Telephone and Data Systems, Inc. (TDS) Financial Statements (2024 and earlier)

Company Profile

Business Address 30 NORTH LASALLE STREET
CHICAGO, IL 60602
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4813 - Telephone Communications, Except Radiotelephone (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments251259360442466549
Cash and cash equivalents251259360442466549
Restricted cash and investments425039393947
Receivables1,0161,0931,1251,1281,1111,103
Inventory, net of allowances, customer advances and progress billings216269268252213184
Inventory216269268252213184
Prepaid expense10411310294106109
Contract with customer, asset, after allowance for credit loss1312 1199
Disposal group, including discontinued operation     1715
Other current assets637158575462
Other undisclosed current assets41367663367
Total current assets:1,7461,9032,0282,0862,0512,085
Noncurrent Assets
Operating lease, right-of-use asset9889869951,0101,0221,033
Property, plant and equipment4,9324,8724,7604,6474,5534,385
Long-term investments and receivables500519495503483506
Long-term investments500519495503483506
Intangible assets, net (including goodwill)5,4445,4485,4505,4465,4415,432
Goodwill547547547547547547
Intangible assets, net (excluding goodwill)4,8974,9014,9034,8994,8944,885
Other noncurrent assets780793796758675668
Other undisclosed noncurrent assets161826291715
Total noncurrent assets:12,66012,63612,52212,39312,19112,039
TOTAL ASSETS:14,40614,53914,55014,47914,24214,124
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities525488708856745528
Interest and dividends payable201120
Taxes payable484243
Employee-related liabilities1079877
Accounts payable364344506506443388
Accrued liabilities161144202175151 
Deferred revenue278277285266243245
Debt60201916119
Other liabilities268295356300240189
Other undisclosed current liabilities147145146(29)(5)144
Total current liabilities:1,2781,2251,5141,4091,2341,115
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,8724,0403,7313,6083,4633,567
Other undisclosed long-term debt and lease obligation3,8724,0403,7312,6822,5232,616
Liabilities, other than long-term debt2,7072,6872,6901,8341,8501,718
Deferred income tax liabilities987974969967971948
Other liabilities820813813867879770
Operating lease, liability900900908926940951
Other undisclosed noncurrent liabilities   6926940951
Total noncurrent liabilities:6,5796,7276,4276,3686,2536,236
Total liabilities:7,8577,9527,9417,7777,4877,351
Temporary equity, carrying amount12126121212
Equity
Equity, attributable to parent5,7525,8165,8495,9045,9395,960
Preferred stock1,0741,0741,0741,0741,0741,074
Common stock111111
Treasury stock, value(466)(474)(481)(468)(463)(456)
Additional paid in capital2,5322,5522,5512,5272,5112,511
Accumulated other comprehensive income555766
Retained earnings2,6062,6582,6992,7632,8102,824
Equity, attributable to noncontrolling interest785759754786804801
Total equity:6,5376,5756,6036,6906,7436,761
TOTAL LIABILITIES AND EQUITY:14,40614,53914,55014,47914,24214,124

Income Statement (P&L) ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues1,2671,3031,3571,3921,3491,315
Gross profit:1,2671,3031,3571,3921,3491,315
Operating expenses(1,234)(1,274)(1,382)(1,403)(1,286)(1,220)
Operating income (loss):3329(25)(11)6395
Nonoperating income (expense)(18)(4)(13)(2)314
Investment income, nonoperating657452
Interest and debt expense(62)(53)(56)(46)(40)(33)
Income (loss) from continuing operations before equity method investments, income taxes:(47)(28)(94)(59)2676
Other undisclosed income from continuing operations before income taxes625356464033
Income (loss) from continuing operations before income taxes:1525(38)(13)66109
Income tax expense (benefit)(15)(13)93(27)(37)
Income (loss) from continuing operations: 12(29)(10)3972
Income (loss) before gain (loss) on sale of properties:(10)3972
Net income (loss): 12(29)(10)3972
Net income (loss) attributable to noncontrolling interest(2)(4)42(4)(11)
Net income (loss) attributable to parent: (2)8(25)(8)3561
Other undisclosed net loss available to common stockholders, basic(17)(17)(17)(17)(17)(17)
Net income (loss) available to common stockholders, basic:(19)(9)(42)(25)1844
Other undisclosed net loss available to common stockholders, diluted  (1)  (1)
Net income (loss) available to common stockholders, diluted:(19)(9)(43)(25)1843

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss): 12(29)(10)3972
Other comprehensive income (loss)   (2)1 1
Comprehensive income (loss): 12(31)(9)3973
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)(4)42(4)(11)
Comprehensive income (loss), net of tax, attributable to parent: (2)8(27)(7)3562

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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