TDS
$33.90-0.35%
Telephone and Data Systems Inc.Stock · Communication ServicesRussell 2000 0.1%Russell 3000 0.005%US Stock Market 0.005%
TDS financial statements
The full income statement, balance sheet, and cash-flow statement for Telephone and Data Systems Inc. (TDS), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 113.0M2024-09 113.0M2024-12 114.3M2025-03 114.0M2025-06 115.0M2025-09 115.5M2025-12 113.8M2026-03 115.1M2026-06 115.1M+1.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.23B-5.3% | 1.30B-4.3% | 1.36B-75.0% | 5.41B+1.6% | 5.33B+2.0% | ||
| Lease income | 157M+30.7% | 120M-5.2% | 127M+5.8% | 120M+10.1% | 109M+3.8% | |
| 1.33B-10.9% | 1.49B-27.0% | 2.04B-61.5% | 5.29B+4.4% | 5.07B+2.1% | ||
| Selling, general & administrative | 435M-10.6% | 487M-0.4% | 489M-72.4% | 1.77B+5.4% | 1.68B-0.2% | |
| Amortization of intangibles | 29.1M+33.5% | 21.8M+0.5% | 21.7M+3.3% | 21.0M+0.0% | 21.0M-19.2% | |
| Provision for credit losses | 8.17M+10.1% | 7.42M-14.1% | 8.64M-93.7% | 138M+130.0% | 60.0M-22.1% | |
| Operating income | -97.4M+49.1% | -191M+72.0% | -683M-659.5% | 122M-53.3% | 261M+0.8% | |
| Interest expense | 113M+3.8% | 109M+74.6% | 62.2M-64.3% | 174M-25.0% | 232M+38.1% | |
| Other non-operating income | 13.6M+141.4% | 5.62M+205.5% | 1.84M+84.0% | 1.00M+102.5% | -40.0M-3900.0% | |
| Equity-method income | 176M+7.6% | 164M+2.6% | 159M+0.3% | 159M-12.6% | 182M+0.6% | |
| Pre-tax income | 89.0M+186.0% | -103M+81.7% | -563M-550.8% | 125M-43.4% | 221M-23.3% | |
| Income tax | -62.2M-181.8% | -22.1M-39.7% | -15.8M-129.8% | 53.0M+60.6% | 33.0M+73.7% | |
| -6.24M+77.5% | -27.7M+94.5% | -500M-906.5% | 62.0M-60.3% | 156M-31.0% | ||
| Income from continuing operations | 117M+262.7% | -72.2M+86.9% | -550M | — | — | |
| Discontinued operations | -131M-338.7% | 54.8M-9.2% | 60.4M | — | — | |
| Net income to non-controlling interest | 26.5M+2063.2% | 1.22M-90.4% | 12.7M+27.2% | 10.0M-68.8% | 32.0M-25.6% | |
| Preferred dividends | 69.2M+0.0% | 69.2M+0.0% | 69.2M+0.3% | 69.0M+76.9% | 39.0M | |
| Net income to common | -75.5M+22.1% | -96.9M+83.0% | -569M-8031.9% | -7.00M-106.0% | 117M-48.2% | |
| -$0.65+23.5% | -$0.85+83.2% | -$5.05-7114.3% | -$0.07-107.0% | $1.00-48.2% | ||
| EPS (basic) | -$0.66+22.4% | -$0.85+83.2% | -$5.05-7114.3% | -$0.07-106.8% | $1.03-47.7% | |
| Weighted-avg shares (basic) | 115M+1.3% | 114M+0.9% | 113M-1.1% | 114M-0.9% | 115M+0.9% | |
| Weighted-avg shares (diluted) | 119M+4.3% | 114M+0.9% | 113M-1.1% | 114M-1.7% | 116M+0.9% | |
| Dividends per share | $0.16-48.4% | $0.31-58.1% | $0.74+2.8% | $0.72+2.9% | $0.70+2.9% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 923M-45.5% | 1.70B+2.1% | 1.66B-18.1% | 2.03B-0.8% | 2.04B-32.5% | ||
| Cash & equivalents | 766M+110.7% | 364M+54.1% | 236M-34.4% | 360M-1.9% | 367M-74.3% | |
| Short-term investments | — | — | — | — | 0.00-100.0% | |
