TELEPHONE & DATA SYSTEMS INC /DE/
For the period ended Jun 30, 2025. Filed Aug 11, 2025.
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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.
Jun 30, 2025 · Filed Aug 11, 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
| Three Months EndedJune 30, | Six Months EndedJune 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (Dollars and shares in millions, except per share amounts) | ||||
| Operating revenues | ||||
| Service | $1,000 | $1,034 | $1,997 | $2,078 |
| Equipment and product sales | 186 | 204 | 344 | 422 |
| Total operating revenues | 1,186 | 1,238 | 2,341 | 2,500 |
| Operating expenses | ||||
| Cost of services (excluding Depreciation, amortization and accretion reported below) | 279 | 296 | 555 | 595 |
| Cost of equipment and products | 213 | 227 | 396 | 460 |
| Selling, general and administrative | 421 | 426 | 846 | 849 |
| Depreciation, amortization and accretion | 236 | 233 | 472 | 467 |
| (Gain) loss on asset disposals, net | 9 | 9 | 12 | 16 |
| (Gain) loss on sale of business and other exit costs, net | (8) | — | (9) | — |
| (Gain) loss on license sales and exchanges, net | (4) | 8 | (5) | 7 |
| Total operating expenses | 1,146 | 1,199 | 2,267 | 2,394 |
| Operating income | 40 | 39 | 74 | 106 |
| Other income (expense) | ||||
| Equity in earnings of unconsolidated entities | 43 | 39 | 79 | 82 |
| Interest and dividend income | 6 | 7 | 13 | 12 |
| Interest expense | (70) | (73) | (129) | (131) |
| Other, net | 2 | 1 | 5 | 2 |
| Total other expense | (19) | (26) | (32) | (35) |
| Income before income taxes | 21 | 13 | 42 | 71 |
| Income tax expense | 3 | 6 | 12 | 26 |
| Net income | 18 | 7 | 30 | 45 |
| Less: Net income attributable to noncontrolling interests, net of tax | 6 | 4 | 11 | 13 |
| Net income attributable to TDS shareholders | 12 | 3 | 19 | 32 |
| TDS Preferred Share dividends | 17 | 17 | 35 | 35 |
| Net income (loss) attributable to TDS common shareholders | $(5) | $(14) | $(16) | $(3) |
| Basic weighted average shares outstanding | 115 | 114 | 115 | 113 |
| Basic earnings (loss) per share attributable to TDS common shareholders | $(0.05) | $(0.13) | $(0.14) | $(0.02) |
| Diluted weighted average shares outstanding | 115 | 114 | 115 | 113 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | $(0.05) | $(0.13) | $(0.15) | $(0.03) |
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