Telephone and Data Systems, Inc. (TDS) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments486938719900985472880
Cash and cash equivalents465921619900985472830
Short-term investments2117100   50
Restricted cash and investments963    
Receivables1,0391,002861761774661552
Inventory, net of allowances, customer advances and progress billings169150145151158274245
Inventory169150145151158274245
Prepaid expense981031121151128788
Disposal group, including discontinued operation 54108 103 
Income taxes receivable2
Deferred tax assets    108106
Other current assets29282732303035
Other undisclosed current assets914989929933180
Total current assets:1,9212,3301,9662,0592,1581,7672,087
Noncurrent Assets
Operating lease, right-of-use asset972
Property, plant and equipment3,5273,3463,4243,5553,7643,8463,878
Long-term investments and receivables4884804534524022,8562,758
Long-term investments4884804534524022,8562,758
Intangible assets, net (including goodwill)3,2662,9573,0202,9382,9012,534908
Goodwill547509509766766771837
Intangible assets, net (excluding goodwill)2,7192,4482,5112,1722,1351,76271
Other noncurrent assets607616422434196335164
Deferred tax assets, net   (900)(942)(863)
Other undisclosed noncurrent assets 54108900(1,489)(29)
Total noncurrent assets:8,8607,4537,3297,3877,2647,1406,817
TOTAL ASSETS:10,7819,7839,2959,4469,4228,9078,904
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities547547569547515556192
Accounts payable374365368365349387 
Employee-related liabilities121127126127113115115
Taxes payable41446444414771
Interest and dividends payable111111111287
Debt102120121412
Disposal group, including discontinued operation     22 
Deferred revenue and credits223229288324289
Contract with customer, liability197
Other liabilities10011410699127182212
Other undisclosed current liabilities305    (22)496
Total current liabilities:9628799188879441,0631,192
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,3162,4182,4372,4332,4401,9941,720
Operating lease, liability931
Other undisclosed long-term debt and lease obligation1,3852,4182,4372,4332,4401,9941,720
Liabilities, other than long-term debt1,1575421,0471,3754334311,489
Deferred tax liabilities, net 552922  1,030
Deferred income tax liabilities676
Disposal group, including discontinued operation, liabilities 1     
Other liabilities481541495453433431459
Other undisclosed noncurrent liabilities937647(4)(4)897961(175)
Total noncurrent liabilities:4,4103,6073,4803,8043,7703,3863,034
Total liabilities:5,3724,4864,3984,6914,7144,4494,226
Temporary equity, carrying amount5455438
Stockholders' equity
Stockholders' equity attributable to parent, including:4,6534,5604,2694,1444,1263,9264,118
Preferred stock     11
Common stock1111111
Treasury stock, value(479)(519)(669)(698)(727)(748)(721)
Additional paid in capital2,4682,4322,4132,3862,3642,3372,309
Accumulated other comprehensive income (loss)(9)(10)(1)106(1)
Retained earnings2,6722,6562,5252,4542,4872,3302,530
Other undisclosed stockholders' equity attributable to parent     (1)(1)
Stockholders' equity attributable to noncontrolling interest751733623605578528551
Other undisclosed stockholders' equity   1111
Total stockholders' equity:5,4045,2934,8924,7504,7044,4554,670
TOTAL LIABILITIES AND EQUITY:10,7819,7839,2959,4469,4228,9078,904

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues5,1765,1095,0445,1045,1765,0094,901
Revenue, net5,0445,1045,1765,00946
Cost of revenue
(Cost of Goods and Services Sold)
  (1,195)(1,240)(1,191)(2,511)(2,225)
Gross profit:5,1765,1093,8493,8643,9852,4982,676
Operating expenses(4,997)(4,904)   (5,199)(4,666)
Other undisclosed operating income (loss)  (3,954)(3,804)(3,588)2,5112,225
Operating income (loss):179205(105)60397(190)235
Nonoperating income32161662393858
Investment income, nonoperating2926156239179
Interest and debt expense(165)(172)(170)(170)(142)(111)(99)
Income (loss) from continuing operations before equity method investments, income taxes:4649(259)(48)295(264)194
Income from equity method investments     132133
Other undisclosed income (loss) from continuing operations before income taxes165172137140140(21)(34)
Income (loss) from continuing operations before income taxes:211221(122)92435(152)293
Income tax expense (benefit)(64)(46)279(40)(172)5(126)
Net income (loss):14717515752263(147)167
Net income (loss) attributable to noncontrolling interest(26)(40)(4)(9)(44)11(25)
Net income (loss) attributable to parent:12113515343219(136)142
Other undisclosed net loss available to common stockholders, basic    (0)(0)(0)
Net income (loss) available to common stockholders, basic:12113515343219(136)142
Convertible preferred dividends    0 0
Other undisclosed net loss available to common stockholders, diluted(1)(2)  (2) (1)
Net income (loss) available to common stockholders, diluted:12013315343218(136)141

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):14717515752263(147)167
Other comprehensive income (loss)1(8)(2)1(6)78
Comprehensive income (loss):14816715553257(140)174
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(26)(40)(4)(9)(44)(11)25
Other undisclosed comprehensive loss, net of tax, attributable to parent      (50)
Comprehensive income (loss), net of tax, attributable to parent:12212715144213(151)149

Statements sources

The financial statements are based on the company's filings with the 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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