Guarantor Financial Information (Tables)

6 Months Ended

Jun. 30, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information

June 30, 2015

(in millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Assets
Current assets
Cash and cash equivalents	$	393	$	870	$	1,316	$	63		$	—		$	2,642
Accounts receivable, net	—		—		1,787		40			—			1,827
Equipment installment plan receivables, net	—		—		3,503		—			—			3,503
Accounts receivable from affiliates	—		—		52		—			—			52
Inventories	—		—		1,135		—			—			1,135
Deferred tax assets, net	—		—		1,479		—			—			1,479
Other current assets	—		—		780		239			—			1,019
Total current assets	393		870		10,052		342			—			11,657
Property and equipment, net (1)	—		—		16,415		495			—			16,910
Goodwill	—		—		1,683		—			—			1,683
Spectrum licenses	—		—		24,272		—			—			24,272
Other intangible assets, net	—		—		735		—			—			735
Investments in subsidiaries, net	15,725		31,193		—		—			(46,918		)	—
Intercompany receivables	—		5,866		—		—			(5,866		)	—
Equipment installment plan receivables due after one year, net	—		—		1,611		—			—			1,611
Other assets	2		16		293		149			(140		)	320
Total assets	$	16,120	$	37,945	$	55,061	$	986		$	(52,924	)	$	57,188
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	—	$	351	$	6,198	$	96		$	—		$	6,645
Current payables to affiliates	—		59		42		—			—			101
Short-term debt	—		315		71		—			—			386
Deferred revenue	—		—		574		—			—			574
Other current liabilities	—		—		494		64			—			558
Total current liabilities	—		725		7,379		160			—			8,264
Long-term debt	—		15,868		518		—			—			16,386
Long-term debt to affiliates	—		5,600		—		—			—			5,600
Long-term financial obligation (1)	—		—		272		2,254			—			2,526
Deferred tax liabilities	—		—		5,446		—			(140		)	5,306
Deferred rents	—		—		2,411		—			—			2,411
Negative carrying value of subsidiaries, net	—		—		785		—			(785		)	—
Intercompany payables	67		—		5,725		74			(5,866		)	—
Other long-term liabilities	—		27		615		—			—			642
Total long-term liabilities	67		21,495		15,772		2,328			(6,791		)	32,871
Total stockholders' equity	16,053		15,725		31,910		(1,502		)	(46,133		)	16,053
Total liabilities and stockholders' equity	$	16,120	$	37,945	$	55,061	$	986		$	(52,924	)	$	57,188

⁽¹⁾  Assets and liabilities for Non-Guarantor Subsidiaries are primarily included in VIEs related to the Tower Transaction. See Note 9 – Tower Transaction and Related Long-Term Financial Obligation included in the Annual Report on Form 10-K for the year ended December 31, 2014.

Condensed Consolidating Balance Sheet Information

December 31, 2014

(in millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Assets
Current assets
Cash and cash equivalents	$	2,278	$	2,246	$	697	$	94		$	—		$	5,315
Accounts receivable, net	—		—		1,817		48			—			1,865
Equipment installment plan receivables, net	—		—		3,062		—			—			3,062
Accounts receivable from affiliates	—		—		76		—			—			76
Inventories	—		—		1,085		—			—			1,085
Deferred tax assets, net	—		—		988		—			—			988
Other current assets	—		3		1,341		249			—			1,593
Total current assets	2,278		2,249		9,066		391			—			13,984
Property and equipment, net (1)	—		—		15,708		537			—			16,245
Goodwill	—		—		1,683		—			—			1,683
Spectrum licenses	—		—		21,955		—			—			21,955
Other intangible assets, net	—		—		870		—			—			870
Investments in subsidiaries, net	13,470		30,385		—		—			(43,855		)	—
Intercompany receivables	—		2,773		—		—			(2,773		)	—
Equipment installment plan receivables due after one year, net	—		—		1,628		—			—			1,628
Other assets	2		17		259		124			(114		)	288
Total assets	$	15,750	$	35,424	$	51,169	$	1,052		$	(46,742	)	$	56,653
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	—	$	349	$	6,914	$	101		$	—		$	7,364
Current payables to affiliates	—		56		175		—			—			231
Short-term debt	—		63		24		—			—			87
Deferred revenue	—		—		459		—			—			459
Other current liabilities	—		—		580		55			—			635
Total current liabilities	—		468		8,152		156			—			8,776
Long-term debt	—		15,886		387		—			—			16,273
Long-term debt to affiliates	—		5,600		—		—			—			5,600
Long-term financial obligation (1)	—		—		271		2,250			—			2,521
Deferred tax liabilities	—		—		4,987		—			(114		)	4,873
Deferred rents	—		—		2,331		—			—			2,331
Negative carrying value of subsidiaries, net	—		—		780		—			(780		)	—
Intercompany payables	87		—		2,589		97			(2,773		)	—
Other long-term liabilities	—		—		616		—			—			616
Total long-term liabilities	87		21,486		11,961		2,347			(3,667		)	32,214
Total stockholders' equity	15,663		13,470		31,056		(1,451		)	(43,075		)	15,663
Total liabilities and stockholders' equity	$	15,750	$	35,424	$	51,169	$	1,052		$	(46,742	)	$	56,653

