Telephone and Data Systems, Inc. (TDS)
NYSE: TDS · Real-Time Price · USD
31.40
+0.67 (2.18%)
Nov 13, 2026, 4:00 PM EST - Market closed
TDS Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 545.29 | -6.24 | -27.71 | -500.01 | 62 | 156 |
Depreciation & Amortization | 354.68 | 351.89 | 325.7 | 310.07 | 929 | 895 |
Loss (Gain) From Sale of Assets | -548.58 | -13.19 | -51.75 | 3.1 | 26 | 24 |
Asset Writedown & Restructuring Costs | 0.9 | 48.58 | 137.34 | 546.95 | 3 | - |
Loss (Gain) on Equity Investments | 8.22 | 39.5 | 5.08 | -9.12 | -14 | -2 |
Stock-Based Compensation | 17.38 | 27.17 | 18.34 | 19.58 | 42 | 49 |
Provision & Write-off of Bad Debts | 8.25 | 8.17 | 7.42 | 8.64 | 138 | 60 |
Other Operating Activities | 0.89 | 120.81 | -70.02 | -61.63 | 67 | 145 |
Change in Accounts Receivable | -17.72 | -24.19 | 6.19 | -16.58 | -69 | -22 |
Change in Inventory | 0.85 | -0.01 | -0.33 | -1.11 | -90 | -25 |
Change in Accounts Payable | -32.27 | -9.83 | -56.07 | -31.63 | 32 | -69 |
Change in Income Taxes | -2.7 | -19.84 | -5.11 | 44.23 | 127 | -49 |
Change in Other Net Operating Assets | -177.02 | -184.54 | 6.69 | -5.76 | -98 | -59 |
Operating Cash Flow | 34.75 | 589.89 | 1,146 | 1,141 | 1,155 | 1,103 |
Operating Cash Flow Growth | -95.56% | -48.52% | 0.41% | -1.20% | 4.71% | -28.00% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Capital Expenditures | -644.05 | -390.53 | -365.45 | -643.07 | -1,161 | -1,131 |
Divestitures | 2,231 | 72.34 | 147.27 | 1 | 8 | - |
Sale (Purchase) of Intangibles | -25.09 | -4.18 | -19.2 | -128.6 | -614 | -1,328 |
Other Investing Activities | 3.65 | 2,466 | -517.12 | -556.5 | -16 | -3 |
Investing Cash Flow | 1,566 | 2,144 | -754.5 | -1,327 | -1,783 | -2,462 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 110 | - |
Long-Term Debt Issued | - | 325 | 440 | 1,081 | 1,154 | 1,543 |
Total Debt Issued | 1.3 | 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 | -153.38 | -1,962 | -455.55 | -783.3 | -382 | -2,081 |
Net Debt Issued (Repaid) | -152.08 | -1,637 | -15.55 | 297.68 | 882 | -538 |
Repurchase of Common Stock | -390.06 | -194.21 | -67.65 | -14.92 | -44 | -13 |
Preferred Dividends Paid | -69.23 | -69.23 | -69.23 | -69.23 | -69 | -39 |
Common Dividends Paid | -18.25 | -18.45 | -35.16 | -83.43 | -82 | -80 |
Dividends Paid | -87.48 | -87.67 | -104.38 | -152.66 | -151 | -119 |
Other Financing Activities | -268.42 | -428.07 | -89.88 | -74.07 | -74 | -119 |
Financing Cash Flow | -898.03 | -2,347 | -277.46 | 56.04 | 613 | 321 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Cash Flow | 702.41 | 386.93 | 113.91 | -129.98 | -15 | -1,038 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Free Cash Flow | -609.31 | 199.36 | 780.43 | 498.09 | -6 | -28 |
Free Cash Flow Growth | - | -74.45% | 56.68% | - | - | - |
Free Cash Flow Margin | -48.51% | 16.23% | 60.17% | 36.76% | -0.11% | -0.53% |
Free Cash Flow Per Share | -5.23 | 1.68 | 6.86 | 4.42 | -0.05 | -0.24 |
Levered Free Cash Flow | -491.99 | 427.07 | -62.06 | -597.69 | -553.38 | -1,552 |
Unlevered Free Cash Flow | -466.62 | 497.49 | 5.8 | -558.83 | -444.63 | -1,407 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 97.72 | 97.72 | 99.66 | 60.73 | 164 | 177 |
Cash Income Tax Paid | 91.63 | 91.63 | 4.27 | -50.46 | -119 | 6 |
Change in Working Capital | -228.85 | -238.4 | -48.62 | -10.86 | -98 | -224 |