Telephone & Data Systems Inc
TDS- Exchange
- NYSE
- Industry
- Telephone Communications (No Radiotelephone)
- SEC CIK
- 0001051512
In the last 90 days, Telephone & Data Systems Inc insiders filed 0 open-market purchases and 1 sale; 352 institutions reported holding it in 13F filings for Q2 2026, worth $3.95B in total; superinvestors Third Point and Oaktree Capital hold it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 8, 2026, 10:38 PM ET
Revenue flow, FY2025
Where the revenue went in FY2025, from the income statement below. Green is profit; orange is costs, expenses and taxes. Percentages are shares of revenue; hover over a band or a bar for the exact amount.
Net loss for FY2025: $6.24M (0.5% of revenue).
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 20, 2026 | Feb 21, 2025 | Feb 16, 2024 | Feb 16, 2023 | Feb 17, 2022 |
| Revenue | $1.23B | $4.96B | $5.16B | $5.41B | $5.33B |
| Operating expenses | $1.33B | $4.90B | $5.57B | $5.29B | $5.07B |
| Selling, general and administrative | $435.1M | $1.72B | $1.75B | $1.77B | $1.68B |
| Operating income | -$97.4M | $63.0M | -$414.0M | $122.0M | $261.0M |
| Interest expense | $112.7M | $279.0M | $244.0M | $174.0M | $232.0M |
| Income tax | -$62.2M | $6.00M | $10.0M | $53.0M | $33.0M |
| Net income | -$6.24M | -$28.0M | -$500.0M | $62.0M | $156.0M |
| EPS, basic | $-0.66 | $-0.85 | $-5.05 | $-0.07 | $1.03 |
| EPS, diluted | $-0.65 | $-0.85 | $-5.06 | $-0.07 | $1.00 |
| Weighted shares, basic | 115.2M | 114.0M | 113.0M | 114.0M | 115.0M |
| Weighted shares, diluted | 118.6M | 114.0M | 113.0M | 114.0M | 116.0M |
| Margins and growth | |||||
| Operating margin | -7.9% | 1.3% | -8.0% | 2.3% | 4.9% |
| Net margin | -0.5% | -0.6% | -9.7% | 1.1% | 2.9% |
| Revenue growth, year over year | −75.3% | −3.8% | −4.7% | +1.6% | +2.0% |
| Net income growth, year over year | – | – | −906.5% | −60.3% | −31.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 20, 2026 | Feb 21, 2025 | Feb 16, 2024 | Feb 16, 2023 | Feb 17, 2022 |
| Cash and equivalents | $766.0M | $364.0M | $236.0M | $360.0M | $367.0M |
| Short-term investments | – | – | – | – | $0 |
| Accounts receivable | $68.7M | $962.0M | $992.0M | $1.07B | $1.06B |
| Inventory | $4.06M | $183.0M | $208.0M | $268.0M | $178.0M |
| Total current assets | $923.5M | $1.70B | $1.66B | $2.03B | $2.04B |
| Property, plant and equipment | $2.97B | $4.99B | $5.06B | $4.76B | $4.36B |
| Goodwill | – | – | $0 | $547.0M | $547.0M |
| Intangible assets | $131.7M | $161.0M | $183.0M | $204.0M | $197.0M |
| Total assets | $8.40B | $13.7B | $13.9B | $14.6B | $13.5B |
| Total current liabilities | $440.3M | $1.09B | $1.18B | $1.51B | $1.18B |
| Shareholders' equity | $5.27B | $5.87B | $6.00B | $6.60B | $6.73B |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Feb 20, 2026 | Feb 21, 2025 | Feb 16, 2024 | Feb 16, 2023 | Feb 17, 2022 |
| Operating cash flow | $589.9M | $1.15B | $1.14B | $1.16B | $1.10B |
| Capital expenditures | $390.5M | $884.0M | $1.21B | $1.16B | $1.13B |
| Free cash flow | $199.4M | $261.0M | -$69.0M | -$6.00M | -$28.0M |
| Depreciation and amortization | $303.4M | $891.0M | $865.0M | $882.0M | $851.0M |
| Stock-based compensation | $27.2M | $71.0M | $41.0M | $42.0M | $49.0M |
| Share buybacks | $108.1M | $0 | $6.00M | $40.0M | $8.00M |
| Investing cash flow | $2.14B | -$754.0M | -$1.33B | -$1.78B | -$2.46B |
| Financing cash flow | -$2.35B | -$277.0M | $56.0M | $613.0M | $321.0M |
| Net change in cash | $386.9M | $114.0M | -$129.0M | -$15.0M | -$1.04B |
| Ratio | |||||
| Stock-based compensation, % of revenue | 2.2% | 1.4% | 0.8% | 0.8% | 0.9% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Jun 30, 2010 | 49.8M | – | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.