 | 2,196 | (3,048 | ) | 29,970 | |||||||||||||||||
Total stockholders' equity | 14,563 | 13,455 | 30,487 | (1,237 | ) | (42,705 | ) | 14,563 | ||||||||||||||||
Total liabilities and stockholders' equity | $ | 14,745 | $ | 33,678 | $ | 47,698 | $ | 1,296 | $ | (45,753 | ) | $ | 51,664 | |||||||||||
Condensed Consolidating Balance Sheet Information | ||||||||||||||||||||||||
As of December 31, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Assets | ||||||||||||||||||||||||
Current assets | ||||||||||||||||||||||||
Cash and cash equivalents | $ | 2,960 | $ | 2,698 | $ | 57 | $ | 176 | $ | — | $ | 5,891 | ||||||||||||
Accounts receivable, net | — | — | 3,541 | 78 | — | 3,619 | ||||||||||||||||||
Accounts receivable from affiliates | — | — | 41 | — | — | 41 | ||||||||||||||||||
Inventory | — | — | 586 | — | — | 586 | ||||||||||||||||||
Current portion of deferred tax assets, net | — | — | 824 | 15 | — | 839 | ||||||||||||||||||
Other current assets | — | — | 1,250 | 2 | — | 1,252 | ||||||||||||||||||
Total current assets | 2,960 | 2,698 | 6,299 | 271 | — | 12,228 | ||||||||||||||||||
Property and equipment, net of accumulated depreciation | — | — | 14,754 | 595 | — | 15,349 | ||||||||||||||||||
Goodwill | — | — | 1,683 | — | — | 1,683 | ||||||||||||||||||
Spectrum licenses | — | — | 18,122 | — | — | 18,122 | ||||||||||||||||||
Other intangible assets, net of accumulated amortization | — | — | 1,204 | — | — | 1,204 | ||||||||||||||||||
Investments in subsidiaries, net | 11,484 | 29,123 | — | — | (40,607 | ) | — | |||||||||||||||||
Intercompany receivables | — | — | 418 | — | (418 | ) | — | |||||||||||||||||
Other assets | 2 | 24 | 1,292 | 93 | (44 | ) | 1,367 | |||||||||||||||||
Total assets | $ | 14,446 | $ | 31,845 | $ | 43,772 | $ | 959 | $ | (41,069 | ) | $ | 49,953 | |||||||||||
Liabilities and Stockholders' Equity | ||||||||||||||||||||||||
Current liabilities | ||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | — | $ | 273 | $ | 4,218 | $ | 76 | $ | — | $ | 4,567 | ||||||||||||
Current payables and short-term debt to affiliates | — | 56 | 143 | — | — | 199 | ||||||||||||||||||
Short-term debt | — | 226 | 18 | — | — | 244 | ||||||||||||||||||
Deferred revenue | — | — | 445 | — | — | 445 | ||||||||||||||||||
Other current liabilities | — | — | 313 | 40 | — | 353 | ||||||||||||||||||
Total current liabilities | — | 555 | 5,137 | 116 | — | 5,808 | ||||||||||||||||||
Long-term debt to affiliates | — | 5,600 | — | — | — | 5,600 | ||||||||||||||||||
Long-term debt | — | 14,010 | 335 | — | — | 14,345 | ||||||||||||||||||
Long-term financial obligation | — | — | 365 | 2,131 | — | 2,496 | ||||||||||||||||||
Deferred tax liabilities | — | — | 4,689 | — | (44 | ) | 4,645 | |||||||||||||||||
Deferred rents | — | — | 2,113 | — | — | 2,113 | ||||||||||||||||||
Negative carrying value of subsidiaries, net | — | — | 779 | — | (779 | ) | — | |||||||||||||||||
Intercompany payables | 201 | 183 | — | 34 | (418 | ) | — | |||||||||||||||||
Other long-term liabilities | — | 13 | 688 | — | — | 701 | ||||||||||||||||||
Total long-term liabilities | 201 | 19,806 | 8,969 | 2,165 | (1,241 | ) | 29,900 | |||||||||||||||||
Total stockholders' equity | 14,245 | 11,484 | 29,666 | (1,322 | ) | (39,828 | ) | 14,245 | ||||||||||||||||
Total liabilities and stockholders' equity | $ | 14,446 | $ | 31,845 | $ | 43,772 | $ | 959 | $ | (41,069 | ) | $ | 49,953 | |||||||||||
Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ' | |||||||||||||||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Three Months Ended June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 5,259 | $ | 323 | $ | (98 | ) | $ | 5,484 | |||||||||||
Equipment sales | — | — | 1,768 | — | (168 | ) | 1,600 | |||||||||||||||||
Other revenues | — | — | 70 | 34 | (3 | ) | 101 | |||||||||||||||||
Total revenues | — | — | 7,097 | 357 | (269 | ) | 7,185 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 1,447 | 6 | — | 1,453 | ||||||||||||||||||
Cost of equipment sales | — | — | 2,188 | 207 | (180 | ) | 2,215 | |||||||||||||||||
Selling, general and administrative | — | — | 2,116 | 124 | (89 | ) | 2,151 | |||||||||||||||||
Depreciation and amortization | — | — | 1,108 | 21 | — | 1,129 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 22 | — | — | 22 | ||||||||||||||||||
Restructuring costs | — | — | — | — | — | — | ||||||||||||||||||
Other, net | — | — | (747 | ) | — | — | (747 | ) | ||||||||||||||||
Total operating expenses | — | — | 6,134 | 358 | (269 | ) | 6,223 | |||||||||||||||||
Operating income (loss) | — | — | 963 | (1 | ) | — | 962 | |||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (85 | ) | — | — | — | (85 | ) | ||||||||||||||||
Interest expense | — | (212 | ) | (15 | ) | (44 | ) | — | (271 | ) | ||||||||||||||
Interest income | — | — | 83 | — | — | 83 | ||||||||||||||||||
Other income (expense), net | — | (14 | ) | 2 | — | — | (12 | ) | ||||||||||||||||
Total other income (expense), net | — | (311 | ) | 70 | (44 | ) | — | (285 | ) | |||||||||||||||
Income (loss) before income taxes | — | (311 | ) | 1,033 | (45 | ) | — | 677 | ||||||||||||||||
Income tax expense (benefit) | — | — | 306 | (20 | ) | — | 286 | |||||||||||||||||
Earnings (loss) of subsidiaries | 391 | 702 | (12 | ) | — | (1,081 | ) | — | ||||||||||||||||
Net income (loss) | 391 | 391 | 715 | (25 | ) | (1,081 | ) | 391 | ||||||||||||||||
Other comprehensive loss, net of tax | — | — | — | — | — | — | ||||||||||||||||||
Total comprehensive income (loss) | $ | 391 | $ | 391 | $ | 715 | $ | (25 | ) | $ | (1,081 | ) | $ | 391 | ||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Three Months Ended June 30, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 4,591 | $ | 191 | $ | (26 | ) | $ | 4,756 | |||||||||||
Equipment sales | — | — | 1,542 | — | (163 | ) | 1,379 | |||||||||||||||||
Other revenues | — | — | 85 | 44 | (36 | ) | 93 | |||||||||||||||||
Total revenues | — | — | 6,218 | 235 | (225 | ) | 6,228 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 1,342 | 21 | (36 | ) | 1,327 | |||||||||||||||||
Cost of equipment sales | — | — | 1,994 | 122 | (180 | ) | 1,936 | |||||||||||||||||
Selling, general and administrative | — | — | 1,821 | 35 | (9 | ) | 1,847 | |||||||||||||||||
Depreciation and amortization | — | — | 867 | 21 | — | 888 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 26 | — | — | 26 | ||||||||||||||||||
Restructuring costs | — | — | 23 | — | — | 23 | ||||||||||||||||||
Total operating expenses | — | — | 6,073 | 199 | (225 | ) | 6,047 | |||||||||||||||||
Operating income | — | — | 145 | 36 | — | 181 | ||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (225 | ) | — | — | — | (225 | ) | ||||||||||||||||
Interest expense | — | (53 | ) | (13 | ) | (43 | ) | — | (109 | ) | ||||||||||||||
Interest income | — | — | 40 | — | — | 40 | ||||||||||||||||||
Other income (expense), net | — | 120 | (2 | ) | — | — | 118 | |||||||||||||||||
