TELEPHONE DATA SYSTEMS INC DE
For the period ended Sep 30, 2024. Filed Nov 1, 2024.
View on SEC.govAbout 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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
UScellular Operations
Business Overview
UScellular provides wireless service throughout its footprint, and leases tower space to third-party carriers on UScellular-owned towers. UScellular’s strategy is to attract and retain customers by providing a high-quality network, outstanding customer service, and competitive devices, plans and pricing - all provided with a community focus. UScellular is an 83%-owned subsidiary of TDS.
OPERATIONS
Serves customers with 4.5 million retail connections including 4.0 million postpaid and 0.5 million prepaid connections
Operates in 21 states
Employs approximately 4,200 associates
Owns 4,407 towers
Operates 7,007 cell sites in service
Financial Overview — UScellular
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||||
|---|---|---|---|---|---|---|
| 2024 | 2023 | 2024 vs. 2023 | 2024 | 2023 | 2024 vs. 2023 | |
| (Dollars in millions) | ||||||
| Operating Revenues | ||||||
| Wireless | $896 | $938 | (4)% | $2,722 | $2,831 | (4)% |
| Towers | 59 | 57 | 2% | 175 | 170 | 3% |
| Intra-company eliminations | (33) | (32) | (3)% | (98) | (95) | (3)% |
| Total operating revenues | 922 | 963 | (4)% | 2,799 | 2,906 | (4)% |
| Operating expenses | ||||||
| Wireless | 1,005 | 900 | 12% | 2,784 | 2,770 | 1% |
| Towers | 40 | 38 | 4% | 116 | 114 | 1% |
| Intra-company eliminations | (33) | (32) | (3)% | (98) | (95) | (3)% |
| Total operating expenses | 1,012 | 906 | 12% | 2,802 | 2,789 | — |
| Operating income (loss) | $(90) | $57 | N/M | $(3) | $117 | N/M |
| Net income (loss) | $(78) | $23 | N/M | $(37) | $43 | N/M |
| Adjusted OIBDA (Non-GAAP)1 | $222 | $220 | 1% | $678 | $624 | 9% |
| Adjusted EBITDA (Non-GAAP)1 | $269 | $263 | 3% | $810 | $753 | 8% |
| Capital expenditures2 | $120 | $111 | 8% | $415 | $462 | (10)% |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.