Telephone and Data Systems, Inc. (TDS)

TDS Income Statement

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

Year	2023	2022	2021	2020	2019
Revenue	5,160	5,413	5,329	5,225	5,176
Revenue Growth (YoY)	-4.67%	1.58%	1.99%	0.95%	1.31%
Cost of Revenue	2,334	2,565	2,472	2,354	2,337
Gross Profit	2,826	2,848	2,857	2,871	2,839
Selling, General & Admin	1,753	1,768	1,677	1,681	1,717
Other Operating Expenses	1,489	958	919	936	943
Operating Expenses	3,242	2,726	2,596	2,617	2,660
Operating Income	-416	122	261	254	179
Interest Expense / Income	244	174	232	168	165
Other Expense / Income	-170	-167	-160	-159	-171
Pretax Income	-490	115	189	245	185
Income Tax	10	53	33	19	64
Net Income	-500	62	156	226	121
Preferred Dividends	69	69	39	0	0
Net Income Common	-569	-7	117	226	121
Net Income Growth	-	-	-48.23%	86.78%	-10.37%
Shares Outstanding (Basic)	113	114	115	114	114
Shares Outstanding (Diluted)	113	114	116	115	116
Shares Change	-0.88%	-1.72%	0.87%	-0.86%	1.75%
EPS (Basic)	-5.05	-0.07	1.03	1.97	1.06
EPS (Diluted)	-5.06	-0.07	1.00	1.93	1.03
EPS Growth	-	-	-48.19%	87.38%	-11.97%
Free Cash Flow	-69	-6	-28	194	59
Free Cash Flow Per Share	-0.61	-0.05	-0.24	1.70	0.52
Dividend Per Share	0.740	0.720	0.700	0.680	0.660
Dividend Growth	2.78%	2.86%	2.94%	3.03%	3.13%
Gross Margin	54.77%	52.61%	53.61%	54.95%	54.85%
Operating Margin	-8.06%	2.25%	4.90%	4.86%	3.46%
Profit Margin	-11.03%	-0.13%	2.20%	4.33%	2.34%
Free Cash Flow Margin	-1.34%	-0.11%	-0.53%	3.71%	1.14%
Effective Tax Rate	-	46.09%	17.46%	7.76%	34.59%
EBITDA	669	1,218	1,316	1,322	1,282
EBITDA Margin	12.97%	22.50%	24.70%	25.30%	24.77%
Depreciation & Amortization	915	929	895	909	932
EBIT	-246	289	421	413	350
EBIT Margin	-4.77%	5.34%	7.90%	7.90%	6.76%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).