Total other income (expense), net | — | (158 | ) | 25 | (43 | ) | — | (176 | ) | |||||||||||||||
Income (loss) before income taxes | — | (158 | ) | 170 | (7 | ) | — | 5 | ||||||||||||||||
Income tax expense (benefit) | — | — | 28 | (7 | ) | — | 21 | |||||||||||||||||
Earnings (loss) of subsidiaries | (47 | ) | 142 | (15 | ) | — | (80 | ) | — | |||||||||||||||
Net income (loss) | (47 | ) | (16 | ) | 127 | — | (80 | ) | (16 | ) | ||||||||||||||
Other comprehensive income (loss), net of tax | — | (38 | ) | 23 | — | (23 | ) | (38 | ) | |||||||||||||||
Total comprehensive income (loss) | $ | (47 | ) | $ | (54 | ) | $ | 150 | $ | — | $ | (103 | ) | $ | (54 | ) | ||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 10,409 | $ | 588 | $ | (176 | ) | $ | 10,821 | |||||||||||
Equipment sales | — | — | 3,365 | — | (317 | ) | 3,048 | |||||||||||||||||
Other revenues | — | — | 128 | 68 | (5 | ) | 191 | |||||||||||||||||
Total revenues | — | — | 13,902 | 656 | (498 | ) | 14,060 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 2,907 | 10 | — | 2,917 | ||||||||||||||||||
Cost of equipment sales | — | — | 4,501 | 345 | (345 | ) | 4,501 | |||||||||||||||||
Selling, general and administrative | — | — | 4,176 | 224 | (153 | ) | 4,247 | |||||||||||||||||
Depreciation and amortization | — | — | 2,143 | 41 | — | 2,184 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 34 | — | — | 34 | ||||||||||||||||||
Other, net | — | — | (757 | ) | — | — | (757 | ) | ||||||||||||||||
Total operating expenses | — | — | 13,004 | 620 | (498 | ) | 13,126 | |||||||||||||||||
Operating income | — | — | 898 | 36 | — | 934 | ||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (103 | ) | — | — | — | (103 | ) | ||||||||||||||||
Interest expense | — | (426 | ) | (33 | ) | (88 | ) | — | (547 | ) | ||||||||||||||
Interest income | — | — | 158 | — | — | 158 | ||||||||||||||||||
Other income (expense), net | — | (22 | ) | 4 | — | — | (18 | ) | ||||||||||||||||
Total other income (expense), net | — | (551 | ) | 129 | (88 | ) | — | (510 | ) | |||||||||||||||
Income (loss) before income taxes | — | (551 | ) | 1,027 | (52 | ) | — | 424 | ||||||||||||||||
Income tax expense (benefit) | — | — | 206 | (22 | ) | — | 184 | |||||||||||||||||
Earnings (loss) of subsidiaries | 240 | 791 | (27 | ) | — | (1,004 | ) | — | ||||||||||||||||
Net income (loss) | 240 | 240 | 794 | (30 | ) | (1,004 | ) | 240 | ||||||||||||||||
Other comprehensive loss, net of tax | (3 | ) | (3 | ) | (3 | ) | — | 6 | (3 | ) | ||||||||||||||
Total comprehensive income (loss) | $ | 237 | $ | 237 | $ | 791 | $ | (30 | ) | $ | (998 | ) | $ | 237 | ||||||||||
Condensed Consolidating Statement of Comprehensive Income (Loss) Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Revenues | ||||||||||||||||||||||||
Service revenues | $ | — | $ | — | $ | 8,447 | $ | 367 | $ | (52 | ) | $ | 8,762 | |||||||||||
Equipment sales | — | — | 2,308 | — | (324 | ) | 1,984 | |||||||||||||||||
Other revenues | — | — | 141 | 86 | (68 | ) | 159 | |||||||||||||||||
Total revenues | — | — | 10,896 | 453 | (444 | ) | 10,905 | |||||||||||||||||
Operating expenses | ||||||||||||||||||||||||
Cost of services | — | — | 2,464 | 40 | (68 | ) | 2,436 | |||||||||||||||||
Cost of equipment sales | — | — | 2,926 | 251 | (355 | ) | 2,822 | |||||||||||||||||
Selling, general and administrative | — | — | 3,303 | 71 | (21 | ) | 3,353 | |||||||||||||||||
Depreciation and amortization | — | — | 1,602 | 41 | — | 1,643 | ||||||||||||||||||
MetroPCS transaction and integration costs | — | — | 39 | — | — | 39 | ||||||||||||||||||
Restructuring costs | — | — | 54 | — | — | 54 | ||||||||||||||||||
Other, net | — | — | (2 | ) | — | — | (2 | ) | ||||||||||||||||
Total operating expenses | — | — | 10,386 | 403 | (444 | ) | 10,345 | |||||||||||||||||
Operating income | — | — | 510 | 50 | — | 560 | ||||||||||||||||||
Other income (expense) | ||||||||||||||||||||||||
Interest expense to affiliates | — | (403 | ) | — | — | — | (403 | ) | ||||||||||||||||
Interest expense | — | (54 | ) | (20 | ) | (86 | ) | — | (160 | ) | ||||||||||||||
Interest income | — | — | 75 | — | — | 75 | ||||||||||||||||||
Other income (expense), net | — | 114 | (2 | ) | — | — | 112 | |||||||||||||||||
Total other income (expense), net | — | (343 | ) | 53 | (86 | ) | — | (376 | ) | |||||||||||||||
Income (loss) before income taxes | — | (343 | ) | 563 | (36 | ) | — | 184 | ||||||||||||||||
Income tax expense (benefit) | — | — | 109 | (16 | ) | — | 93 | |||||||||||||||||
Earnings (loss) of subsidiaries | (47 | ) | 434 | (29 | ) | — | (358 | ) | — | |||||||||||||||
Net income (loss) | (47 | ) | 91 | 425 | (20 | ) | (358 | ) | 91 | |||||||||||||||
Other comprehensive income (loss), net of tax | — | (39 | ) | 24 | — | (24 | ) | (39 | ) | |||||||||||||||
Total comprehensive income (loss) | $ | (47 | ) | $ | 52 | $ | 449 | $ | (20 | ) | $ | (382 | ) | $ | 52 | |||||||||
Schedule of Condensed Consolidating Statement of Cash Flows Information | ' | |||||||||||||||||||||||
Condensed Consolidating Statement of Cash Flows Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2014 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Operating activities | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 5 | $ | (2,898 | ) | $ | 4,567 | $ | 55 | $ | — | $ | 1,729 | |||||||||||
Investing activities | ||||||||||||||||||||||||
Purchases of property and equipment | — | — | (1,887 | ) | — | — | (1,887 | ) | ||||||||||||||||
Purchases of spectrum licenses and other intangible assets | — | — | (2,367 | ) | — | — | (2,367 | ) | ||||||||||||||||
Investment in subsidiaries | (1,700 | ) | — | — | — | 1,700 | — | |||||||||||||||||
Investments in unconsolidated affiliates, net | — | — | (20 | ) | — | — | (20 | ) | ||||||||||||||||
Other, net | — | — | (1 | ) | — | — | (1 | ) | ||||||||||||||||
Net cash used in investing activities | (1,700 | ) | — | (4,275 | ) | — | 1,700 | (4,275 | ) | |||||||||||||||
Financing activities | ||||||||||||||||||||||||
Proceeds from capital contribution | — | 1,700 | — | — | (1,700 | ) | — | |||||||||||||||||
Repayments of short-term debt for purchases of property and equipment | — | — | (231 | ) | — | — | (231 | ) | ||||||||||||||||
Taxes paid related to net share settlement of stock awards | — | — | (72 | ) | — | — | (72 | ) | ||||||||||||||||
Excess tax benefit from stock-based compensation | — | — | 33 | — | — | 33 | ||||||||||||||||||
Proceeds from exercise of stock options | 23 | — | — | — | — | 23 | ||||||||||||||||||
Other, net | — | — | (18 | ) | — | — | (18 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 23 | 1,700 | (288 | ) | — | (1,700 | ) | (265 | ) | |||||||||||||||
Change in cash and cash equivalents | (1,672 | ) | (1,198 | ) | 4 | 55 | — | (2,811 | ) | |||||||||||||||
Cash and cash equivalents | ||||||||||||||||||||||||
Beginning of period | 2,960 | 2,698 | 57 | 176 | — | 5,891 | ||||||||||||||||||
