TELEPHONE DATA SYSTEMS INC DE
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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
| Year Ended December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| (Dollars in millions) | |||
| Cash flows from operating activities | |||
| Net income (loss) | $(26) | $(487) | $72 |
| Add (deduct) adjustments to reconcile net income (loss) to net cash flows from operating activities | |||
| Depreciation, amortization and accretion | 943 | 915 | 929 |
| Bad debts expense | 106 | 111 | 138 |
| Stock-based compensation expense | 71 | 41 | 42 |
| Deferred income taxes, net | 3 | 8 | 47 |
| Equity in earnings of unconsolidated entities | (164) | (159) | (159) |
| Distributions from unconsolidated entities | 169 | 150 | 145 |
| Loss on impairment of intangible assets | 137 | 547 | 3 |
| (Gain) loss on asset disposals, net | 30 | 27 | 27 |
| (Gain) loss on sale of business and other exit costs, net | (68) | — | (1) |
| (Gain) loss on license sales and exchanges, net | 3 | (2) | — |
| Other operating activities | 9 | 8 | 10 |
| Changes in assets and liabilities from operations | |||
| Accounts receivable | (10) | 2 | (69) |
| Equipment installment plans receivable | (37) | (20) | (199) |
| Inventory | 20 | 61 | (90) |
| Accounts payable | (40) | (99) | 32 |
| Customer deposits and deferred revenues | 9 | (8) | 48 |
| Accrued taxes | (4) | 50 | 127 |
| Other assets and liabilities | (6) | (3) | 53 |
| Net cash provided by operating activities | 1,145 | 1,142 | 1,155 |
| Cash flows from investing activities | |||
| Cash paid for additions to property, plant and equipment | (884) | (1,211) | (1,161) |
| Cash paid for licenses and other intangible assets | (20) | (130) | (614) |
| Cash received from divestitures | 147 | 1 | 8 |
| Other investing activities | 3 | 13 | (16) |
| Net cash used in investing activities | (754) | (1,327) | (1,783) |
| Cash flows from financing activities | |||
| Issuance of long-term debt | 440 | 1,081 | 1,154 |
| Repayment of long-term debt | (456) | (723) | (332) |
| Issuance of short-term debt | — | — | 110 |
| Repayment of short-term debt | — | (60) | (50) |
| TDS Common Shares reissued for stock-based compensation awards, net of tax payments | (2) | (3) | (4) |
| UScellular Common Shares reissued for stock-based compensation awards, net of tax payments | (11) | (6) | (5) |
| Repurchase of TDS Common Shares | — | (6) | (40) |
| Repurchase of UScellular Common Shares | (54) | — | (43) |
| Dividends paid to TDS shareholders | (104) | (153) | (151) |
| Payment of debt and equity issuance costs | (16) | (5) | (2) |
| Distributions to noncontrolling interests | (5) | (3) | (3) |
| Cash paid for software license agreements | (67) | (66) | (23) |
| Other financing activities | (2) | — | 2 |
| Net cash provided by (used in) financing activities | (277) | 56 | 613 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 114 | (129) | (15) |
| Cash, cash equivalents and restricted cash | |||
| Beginning of period | 270 | 399 | 414 |
| End of period | $384 | $270 | $399 |
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