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T-Mobile US (TMUS) Cash Flow Waterfall

Trace T-Mobile US's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

Operating CF

$28.32B

Capex

−$10.13B

Free Cash Flow

$18.20B

FCF Margin

+64.2%

Cash flow waterfall for T-Mobile US (TMUS) — TTM through Q1 2026

Free cash flow: $18.20B

Cash flow breakdown for T-Mobile US (TMUS) — TTM through Q1 2026

  • Operating Cash Flow$28.32B
  • Capital Expenditure−$10.13B
  • Free Cash Flow$18.20B
  • Acquisitions−$2.80B
  • Other Investing−$4.12B
  • Share Buybacks−$12.31B
  • Dividends Paid−$4.24B
  • Net Debt Change−$2.46B
  • Other Financing & FX−$413.00M
  • Net Cash Decrease−$8.14B
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Data & methodology