TELEPHONE & DATA SYSTEMS INC /DE/
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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FY2025 · Filed Feb 24, 2026
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 | |||
| Year Ended December 31, | 2025 | 2024 | 2023 |
| (Dollars and shares in thousands, except per share amounts) | |||
| Operating revenues | |||
| Services | $1,043,808 | $1,123,824 | $1,125,184 |
| Site rental | 154,654 | 102,610 | 100,382 |
| Equipment and product sales | 29,745 | 70,544 | 129,547 |
| Total operating revenues | 1,228,207 | 1,296,978 | 1,355,113 |
| Operating expenses | |||
| Cost of operations (excluding Depreciation, amortization and accretion reported below) | 478,906 | 526,750 | 571,953 |
| Cost of equipment and products | 24,354 | 63,506 | 116,766 |
| Selling, general and administrative | 435,062 | 486,696 | 488,839 |
| Depreciation, amortization and accretion | 351,885 | 325,697 | 310,071 |
| Loss on impairment of intangible assets | 48,579 | 137,337 | 546,951 |
| (Gain) loss on asset disposals, net | 16,847 | 13,141 | 5,269 |
| (Gain) loss on sale of business and other exit costs, net | (23,918) | (68,350) | — |
| (Gain) loss on license sales and exchanges, net | (6,123) | 3,460 | (2,170) |
| Total operating expenses | 1,325,592 | 1,488,237 | 2,037,679 |
| Operating income (loss) | (97,385) | (191,259) | (682,566) |
| Other income (expense) | |||
| Equity in earnings of unconsolidated entities | 176,101 | 163,623 | 159,409 |
| Interest and dividend income | 40,307 | 27,201 | 20,013 |
| Interest expense | (112,668) | (108,575) | (62,177) |
| Short-term imputed spectrum lease income | 69,033 | — | — |
| Other, net | 13,574 | 5,622 | 1,840 |
| Total other income | 186,347 | 87,871 | 119,085 |
| Income (loss) before income taxes | 88,962 | (103,388) | (563,481) |
| Income tax expense (benefit) | (62,184) | (22,067) | (15,799) |
| Net income (loss) from continuing operations | 151,146 | (81,321) | (547,682) |
| Less: Net income (loss) from continuing operations attributable to noncontrolling interests, net of tax | 33,742 | (9,150) | 2,727 |
| Net income (loss) from continuing operations attributable to TDS shareholders | 117,404 | (72,171) | (550,409) |
| Net income (loss) from discontinued operations | (130,904) | 54,840 | 60,395 |
| Less: Net income from discontinued operations attributable to noncontrolling interests, net of tax | (7,264) | 10,374 | 9,995 |
| Net income (loss) from discontinued operations attributable to TDS shareholders | (123,640) | 44,466 | 50,400 |
| Net income (loss) | 20,242 | (26,481) | (487,287) |
| Less: Net income attributable to noncontrolling interests, net of tax | 26,478 | 1,224 | 12,722 |
| Net income (loss) attributable to TDS shareholders | (6,236) | (27,705) | (500,009) |
| TDS Preferred Share dividends | 69,225 | 69,225 | 69,225 |
| Net income (loss) attributable to TDS common shareholders | $(75,461) | $(96,930) | $(569,234) |
| Telephone and Data Systems, Inc. | |||
|---|---|---|---|
| Consolidated Statement of Operations | |||
| Year Ended December 31, | 2025 | 2024 | 2023 |
| (Dollars and shares in thousands, except per share amounts) | |||
| Basic weighted average shares outstanding | 115,179 | 113,714 | 112,750 |
| Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders | $0.42 | $(1.24) | $(5.50) |
| Basic earnings (loss) per share from discontinued operations attributable to TDS common shareholders | $(1.08) | $0.39 | $0.45 |
| Basic earnings (loss) per share attributable to TDS common shareholders | $(0.66) | $(0.85) | $(5.05) |
| Diluted weighted average shares outstanding | 118,563 | 113,714 | 112,750 |
| Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders | $0.39 | $(1.24) | $(5.50) |
| Diluted earnings (loss) per share from discontinued operations attributable to TDS common shareholders | $(1.04) | $0.39 | $0.45 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | $(0.65) | $(0.85) | $(5.05) |
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