TELEPHONE DATA SYSTEMS INC DE
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
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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$32.77-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2024 | 2023 | |
| (Dollars in millions) | ||
| Cash flows from operating activities | ||
| Net income (loss) | $(34) | $16 |
| Add (deduct) adjustments to reconcile net income (loss) to net cash flows from operating activities | ||
| Depreciation, amortization and accretion | 704 | 681 |
| Bad debts expense | 72 | 77 |
| Stock-based compensation expense | 48 | 27 |
| Deferred income taxes, net | (15) | 38 |
| Equity in earnings of unconsolidated entities | (125) | (122) |
| Distributions from unconsolidated entities | 106 | 97 |
| Loss on impairment of licenses | 136 | — |
| (Gain) loss on asset disposals, net | 23 | 22 |
| (Gain) loss on sale of business and other exit costs, net | (12) | — |
| (Gain) loss on license sales and exchanges, net | 4 | — |
| Other operating activities | 6 | 4 |
| Changes in assets and liabilities from operations | ||
| Accounts receivable | 33 | 11 |
| Equipment installment plans receivable | 12 | 20 |
| Inventory | 37 | 87 |
| Accounts payable | 3 | (36) |
| Customer deposits and deferred revenues | (3) | (15) |
| Accrued taxes | 16 | 72 |
| Accrued interest | 13 | 8 |
| Other assets and liabilities | (91) | (64) |
| Net cash provided by operating activities | 933 | 923 |
| Cash flows from investing activities | ||
| Cash paid for additions to property, plant and equipment | (655) | (906) |
| Cash paid for licenses | (17) | (24) |
| Cash received from divestitures | 91 | — |
| Other investing activities | 1 | 8 |
| Net cash used in investing activities | (580) | (922) |
| Cash flows from financing activities | ||
| Issuance of long-term debt | 440 | 781 |
| Repayment of long-term debt | (408) | (664) |
| Repayment of short-term debt | — | (60) |
| Tax payments for TDS stock-based compensation awards | (10) | (3) |
| Tax payments for UScellular stock-based compensation awards | (11) | (6) |
| Repurchase of TDS Common Shares | — | (6) |
| Repurchase of UScellular Common Shares | (26) | — |
| Dividends paid to TDS shareholders | (83) | (114) |
| Payment of debt issuance costs | (16) | (4) |
| Distributions to noncontrolling interests | (4) | (2) |
| Cash paid for software license agreements | (32) | (29) |
| Other financing activities | (1) | — |
| Net cash used in financing activities | (151) | (107) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 202 | (106) |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 270 | 399 |
| End of period | $472 | $293 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.