TDS · XBRL financial data

Telephone and Data Systems financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (TDS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue	5,225	5,329	5,413	5,160	4,964	1,228
Revenue from contracts with customers	5,120	5,220	5,293	5,033	4,843	1,071
Selling, general and administrative	1,681	1,677	1,768	1,753	1,721	435
Total operating expenses	4,966	5,068	5,291	5,574	4,901	1,326
Operating income (loss)	259	261	122	(414)	63	(97)
Interest expense	168	232	174	244	279	113
Other income (expense)	(1)	(1)	1	2	5	14
Income tax expense (benefit)	19	33	53	10	6	(62)
Net income (loss)	226	156	62	(500)	(28)	(6)
Earnings per share, basic USD per share	1.97	1.03	(0.07)	(5.05)	(0.85)	(0.66)
Earnings per share, diluted USD per share	1.93	1.00	(0.07)	(5.06)	(0.85)	(0.65)
Weighted average shares, basic millions of shares	114	115	114	113	114	115
Weighted average shares, diluted millions of shares	115	116	114	113	114	119

Fiscal years (TDS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,429	367	360	236	364	766
Short-term investments	3	0	—	—	—	—
Accounts receivable	1,004	1,058	1,069	992	962	69
Inventory	154	178	268	208	183	4
Total current assets	3,026	2,044	2,028	1,660	1,695	923
Property and equipment, net	3,972	4,361	4,760	5,062	4,994	2,965
Right-of-use asset	998	1,040	995	987	982	515
Goodwill	547	547	547	0	—	—
Total assets	12,525	13,493	14,550	13,921	13,682	8,398
Total current liabilities	1,153	1,180	1,514	1,184	1,090	440
Lease liability, non-current	940	960	908	890	867	550
Retained earnings	2,802	2,812	2,699	2,023	1,849	1,694
Total stockholders' equity	4,804	5,927	5,849	5,202	5,091	4,802
Total liabilities and equity	12,525	13,493	14,550	13,921	13,682	8,398
Common shares outstanding (cover page) millions of shares	114	115	112	113	114	114

Fiscal years (TDS's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	226	156	62	(500)	(28)	(6)
Stock-based compensation	53	49	42	41	71	27
Depreciation and amortization	862	851	882	865	891	303
Net cash from operating activities	1,532	1,103	1,155	1,142	1,145	590
Purchases of property and equipment	1,338	1,131	1,161	1,211	884	391
Net cash from investing activities	(1,511)	(2,462)	(1,783)	(1,327)	(754)	2,144
Share repurchases	14	8	40	6	0	108
Proceeds from long-term debt	1,250	1,543	1,154	1,081	440	325
Repayments of long-term debt	110	2,081	332	723	456	1,962
Net cash from financing activities	957	321	613	56	(277)	(2,347)
Net change in cash	978	(1,038)	(15)	(129)	114	387

SIC 4813 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 4813 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Telephone & Data Systems	2,194	309	56*	115.1M	—	Q2 FY26 10-QJun 30, 2026
ATN International	318	185	24*	15.4M	—	Q2 FY26 10-QJun 30, 2026
iQSTEL	2.1	109	(1.5)*	10.9M	1.4 quarters	Q2 FY26 10-Q/AJun 30, 2026
Shenandoah Telecommunications	19	94	28*	55.4M	—	Q3 FY26 10-QSep 30, 2026
Uniti Group	609	910	79*	242.7M	—	Q2 FY26 10-QJun 30, 2026
Qwest	56	1,051	264	0	—	Q1 FY26 10-QMar 31, 2026
Array Digital Infrastructure	416	54	(43)*	86.5M	9.7 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.