Do note that T-Mobile USA paid $225 million in "Interest expense to affiliates." The affiliate, in this case, is Deutsche Telekom, which owns T-Mobile.
If this had been structured as preferred equity rather than debt, then it would turn into dividends and move "below the line" on the income statement. T-Mobile USA would then magically be making a profit.
And of course, you're just looking at one quarter: Q2 2013. Q1 2013 was profitable. Q1 + Q2 was also profitable.
T-Mobile USA is not out of the woods yet. But they're in better shape than they were in 2011.
If this had been structured as preferred equity rather than debt, then it would turn into dividends and move "below the line" on the income statement. T-Mobile USA would then magically be making a profit.
And of course, you're just looking at one quarter: Q2 2013. Q1 2013 was profitable. Q1 + Q2 was also profitable.
T-Mobile USA is not out of the woods yet. But they're in better shape than they were in 2011.