⁽¹⁾  Assets and liabilities for Non-Guarantor Subsidiaries are primarily included in VIEs related to the Tower Transaction. See Note 9 – Tower Transaction and Related Long-Term Financial Obligation included in the Annual Report on Form 10-K for the year ended December 31, 2014.

Schedule of Condensed Consolidating Statement of Comprehensive Income (Loss) Information

Condensed Consolidating Statement of Comprehensive Income Information

Three Months Ended June 30, 2015

(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues
Service revenues	$	—		$	—		$	5,879		$	410		$	(145	)	$	6,144
Equipment revenues	—			—			2,034			—			(119		)	1,915
Other revenues	—			—			82			42			(4		)	120
Total revenues	—			—			7,995			452			(268		)	8,179
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			1,391			6			—			1,397
Cost of equipment sales	—			—			2,587			193			(119		)	2,661
Selling, general and administrative	—			—			2,406			181			(149		)	2,438
Depreciation and amortization	—			—			1,054			21			—			1,075
Cost of MetroPCS business combination	—			—			34			—			—			34
Gains on disposal of spectrum licenses	—			—			(23		)	—			—			(23		)
Total operating expenses	—			—			7,449			401			(268		)	7,582
Operating income	—			—			546			51			—			597
Other income (expense)
Interest expense to affiliates	—			(92		)	—			—			—			(92		)
Interest expense	—			(201		)	(9		)	(47		)	—			(257		)
Interest income	—			—			114			—			—			114
Other income (expense), net	—			—			1			—			—			1
Total other income (expense), net	—			(293		)	106			(47		)	—			(234		)
Income (loss) before income taxes	—			(293		)	652			4			—			363
Income tax expense (benefit)	—			—			(1		)	3			—			2
Earnings (loss) of subsidiaries	361			654			(13		)	—			(1,002		)	—
Net income	361			361			640			1			(1,002		)	361
Dividends on preferred stock	(14		)	—			—			—			—			(14		)
Net income attributable to common stockholders	$	347		$	361		$	640		$	1		$	(1,002	)	$	347
Other comprehensive income (loss), net of tax
Other comprehensive income (loss), net of tax	—			—			—			—			—			—
Total comprehensive income	$	361		$	361		$	640		$	1		$	(1,002	)	$	361

Condensed Consolidating Statement of Comprehensive Income 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 revenues	—		—			1,768			—			(168		)	1,600
Other revenues	—		—			70			34			(3		)	101
Total revenues	—		—			7,097			357			(269		)	7,185
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—		—			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
Cost of MetroPCS business combination	—		—			22			—			—			22
Gains on disposal of spectrum licenses	—		—			(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 income (loss), net of tax
Other comprehensive income (loss), net of tax	—		—			—			—			—			—
Total comprehensive income (loss)	$	391	$	391		$	715		$	(25	)	$	(1,081	)	$	391

