T-Mobile USA is happy (and understandably so) to announce that it posted a net income of $2.99 billion in the last quarter of 2005. The amount is up from the $458 million posted in the third quarter of the same year and a net loss of $329 million in the last quarter of 2004. It is noted, however, that the 2005 fourth quarter net income carries with it a $2.6 billion non-cash income tax benefit, which is connected to net operating loss carry forwards or NOLs.
T-Mobile USA also informed that it reached $1.11 billion in Operating Income Before Depreciation and Amortization (OIBDA) in the last quarter of 2005. The amount is just a tad low than the $1.17 billion in posted for the third quarter in the same year and $515 million in the last quarter of 2004. Service revenues (made up of postpay, prepaid, roaming and other service revenues) were at $3.26 billion in the last quarter of 2005. The figure is an increase from the $3.15 billion posted third quarter of 2005 and the $2.75 billion recorded in the last quarter of 2004.
Overall, the firm is extremely happy with its performance in 2005. It was able to garner 4.4 million new customers in 2005, up from 4.2 million a year earlier. (The fourth quarter of 2005 alone was responsible for 1.4 million net new clients.) In addition, T-Mobile USA added almost 3,500 new cell sites to improve current coverage.