T-Mobile US, Inc (TMUS) has reported an 165.22 percent jump in profit for the quarter ended Sep. 30, 2016. The company has earned $366 million, or $0.42 a share in the quarter, compared with $138 million, or $0.15 a share for the same period last year.
Revenue during the quarter grew 17.80 percent to $9,246 million from $7,849 million in the previous year period. Gross margin for the quarter contracted 15 basis points over the previous year period to 57.01 percent. Total expenses were 89.30 percent of quarterly revenues, down from 93.46 percent for the same period last year. This has led to an improvement of 416 basis points in operating margin to 10.70 percent.
Operating income for the quarter was $989 million, compared with $513 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $2,630 million compared with $1,908 million in the prior year period. At the same time, adjusted EBITDA margin improved 414 basis points in the quarter to 28.44 percent from 24.31 percent in the last year period.
Operating cash flow improves significantly
T-Mobile US, Inc has generated cash of $4,533 million from operating activities during the nine month period, up 42.50 percent or $1,352 million, when compared with the last year period.
The company has spent $4,386 million cash to meet investing activities during the nine month period as against cash outgo of $5,238 million in the last year period.
Cash flow from financing activities was $623 million for the nine month period as against cash outgo of $625 million in the last year period.
Cash and cash equivalents stood at $5,352 million as on Sep. 30, 2016, up 103.27 percent or $2,719 million from $2,633 million on Sep. 30, 2015.
Working capital increases sharply
T-Mobile US, Inc has recorded an increase in the working capital over the last year. It stood at $5,411 million as at Sep. 30, 2016, up 41.91 percent or $1,598 million from $3,813 million on Sep. 30, 2015. Current ratio was at 1.67 as on Sep. 30, 2016, up from 1.43 on Sep. 30, 2015.
Days sales outstanding went down to 45 days for the quarter compared with 62 days for the same period last year.
Days inventory outstanding has decreased to 12 days for the quarter compared with 32 days for the previous year period.
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