| Accounts receivable | 68.7M+20.3% | 57.1M-94.2% | 992M-7.2% | 1.07B+1.0% | 1.06B+5.4% | |
| Inventory | 4.06M+0.2% | 4.05M-98.1% | 208M-22.4% | 268M+50.6% | 178M+15.6% | |
| Prepaid expenses | 28.2M-12.9% | 32.4M-62.4% | 86.0M-15.7% | 102M-1.0% | 103M-1.9% | |
| Other current assets | 14.0M-55.0% | 31.1M-40.2% | 52.0M-10.3% | 58.0M-4.9% | 61.0M+69.4% | |
| 8.40B-38.6% | 13.7B+68.2% | 8.14B-44.1% | 14.6B+7.8% | 13.5B+7.7% | ||
| Property, plant & equipment | 2.97B+3.1% | 2.88B-43.2% | 5.06B+6.3% | 4.76B+9.1% | 4.36B+9.8% | |
| Operating lease right-of-use | 515M-1.1% | 521M-47.2% | 987M-0.8% | 995M-4.3% | 1.04B+4.2% | |
| Goodwill | — | — | 0.00-100.0% | 547M+0.0% | 547M+0.0% | |
| Intangible assets | 132M-18.1% | 161M-12.1% | 183M-10.3% | 204M+3.6% | 197M-7.5% | |
| Other non-current assets | 160M+14.5% | 139M-82.7% | 807M+1.4% | 796M+12.1% | 710M+8.9% | |
| 440M-59.6% | 1.09B-8.0% | 1.18B-21.8% | 1.51B+28.3% | 1.18B+2.3% | ||
| Accounts payable | 116M+54.7% | 74.9M-79.2% | 360M-28.9% | 506M+5.2% | 481M-5.3% | |
| Deferred revenue | 125M+166.3% | 47.0M-83.0% | 277M-2.8% | 285M+20.8% | 236M+22.3% | |
| Short-term & current debt | 5.27M-83.1% | 31.1M+19.7% | 26.0M+36.8% | 19.0M+216.7% | 6.00M+20.0% | |
| Current lease liability | 26.2M-4.9% | 27.5M-81.3% | 147M+0.7% | 146M+3.5% | 141M+9.3% | |
| Other current liabilities | 41.3M-8.1% | 45.0M-73.5% | 170M-52.2% | 356M+187.1% | 124M+22.8% | |
| Long-term debt | 823M-65.9% | 2.42B-40.8% | 4.08B+9.4% | 3.73B+27.4% | 2.93B-14.5% | |
| Non-current lease liability | 550M+1.6% | 541M-39.2% | 890M-2.0% | 908M-5.4% | 960M+2.1% | |
| Operating lease liability (total) | 576M-43.5% | 1.02B-1.6% | 1.04B-1.6% | 1.05B-4.3% | 1.10B+3.0% | |
| Deferred tax liabilities | 744M-24.2% | 981M+0.6% | 975M+0.6% | 969M+5.2% | 921M+6.7% | |
| Other non-current liabilities | 574M+24.6% | 461M-41.2% | 784M-3.6% | 813M+7.1% | 759M+40.3% | |
| 4.80B-5.7% | 5.09B-2.1% | 5.20B-11.1% | 5.85B-1.3% | 5.93B+23.4% | ||
| Preferred stock | 1.07B+0.0% | 1.07B-0.0% | 1.07B+0.0% | 1.07B+0.0% | 1.07B | |
| Common stock | 1.33M+0.0% | 1.33M+33.2% | 1.00M+0.0% | 1.00M+0.0% | 1.00M+0.0% | |
| Additional paid-in capital | 2.48B-3.5% | 2.57B+0.6% | 2.56B+0.3% | 2.55B+2.2% | 2.50B+0.6% | |
| Retained earnings | 1.69B-8.4% | 1.85B-8.6% | 2.02B-25.0% | 2.70B-4.0% | 2.81B+0.4% | |
| Treasury stock | 473M+11.2% | 425M-8.5% | 465M-3.3% | 481M+4.3% | 461M-3.4% | |
| Accumulated other comprehensive income | 21.5M+17.9% | 18.2M+65.8% | 11.0M+120.0% | 5.00M+0.0% | 5.00M+225.0% | |
| Non-controlling interest | 466M-40.0% | 777M-2.2% | 794M+5.3% | 754M-6.6% | 807M+2.3% | |
| Total equity incl. non-controlling | 5.27B-10.2% | 5.87B-2.1% | 6.00B-9.2% | 6.60B-1.9% | 6.73B+20.4% | |
| Total liabilities & equity | 8.40B-38.6% | 13.7B-1.7% | 13.9B-4.3% | 14.6B+7.8% | 13.5B+7.7% | |
| Common shares issued | 133M+0.0% | 133M+0.2% | 133M+0.0% | 133M+0.0% | 133M+0.0% | |
