Guarantor Financial Information (Tables)

3 Months Ended

Mar. 31, 2017

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Consolidating Balance Sheet Information

Condensed Consolidating Balance Sheet Information

March 31, 2017

(in millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Assets
Current assets
Cash and cash equivalents	$	360	$	3,138	$	3,937	$	66		$	—		$	7,501
Accounts receivable, net	—		—		1,618		233			—			1,851
Equipment installment plan receivables, net	—		—		1,880		—			—			1,880
Accounts receivable from affiliates	—		6		37		—			(6		)	37
Inventories	—		—		1,021		—			—			1,021
Asset purchase deposit	—		—		2,203		—			—			2,203
Other current assets	—		—		831		575			—			1,406
Total current assets	360		3,144		11,527		874			(6		)	15,899
Property and equipment, net (1)	—		—		20,878		357			—			21,235
Goodwill	—		—		1,683		—			—			1,683
Spectrum licenses	—		—		27,150		—			—			27,150
Other intangible assets, net	—		—		338		—			—			338
Investments in subsidiaries, net	18,381		36,147		—		—			(54,528		)	—
Intercompany receivables	222		8,302		—		—			(8,524		)	—
Equipment installment plan receivables due after one year, net	—		—		975		—			—			975
Other assets	—		7		464		297			—			768
Total assets	$	18,963	$	47,600	$	63,015	$	1,528		$	(63,058	)	$	68,048
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	—	$	279	$	5,596	$	285		$	—		$	6,160
Payables to affiliates	—		198		64		—			(6		)	256
Short-term debt	—		7,116		426		—			—			7,542
Deferred revenue	—		—		934		—			—			934
Other current liabilities	—		—		247		146			—			393
Total current liabilities	—		7,593		7,267		431			(6		)	15,285
Long-term debt	—		11,918		1,187		—			—			13,105
Long-term debt to affiliates	—		9,600		—		—			—			9,600
Tower obligations (1)	—		—		399		2,215			—			2,614
Deferred tax liabilities	—		—		4,842		—			—			4,842
Deferred rent expense	—		—		2,635		—			—			2,635
Negative carrying value of subsidiaries, net	—		—		582		—			(582		)	—
Intercompany payables	—		—		8,298		226			(8,524		)	—
Other long-term liabilities	—		108		893		3			—			1,004
Total long-term liabilities	—		21,626		18,836		2,444			(9,106		)	33,800
Total stockholders' equity (deficit)	18,963		18,381		36,912		(1,347		)	(53,946		)	18,963
Total liabilities and stockholders' equity	$	18,963	$	47,600	$	63,015	$	1,528		$	(63,058	)	$	68,048

(1) Assets and liabilities for Non-Guarantor Subsidiaries are primarily included in VIEs related to the 2012 Tower Transaction. See Note 8 – Tower Obligations included in the Annual Report on Form 10-K for the year ended December 31, 2016.

Condensed Consolidating Balance Sheet Information

December 31, 2016

(in millions)	Parent		Issuer		Guarantor Subsidiaries		Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Assets
Current assets
Cash and cash equivalents	$	358	$	2,733	$	2,342	$	67		$	—		$	5,500
Accounts receivable, net	—		—		1,675		221			—			1,896
Equipment installment plan receivables, net	—		—		1,930		—			—			1,930
Accounts receivable from affiliates	—		—		40		—			—			40
Inventories	—		—		1,111		—			—			1,111
Asset purchase deposit	—		—		2,203		—			—			2,203
Other current assets	—		—		972		565			—			1,537
Total current assets	358		2,733		10,273		853			—			14,217
Property and equipment, net (1)	—		—		20,568		375			—			20,943
Goodwill	—		—		1,683		—			—			1,683
Spectrum licenses	—		—		27,014		—			—			27,014
Other intangible assets, net	—		—		376		—			—			376
Investments in subsidiaries, net	17,682		35,095		—		—			(52,777		)	—
Intercompany receivables	196		6,826		—		—			(7,022		)	—
Equipment installment plan receivables due after one year, net	—		—		984		—			—			984
Other assets	—		7		600		262			(195		)	674
Total assets	$	18,236	$	44,661	$	61,498	$	1,490		$	(59,994	)	$	65,891
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable and accrued liabilities	$	—	$	423	$	6,474	$	255		$	—		$	7,152
Payables to affiliates	—		79		46		—			—			125
Short-term debt	—		20		334		—			—			354
Deferred revenue	—		—		986		—			—			986
Other current liabilities	—		—		258		147			—			405
Total current liabilities	—		522		8,098		402			—			9,022
Long-term debt	—		20,741		1,091		—			—			21,832
Long-term debt to affiliates	—		5,600		—		—			—			5,600
Tower obligations (1)	—		—		400		2,221			—			2,621
Deferred tax liabilities	—		—		5,133		—			(195		)	4,938
Deferred rent expense	—		—		2,616		—			—			2,616
Negative carrying value of subsidiaries, net	—		—		568		—			(568		)	—
Intercompany payables	—		—		6,785		237			(7,022		)	—
Other long-term liabilities	—		116		906		4			—			1,026
Total long-term liabilities	—		26,457		17,499		2,462			(7,785		)	38,633
Total stockholders' equity (deficit)	18,236		17,682		35,901		(1,374		)	(52,209		)	18,236
Total liabilities and stockholders' equity	$	18,236	$	44,661	$	61,498	$	1,490		$	(59,994	)	$	65,891

