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$32.87+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
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| (Dollars and shares in millions, except per share amounts) | ||||
| Operating revenues | ||||
| Service | $1,027 | $1,043 | $3,105 | $3,128 |
| Equipment and product sales | 197 | 235 | 619 | 720 |
| Total operating revenues | 1,224 | 1,278 | 3,724 | 3,848 |
| Operating expenses | ||||
| Cost of services (excluding Depreciation, amortization and accretion reported below) | 295 | 311 | 890 | 933 |
| Cost of equipment and products | 221 | 256 | 681 | 794 |
| Selling, general and administrative | 422 | 432 | 1,271 | 1,308 |
| Depreciation, amortization and accretion | 238 | 225 | 704 | 681 |
| Loss on impairment of licenses | 136 | — | 136 | — |
| (Gain) loss on asset disposals, net | 6 | 6 | 23 | 22 |
| (Gain) loss on sale of business and other exit costs, net | (12) | — | (12) | — |
| (Gain) loss on license sales and exchanges, net | (2) | — | 4 | — |
| Total operating expenses | 1,304 | 1,230 | 3,697 | 3,738 |
| Operating income (loss) | (80) | 48 | 27 | 110 |
| Investment and other income (expense) | ||||
| Equity in earnings of unconsolidated entities | 43 | 40 | 125 | 122 |
| Interest and dividend income | 8 | 5 | 20 | 16 |
| Interest expense | (76) | (62) | (208) | (178) |
| Other, net | 1 | — | 3 | 1 |
| Total investment and other expense | (24) | (17) | (60) | (39) |
| Income (loss) before income taxes | (104) | 31 | (33) | 71 |
| Income tax expense (benefit) | (25) | 27 | 1 | 55 |
| Net income (loss) | (79) | 4 | (34) | 16 |
| Less: Net income (loss) attributable to noncontrolling interests, net of tax | (13) | 4 | — | 10 |
| Net income (loss) attributable to TDS shareholders | (66) | — | (34) | 6 |
| TDS Preferred Share dividends | 17 | 17 | 52 | 52 |
| Net loss attributable to TDS common shareholders | $(83) | $(17) | $(86) | $(46) |
| Basic weighted average shares outstanding | 114 | 113 | 114 | 113 |
| Basic earnings (loss) per share attributable to TDS common shareholders | $(0.73) | $(0.16) | $(0.75) | $(0.41) |
| Diluted weighted average shares outstanding | 114 | 113 | 114 | 113 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | $(0.73) | $(0.16) | $(0.75) | $(0.41) |
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