TELEPHONE & DATA SYSTEMS INC /DE/

For the period ended Mar 31, 2026. Filed May 8, 2026.

About this filing

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.

Mar 31, 2026 · Filed May 8, 2026

TDS$32.87+1.6%Stored close · as of Nov 6, 2026

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Contents

Consolidated Statement of Operations

Telephone and Data Systems, Inc.
Consolidated Statement of Operations
(Unaudited)
	Three Months EndedMarch 31,
	2026	2025
(Dollars and shares in thousands, except per share amounts)
Operating revenues
Services	$250,421	$256,616
Site rental	51,024	26,595
Equipment and product sales	8,005	7,222
Total operating revenues	309,450	290,433
Operating expenses
Cost of operations (excluding Depreciation, amortization and accretion reported below)	118,741	117,206
Cost of equipment and products	5,746	6,627
Selling, general and administrative	102,708	116,415
Depreciation, amortization and accretion	85,943	84,329
(Gain) loss on asset disposals, net	1,810	1,888
(Gain) loss on sale of business and other exit costs, net	1,562	(998)
(Gain) loss on license sales and exchanges, net	(150,878)	(1,100)
Total operating expenses	165,632	324,367
Operating income (loss)	143,818	(33,934)
Other income (expense)
Equity in earnings of unconsolidated entities	41,902	36,518
Interest and dividend income	13,786	6,270
Interest expense	(5,321)	(23,909)
Short-term imputed spectrum lease income	34,200	—
Other, net	5,450	2,725
Total other income	90,017	21,604
Income (loss) before income taxes	233,835	(12,330)
Income tax expense (benefit)	54,408	(8,123)
Net income (loss) from continuing operations	179,427	(4,207)
Less: Net income from continuing operations attributable to noncontrolling interests, net of tax	32,813	1,724
Net income (loss) from continuing operations attributable to TDS shareholders	146,614	(5,931)
Net income (loss) from discontinued operations	(2,389)	16,171
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests, net of tax	(369)	2,770
Net income (loss) from discontinued operations attributable to TDS shareholders	(2,020)	13,401
Net income	177,038	11,964
Less: Net income attributable to noncontrolling interests, net of tax	32,444	4,494
Net income attributable to TDS shareholders	144,594	7,470
TDS Preferred Share dividends	17,306	17,306
Net income (loss) attributable to TDS common shareholders	$127,288	$(9,836)

Telephone and Data Systems, Inc.
Consolidated Statement of Operations
(Unaudited)
	Three Months EndedMarch 31,
	2026	2025
(Dollars and shares in thousands, except per share amounts)
Basic weighted average shares outstanding	113,882	114,582
Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders	$1.14	$(0.20)
Basic earnings (loss) per share from discontinued operations attributable to TDS common shareholders	$(0.02)	$0.11
Basic earnings (loss) per share attributable to TDS common shareholders	$1.12	$(0.09)
Diluted weighted average shares outstanding	116,651	114,582
Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders	$1.11	$(0.20)
Diluted earnings (loss) per share from discontinued operations attributable to TDS common shareholders	$(0.02)	$0.11
Diluted earnings (loss) per share attributable to TDS common shareholders	$1.09	$(0.09)

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.