(1) Assets and liabilities for Non-Guarantor Subsidiaries are primarily included in VIEs related to the 2012 Tower Transaction. See Note 8 – Tower Obligations included in the Annual Report on Form 10-K for the year ended December 31, 2016.

Schedule of Condensed Consolidating Statement of Comprehensive Income Information

Condensed Consolidating Statement of Comprehensive Income Information

Three Months Ended March 31, 2017

(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated
Revenues
Service revenues	$	—		$	—		$	7,018		$	525		$	(214	)	$	7,329
Equipment revenues	—			—			2,143			—			(100		)	2,043
Other revenues	—			—			194			52			(5		)	241
Total revenues	—			—			9,355			577			(319		)	9,613
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			1,402			6			—			1,408
Cost of equipment sales	—			—			2,540			246			(100		)	2,686
Selling, general and administrative	—			—			2,928			246			(219		)	2,955
Depreciation and amortization	—			—			1,546			18			—			1,564
Cost of MetroPCS business combination	—			—			—			—			—			—
Gains on disposal of spectrum licenses	—			—			(37		)	—			—			(37		)
Total operating expenses	—			—			8,379			516			(319		)	8,576
Operating income	—			—			976			61			—			1,037
Other income (expense)
Interest expense	—			(264		)	(27		)	(48		)	—			(339		)
Interest expense to affiliates	—			(99		)	(7		)	—			6			(100		)
Interest income	—			9			4			—			(6		)	7
Other income (expense), net	—			3			(1		)	—			—			2
Total other expense, net	—			(351		)	(31		)	(48		)	—			(430		)
Income (loss) before income taxes	—			(351		)	945			13			—			607
Income tax benefit (expense)	—			—			96			(5		)	—			91
Earnings (loss) of subsidiaries	698			1,049			(31		)	—			(1,716		)	—
Net income	698			698			1,010			8			(1,716		)	698
Dividends on preferred stock	(14		)	—			—			—			—			(14		)
Net income attributable to common stockholders	$	684		$	698		$	1,010		$	8		$	(1,716	)	$	684
Net Income	$	698		$	698		$	1,010		$	8		$	(1,716	)	$	698
Other comprehensive income, net of tax
Other comprehensive income, net of tax	1			1			1			1			(3		)	1
Total comprehensive income	$	699		$	699		$	1,011		$	9		$	(1,719	)	$	699

