Telephone and Data Systems, Inc. (TDS)

TDS Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	1,228	1,297	1,355	5,413	5,329
Revenue Growth (YoY)	-5.30%	-4.29%	-74.97%	1.58%	1.99%
Cost of Revenue	503.26	590.26	688.72	2,565	2,472
Gross Profit	724.95	706.72	666.39	2,848	2,857
Selling, General & Admin	435.06	486.7	488.84	1,768	1,677
Operating Expenses	786.95	812.39	798.91	2,697	2,572
Operating Income	-62	-105.67	-132.52	151	285
Interest Expense	-112.67	-108.58	-62.18	-174	-232
Interest & Investment Income	40.31	27.2	20.01	17	11
Earnings From Equity Investments	176.1	163.62	159.41	159	182
Other Non Operating Income (Expenses)	82.61	5.62	1.84	1	-1
EBT Excluding Unusual Items	124.35	-17.8	-13.43	154	245
Impairment of Goodwill	-	-	-547	-	-
Gain (Loss) on Sale of Assets	13.19	51.75	-3.1	-26	-24
Asset Writedown	-48.58	-137.34	0.05	-3	-
Pretax Income	88.96	-103.39	-563.48	125	221
Income Tax Expense	-62.18	-22.07	-15.8	53	33
Earnings From Continuing Operations	151.15	-81.32	-547.68	72	188
Earnings From Discontinued Operations	-123.64	44.47	50.4	-	-
Net Income to Company	27.51	-36.86	-497.28	72	188
Minority Interest in Earnings	-33.74	9.15	-2.73	-10	-32
Net Income	-6.24	-27.71	-500.01	62	156
Preferred Dividends & Other Adjustments	69.23	69.23	69.23	69	39
Net Income to Common	-75.46	-96.93	-569.23	-7	117
Net Income Growth	-	-	-	-60.26%	-30.97%
Shares Outstanding (Basic)	115	114	113	114	115
Shares Outstanding (Diluted)	119	114	113	114	116
Shares Change (YoY)	4.26%	0.85%	-1.10%	-1.72%	0.87%
EPS (Basic)	-0.66	-0.85	-5.05	-0.06	1.02
EPS (Diluted)	-0.65	-0.85	-5.05	-0.07	1.00
EPS Growth	-	-	-	-	-48.43%
Free Cash Flow	199.36	780.43	498.09	-6	-28
Free Cash Flow Per Share	1.68	6.86	4.42	-0.05	-0.24
Dividend Per Share	0.160	0.310	0.740	0.720	0.700
Dividend Growth	-48.39%	-58.11%	2.78%	2.86%	2.94%
Gross Margin	59.03%	54.49%	49.18%	52.61%	53.61%
Operating Margin	-5.05%	-8.15%	-9.78%	2.79%	5.35%
Profit Margin	-6.14%	-7.47%	-42.01%	-0.13%	2.20%
Free Cash Flow Margin	16.23%	60.17%	36.76%	-0.11%	-0.53%
EBITDA	289.89	220.03	177.56	1,080	1,180
EBITDA Margin	23.60%	16.96%	13.10%	19.95%	22.14%
D&A For EBITDA	351.89	325.7	310.07	929	895
EBIT	-62	-105.67	-132.52	151	285
EBIT Margin	-5.05%	-8.15%	-9.78%	2.79%	5.35%
Effective Tax Rate	-	-	-	42.40%	14.93%
Revenue as Reported	1,228	1,297	1,355	5,413	5,329
Advertising Expenses	24.8	25.2	27.3	196	203

Updated Feb 20, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q