Attached files
| file | filename |
|---|---|
| 10-K - TMUS FORM 10-K - T-Mobile US, Inc. | tmus12312016form10-k.htm |
| EX-32.2 - TMUS EXHIBIT 32.2 - T-Mobile US, Inc. | tmus12312016ex322.htm |
| EX-32.1 - TMUS EXHIBIT 32.1 - T-Mobile US, Inc. | tmus12312016ex321.htm |
| EX-31.2 - TMUS EXHIBIT 31.2 - T-Mobile US, Inc. | tmus12312016ex312.htm |
| EX-31.1 - TMUS EXHIBIT 31.1 - T-Mobile US, Inc. | tmus12312016ex311.htm |
| EX-23.1 - TMUS EXHIBIT 23.1 - T-Mobile US, Inc. | tmus12312016ex231.htm |
| EX-21.1 - TMUS EXHIBIT 21.1 - T-Mobile US, Inc. | tmus12312016ex211.htm |
| EX-10.47 - TMUS EXHIBIT 10.47 - T-Mobile US, Inc. | tmus12312016ex1047.htm |
| EX-10.44 - TMUS EXHIBIT 10.44 - T-Mobile US, Inc. | tmus12312016ex1044.htm |
| EX-10.41 - TMUS EXHIBIT 10.41 - T-Mobile US, Inc. | tmus12312016ex1041.htm |
| EX-10.33 - TMUS EXHIBIT 10.33 - T-Mobile US, Inc. | tmus12312016ex1033.htm |
| EX-10.29 - TMUS EXHIBIT 10.29 - T-Mobile US, Inc. | tmus12312016ex1029.htm |
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends
Year Ended December 31, | |||||||||||||||||||
(in millions, except ratio) | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
Earnings available for fixed charges: | |||||||||||||||||||
Income (loss) before income taxes and earnings from unconsolidated affiliates | $ | 2,331 | $ | 990 | $ | 461 | $ | 94 | $ | (6,991 | ) | ||||||||
Adjustments: | |||||||||||||||||||
Fixed charges | 2,799 | 2,656 | 2,377 | 2,118 | 1,474 | ||||||||||||||
Amortization of capitalized interest | 60 | 49 | 35 | 34 | 34 | ||||||||||||||
Capitalized interest | (142 | ) | (230 | ) | (81 | ) | (5 | ) | (9 | ) | |||||||||
Earnings available for fixed charges | $ | 5,048 | $ | 3,465 | $ | 2,792 | $ | 2,241 | $ | (5,492 | ) | ||||||||
Fixed charges and combined fixed charges and preferred stock dividends: | |||||||||||||||||||
Interest expense including capitalized interest | $ | 1,871 | $ | 1,726 | $ | 1,433 | $ | 1,229 | $ | 686 | |||||||||
Portion of rent expense representative of interest (1) | 928 | 930 | 944 | 889 | 788 | ||||||||||||||
Fixed charges | $ | 2,799 | $ | 2,656 | $ | 2,377 | $ | 2,118 | $ | 1,474 | |||||||||
Dividends on preferred stock (pre-tax) | 88 | 73 | — | — | — | ||||||||||||||
Combined fixed charges and preferred stock dividends | $ | 2,887 | $ | 2,729 | $ | 2,377 | $ | 2,118 | $ | 1,474 | |||||||||
Ratio of earnings to fixed charges (2) | 1.80 | 1.30 | 1.17 | 1.06 | — | ||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends (2) | 1.75 | 1.27 | 1.17 | 1.06 | — | ||||||||||||||
(1) | The portion of total rental expense that represents interest factor is estimated to be 33%. |
(2) | Due primarily to T-Mobile USA, Inc.'s non-cash impairment charges in the year ended December 31, 2012, the ratio coverage was less than 1:1 in this period. T-Mobile, Inc. would have needed to generate additional earnings of $7.0 billion in the year ended December 31, 2012, to achieve a coverage of 1:1 in this period. |