Condensed Consolidating Statement of Comprehensive Income Information

Three Months Ended March 31, 2016

(in millions)	Parent			Issuer			Guarantor Subsidiaries (As adjusted - See Note 1)				Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments			Consolidated (As adjusted - See Note 1)
Revenues
Service revenues	$	—		$	—		$	6,287			$	463		$	(172	)	$	6,578
Equipment revenues	—			—			1,981				—			(130		)	1,851
Other revenues	—			—			191			(1)	48			(4		)	235
Total revenues	—			—			8,459			(1)	511			(306		)	8,664
Operating expenses
Cost of services, exclusive of depreciation and amortization shown separately below	—			—			1,415				6			—			1,421
Cost of equipment sales	—			—			2,287				217			(130		)	2,374
Selling, general and administrative	—			—			2,724				201			(176		)	2,749
Depreciation and amortization	—			—			1,532				20			—			1,552
Cost of MetroPCS business combination	—			—			36				—			—			36
Gains on disposal of spectrum licenses	—			—			(636		)		—			—			(636		)
Total operating expenses	—			—			7,358				444			(306		)	7,496
Operating income	—			—			1,101			(1)	67			—			1,168
Other income (expense)
Interest expense	—			(274		)	(17		)		(48		)	—			(339		)
Interest expense to affiliates	—			(79		)	—				—			—			(79		)
Interest income (expense)	—			8			(5		)	(1)	—			—			3
Other expense, net	—			—			(2		)		—			—			(2		)
Total other expense, net	—			(345		)	(24		)	(1)	(48		)	—			(417		)
Income (loss) before income taxes	—			(345		)	1,077				19			—			751
Income tax expense	—			—			(263		)		(9		)	—			(272		)
Earnings (loss) of subsidiaries	479			824			(10		)		—			(1,293		)	—
Net income	479			479			804				10			(1,293		)	479
Dividends on preferred stock	(14		)	—			—				—			—			(14		)
Net income attributable to common stockholders	$	465		$	479		$	804			$	10		$	(1,293	)	$	465
Net income	$	479		$	479		$	804			$	10		$	(1,293	)	$	479
Other comprehensive loss, net of tax
Other comprehensive loss, net of tax	(3		)	(3		)	(3		)		—			6			(3		)
Total comprehensive income	$	476		$	476		$	801			$	10		$	(1,287	)	$	476

(1) The amortized imputed discount on EIP receivables previously recognized as Interest income has been retrospectively reclassified as Other revenues. See Note 1 Basis of Presentation for further detail.

Schedule of Condensed Consolidating Statement of Cash Flows Information

Condensed Consolidating Statement of Cash Flows Information

Three Months Ended March 31, 2017

(in millions)	Parent			Issuer			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Consolidating and Eliminating Adjustments		Consolidated
Operating activities
Net cash provided by (used in) operating activities	$	1		$	(5,090	)	$	6,803		$	(1	)	$	—	$	1,713
Investing activities
Purchases of property and equipment	—			—			(1,528		)	—			—		(1,528		)
Purchases of spectrum licenses and other intangible assets, including deposits	—			—			(14		)	—			—		(14		)
Other, net	—			—			(8		)	—			—		(8		)
Net cash used in investing activities	—			—			(1,550		)	—			—		(1,550		)
Financing activities
Proceeds from issuance of long-term debt	—			5,495			—			—			—		5,495
Repayments of capital lease obligations	—			—			(90		)	—			—		(90		)
Repayments of long-term debt	—			—			(3,480		)	—			—		(3,480		)
Tax withholdings on share-based awards	—			—			(92		)	—			—		(92		)
Dividends on preferred stock	(14		)	—			—			—			—		(14		)
Other, net	15			—			4			—			—		19
Net cash (used in) provided by financing activities	1			5,495			(3,658		)	—			—		1,838
Change in cash and cash equivalents	2			405			1,595			(1		)	—		2,001
Cash and cash equivalents
Beginning of period	358			2,733			2,342			67			—		5,500
End of period	$	360		$	3,138		$	3,937		$	66		$	—	$	7,501

Condensed Consolidating Statement of Cash Flows Information

Three Months Ended March 31, 2016

(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	)	$	1,283		$	40	$	—	$	1,025
Investing activities
Purchases of property and equipment	—			—			(1,335		)	—		—		(1,335		)
Purchases of spectrum licenses and other intangible assets, including deposits	—			—			(594		)	—		—		(594		)
Sales of short-term investments	—			—			75			—		—		75
Other, net	—			—			(6		)	—		—		(6		)
Net cash used in investing activities	—			—			(1,860		)	—		—		(1,860		)
Financing activities
Repayments of capital lease obligations	—			—			(36		)	—		—		(36		)
Repayments of long-term debt	—			—			(5		)	—		—		(5		)
Tax withholdings on share-based awards	—			—			(46		)	—		—		(46		)
Dividends on preferred stock	(14		)	—			—			—		—		(14		)
Other, net	1			—			—			—		—		1
Net cash used in financing activities	(13		)	—			(87		)	—		—		(100		)
Change in cash and cash equivalents	(13		)	(298		)	(664		)	40		—		(935		)
Cash and cash equivalents
Beginning of period	378			1,767			2,364			73		—		4,582
End of period	$	365		$	1,469		$	1,700		$	113	$	—	$	3,647