End of period | $ | 1,288 | $ | 1,500 | $ | 61 | $ | 231 | $ | — | $ | 3,080 | ||||||||||||
Condensed Consolidating Statement of Cash Flows Information | ||||||||||||||||||||||||
Six Months Ended June 30, 2013 | ||||||||||||||||||||||||
(in millions) | Parent | Issuer | Guarantor Subsidiaries | Non-Guarantor Subsidiaries | Consolidating and Eliminating Adjustments | Consolidated | ||||||||||||||||||
Operating activities | ||||||||||||||||||||||||
Net cash provided by (used in) operating activities | $ | 298 | $ | (386 | ) | $ | 1,769 | $ | 34 | $ | — | $ | 1,715 | |||||||||||
Investing activities | ||||||||||||||||||||||||
Purchases of property and equipment | — | — | (2,126 | ) | — | — | (2,126 | ) | ||||||||||||||||
Purchases of spectrum licenses and other intangible assets | — | — | (51 | ) | — | — | (51 | ) | ||||||||||||||||
Short term affiliate loan receivable, net | — | — | 300 | — | — | 300 | ||||||||||||||||||
Cash and cash equivalents acquired in MetroPCS business combination | 737 | 1,407 | — | — | — | 2,144 | ||||||||||||||||||
Other, net | — | — | (5 | ) | — | — | (5 | ) | ||||||||||||||||
Net cash provided by (used in) investing activities | 737 | 1,407 | (1,882 | ) | — | — | 262 | |||||||||||||||||
Financing activities | ||||||||||||||||||||||||
Repayments related to a variable interest entity | — | — | (40 | ) | — | — | (40 | ) | ||||||||||||||||
Distribution to affiliate | — | — | (41 | ) | — | — | (41 | ) | ||||||||||||||||
Excess tax benefit from stock-based compensation | — | — | 3 | — | — | 3 | ||||||||||||||||||
Proceeds from exercise of stock options | 72 | — | — | — | — | 72 | ||||||||||||||||||
Other, net | — | — | (3 | ) | — | — | (3 | ) | ||||||||||||||||
Net cash provided by (used in) financing activities | 72 | — | (81 | ) | — | — | (9 | ) | ||||||||||||||||
Change in cash and cash equivalents | 1,107 | 1,021 | (194 | ) | 34 | — | 1,968 | |||||||||||||||||
Cash and cash equivalents | ||||||||||||||||||||||||
Beginning of period | — | — | 287 | 107 | — | 394 | ||||||||||||||||||
End of period | $ | 1,107 | $ | 1,021 | $ | 93 | $ | 141 | $ | — | $ | 2,362 | ||||||||||||
Acquisitions_and_Other_Transac1
Acquisitions and Other Transactions (Spectrum License Transactions) (Details) (USD $) | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
Spectrum License Transactions - AWS and PCS [Member] | Spectrum License Transaction - 700 MHz A-Block, AWS and PCS [Member] | Spectrum License Transaction - 700 MHz A-Block, AWS and PCS [Member] | Other, Net [Member] | Other, Net [Member] | Other, Net [Member] | Other, Net [Member] | |||
Spectrum License Transactions - AWS and PCS [Member] | Spectrum License Transactions - AWS and PCS [Member] | Spectrum License Transaction - 700 MHz A-Block, AWS and PCS [Member] | Spectrum License Transaction - 700 MHz A-Block, AWS and PCS [Member] | ||||||
Cash payment to acquire spectrum license | $2,367 | $51 | ' | ' | $2,400 | ' | ' | ' | ' |
Fair value of spectrum licenses acquired | ' | ' | 792 | 3,700 | ' | ' | ' | ' | ' |
Non-cash gain on spectrum transaction | ' | ' | ' | ' | ' | $214 | $214 | $517 | $517 |
Acquisitions_and_Other_Transac2
Acquisitions and Other Transactions (Factoring Arrangement) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 |
In Millions, unless otherwise specified | Factoring Arrangement [Member] | Factoring Arrangement [Member] | Factoring Arrangement [Member] | ||
Variable Interest Entity, Not Primary Beneficiary [Member] | |||||
Maximum funding limit | ' | ' | $500 | $500 | ' |
Derecognized net receivables | ' | ' | 611 | 611 | ' |
Net cash proceeds | ' | ' | ' | 468 | ' |
Deferred purchase price | ' | ' | 236 | 236 | ' |
Accounts payable and accrued liabilities | ' | ' | 101 | 101 | ' |
Other current liabilities | 621 | 353 | 23 | 23 | ' |
Net expense | ' | ' | 77 | 90 | ' |
Maximum exposure | ' | ' | ' | ' | $440 |
Acquisitions_and_Other_Transac3
Acquisitions and Other Transactions Short-Term Debt (Details) (Handset Financing Arrangement [Member], USD $) | Jun. 30, 2014 |
In Millions, unless otherwise specified | |
Handset Financing Arrangement [Member] | ' |
Short-term Debt | ' |
Borrowing capacity | $108 |
Equipment_Installment_Plan_Rec2
Equipment Installment Plan Receivables (EIP Receivables) (Details) (Equipment Installment Plan Receivable [Member], USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Dec. 31, 2013 |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan, maximum payment terms | '24 months | ' |
Equipment installment plan receivables, gross | $4,029 | $2,882 |
Equipment installment plan receivables, deferred interest and allowance for credit losses | -446 | -336 |
Equipment installment plan receivables, net of deferred interest | 3,709 | 2,606 |
Equipment installment plan receivables, net | 3,583 | 2,546 |
Deferred Interest [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, deferred interest and allowance for credit losses | -320 | -276 |
Allowances for Credit Losses [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, deferred interest and allowance for credit losses | -126 | -60 |
Accounts Receivable, Net [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, net | 2,190 | 1,471 |
Other Assets [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, net | $1,393 | $1,075 |
Equipment_Installment_Plan_Rec3
Equipment Installment Plan Receivables (Gross Receivables by Credit Category) (Details) (Equipment Installment Plan Receivable [Member], USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, gross | $4,029 | $2,882 |
Unbilled [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, current | 3,856 | 2,752 |
Billed [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, current | 119 | 90 |
Equipment installment plan receivables, past due | 54 | 40 |
Prime [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, gross | 2,137 | 1,542 |
Prime [Member] | Unbilled [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, current | 2,058 | 1,482 |
Prime [Member] | Billed [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, current | 59 | 45 |
Equipment installment plan receivables, past due | 20 | 15 |
Subprime [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, gross | 1,892 | 1,340 |
Subprime [Member] | Unbilled [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, current | 1,798 | 1,270 |
Subprime [Member] | Billed [Member] | ' | ' |
Equipment Installment Plan Receivables [Line Items] | ' | ' |
Equipment installment plan receivables, current | 60 | 45 |
Equipment installment plan receivables, past due | $34 | $25 |
Equipment_Installment_Plan_Rec4
Equipment Installment Plan Receivables (Deferred Interest and Allowance for Credit Losses) (Details) (Equipment Installment Plan Receivable [Member], USD $) | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 |
Deferred Interest, Long-term [Member] | Deferred Interest, Long-term [Member] | ||
