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$32.87+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
| Year Ended December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| (Dollars and shares in millions, except per share amounts) | |||
| Operating revenues | |||
| Service | $4,110 | $4,169 | $4,240 |
| Equipment and product sales | 854 | 991 | 1,173 |
| Total operating revenues | 4,964 | 5,160 | 5,413 |
| Operating expenses | |||
| Cost of services (excluding Depreciation, amortization and accretion reported below) | 1,174 | 1,240 | 1,245 |
| Cost of equipment and products | 961 | 1,094 | 1,320 |
| Selling, general and administrative | 1,721 | 1,753 | 1,768 |
| Depreciation, amortization and accretion | 943 | 915 | 929 |
| 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) | — |
| Total operating expenses | 4,901 | 5,574 | 5,291 |
| Operating income (loss) | 63 | (414) | 122 |
| Investment and other income (expense) | |||
| Equity in earnings of unconsolidated entities | 164 | 159 | 159 |
| Interest and dividend income | 27 | 20 | 17 |
| Interest expense | (279) | (244) | (174) |
| Other, net | 5 | 2 | 1 |
| Total investment and other income (expense) | (83) | (63) | 3 |
| Income (loss) before income taxes | (20) | (477) | 125 |
| Income tax expense | 6 | 10 | 53 |
| Net income (loss) | (26) | (487) | 72 |
| Less: Net income attributable to noncontrolling interests, net of tax | 2 | 13 | 10 |
| Net income (loss) attributable to TDS shareholders | (28) | (500) | 62 |
| TDS Preferred Share dividends | 69 | 69 | 69 |
| Net income (loss) attributable to TDS common shareholders | $(97) | $(569) | $(7) |
| Basic weighted average shares outstanding | 114 | 113 | 114 |
| Basic earnings (loss) per share attributable to TDS common shareholders | $(0.85) | $(5.05) | $(0.07) |
| Diluted weighted average shares outstanding | 114 | 113 | 114 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | $(0.85) | $(5.06) | $(0.07) |
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