TELEPHONE DATA SYSTEMS INC DE
For the period ended Dec 31, 2023. Filed Feb 16, 2024.
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FY2023 · Filed Feb 16, 2024
TDS$32.87+1.6%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Operations
| Year Ended December 31, | 2023 | 2022 | 2021 |
|---|---|---|---|
| (Dollars and shares in millions, except per share amounts) | |||
| Operating revenues | |||
| Service | $4,169 | $4,240 | $4,216 |
| Equipment and product sales | 991 | 1,173 | 1,113 |
| Total operating revenues | 5,160 | 5,413 | 5,329 |
| Operating expenses | |||
| Cost of services (excluding Depreciation, amortization and accretion reported below) | 1,240 | 1,245 | 1,267 |
| Cost of equipment and products | 1,094 | 1,320 | 1,205 |
| Selling, general and administrative | 1,753 | 1,768 | 1,677 |
| Depreciation, amortization and accretion | 915 | 929 | 895 |
| Loss on impairment of intangible assets | 547 | 3 | — |
| (Gain) loss on asset disposals, net | 27 | 27 | 26 |
| (Gain) loss on sale of business and other exit costs, net | — | (1) | (2) |
| (Gain) loss on license sales and exchanges, net | (2) | — | — |
| Total operating expenses | 5,574 | 5,291 | 5,068 |
| Operating income (loss) | (414) | 122 | 261 |
| Investment and other income (expense) | |||
| Equity in earnings of unconsolidated entities | 159 | 159 | 182 |
| Interest and dividend income | 20 | 17 | 11 |
| Interest expense | (244) | (174) | (232) |
| Other, net | 2 | 1 | (1) |
| Total investment and other income (expense) | (63) | 3 | (40) |
| Income (loss) before income taxes | (477) | 125 | 221 |
| Income tax expense | 10 | 53 | 33 |
| Net income (loss) | (487) | 72 | 188 |
| Less: Net income attributable to noncontrolling interests, net of tax | 13 | 10 | 32 |
| Net income (loss) attributable to TDS shareholders | (500) | 62 | 156 |
| TDS Preferred Share dividends | 69 | 69 | 39 |
| Net income (loss) attributable to TDS common shareholders | $(569) | $(7) | $117 |
| Basic weighted average shares outstanding | 113 | 114 | 115 |
| Basic earnings (loss) per share attributable to TDS common shareholders | $(5.05) | $(0.07) | $1.03 |
| Diluted weighted average shares outstanding | 113 | 114 | 116 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | $(5.06) | $(0.07) | $1.00 |
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