| Common shares outstanding | 114M-0.5% | 114M+1.2% | 113M+0.9% | 112M-2.6% | 115M+0.9% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 590M-48.5% | 1.15B+0.4% | 1.14B-1.2% | 1.16B+4.7% | 1.10B-28.0% | ||
| Depreciation & amortization | 303M-6.8% | 326M+20.4% | 271M-69.3% | 882M+3.6% | 851M-1.3% | |
| Intangible amortization | 29.1M+33.5% | 21.8M+0.5% | 21.7M+3.3% | 21.0M+0.0% | 21.0M-19.2% | |
| Share-based compensation | 27.2M+48.2% | 18.3M-6.4% | 19.6M-53.4% | 42.0M-14.3% | 49.0M-7.5% | |
| Deferred income taxes | -66.2M-215.5% | -21.0M-37.3% | -15.3M-132.5% | 47.0M-9.6% | 52.0M-72.6% | |
| Change in receivables | 24.2M+491.1% | -6.18M-137.3% | 16.6M-76.0% | 69.0M+213.6% | 22.0M+37.5% | |
| Change in inventory | 10.0K-96.9% | 327K-70.6% | 1.11M-98.8% | 90.0M+260.0% | 25.0M+308.3% | |
| Other operating activities | 29.6M+547.2% | 4.58M+246.4% | 1.32M-86.8% | 10.0M-83.6% | 61.0M+1933.3% | |
| 2.14B+384.2% | -755M+43.1% | -1.33B+25.6% | -1.78B+27.6% | -2.46B-62.9% | ||
| Capital expenditure | 391M+6.9% | 365M-43.2% | 643M-44.6% | 1.16B+2.7% | 1.13B-15.5% | |
| Free cash flow | 199M-74.5% | 780M+56.7% | 498M+8401.4% | -6.00M+78.6% | -28.0M-114.4% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | — | — | — | — | 0.00-100.0% | |
| Other investing activities | -4.07M-180.7% | -1.45M+87.4% | -11.5M-172.0% | 16.0M+433.3% | 3.00M+200.0% | |
| -2.35B-745.9% | -277M-595.1% | 56.0M-90.9% | 613M+91.0% | 321M-66.5% | ||
| Long-term debt issued | 325M-26.1% | 440M-59.3% | 1.08B-6.3% | 1.15B-25.2% | 1.54B+23.4% | |
| Long-term debt repaid | 1.96B+330.7% | 456M-37.0% | 723M+117.9% | 332M-84.0% | 2.08B+1791.8% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 108M | 0.00-100.0% | 5.81M-85.5% | 40.0M+400.0% | 8.00M-42.9% | |
| Dividends paid | 87.7M-16.0% | 104M-31.6% | 153M+1.1% | 151M+26.9% | 119M+52.6% | |
| Other financing activities | -16.3M-1358.1% | -1.11M-402.2% | 369K-81.5% | 2.00M+0.0% | 2.00M+0.0% | |
| Net change in cash | 387M+239.7% | 114M+187.6% | -130M-766.5% | -15.0M+98.6% | -1.04B-206.1% | |
| Interest paid | 97.7M-1.9% | 99.7M+64.1% | 60.7M-63.0% | 164M-7.3% | 177M+10.6% | |
| Income taxes paid | 91.6M+2048.4% | 4.26M+108.5% | -50.5M+57.6% | -119M-2083.3% | 6.00M+126.1% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.67B+19.6% | 3.90B+88.1% | 2.07B+73.4% | 1.20B-48.4% | 2.32B+9.5% | |
| P/E | — | — | — | 10.1×-31.8% | 14.9×+58.6% | |
| P/S | 3.8×+26.3% | 3.0×+654.9% | 0.4×+80.8% | 0.2×-49.3% | 0.4×+7.3% | |
| P/B | 1.0×+26.8% | 0.8×+111.5% | 0.4×+78.8% | 0.2×-48.2% | 0.4×-11.3% | |
| P/FCF | 23.4×+368.2% | 5.0× | — | — | — | |
| Earnings yield | — | — | — | 9.9%+46.6% | 6.7%-36.9% | |
| FCF yield | 4.3%-78.6% | 20.0% | — | — | — | |
| Dividend yield | 0.39%-57.1% | 0.91%-77.5% | 4.0%-41.2% | 6.9%+97.6% | 3.5%-5.1% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TDS’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TDS filings on SEC EDGAR → Not investment advice.