TELEPHONE & DATA SYSTEMS INC /DE/
For the period ended Sep 30, 2026. Filed Nov 6, 2026.
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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, 2026 · Filed Nov 6, 2026
TDS$32.77-3.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statement of Cash Flows
| Telephone and Data Systems, Inc.Consolidated Statement of Cash Flows (Unaudited) | ||
|---|---|---|
| Nine Months EndedSeptember 30, | ||
| 2026 | 2025 | |
| (Dollars in thousands) | ||
| Cash flows from operating activities | ||
| Net income (loss) | $602,111 | $(43,368) |
| Net income (loss) from discontinued operations | 21,510 | (132,150) |
| Net income from continuing operations | 580,601 | 88,782 |
| Add (deduct) adjustments to reconcile net income to net cash flows from operating activities | ||
| Depreciation, amortization and accretion | 264,889 | 262,095 |
| Bad debts expense | 6,026 | 5,951 |
| Stock-based compensation expense | 12,538 | 22,336 |
| Deferred income taxes, net | (121,706) | (80,486) |
| Equity in earnings of unconsolidated entities | (120,442) | (149,309) |
| Distributions from unconsolidated entities | 89,584 | 149,732 |
| Loss on impairment of licenses | — | 47,679 |
| (Gain) loss on asset disposals, net | 13,077 | 8,524 |
| (Gain) loss on sale of business and other exit costs, net | 1,046 | (6,032) |
| (Gain) loss on license sales and exchanges, net | (553,140) | (6,123) |
| Other operating activities | 463 | 19,451 |
| Changes in assets and liabilities from operations | ||
| Accounts receivable | (1,558) | (8,023) |
| Inventory | 875 | 14 |
| Accounts payable | 6,788 | 29,225 |
| Customer deposits and deferred revenues | (64,671) | (31,105) |
| Accrued taxes | (5,834) | (22,974) |
| Accrued interest | 259 | (3,741) |
| Other assets and liabilities | (64,069) | (101,156) |
| Net cash provided by operating activities - continuing operations | 44,726 | 224,840 |
| Net cash provided by (used in) operating activities - discontinued operations | (29,554) | 345,473 |
| Net cash provided by operating activities | 15,172 | 570,313 |
| Cash flows from investing activities | ||
| Cash paid for additions to property, plant and equipment | (515,583) | (262,059) |
| Cash paid for acquisitions and licenses | (25,092) | (4,175) |
| Cash received from divestitures | 2,188,235 | 29,389 |
| Other investing activities | 2,749 | 3,168 |
| Net cash provided by (used in) investing activities - continuing operations | 1,650,309 | (233,677) |
| Net cash provided by investing activities - discontinued operations | — | 2,462,399 |
| Net cash provided by investing activities | $1,650,309 | $2,228,722 |
| Telephone and Data Systems, Inc.Consolidated Statement of Cash Flows (Unaudited) | ||
|---|---|---|
| Nine Months EndedSeptember 30, | ||
| 2026 | 2025 | |
| (Dollars in thousands) | ||
| Cash flows from financing activities | ||
| Issuance of long-term debt | $1,300 | $325,000 |
| Repayment of long-term debt | (153,104) | (1,961,844) |
| Tax withholdings, net of cash receipts, for TDS stock-based compensation awards | (32,724) | (1,234) |
| Tax withholdings, net of cash receipts, for Array stock-based compensation awards | (2,068) | (63,506) |
| Repurchase of TDS Common Shares | (205,057) | (40,697) |
| Repurchase of Array Common Shares | — | (21,360) |
| Dividends paid to TDS shareholders | (65,610) | (65,801) |
| Array dividends paid to noncontrolling public shareholders | (332,480) | (358,579) |
| Payment of debt issuance costs | — | (6,459) |
| Distributions to noncontrolling interests | (3,964) | (21,131) |
| Cash paid for software license agreements | (1,943) | (1,436) |
| Payments to acquire additional interest in subsidiaries | (593) | — |
| Other financing activities | 212 | (7,481) |
| Net cash used in financing activities - continuing operations | (796,031) | (2,224,528) |
| Net cash used in financing activities - discontinued operations | — | (20,537) |
| Net cash used in financing activities | (796,031) | (2,245,065) |
| Net increase in cash, cash equivalents and restricted cash | 869,450 | 553,970 |
| Cash, cash equivalents and restricted cash | ||
| Beginning of period | 770,150 | 383,222 |
| End of period | $1,639,600 | $937,192 |
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