Equipment Installment Plan Receivables, Deferred Interest and Allowance for Credit Losses [Roll Forward] | ' | ' | ' |
Deferred interest and allowance for credit losses, beginning of period | $336 | $64 | $64 |
Bad debt expense | 187 | ' | ' |
Write-offs, net of recoveries | -121 | ' | ' |
Change in deferred interest on short-term and long-term EIP receivables | 44 | ' | ' |
Deferred interest and allowance for credit losses, end of period | $446 | $64 | $64 |
Fair_Value_Measurements_and_De2
Fair Value Measurements and Derivative Instruments (Narrative) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2012 |
In Billions, unless otherwise specified | derivative_instruments | derivative_instruments | derivative_instruments |
Embedded Derivatives [Member] | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' |
Number of embedded derivative agreements | 5 | 5 | ' |
Interest Rate Swaps [Member] | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' |
Number of interest rate swap agreements | 0 | 0 | 7 |
Notional amounts | ' | ' | $3.60 |
Cross Currency Interest Rate Swaps [Member] | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' |
Number of cross currency interest rate swap agreements | 0 | 0 | 3 |
Notional amounts | ' | ' | $2.30 |
Fair_Value_Measurements_and_De3
Fair Value Measurements and Derivative Instruments (Fair Value of Financial Instruments by Level) (Details) (Not Designated as Hedging Instrument [Member], Embedded Derivatives [Member], USD $) | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Jun. 30, 2014 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 | Dec. 31, 2013 |
In Millions, unless otherwise specified | Other Current Assets [Member] | Other Current Assets [Member] | Other Current Assets [Member] | Other Current Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Assets [Member] | Other Long-term Liabilities [Member] | Other Long-term Liabilities [Member] | Other Long-term Liabilities [Member] | Other Long-term Liabilities [Member] |
Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | Fair Value, Inputs, Level 1 [Member] | Fair Value, Inputs, Level 2 [Member] | Fair Value, Inputs, Level 3 [Member] | ||||
Derivative Instruments, Fair Value [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Embedded derivatives, assets | $14 | $0 | $0 | $14 | $27 | $0 | $0 | $27 | ' | ' | ' | ' |
Embedded derivatives, liabilities | ' | ' | ' | ' | ' | ' | ' | ' | $13 | $0 | $0 | $13 |
Fair_Value_Measurements_and_De4
Fair Value Measurements and Derivative Instruments (Effect Of Derivative Instruments On Earnings And Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Swaps [Member] | Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' | ' |
Gain (loss) on derivative instrument | $0 | $57 | $0 | ($17) |
Designated as Hedging Instrument [Member] | Cross Currency Interest Rate Swaps [Member] | Interest Expense to Affiliates [Member] | ' | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' | ' |
Gain (loss) on derivative instrument | 0 | 48 | 0 | 53 |
Not Designated as Hedging Instrument [Member] | Embedded Derivatives [Member] | Interest Expense to Affiliates [Member] | ' | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' | ' |
Gain (loss) on derivative instrument | -7 | -5 | 54 | -5 |
Not Designated as Hedging Instrument [Member] | Interest Rate Swaps [Member] | Interest Expense to Affiliates [Member] | ' | ' | ' | ' |
Derivative Instruments [Line Items] | ' | ' | ' | ' |
Gain (loss) on derivative instrument | $0 | $6 | $0 | $8 |
Fair_Value_Measurements_and_De5
Fair Value Measurements and Derivative Instruments (Fair Value of Long-term Debt) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Fair Value, Inputs, Level 1 [Member] | ' | ' |
Long-Term Debt, Fair Value [Line Items] | ' | ' |
Long-term debt | $14,597 | $14,251 |
Fair Value, Inputs, Level 1 [Member] | Carrying Amount [Member] | ' | ' |
Long-Term Debt, Fair Value [Line Items] | ' | ' |
Long-term debt | 13,600 | 13,600 |
Fair Value, Inputs, Level 2 [Member] | Deutsche Telekom [Member] | ' | ' |
Long-Term Debt, Fair Value [Line Items] | ' | ' |
Long-term debt | 6,025 | 5,866 |
Fair Value, Inputs, Level 2 [Member] | Carrying Amount [Member] | Deutsche Telekom [Member] | ' | ' |
Long-Term Debt, Fair Value [Line Items] | ' | ' |
Long-term debt | $5,600 | $5,600 |
Commitments_and_Contingencies_1
Commitments and Contingencies Purchase Commitments (Details) (Purchase Commitments [Member], USD $) | Jun. 30, 2014 |
In Millions, unless otherwise specified | |
Purchase Commitments [Member] | ' |
Twelve Months Ending June 30, | ' |
2015 | $1,389 |
2016 | 1,691 |
2017 | 1,257 |
2018 | 24 |
2019 | 2 |
Thereafter | 0 |
Total future minimum payments | $4,363 |
Commitments_and_Contingencies_2
Commitments and Contingencies Guarantee Liabilities (Details) (Handset Upgrade Program [Member], USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
Handset Upgrade Program [Member] | ' | ' |
Guarantee Liabilities | ' | ' |
Guarantee liabilities | $298,000,000 | $191,000,000 |
Maximum exposure, related to guarantee liabilities | $2,100,000,000 | ' |
Additional_Financial_Informati2
Additional Financial Information (Cash and Cash Equivalents) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 |
In Millions, unless otherwise specified | ||
Cash and Cash Equivalents [Abstract] | ' | ' |
Restricted cash equivalents | $100 | $100 |
Additional_Financial_Informati3
Additional Financial Information (Accumulated Other Comprehensive Income) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Interest expense to affiliates | ($85) | ($225) | ($103) | ($403) |
Other income, net | -12 | 118 | -18 | 112 |
Income tax effect | -286 | -21 | -184 | -93 |
Net income (loss) | 391 | -16 | 240 | 91 |
Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Net income (loss) | ' | 74 | ' | 71 |
Cross Currency Interest Rate Swaps [Member] | Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Interest expense to affiliates | ' | -48 | ' | -53 |
Income tax effect | ' | 18 | ' | 20 |
Net income (loss) | ' | -30 | ' | -33 |
Foreign Currency Translation [Member] | Reclassification Out of Accumulated Other Comprehensive Income [Member] | ' | ' | ' | ' |
Reclassification Adjustment out of Accumulated Other Comprehensive Income [Line Items] | ' | ' | ' | ' |
Other income, net | ' | 166 | ' | 166 |
Income tax effect | ' | -62 | ' | -62 |
Net income (loss) | ' | $104 | ' | $104 |
Additional_Financial_Informati4
Additional Financial Information (Earnings (Loss) Per Share) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, except Share data, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Earnings Per Share [Abstract] | ' | ' | ' | ' |
Net income (loss) | $391 | ($16) | $240 | $91 |
Weighted average shares outstanding - basic | 803,923,913 | 664,603,682 | 803,226,194 | 600,302,111 |
Dilutive effect of outstanding stock options and awards | 9,632,224 | 0 | 9,676,941 | 1,392,800 |
