MetroPCS Communications Inc. (PCS, Financial) filed Quarterly Report for the period ended 2012-06-30.
Metropcs Communications Inc has a market cap of $2.33 billion; its shares were traded at around $6.29 with a P/E ratio of 8.7 and P/S ratio of 0.5. Metropcs Communications Inc had an annual average earning growth of 12% over the past 5 years.
Equipment Revenues. Equipment revenues increased $26.0 million, or 27%, to $122.2 million for the three months ended June 30, 2012 from $96.2 million for the three months ended June 30, 2011. The increase is primarily attributable to a $40.5 million decrease in commissions paid to independent retailers as well as a higher average price of handsets sold accounting for a $40.4 million increase. These items were partially offset by a 38% decrease in gross customer additions which led to a $33.3 million decrease as well as a decrease in upgrade handset sales to existing customers which led to a $21.0 million decrease.
Service Revenues. Service revenues increased $154.2 million, or 7%, to approximately $2.3 billion for the six months ended June 30, 2012 from approximately $2.2 billion for the six months ended June 30, 2011. The increase in service revenues is primarily attributable to 212,386 net customer additions during the twelve months ended June 30, 2012 as well as a $0.13 increase in average revenue per customer compared to the six months ended June 30, 2011.
Equipment Revenues. Equipment revenues decreased $0.3 million to $240.0 million for the six months ended June 30, 2012 from $240.3 million for the six months ended June 30, 2011. During the six months ended June 30, 2012, we experienced a 36% decrease in gross customer additions which led to a $77.0 million decrease in equipment revenues, coupled with a decrease in upgrade handset sales to existing customers which led to a $6.2 million decrease in equipment revenues. These decreases were offset by increases resulting from a $56.6 million decrease in commissions paid to indirect retailers as well as a higher average price of handsets sold, accounting for a $26.7 million increase in equipment revenues.
Average Revenue Per User. ARPU represents (a) service revenues 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 $40.62 and $40.49 for three months ended June 30, 2012 and 2011, respectively, an increase of $0.13. ARPU was $40.59 and $40.46 for six months ended June 30, 2012 and 2011, respectively, an increase of $0.13. The increase in ARPU for the three and six months ended June 30, 2012, when compared to the same period in 2011, was primarily attributable to continued demand for our Wireless for All and 4G LTE service plans offset by promotional service plans and an increase in family plan penetration from 38% of our customer base as of June 30, 2011 to 42% of our customer base as of June 30, 2012.
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Metropcs Communications Inc has a market cap of $2.33 billion; its shares were traded at around $6.29 with a P/E ratio of 8.7 and P/S ratio of 0.5. Metropcs Communications Inc had an annual average earning growth of 12% over the past 5 years.
Highlight of Business Operations:
Service Revenues. Service revenues increased $45.7 million, or 4%, to approximately $1.2 billion for the three months ended June 30, 2012 from approximately $1.1 billion for the three months ended June 30, 2011. The increase in service revenues is primarily attributable to 212,386 net customer additions during the twelve months ended June 30, 2012 as well as a $0.13 increase in average revenue per customer compared to the three months ended June 30, 2011.Equipment Revenues. Equipment revenues increased $26.0 million, or 27%, to $122.2 million for the three months ended June 30, 2012 from $96.2 million for the three months ended June 30, 2011. The increase is primarily attributable to a $40.5 million decrease in commissions paid to independent retailers as well as a higher average price of handsets sold accounting for a $40.4 million increase. These items were partially offset by a 38% decrease in gross customer additions which led to a $33.3 million decrease as well as a decrease in upgrade handset sales to existing customers which led to a $21.0 million decrease.
Service Revenues. Service revenues increased $154.2 million, or 7%, to approximately $2.3 billion for the six months ended June 30, 2012 from approximately $2.2 billion for the six months ended June 30, 2011. The increase in service revenues is primarily attributable to 212,386 net customer additions during the twelve months ended June 30, 2012 as well as a $0.13 increase in average revenue per customer compared to the six months ended June 30, 2011.
Equipment Revenues. Equipment revenues decreased $0.3 million to $240.0 million for the six months ended June 30, 2012 from $240.3 million for the six months ended June 30, 2011. During the six months ended June 30, 2012, we experienced a 36% decrease in gross customer additions which led to a $77.0 million decrease in equipment revenues, coupled with a decrease in upgrade handset sales to existing customers which led to a $6.2 million decrease in equipment revenues. These decreases were offset by increases resulting from a $56.6 million decrease in commissions paid to indirect retailers as well as a higher average price of handsets sold, accounting for a $26.7 million increase in equipment revenues.
Average Revenue Per User. ARPU represents (a) service revenues 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 $40.62 and $40.49 for three months ended June 30, 2012 and 2011, respectively, an increase of $0.13. ARPU was $40.59 and $40.46 for six months ended June 30, 2012 and 2011, respectively, an increase of $0.13. The increase in ARPU for the three and six months ended June 30, 2012, when compared to the same period in 2011, was primarily attributable to continued demand for our Wireless for All and 4G LTE service plans offset by promotional service plans and an increase in family plan penetration from 38% of our customer base as of June 30, 2011 to 42% of our customer base as of June 30, 2012.
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