Condensed Consolidating Statement of Comprehensive Income Information

Six Months Ended June 30, 2015

(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues
Service revenues	$	—		$	—		$	11,441		$	799		$	(277	)	$	11,963
Equipment revenues	—			—			3,961			—			(195		)	3,766
Other revenues	—			—			151			84			(7		)	228
Total revenues	—			—			15,553			883			(479		)	15,957
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			2,780			12			—			2,792
Cost of equipment sales	—			—			5,192			343			(195		)	5,340
Selling, general and administrative	—			—			4,746			348			(284		)	4,810
Depreciation and amortization	—			—			2,119			43			—			2,162
Cost of MetroPCS business combination	—			—			162			—			—			162
Gains on disposal of spectrum licenses	—			—			(23		)	—			—			(23		)
Total operating expenses	—			—			14,976			746			(479		)	15,243
Operating income	—			—			577			137			—			714
Other income (expense)
Interest expense to affiliates	—			(156		)	—			—			—			(156		)
Interest expense	—			(401		)	(23		)	(94		)	—			(518		)
Interest income	—			—			226			—			—			226
Other income (expense), net	—			(8		)	1			—			—			(7		)
Total other income (expense), net	—			(565		)	204			(94		)	—			(455		)
Income (loss) before income taxes	—			(565		)	781			43			—			259
Income tax expense (benefit)	—			—			(49		)	10			—			(39		)
Earnings (loss) of subsidiaries	298			863			(25		)	—			(1,136		)	—
Net income	298			298			805			33			(1,136		)	298
Dividends on preferred stock	(28		)	—			—			—			—			(28		)
Net income attributable to common stockholders	$	270		$	298		$	805		$	33		$	(1,136	)	$	270
Other comprehensive income (loss), net of tax
Other comprehensive income (loss), net of tax	—			—			—			—			—			—
Total comprehensive income	$	298		$	298		$	805		$	33		$	(1,136	)	$	298

Condensed Consolidating Statement of Comprehensive Income 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 revenues	—			—			3,365			—			(317		)	3,048
Other revenues	—			—			128			68			(5		)	191
Total revenues	—			—			13,902			656			(498		)	14,060
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			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
Cost of MetroPCS business combination	—			—			34			—			—			34
Gains on disposal of spectrum licenses	—			—			(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
Other comprehensive loss, net of tax	(3		)	(3		)	(3		)	—			6			(3		)
Total comprehensive income (loss)	$	237		$	237		$	791		$	(30	)	$	(998	)	$	237

Schedule of Condensed Consolidating Statement of Cash Flows Information

Condensed Consolidating Statement of Cash Flows Information

Six Months Ended June 30, 2015

(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	(4	)	$	(3,281	)	$	4,966		$	74		$	(105	)	$	1,650
Investing activities
Purchases of property and equipment	—			—			(2,173		)	—			—			(2,173		)
Purchases of spectrum licenses and other intangible assets	—			—			(1,844		)	—			—			(1,844		)
Investment in subsidiaries	(1,905		)	—			—			—			1,905			—
Other, net	—			—			(12		)	—			—			(12		)
Net cash used in investing activities	(1,905		)	—			(4,029		)	—			1,905			(4,029		)
Financing activities
Proceeds from capital contribution	—			1,905			—			—			(1,905		)	—
Repayments of short-term debt for purchases of inventory, property and equipment, net	—			—			(248		)	—			—			(248		)
Intercompany dividend paid	—			—			—			(105		)	105			—
Other, net	24			—			(70		)	—			—			(46		)
Net cash provided by (used in) financing activities	24			1,905			(318		)	(105		)	(1,800		)	(294		)
Change in cash and cash equivalents	(1,885		)	(1,376		)	619			(31		)	—			(2,673		)
Cash and cash equivalents
Beginning of period	2,278			2,246			697			94			—			5,315
End of period	$	393		$	870		$	1,316		$	63		$	—		$	2,642

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		)
Investments in subsidiaries	(1,700		)	—			—			—		1,700			—
Other, net	—			—			(21		)	—		—			(21		)
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		)
Other, net	23			—			(57		)	—		—			(34		)
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