Weighted average shares outstanding - diluted | 813,556,137 | 664,603,682 | 812,903,135 | 601,694,911 |
Earnings (loss) per share - basic | $0.49 | ($0.02) | $0.30 | $0.15 |
Earnings (loss) per share - diluted | $0.48 | ($0.02) | $0.30 | $0.15 |
Stock Options [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Potentially dilutive outstanding securities | 1,631,748 | 11,319,269 | 1,631,748 | 8,460,878 |
Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Potentially dilutive outstanding securities | 65,108 | 22,911,491 | 87,816 | 22,911,491 |
Additional_Financial_Informati5
Additional Financial Information (Supplemental Cash Flows Information) (Details) (USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Additional Financial Information [Abstract] | ' | ' |
Interest payments | $639 | $583 |
Income tax payments | 23 | 14 |
Increase in accounts payable for purchases of property and equipment | 56 | 173 |
Short-term debt outstanding for financing of property and equipment purchases | 250 | 193 |
Retirement of long-term debt to affiliates | 0 | 14,450 |
Elimination of net unamortized discounts and premiums on long-term debt to affiliates | 0 | 434 |
Issuance of new long-term debt to affiliates | 0 | 11,200 |
Settlement of accounts receivable from affiliates and other outstanding balances | 0 | 363 |
Income tax benefit from debt recapitalization | 0 | 178 |
Net assets acquired in MetroPCS business combination, excluding cash acquired | $0 | $827 |
Guarantor_Financial_Informatio2
Guarantor Financial Information (Narrative) (Details) (Parent [Member], USD $) | 3 Months Ended |
In Millions, unless otherwise specified | Jun. 30, 2014 |
Parent [Member] | ' |
Contribution to issuer | $1,700 |
Guarantor_Financial_Informatio3
Guarantor Financial Information (Condensed Consolidating Balance Sheet Information) (Details) (USD $) | Jun. 30, 2014 | Dec. 31, 2013 | Jun. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||||
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | $3,080 | $5,891 | $2,362 | $394 |
Accounts receivable, net | 3,939 | 3,619 | ' | ' |
Accounts receivable from affiliates | 87 | 41 | ' | ' |
Inventory | 791 | 586 | ' | ' |
Current portion of deferred tax assets, net | 820 | 839 | ' | ' |
Other current assets | 1,179 | 1,252 | ' | ' |
Total current assets | 9,896 | 12,228 | ' | ' |
Property and equipment, net of accumulated depreciation | 15,537 | 15,349 | ' | ' |
Goodwill | 1,683 | 1,683 | ' | ' |
Spectrum licenses | 21,828 | 18,122 | ' | ' |
Other intangible assets, net of accumulated amortization | 1,040 | 1,204 | ' | ' |
Investments in subsidiaries, net | 0 | 0 | ' | ' |
Intercompany receivables | 0 | 0 | ' | ' |
Other assets | 1,680 | 1,367 | ' | ' |
Total assets | 51,664 | 49,953 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 5,555 | 4,567 | ' | ' |
Current payables and short-term debt to affiliates | 236 | 199 | ' | ' |
Short-term debt | 272 | 244 | ' | ' |
Deferred revenue | 447 | 445 | ' | ' |
Other current liabilities | 621 | 353 | ' | ' |
Total current liabilities | 7,131 | 5,808 | ' | ' |
Long-term debt to affiliates | 5,600 | 5,600 | ' | ' |
Long-term debt | 14,369 | 14,345 | ' | ' |
Long-term financial obligation | 2,502 | 2,496 | ' | ' |
Deferred tax liabilities | 4,757 | 4,645 | ' | ' |
Deferred rents | 2,237 | 2,113 | ' | ' |
Negative carrying value of subsidiaries, net | 0 | 0 | ' | ' |
Intercompany payables | 0 | 0 | ' | ' |
Other long-term liabilities | 505 | 701 | ' | ' |
Total long-term liabilities | 29,970 | 29,900 | ' | ' |
Total stockholders' equity | 14,563 | 14,245 | ' | ' |
Total liabilities and stockholders' equity | 51,664 | 49,953 | ' | ' |
Consolidating and Eliminating Adjustments [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 0 | 0 | 0 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Accounts receivable from affiliates | 0 | 0 | ' | ' |
Inventory | 0 | 0 | ' | ' |
Current portion of deferred tax assets, net | 0 | 0 | ' | ' |
Other current assets | 0 | 0 | ' | ' |
Total current assets | 0 | 0 | ' | ' |
Property and equipment, net of accumulated depreciation | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Spectrum licenses | 0 | 0 | ' | ' |
Other intangible assets, net of accumulated amortization | 0 | 0 | ' | ' |
Investments in subsidiaries, net | -43,509 | -40,607 | ' | ' |
Intercompany receivables | -2,172 | -418 | ' | ' |
Other assets | -72 | -44 | ' | ' |
Total assets | -45,753 | -41,069 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 0 | 0 | ' | ' |
Current payables and short-term debt to affiliates | 0 | 0 | ' | ' |
Short-term debt | 0 | 0 | ' | ' |
Deferred revenue | 0 | 0 | ' | ' |
Other current liabilities | 0 | 0 | ' | ' |
Total current liabilities | 0 | 0 | ' | ' |
Long-term debt to affiliates | 0 | 0 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Long-term financial obligation | 0 | 0 | ' | ' |
Deferred tax liabilities | -72 | -44 | ' | ' |
Deferred rents | 0 | 0 | ' | ' |
Negative carrying value of subsidiaries, net | -804 | -779 | ' | ' |
Intercompany payables | -2,172 | -418 | ' | ' |
Other long-term liabilities | 0 | 0 | ' | ' |
Total long-term liabilities | -3,048 | -1,241 | ' | ' |
Total stockholders' equity | -42,705 | -39,828 | ' | ' |
Total liabilities and stockholders' equity | -45,753 | -41,069 | ' | ' |
Parent [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 1,288 | 2,960 | 1,107 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Accounts receivable from affiliates | 0 | 0 | ' | ' |
Inventory | 0 | 0 | ' | ' |
Current portion of deferred tax assets, net | 0 | 0 | ' | ' |
Other current assets | 0 | 0 | ' | ' |
Total current assets | 1,288 | 2,960 | ' | ' |
Property and equipment, net of accumulated depreciation | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Spectrum licenses | 0 | 0 | ' | ' |
Other intangible assets, net of accumulated amortization | 0 | 0 | ' | ' |
Investments in subsidiaries, net | 13,455 | 11,484 | ' | ' |
Intercompany receivables | 0 | 0 | ' | ' |
Other assets | 2 | 2 | ' | ' |
Total assets | 14,745 | 14,446 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 0 | 0 | ' | ' |
Current payables and short-term debt to affiliates | 0 | 0 | ' | ' |
Short-term debt | 0 | 0 | ' | ' |
Deferred revenue | 0 | 0 | ' | ' |
Other current liabilities | 0 | 0 | ' | ' |
Total current liabilities | 0 | 0 | ' | ' |
Long-term debt to affiliates | 0 | 0 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Long-term financial obligation | 0 | 0 | ' | ' |
Deferred tax liabilities | 0 | 0 | ' | ' |
Deferred rents | 0 | 0 | ' | ' |
Negative carrying value of subsidiaries, net | 0 | 0 | ' | ' |
Intercompany payables | 182 | 201 | ' | ' |
Other long-term liabilities | 0 | 0 | ' | ' |
Total long-term liabilities | 182 | 201 | ' | ' |
Total stockholders' equity | 14,563 | 14,245 | ' | ' |
