Strong Financial Performance (all percentages year-over-year):
• Service revenues up 6.5% to $7.8 billion - expect to lead industry for the 16th consecutive quarter
• Total revenues up 8.8% to $10.5 billion - expect to lead industry for the 19th time in the past 20 quarters
• Net income down 4% to $671 millionand diluted earnings per share (EPS) of $0.78. Excluding after-tax spectrum
gains in Q1 2017 of $23 million and certain net tax benefits related to a valuation allowance release recognized
in Q1 2017 of $270 million, net income and EPS increased $266 million and $0.30, respectively.
• Adjusted EBITDA(1) up 10.8% to $3.0 billion - up 12.4% excluding $37.0 million of spectrum gains in Q1 2017
• Net cash provided by operating activities(3) up 27% to $770 million
• Free Cash Flow(1)(3) up 261% to $668 million
Quarterly Results | T-Mobile
