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MetroPCS Communications Inc. Reports Operating Results (10-Q)
Posted by: gurufocus (IP Logged)
Date: November 1, 2011 08:21AM

MetroPCS Communications Inc. (PCS) filed Quarterly Report for the period ended 2011-09-30. Metropcs Communications Inc has a market cap of $3.08 billion; its shares were traded at around $8.5 with a P/E ratio of 10.4 and P/S ratio of 0.8. Metropcs Communications Inc had an annual average earning growth of 10.4% over the past 5 years.



Highlight of Business Operations:

Service Revenues. Service revenues increased $188.8 million, or 20%, to $1.1 billion for the three months ended September 30, 2011 from approximately $942.3 million for the three months ended September 30, 2010. The increase in service revenues is primarily attributable to net customer additions of approximately 1.3 million customers for the twelve months ended September 30, 2011 as well as a $1.11 increase in average revenue per customer compared to the three months ended September 30, 2010.

Equipment Revenues. Equipment revenues decreased $4.2 million, or 5%, to approximately $74.3 million for the three months ended September 30, 2011 from $78.5 million for the three months ended September 30, 2010. The decrease is primarily attributable to a lower average price of handsets sold accounting for approximately $24.6 million of the decrease. This decrease was partially offset by an increase in upgrade handset sales to existing customers as well as an increase in gross customer additions which led to an approximately $20.3 million increase.

Service Revenues. Service revenues increased approximately $576.9 million, or 21%, to approximately $3.3 billion for the nine months ended September 30, 2011 from $2.7 billion for the nine months ended September 30, 2010. The increase in service revenues is primarily attributable to net customer additions of approximately 1.3 million customers for the twelve months ended September 30, 2011 as well as a $0.79 increase in average revenue per customer compared to the nine months ended September 30, 2010.

Equipment Revenues. Equipment revenues increased approximately $28.5 million, or approximately 10%, to approximately $314.7 million for the nine months ended September 30, 2011 from approximately $286.2 million for the nine months ended September 30, 2010. The increase is primarily attributable to an increase in upgrade handset sales to existing customers as well as an increase in gross customer additions which led to an approximately $75.3 million increase. This increase was partially offset by a lower average price of handsets sold accounting for $46.3 million.

Average Revenue Per User. ARPU represents (a) service revenues plus impact to service revenues of promotional activity less pass through charges for the measurement period, divided by (b) the sum of the average monthly number of customers during such period. ARPU was $40.80 and $39.69 for three months ended September 30, 2011 and 2010, respectively, an increase of $1.11. ARPU was $40.57 and $39.78 for the nine months ended September 30, 2011 and 2010, respectively, an increase of $0.79. The increase in ARPU for the three and nine months ended September 30, 2011, when compared to the same period in 2010, was primarily attributable to the continued demand for our Wireless for All and 4G LTE rate plans.

Read the The complete Report



Stocks Discussed: PCS,
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