Total liabilities and stockholders' equity | 14,745 | 14,446 | ' | ' |
Issuer [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 1,500 | 2,698 | 1,021 | 0 |
Accounts receivable, net | 0 | 0 | ' | ' |
Accounts receivable from affiliates | 0 | 0 | ' | ' |
Inventory | 0 | 0 | ' | ' |
Current portion of deferred tax assets, net | 0 | 0 | ' | ' |
Other current assets | 14 | 0 | ' | ' |
Total current assets | 1,514 | 2,698 | ' | ' |
Property and equipment, net of accumulated depreciation | 0 | 0 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Spectrum licenses | 0 | 0 | ' | ' |
Other intangible assets, net of accumulated amortization | 0 | 0 | ' | ' |
Investments in subsidiaries, net | 29,942 | 29,123 | ' | ' |
Intercompany receivables | 2,172 | 0 | ' | ' |
Other assets | 50 | 24 | ' | ' |
Total assets | 33,678 | 31,845 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 334 | 273 | ' | ' |
Current payables and short-term debt to affiliates | 56 | 56 | ' | ' |
Short-term debt | 250 | 226 | ' | ' |
Deferred revenue | 0 | 0 | ' | ' |
Other current liabilities | 0 | 0 | ' | ' |
Total current liabilities | 640 | 555 | ' | ' |
Long-term debt to affiliates | 5,600 | 5,600 | ' | ' |
Long-term debt | 13,983 | 14,010 | ' | ' |
Long-term financial obligation | 0 | 0 | ' | ' |
Deferred tax liabilities | 0 | 0 | ' | ' |
Deferred rents | 0 | 0 | ' | ' |
Negative carrying value of subsidiaries, net | 0 | 0 | ' | ' |
Intercompany payables | 0 | 183 | ' | ' |
Other long-term liabilities | 0 | 13 | ' | ' |
Total long-term liabilities | 19,583 | 19,806 | ' | ' |
Total stockholders' equity | 13,455 | 11,484 | ' | ' |
Total liabilities and stockholders' equity | 33,678 | 31,845 | ' | ' |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 61 | 57 | 93 | 287 |
Accounts receivable, net | 3,782 | 3,541 | ' | ' |
Accounts receivable from affiliates | 87 | 41 | ' | ' |
Inventory | 791 | 586 | ' | ' |
Current portion of deferred tax assets, net | 805 | 824 | ' | ' |
Other current assets | 909 | 1,250 | ' | ' |
Total current assets | 6,435 | 6,299 | ' | ' |
Property and equipment, net of accumulated depreciation | 14,982 | 14,754 | ' | ' |
Goodwill | 1,683 | 1,683 | ' | ' |
Spectrum licenses | 21,828 | 18,122 | ' | ' |
Other intangible assets, net of accumulated amortization | 1,040 | 1,204 | ' | ' |
Investments in subsidiaries, net | 112 | 0 | ' | ' |
Intercompany receivables | 0 | 418 | ' | ' |
Other assets | 1,618 | 1,292 | ' | ' |
Total assets | 47,698 | 43,772 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 4,907 | 4,218 | ' | ' |
Current payables and short-term debt to affiliates | 180 | 143 | ' | ' |
Short-term debt | 22 | 18 | ' | ' |
Deferred revenue | 447 | 445 | ' | ' |
Other current liabilities | 598 | 313 | ' | ' |
Total current liabilities | 6,154 | 5,137 | ' | ' |
Long-term debt to affiliates | 0 | 0 | ' | ' |
Long-term debt | 386 | 335 | ' | ' |
Long-term financial obligation | 367 | 365 | ' | ' |
Deferred tax liabilities | 4,829 | 4,689 | ' | ' |
Deferred rents | 2,237 | 2,113 | ' | ' |
Negative carrying value of subsidiaries, net | 804 | 779 | ' | ' |
Intercompany payables | 1,929 | 0 | ' | ' |
Other long-term liabilities | 505 | 688 | ' | ' |
Total long-term liabilities | 11,057 | 8,969 | ' | ' |
Total stockholders' equity | 30,487 | 29,666 | ' | ' |
Total liabilities and stockholders' equity | 47,698 | 43,772 | ' | ' |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Current assets | ' | ' | ' | ' |
Cash and cash equivalents | 231 | 176 | 141 | 107 |
Accounts receivable, net | 157 | 78 | ' | ' |
Accounts receivable from affiliates | 0 | 0 | ' | ' |
Inventory | 0 | 0 | ' | ' |
Current portion of deferred tax assets, net | 15 | 15 | ' | ' |
Other current assets | 256 | 2 | ' | ' |
Total current assets | 659 | 271 | ' | ' |
Property and equipment, net of accumulated depreciation | 555 | 595 | ' | ' |
Goodwill | 0 | 0 | ' | ' |
Spectrum licenses | 0 | 0 | ' | ' |
Other intangible assets, net of accumulated amortization | 0 | 0 | ' | ' |
Investments in subsidiaries, net | 0 | 0 | ' | ' |
Intercompany receivables | 0 | 0 | ' | ' |
Other assets | 82 | 93 | ' | ' |
Total assets | 1,296 | 959 | ' | ' |
Current liabilities | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 314 | 76 | ' | ' |
Current payables and short-term debt to affiliates | 0 | 0 | ' | ' |
Short-term debt | 0 | 0 | ' | ' |
Deferred revenue | 0 | 0 | ' | ' |
Other current liabilities | 23 | 40 | ' | ' |
Total current liabilities | 337 | 116 | ' | ' |
Long-term debt to affiliates | 0 | 0 | ' | ' |
Long-term debt | 0 | 0 | ' | ' |
Long-term financial obligation | 2,135 | 2,131 | ' | ' |
Deferred tax liabilities | 0 | 0 | ' | ' |
Deferred rents | 0 | 0 | ' | ' |
Negative carrying value of subsidiaries, net | 0 | 0 | ' | ' |
Intercompany payables | 61 | 34 | ' | ' |
Other long-term liabilities | 0 | 0 | ' | ' |
Total long-term liabilities | 2,196 | 2,165 | ' | ' |
Total stockholders' equity | -1,237 | -1,322 | ' | ' |
Total liabilities and stockholders' equity | $1,296 | $959 | ' | ' |
Guarantor_Financial_Informatio4
Guarantor Financial Information (Condensed Consolidating Statement of Comprehensive Income (Loss) Information) (Details) (USD $) | 3 Months Ended | 6 Months Ended | ||
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 | Jun. 30, 2013 |
Revenues | ' | ' | ' | ' |
Service revenues | $5,484 | $4,756 | $10,821 | $8,762 |
Equipment sales | 1,600 | 1,379 | 3,048 | 1,984 |
Other revenues | 101 | 93 | 191 | 159 |
Total revenues | 7,185 | 6,228 | 14,060 | 10,905 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 1,453 | 1,327 | 2,917 | 2,436 |
Cost of equipment sales | 2,215 | 1,936 | 4,501 | 2,822 |
Selling, general and administrative | 2,151 | 1,847 | 4,247 | 3,353 |
Depreciation and amortization | 1,129 | 888 | 2,184 | 1,643 |
MetroPCS transaction and integration costs | 22 | 26 | 34 | 39 |
Restructuring costs | 0 | 23 | 0 | 54 |
Other, net | -747 | 0 | -757 | -2 |
Total operating expenses | 6,223 | 6,047 | 13,126 | 10,345 |
Operating income | 962 | 181 | 934 | 560 |
Operating expenses | ' | ' | ' | ' |
Interest expense to affiliates | -85 | -225 | -103 | -403 |
Interest expense | -271 | -109 | -547 | -160 |
Interest income | 83 | 40 | 158 | 75 |
Other income (expense), net | -12 | 118 | -18 | 112 |
Total other expense, net | -285 | -176 | -510 | -376 |
Income before income taxes | 677 | 5 | 424 | 184 |
Income tax expense | 286 | 21 | 184 | 93 |
Earnings (loss) of subsidiaries | 0 | 0 | 0 | 0 |
Net income (loss) | 391 | -16 | 240 | 91 |
Other comprehensive loss, net of tax | 0 | -38 | -3 | -39 |
Total comprehensive income (loss) | 391 | -54 | 237 | 52 |
Consolidating and Eliminating Adjustments [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Service revenues | -98 | -26 | -176 | -52 |
Equipment sales | -168 | -163 | -317 | -324 |
Other revenues | -3 | -36 | -5 | -68 |
