Telephone and Data Systems, Inc. (TDS)

TDS Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,805	4,964	5,160	5,413	5,329	5,225
Revenue Growth (YoY)	-5.60%	-3.80%	-4.67%	1.58%	1.99%	0.95%
Cost of Revenue	2,031	2,135	2,334	2,565	2,472	2,354
Gross Profit	2,774	2,829	2,826	2,848	2,857	2,871
Selling, General & Admin	1,718	1,721	1,753	1,768	1,677	1,681
Operating Expenses	2,666	2,664	2,668	2,697	2,572	2,590
Operating Income	108	165	158	151	285	281
Interest Expense	-277	-279	-244	-174	-232	-168
Interest & Investment Income	28	27	20	17	11	15
Earnings From Equity Investments	161	164	159	159	182	181
Other Non Operating Income (Expenses)	8	5	2	1	-1	-1
EBT Excluding Unusual Items	28	82	95	154	245	308
Impairment of Goodwill	-	-	-547	-	-	-
Gain (Loss) on Sale of Investments	-	-	-	-	-	2
Gain (Loss) on Sale of Assets	60	35	-25	-26	-24	-22
Asset Writedown	-137	-137	-	-3	-	-
Pretax Income	-49	-20	-477	125	221	288
Income Tax Expense	-8	6	10	53	33	19
Earnings From Continuing Operations	-41	-26	-487	72	188	269
Minority Interest in Earnings	-	-2	-13	-10	-32	-43
Net Income	-41	-28	-500	62	156	226
Preferred Dividends & Other Adjustments	69	69	69	69	39	-
Net Income to Common	-110	-97	-569	-7	117	226
Net Income Growth	-	-	-	-60.26%	-30.97%	86.78%
Shares Outstanding (Basic)	115	114	113	114	115	114
Shares Outstanding (Diluted)	115	114	113	114	116	115
Shares Change (YoY)	1.77%	0.89%	-0.88%	-1.72%	0.87%	-0.86%
EPS (Basic)	-0.96	-0.85	-5.04	-0.06	1.02	1.98
EPS (Diluted)	-0.96	-0.85	-5.04	-0.07	1.00	1.94
EPS Growth	-	-	-	-	-48.43%	87.45%
Free Cash Flow	407	261	-69	-6	-28	194
Free Cash Flow Per Share	3.54	2.29	-0.61	-0.05	-0.24	1.69
Dividend Per Share	0.160	0.310	0.740	0.720	0.700	0.680
Dividend Growth	-73.33%	-58.11%	2.78%	2.86%	2.94%	3.03%
Gross Margin	57.73%	56.99%	54.77%	52.61%	53.61%	54.95%
Operating Margin	2.25%	3.32%	3.06%	2.79%	5.35%	5.38%
Profit Margin	-2.29%	-1.95%	-11.03%	-0.13%	2.20%	4.32%
Free Cash Flow Margin	8.47%	5.26%	-1.34%	-0.11%	-0.53%	3.71%
EBITDA	1,056	1,108	1,073	1,080	1,180	1,190
EBITDA Margin	21.98%	22.32%	20.79%	19.95%	22.14%	22.78%
D&A For EBITDA	948	943	915	929	895	909
EBIT	108	165	158	151	285	281
EBIT Margin	2.25%	3.32%	3.06%	2.79%	5.35%	5.38%
Effective Tax Rate	-	-	-	42.40%	14.93%	6.60%
Revenue as Reported	4,805	4,964	5,160	5,413	5,329	5,225
Advertising Expenses	-	207	208	196	203	213

Updated Aug 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q