Telephone and Data Systems, Inc. (TDS)

TDS Cash Flow 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
Net Income	-6.24	-27.71	-500.01	62	156
Depreciation & Amortization	351.89	325.7	310.07	929	895
Loss (Gain) From Sale of Assets	-13.19	-51.75	3.1	26	24
Asset Writedown & Restructuring Costs	48.58	137.34	546.95	3	-
Loss (Gain) on Equity Investments	39.5	5.08	-9.12	-14	-2
Stock-Based Compensation	27.17	18.34	19.58	42	49
Provision & Write-off of Bad Debts	8.17	7.42	8.64	138	60
Other Operating Activities	120.81	-70.02	-61.63	67	145
Change in Accounts Receivable	-24.19	6.19	-16.58	-69	-22
Change in Inventory	-0.01	-0.33	-1.11	-90	-25
Change in Accounts Payable	-9.83	-56.07	-31.63	32	-69
Change in Income Taxes	-19.84	-5.11	44.23	127	-49
Change in Other Net Operating Assets	-184.54	6.69	-5.76	-98	-59
Operating Cash Flow	589.89	1,146	1,141	1,155	1,103
Operating Cash Flow Growth	-48.52%	0.41%	-1.20%	4.71%	-28.00%
Capital Expenditures	-390.53	-365.45	-643.07	-1,161	-1,131
Divestitures	72.34	147.27	1	8	-
Sale (Purchase) of Intangibles	-4.18	-19.2	-128.6	-614	-1,328
Other Investing Activities	2,466	-517.12	-556.5	-16	-3
Investing Cash Flow	2,144	-754.5	-1,327	-1,783	-2,462
Short-Term Debt Issued	-	-	-	110	-
Long-Term Debt Issued	325	440	1,081	1,154	1,543
Total Debt Issued	325	440	1,081	1,264	1,543
Short-Term Debt Repaid	-	-	-60	-50	-
Long-Term Debt Repaid	-1,962	-455.55	-723.3	-332	-2,081
Total Debt Repaid	-1,962	-455.55	-783.3	-382	-2,081
Net Debt Issued (Repaid)	-1,637	-15.55	297.68	882	-538
Repurchase of Common Stock	-194.21	-67.65	-14.92	-44	-13
Preferred Dividends Paid	-69.23	-69.23	-69.23	-69	-39
Common Dividends Paid	-18.45	-35.16	-83.43	-82	-80
Dividends Paid	-87.67	-104.38	-152.66	-151	-119
Other Financing Activities	-428.07	-89.88	-74.07	-74	-119
Financing Cash Flow	-2,347	-277.46	56.04	613	321
Net Cash Flow	386.93	113.91	-129.98	-15	-1,038
Free Cash Flow	199.36	780.43	498.09	-6	-28
Free Cash Flow Growth	-74.45%	56.68%	-	-	-
Free Cash Flow Margin	16.23%	60.17%	36.76%	-0.11%	-0.53%
Free Cash Flow Per Share	1.68	6.86	4.42	-0.05	-0.24
Cash Interest Paid	97.72	99.66	60.73	164	177
Cash Income Tax Paid	91.63	4.27	-50.46	-119	6
Levered Free Cash Flow	427.07	-62.06	-597.69	-553.38	-1,552
Unlevered Free Cash Flow	497.49	5.8	-558.83	-444.63	-1,407
Change in Working Capital	-238.4	-48.62	-10.86	-98	-224

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

SEC Filings: 10-K · 10-Q