Total revenues | -269 | -225 | -498 | -444 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 0 | -36 | 0 | -68 |
Cost of equipment sales | -180 | -180 | -345 | -355 |
Selling, general and administrative | -89 | -9 | -153 | -21 |
Depreciation and amortization | 0 | 0 | 0 | 0 |
MetroPCS transaction and integration costs | 0 | 0 | 0 | 0 |
Restructuring costs | 0 | 0 | ' | 0 |
Other, net | 0 | ' | 0 | 0 |
Total operating expenses | -269 | -225 | -498 | -444 |
Operating income | 0 | 0 | 0 | 0 |
Operating expenses | ' | ' | ' | ' |
Interest expense to affiliates | 0 | 0 | 0 | 0 |
Interest expense | 0 | 0 | 0 | 0 |
Interest income | 0 | 0 | 0 | 0 |
Other income (expense), net | 0 | 0 | 0 | 0 |
Total other expense, net | 0 | 0 | 0 | 0 |
Income before income taxes | 0 | 0 | 0 | 0 |
Income tax expense | 0 | 0 | 0 | 0 |
Earnings (loss) of subsidiaries | -1,081 | -80 | -1,004 | -358 |
Net income (loss) | -1,081 | -80 | -1,004 | -358 |
Other comprehensive loss, net of tax | 0 | -23 | 6 | -24 |
Total comprehensive income (loss) | -1,081 | -103 | -998 | -382 |
Parent [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Service revenues | 0 | 0 | 0 | 0 |
Equipment sales | 0 | 0 | 0 | 0 |
Other revenues | 0 | 0 | 0 | 0 |
Total revenues | 0 | 0 | 0 | 0 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 0 | 0 | 0 | 0 |
Cost of equipment sales | 0 | 0 | 0 | 0 |
Selling, general and administrative | 0 | 0 | 0 | 0 |
Depreciation and amortization | 0 | 0 | 0 | 0 |
MetroPCS transaction and integration costs | 0 | 0 | 0 | 0 |
Restructuring costs | 0 | 0 | ' | 0 |
Other, net | 0 | ' | 0 | 0 |
Total operating expenses | 0 | 0 | 0 | 0 |
Operating income | 0 | 0 | 0 | 0 |
Operating expenses | ' | ' | ' | ' |
Interest expense to affiliates | 0 | 0 | 0 | 0 |
Interest expense | 0 | 0 | 0 | 0 |
Interest income | 0 | 0 | 0 | 0 |
Other income (expense), net | 0 | 0 | 0 | 0 |
Total other expense, net | 0 | 0 | 0 | 0 |
Income before income taxes | 0 | 0 | 0 | 0 |
Income tax expense | 0 | 0 | 0 | 0 |
Earnings (loss) of subsidiaries | 391 | -47 | 240 | -47 |
Net income (loss) | 391 | -47 | 240 | -47 |
Other comprehensive loss, net of tax | 0 | 0 | -3 | 0 |
Total comprehensive income (loss) | 391 | -47 | 237 | -47 |
Issuer [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Service revenues | 0 | 0 | 0 | 0 |
Equipment sales | 0 | 0 | 0 | 0 |
Other revenues | 0 | 0 | 0 | 0 |
Total revenues | 0 | 0 | 0 | 0 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 0 | 0 | 0 | 0 |
Cost of equipment sales | 0 | 0 | 0 | 0 |
Selling, general and administrative | 0 | 0 | 0 | 0 |
Depreciation and amortization | 0 | 0 | 0 | 0 |
MetroPCS transaction and integration costs | 0 | 0 | 0 | 0 |
Restructuring costs | 0 | 0 | ' | 0 |
Other, net | 0 | ' | 0 | 0 |
Total operating expenses | 0 | 0 | 0 | 0 |
Operating income | 0 | 0 | 0 | 0 |
Operating expenses | ' | ' | ' | ' |
Interest expense to affiliates | -85 | -225 | -103 | -403 |
Interest expense | -212 | -53 | -426 | -54 |
Interest income | 0 | 0 | 0 | 0 |
Other income (expense), net | -14 | 120 | -22 | 114 |
Total other expense, net | -311 | -158 | -551 | -343 |
Income before income taxes | -311 | -158 | -551 | -343 |
Income tax expense | 0 | 0 | 0 | 0 |
Earnings (loss) of subsidiaries | 702 | 142 | 791 | 434 |
Net income (loss) | 391 | -16 | 240 | 91 |
Other comprehensive loss, net of tax | 0 | -38 | -3 | -39 |
Total comprehensive income (loss) | 391 | -54 | 237 | 52 |
Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Service revenues | 5,259 | 4,591 | 10,409 | 8,447 |
Equipment sales | 1,768 | 1,542 | 3,365 | 2,308 |
Other revenues | 70 | 85 | 128 | 141 |
Total revenues | 7,097 | 6,218 | 13,902 | 10,896 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 1,447 | 1,342 | 2,907 | 2,464 |
Cost of equipment sales | 2,188 | 1,994 | 4,501 | 2,926 |
Selling, general and administrative | 2,116 | 1,821 | 4,176 | 3,303 |
Depreciation and amortization | 1,108 | 867 | 2,143 | 1,602 |
MetroPCS transaction and integration costs | 22 | 26 | 34 | 39 |
Restructuring costs | 0 | 23 | ' | 54 |
Other, net | -747 | ' | -757 | -2 |
Total operating expenses | 6,134 | 6,073 | 13,004 | 10,386 |
Operating income | 963 | 145 | 898 | 510 |
Operating expenses | ' | ' | ' | ' |
Interest expense to affiliates | 0 | 0 | 0 | 0 |
Interest expense | -15 | -13 | -33 | -20 |
Interest income | 83 | 40 | 158 | 75 |
Other income (expense), net | 2 | -2 | 4 | -2 |
Total other expense, net | 70 | 25 | 129 | 53 |
Income before income taxes | 1,033 | 170 | 1,027 | 563 |
Income tax expense | 306 | 28 | 206 | 109 |
Earnings (loss) of subsidiaries | -12 | -15 | -27 | -29 |
Net income (loss) | 715 | 127 | 794 | 425 |
Other comprehensive loss, net of tax | 0 | 23 | -3 | 24 |
Total comprehensive income (loss) | 715 | 150 | 791 | 449 |
Non-Guarantor Subsidiaries [Member] | ' | ' | ' | ' |
Revenues | ' | ' | ' | ' |
Service revenues | 323 | 191 | 588 | 367 |
Equipment sales | 0 | 0 | 0 | 0 |
Other revenues | 34 | 44 | 68 | 86 |
Total revenues | 357 | 235 | 656 | 453 |
Operating expenses | ' | ' | ' | ' |
Cost of services, exclusive of depreciation and amortization shown separately below | 6 | 21 | 10 | 40 |
Cost of equipment sales | 207 | 122 | 345 | 251 |
Selling, general and administrative | 124 | 35 | 224 | 71 |
Depreciation and amortization | 21 | 21 | 41 | 41 |
MetroPCS transaction and integration costs | 0 | 0 | 0 | 0 |
Restructuring costs | 0 | 0 | ' | 0 |
Other, net | 0 | ' | 0 | 0 |
Total operating expenses | 358 | 199 | 620 | 403 |
Operating income | -1 | 36 | 36 | 50 |
Operating expenses | ' | ' | ' | ' |
Interest expense to affiliates | 0 | 0 | 0 | 0 |
Interest expense | -44 | -43 | -88 | -86 |
Interest income | 0 | 0 | 0 | 0 |
Other income (expense), net | 0 | 0 | 0 | 0 |
Total other expense, net | -44 | -43 | -88 | -86 |
Income before income taxes | -45 | -7 | -52 | -36 |
Income tax expense | -20 | -7 | -22 | -16 |
Earnings (loss) of subsidiaries | 0 | 0 | 0 | 0 |
Net income (loss) | -25 | 0 | -30 | -20 |
Other comprehensive loss, net of tax | 0 | 0 | 0 | 0 |
Total comprehensive income (loss) | ($25) | $0 | ($30) | ($20) |
Guarantor_Financial_Informatio5
Guarantor Financial Information (Condensed Consolidating Statement of Cash Flows Information) (Details) (USD $) | 6 Months Ended | |
In Millions, unless otherwise specified | Jun. 30, 2014 | Jun. 30, 2013 |
Operating activities | ' | ' |
Net cash provided by operating activities | $1,729 | $1,715 |
Investing activities | ' | ' |
Purchases of property and equipment | -1,887 | -2,126 |
Purchases of spectrum licenses and other intangible assets | -2,367 | -51 |
Investment in subsidiaries | 0 | ' |
Short term affiliate loan receivable, net | 0 | 300 |
Cash and cash equivalents acquired in MetroPCS business combination | 0 | 2,144 |
Investments in unconsolidated affiliates, net | -20 | 0 |
Other, net | -1 | -5 |
Net cash provided by (used in) investing activities | -4,275 | 262 |
