TELEPHONE & DATA SYSTEMS INC /DE/
For the period ended Sep 30, 2025. Filed Nov 7, 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.
Sep 30, 2025 · Filed Nov 7, 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
| Telephone and Data Systems, Inc. | ||||
|---|---|---|---|---|
| Consolidated Statement of Operations | ||||
| (Unaudited) | ||||
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (Dollars and shares in thousands, except per share amounts) | ||||
| Operating revenues | ||||
| Services | $255,933 | $279,420 | $777,677 | $860,876 |
| Site rental | 45,838 | 25,669 | 99,663 | 76,591 |
| Equipment and product sales | 6,750 | 22,408 | 20,155 | 64,163 |
| Total operating revenues | 308,521 | 327,497 | 897,495 | 1,001,630 |
| Operating expenses | ||||
| Cost of operations (excluding Depreciation, amortization and accretion reported below) | 123,180 | 134,344 | 356,781 | 403,578 |
| Cost of equipment and products | 5,452 | 20,316 | 17,580 | 56,858 |
| Selling, general and administrative | 106,188 | 116,559 | 331,206 | 370,693 |
| Depreciation, amortization and accretion | 91,746 | 80,882 | 262,095 | 240,880 |
| Loss on impairment of licenses | 47,679 | 136,234 | 47,679 | 136,234 |
| (Gain) loss on asset disposals, net | 729 | 2,823 | 8,524 | 8,898 |
| (Gain) loss on sale of business and other exit costs, net | 2,844 | (11,733) | (6,032) | (11,733) |
| (Gain) loss on license sales and exchanges, net | (1,323) | (2,200) | (6,123) | 4,360 |
| Total operating expenses | 376,495 | 477,225 | 1,011,710 | 1,209,768 |
| Operating income (loss) | (67,974) | (149,728) | (114,215) | (208,138) |
| Other income (expense) | ||||
| Equity in earnings of unconsolidated entities | 69,838 | 43,415 | 149,309 | 125,117 |
| Interest and dividend income | 15,663 | 7,952 | 28,044 | 20,268 |
| Interest expense | (47,278) | (32,694) | (100,352) | (78,918) |
| Short-term imputed spectrum lease income | 30,413 | — | 30,413 | — |
| Other, net | 5,347 | 1,035 | 10,464 | 3,081 |
| Total other income | 73,983 | 19,708 | 117,878 | 69,548 |
| Income (loss) before income taxes | 6,009 | (130,020) | 3,663 | (138,590) |
| Income tax expense (benefit) | (72,772) | (30,656) | (85,119) | (36,795) |
| Net income (loss) from continuing operations | 78,781 | (99,364) | 88,782 | (101,795) |
| Less: Net income from continuing operations attributable to noncontrolling interests, net of tax | 21,236 | (16,222) | 25,903 | (11,313) |
| Net income (loss) from continuing operations attributable to TDS shareholders | 57,545 | (83,142) | 62,879 | (90,482) |
| Net income (loss) from discontinued operations | (151,899) | 20,825 | (132,150) | 68,153 |
| Less: Net income (loss) from discontinued operations attributable to noncontrolling interests, net of tax | (12,604) | 3,421 | (6,563) | 11,238 |
| Net income (loss) from discontinued operations attributable to TDS shareholders | (139,295) | 17,404 | (125,587) | 56,915 |
| Net income (loss) | (73,118) | (78,539) | (43,368) | (33,642) |
| Less: Net income (loss) attributable to noncontrolling interests, net of tax | 8,632 | (12,801) | 19,340 | (75) |
| Net income (loss) attributable to TDS shareholders | (81,750) | (65,738) | (62,708) | (33,567) |
| TDS Preferred Share dividends | 17,306 | 17,306 | 51,919 | 51,919 |
| Net income (loss) attributable to TDS common shareholders | $(99,056) | $(83,044) | $(114,627) | $(85,486) |
| Telephone and Data Systems, Inc. | ||||
|---|---|---|---|---|
| Consolidated Statement of Operations | ||||
| (Unaudited) | ||||
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
| 2025 | 2024 | 2025 | 2024 | |
| (Dollars and shares in thousands, except per share amounts) | ||||
| Basic weighted average shares outstanding | 116,126 | 114,029 | 115,318 | 113,523 |
| Basic earnings (loss) per share from continuing operations attributable to TDS shareholders | $0.35 | $(0.88) | $0.10 | $(1.25) |
| Basic earnings (loss) per share from discontinued operations attributable to TDS shareholders | $(1.20) | $0.15 | $(1.09) | $0.50 |
| Basic earnings (loss) per share attributable to TDS common shareholders | $(0.85) | $(0.73) | $(0.99) | $(0.75) |
| Diluted weighted average shares outstanding | 118,844 | 114,029 | 118,786 | 113,523 |
| Diluted earnings (loss) per share from continuing operations attributable to TDS shareholders | $0.33 | $(0.88) | $0.07 | $(1.25) |
| Diluted earnings (loss) per share from discontinued operations attributable to TDS shareholders | $(1.17) | $0.15 | $(1.06) | $0.50 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | $(0.84) | $(0.73) | $(0.99) | $(0.75) |
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