TELEPHONE DATA SYSTEMS INC DE

For the period ended Sep 30, 2024. Filed Nov 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2024 · Filed Nov 1, 2024

TDS$33.86+3.0%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheet

Consolidated Balance Sheet — Assets

	September 30, 2024	December 31, 2023
(Dollars in millions)
Current assets
Cash and cash equivalents	$451	$236
Accounts receivable
Customers and agents, less allowances of $64 and $70, respectively	929	992
Other, less allowances of $2 and $4, respectively	68	82
Inventory, net	167	208
Prepaid expenses	88	86
Income taxes receivable	3	4
Other current assets	40	52
Total current assets	1,746	1,660
Assets held for sale	17	15
Licenses	4,586	4,702
Other intangible assets, net of accumulated amortization of $121 and $106, respectively	168	183
Investments in unconsolidated entities	524	505
Property, plant and equipment
In service and under construction	14,409	15,612
Less: Accumulated depreciation and amortization	9,422	10,550
Property, plant and equipment, net	4,987	5,062
Operating lease right-of-use assets	970	987
Other assets and deferred charges	728	807
Total assets1	$13,726	$13,921

Consolidated Balance Sheet — Liabilities and Equity

	September 30, 2024	December 31, 2023
(Dollars and shares in millions, except per share amounts)
Current liabilities
Current portion of long-term debt	$29	$26
Accounts payable	334	360
Customer deposits and deferred revenues	270	277
Accrued interest	26	12
Accrued taxes	49	43
Accrued compensation	107	149
Short-term operating lease liabilities	151	147
Other current liabilities	132	170
Total current liabilities	1,098	1,184
Liabilities held for sale	7	—
Deferred liabilities and credits
Deferred income tax liability, net	961	975
Long-term operating lease liabilities	862	890
Other deferred liabilities and credits	812	784
Long-term debt, net	4,097	4,080
Commitments and contingencies
Noncontrolling interests with redemption features	16	12
Equity
TDS shareholders’ equity
Series A Common and Common Shares
Authorized 290 shares (25 Series A Common and 265 Common Shares)
Issued 133 shares (7 Series A Common and 126 Common Shares)
Outstanding 113 shares (7 Series A Common and 106 Common Shares)
Par Value ($0.01 per share)	1	1
Capital in excess of par value	2,557	2,558
Preferred Shares, 0.279 shares authorized, par value $0.01 per share, 0.0444 shares outstanding (0.0168 Series UU and 0.0276 Series VV)	1,074	1,074
Treasury shares, at cost, 19 and 20 Common Shares, respectively	(433)	(465)
Accumulated other comprehensive income	11	11
Retained earnings	1,865	2,023
Total TDS shareholders' equity	5,075	5,202
Noncontrolling interests	798	794
Total equity	5,873	5,996
Total liabilities and equity1	$13,726	$13,921

1 The consolidated total assets as of September 30, 2024 and December 31, 2023, include assets held by consolidated variable interest entities (VIEs) of $1,018 million and $1,188 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2024 and December 31, 2023, include certain liabilities of consolidated VIEs of $22 million and $23 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 12 — Variable Interest Entities for additional information.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.