Financing activities | ' | ' |
Proceeds from capital contribution | 0 | ' |
Repayments of short-term debt for purchases of property and equipment | -231 | 0 |
Repayments related to a variable interest entity | 0 | -40 |
Distribution to affiliate | 0 | -41 |
Taxes paid related to net share settlement of stock awards | -72 | 0 |
Excess tax benefit from stock-based compensation | 33 | 3 |
Proceeds from exercise of stock options | 23 | 72 |
Other, net | -18 | -3 |
Net cash used in financing activities | -265 | -9 |
Change in cash and cash equivalents | -2,811 | 1,968 |
Beginning of period | 5,891 | 394 |
End of period | 3,080 | 2,362 |
Consolidating and Eliminating Adjustments [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 0 | 0 |
Investing activities | ' | ' |
Purchases of property and equipment | 0 | 0 |
Purchases of spectrum licenses and other intangible assets | 0 | 0 |
Investment in subsidiaries | 1,700 | ' |
Short term affiliate loan receivable, net | ' | 0 |
Cash and cash equivalents acquired in MetroPCS business combination | ' | 0 |
Investments in unconsolidated affiliates, net | 0 | ' |
Other, net | 0 | 0 |
Net cash provided by (used in) investing activities | 1,700 | 0 |
Financing activities | ' | ' |
Proceeds from capital contribution | -1,700 | ' |
Repayments of short-term debt for purchases of property and equipment | 0 | ' |
Repayments related to a variable interest entity | ' | 0 |
Distribution to affiliate | ' | 0 |
Taxes paid related to net share settlement of stock awards | 0 | ' |
Excess tax benefit from stock-based compensation | 0 | 0 |
Proceeds from exercise of stock options | 0 | 0 |
Other, net | 0 | 0 |
Net cash used in financing activities | -1,700 | 0 |
Change in cash and cash equivalents | 0 | 0 |
Beginning of period | 0 | 0 |
End of period | 0 | 0 |
Parent [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 5 | 298 |
Investing activities | ' | ' |
Purchases of property and equipment | 0 | 0 |
Purchases of spectrum licenses and other intangible assets | 0 | 0 |
Investment in subsidiaries | -1,700 | ' |
Short term affiliate loan receivable, net | ' | 0 |
Cash and cash equivalents acquired in MetroPCS business combination | ' | 737 |
Investments in unconsolidated affiliates, net | 0 | ' |
Other, net | 0 | 0 |
Net cash provided by (used in) investing activities | -1,700 | 737 |
Financing activities | ' | ' |
Proceeds from capital contribution | 0 | ' |
Repayments of short-term debt for purchases of property and equipment | 0 | ' |
Repayments related to a variable interest entity | ' | 0 |
Distribution to affiliate | ' | 0 |
Taxes paid related to net share settlement of stock awards | 0 | ' |
Excess tax benefit from stock-based compensation | 0 | 0 |
Proceeds from exercise of stock options | 23 | 72 |
Other, net | 0 | 0 |
Net cash used in financing activities | 23 | 72 |
Change in cash and cash equivalents | -1,672 | 1,107 |
Beginning of period | 2,960 | 0 |
End of period | 1,288 | 1,107 |
Issuer [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | -2,898 | -386 |
Investing activities | ' | ' |
Purchases of property and equipment | 0 | 0 |
Purchases of spectrum licenses and other intangible assets | 0 | 0 |
Investment in subsidiaries | 0 | ' |
Short term affiliate loan receivable, net | ' | 0 |
Cash and cash equivalents acquired in MetroPCS business combination | ' | 1,407 |
Investments in unconsolidated affiliates, net | 0 | ' |
Other, net | 0 | 0 |
Net cash provided by (used in) investing activities | 0 | 1,407 |
Financing activities | ' | ' |
Proceeds from capital contribution | 1,700 | ' |
Repayments of short-term debt for purchases of property and equipment | 0 | ' |
Repayments related to a variable interest entity | ' | 0 |
Distribution to affiliate | ' | 0 |
Taxes paid related to net share settlement of stock awards | 0 | ' |
Excess tax benefit from stock-based compensation | 0 | 0 |
Proceeds from exercise of stock options | 0 | 0 |
Other, net | 0 | 0 |
Net cash used in financing activities | 1,700 | 0 |
Change in cash and cash equivalents | -1,198 | 1,021 |
Beginning of period | 2,698 | 0 |
End of period | 1,500 | 1,021 |
Guarantor Subsidiaries [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 4,567 | 1,769 |
Investing activities | ' | ' |
Purchases of property and equipment | -1,887 | -2,126 |
Purchases of spectrum licenses and other intangible assets | -2,367 | -51 |
Investment in subsidiaries | 0 | ' |
Short term affiliate loan receivable, net | ' | 300 |
Cash and cash equivalents acquired in MetroPCS business combination | ' | 0 |
Investments in unconsolidated affiliates, net | -20 | ' |
Other, net | -1 | -5 |
Net cash provided by (used in) investing activities | -4,275 | -1,882 |
Financing activities | ' | ' |
Proceeds from capital contribution | 0 | ' |
Repayments of short-term debt for purchases of property and equipment | -231 | ' |
Repayments related to a variable interest entity | ' | -40 |
Distribution to affiliate | ' | -41 |
Taxes paid related to net share settlement of stock awards | -72 | ' |
Excess tax benefit from stock-based compensation | 33 | 3 |
Proceeds from exercise of stock options | 0 | 0 |
Other, net | -18 | -3 |
Net cash used in financing activities | -288 | -81 |
Change in cash and cash equivalents | 4 | -194 |
Beginning of period | 57 | 287 |
End of period | 61 | 93 |
Non-Guarantor Subsidiaries [Member] | ' | ' |
Operating activities | ' | ' |
Net cash provided by operating activities | 55 | 34 |
Investing activities | ' | ' |
Purchases of property and equipment | 0 | 0 |
Purchases of spectrum licenses and other intangible assets | 0 | 0 |
Investment in subsidiaries | 0 | ' |
Short term affiliate loan receivable, net | ' | 0 |
Cash and cash equivalents acquired in MetroPCS business combination | ' | 0 |
Investments in unconsolidated affiliates, net | 0 | ' |
Other, net | 0 | 0 |
Net cash provided by (used in) investing activities | 0 | 0 |
Financing activities | ' | ' |
Proceeds from capital contribution | 0 | ' |
Repayments of short-term debt for purchases of property and equipment | 0 | ' |
Repayments related to a variable interest entity | ' | 0 |
Distribution to affiliate | ' | 0 |
Taxes paid related to net share settlement of stock awards | 0 | ' |
Excess tax benefit from stock-based compensation | 0 | 0 |
Proceeds from exercise of stock options | 0 | 0 |
Other, net | 0 | 0 |
Net cash used in financing activities | 0 | 0 |
Change in cash and cash equivalents | 55 | 34 |
Beginning of period | 176 | 107 |
End of period | $231 | $141 |
Subsequent_Events_Details
Subsequent Events (Details) (Subsequent Event [Member], USD $) | 6 Months Ended |
In Millions, unless otherwise specified | Dec. 31, 2014 |
Minimum [Member] | ' |
Subsequent Event [Line Items] | ' |
Network decommissioning, expected costs | $250 |
Maximum [Member] | ' |
Subsequent Event [Line Items] | ' |
Network decommissioning, expected costs | $300 |