Telephone and Data Systems, Inc. (TDS)

TDS Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	932.99	364	236	360	367	1,429
Short-Term Investments	-	-	-	-	-	3
Cash & Short-Term Investments	932.99	364	236	360	367	1,432
Cash Growth	106.87%	54.24%	-34.44%	-1.91%	-74.37%	207.96%
Accounts Receivable	59.31	962	992	1,069	1,058	1,004
Other Receivables	38.42	81	86	171	277	295
Receivables	97.74	1,043	1,078	1,240	1,335	1,299
Inventory	4.04	183	208	268	178	154
Prepaid Expenses	29.38	72	86	102	103	105
Restricted Cash	4.2	20	34	39	47	23
Other Current Assets	11.39	13	18	19	14	13
Total Current Assets	1,080	1,695	1,660	2,028	2,044	3,026
Property, Plant & Equipment	3,407	5,976	6,049	5,755	5,401	4,970
Long-Term Investments	501	500	505	495	479	477
Goodwill	-	-	-	547	547	547
Other Intangible Assets	1,789	4,749	4,885	4,903	4,294	2,851
Long-Term Accounts Receivable	-	436	484	469	374	339
Long-Term Deferred Tax Assets	-	-	-	4	2	-
Long-Term Deferred Charges	15.95	147	149	152	149	149
Other Long-Term Assets	1,740	179	189	197	203	166
Total Assets	8,532	13,682	13,921	14,550	13,493	12,525
Accounts Payable	121	280	360	506	481	508
Accrued Expenses	56.17	210	211	209	198	203
Short-Term Debt	-	-	-	60	-	-
Current Portion of Long-Term Debt	3.19	31	26	19	6	5
Current Portion of Leases	26.48	153	147	146	141	129
Current Income Taxes Payable	138.69	39	43	46	45	69
Other Current Liabilities	225.84	377	397	528	309	240
Total Current Liabilities	571.36	1,090	1,184	1,514	1,180	1,154
Long-Term Debt	825.31	4,044	4,074	3,724	2,921	3,417
Long-Term Leases	555.1	874	896	915	967	947
Long-Term Deferred Tax Liabilities	715.09	981	975	969	921	863
Other Long-Term Liabilities	580.55	809	784	813	759	541
Total Liabilities	3,247	7,798	7,913	7,935	6,748	6,922
Common Stock	1.33	1	1	1	1	1
Additional Paid-In Capital	2,479	2,574	2,558	2,551	2,496	2,482
Retained Earnings	1,301	1,849	2,023	2,699	2,812	2,802
Treasury Stock	-405.49	-425	-465	-481	-461	-477
Comprehensive Income & Other	17.27	18	11	5	5	-4
Total Common Equity	3,393	4,017	4,128	4,775	4,853	4,804
Minority Interest	817.93	793	806	766	818	799
Shareholders' Equity	5,285	5,884	6,008	6,615	6,745	5,603
Total Liabilities & Equity	8,532	13,682	13,921	14,550	13,493	12,525
Total Debt	1,410	5,102	5,143	4,864	4,035	4,498
Net Cash (Debt)	-477.09	-4,738	-4,907	-4,504	-3,668	-3,066
Net Cash Per Share	-4.14	-41.56	-43.42	-39.51	-31.62	-26.66
Filing Date Shares Outstanding	115.54	114	113	112.46	114.59	114.37
Total Common Shares Outstanding	115.54	114	113	112	115	114
Working Capital	508.39	605	476	514	864	1,872
Book Value Per Share	29.37	35.24	36.53	42.63	42.20	42.14
Tangible Book Value	1,604	-732	-757	-675	12	1,406
Tangible Book Value Per Share	13.88	-6.42	-6.70	-6.03	0.10	12.33
Land	-	65	67	63	62	56
Buildings	-	420	542	532	541	533
Machinery	-	5,975	7,370	7,250	7,167	7,045
Construction In Progress	-	554	653	709	576	528
Leasehold Improvements	-	1,651	1,598	1,538	1,476	1,404

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q