Telephone and Data Systems, Inc. (TDS) 10-Year Financial Performance & Capital Metrics

TDS • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

AboutTelephone and Data Systems, Inc., a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products. It also provides replace and repair services; Trade-In program through which it buys customers' used equipment; internet connections and all-home WI-FI services; TDS TV+, an integrated cloud television platform that offers video content; local and long-distance telephone service, VoIP, and enhanced services; and broadband, IP-based services, and hosted voice and video collaboration services. The company sells its products through retail sales, direct and indirect sales, third-party retailers, and independent agents, as well as through ecommerce and telesales. As of December 31, 2021, it offers its services to customers 5 million wireless connections, and 1.2 million wireline and cable connections. The company was incorporated in 1968 and is headquartered in Chicago, Illinois.Show more

Revenue $4.96B -3.8%
EBITDA $1.01B +100.8%
Net Income -$28M +94.4%
Free Cash Flow $241M +221.1%
EBITDA Margin 20.27% +108.7%
Net Margin -0.56% +94.2%
ROE -0.47% +94.1%
Interest Coverage 0.23 +113.3%
Debt/Equity 0.87 +1.3%
Net Debt/EBITDA 4.71 -51.9%
CapEx / Revenue 17.81% -24.1%
CapEx Coverage 1.30 +37.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.0%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗High leverage: 5.1x Debt/EBITDA
✗Weak interest coverage of 0.2x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.09%

5Y-0.83%

3Y-2.34%

TTM-22.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM89.49%

EPS CAGR

10Y-

5Y-

3Y-

TTM95.79%

ROCE

10Y Avg1.15%

5Y Avg0.58%

3Y Avg-0.58%

Latest0.5%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	5.18B	5.1B	5.04B	5.11B	5.18B	5.22B	5.33B	5.41B	5.16B	4.96B
Revenue Growth %	0.03%	-0.01%	-0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	-0.05%	-0.04%
Cost of Revenue	2.41B	2.43B	2.36B	2.34B	2.34B	2.35B	2.47B	2.56B	2.33B	2.13B
Gross Profit+	2.76B	2.67B	2.69B	2.77B	2.84B	2.87B	2.86B	2.85B	2.83B	2.83B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.11%	-0.03%	0%	0.03%	0.02%	0.01%	-0%	-0%	-0.01%	0%
Operating Expenses+	5.04B	5.04B	4.89B	4.91B	2.66B	2.61B	2.6B	2.73B	3.24B	2.77B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	1.24B	910M	739M	1.09B	1.11B	1.17B	1.16B	1.05B	501M	1.01B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.92%	-0.27%	-0.19%	0.47%	0.02%	0.05%	-0.01%	-0.09%	-0.52%	1.01%
Depreciation & Amortization+	844.36M	850M	844M	883M	932M	909M	895M	929M	915M	943M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	397.07M	60M	-105M	205M	179M	259M	261M	122M	-414M	63M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	3.09%	-0.85%	-2.75%	2.95%	-0.13%	0.45%	0.01%	-0.53%	-4.39%	1.15%
Interest Expense+	142M	170M	170M	172M	165M	168M	232M	174M	244M	279M
Interest Coverage	2.80x	0.35x	-0.62x	1.19x	1.08x	1.54x	1.13x	0.70x	-1.70x	0.23x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Pretax Income+	434.6M	92M	-122M	221M	211M	288M	221M	125M	-477M	-20M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	171.99M	40M	-279M	46M	64M	19M	33M	53M	10M	6M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	219.04M	43M	153M	135M	121M	226M	156M	62M	-500M	-28M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	2.61%	-0.8%	2.56%	-0.12%	-0.1%	0.87%	-0.31%	-0.6%	-9.06%	0.94%
EPS (Diluted)+	1.99	0.39	1.37	1.18	1.03	1.93	1.00	-0.07	-5.04	-0.85
EPS Growth %	2.58%	-0.8%	2.51%	-0.14%	-0.13%	0.87%	-0.48%	-1.07%	-70.79%	0.83%
EPS (Basic)	2.02	0.39	1.38	1.21	1.06	1.98	1.02	-0.07	-5.04	-0.85
Diluted Shares Outstanding	109.91M	111M	112M	114M	116M	115M	116M	114M	113M	114M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	9.42B	9.45B	9.29B	9.78B	10.78B	12.53B	13.49B	14.55B	13.92B	13.68B
Asset Growth %	0.06%	0%	-0.02%	0.05%	0.1%	0.16%	0.08%	0.08%	-0.04%	-0.02%
PP&E (Net)+	3.76B	3.56B	3.42B	3.35B	4.5B	4.97B	5.4B	5.75B	6.05B	5.98B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.16B	2.06B	1.97B	2.33B	1.92B	3.03B	2.06B	2.03B	1.66B	1.7B
Cash & Equivalents	984.64M	900M	619M	921M	465M	1.43B	367M	360M	236M	364M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	158.22M	151M	145M	150M	169M	154M	178M	268M	208M	183M
Other Current Assets	30.29M	32M	27M	28M	29M	36M	79M	58M	52M	33M
Long-Term Investments	402.34M	452M	453M	480M	488M	477M	479M	495M	505M	500M
Goodwill	765.79M	766M	509M	509M	547M	547M	547M	547M	0	0
Intangible Assets	2.14B	2.17B	2.51B	2.45B	2.72B	2.85B	4.29B	4.9B	4.88B	4.75B
Other Assets	196.46M	442M	432M	670M	607M	654M	710M	-147M	823M	762M
Total Liabilities	4.72B	4.7B	4.4B	4.48B	5.37B	6.92B	6.75B	7.93B	7.91B	7.8B
Total Debt+	2.45B	2.44B	2.46B	2.44B	3.37B	4.5B	4.04B	4.8B	5.14B	5.1B
Net Debt	1.47B	1.54B	1.84B	1.52B	2.91B	3.07B	3.67B	4.44B	4.91B	4.74B
Long-Term Debt	2.44B	2.43B	2.44B	2.42B	2.32B	3.42B	2.93B	3.73B	4.08B	4.05B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	5M	6M	1.05B	1.07B	1.1B	1.05B	1.04B	1.02B
Total Current Liabilities+	944.38M	887M	918M	879M	962M	1.15B	1.18B	1.51B	1.18B	1.09B
Accounts Payable	349M	365M	368M	365M	374M	508M	481M	506M	360M	280M
Accrued Expenses	113.38M	195M	198M	127M	191M	132M	10M	12M	12M	16M
Deferred Revenue	288.41M	229M	223M	197M	189M	193M	236M	285M	277M	283M
Other Current Liabilities	240M	226M	232M	241M	41M	117M	261M	500M	319M	288M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	432.95M	453M	490M	536M	481M	542M	758M	813M	785M	810M
Total Equity+	4.71B	4.75B	4.89B	5.3B	5.42B	5.6B	6.75B	6.62B	6.01B	5.88B
Equity Growth %	0.06%	0.01%	0.03%	0.08%	0.02%	0.03%	0.2%	-0.02%	-0.09%	-0.02%
Shareholders Equity	4.13B	4.14B	4.27B	4.56B	4.65B	4.8B	5.93B	5.85B	5.2B	5.09B
Minority Interest	578.87M	606M	624M	744M	762M	799M	818M	766M	806M	793M
Common Stock	1.33M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Additional Paid-in Capital	2.37B	2.39B	2.41B	2.43B	2.47B	2.48B	2.5B	2.55B	2.56B	2.57B
Retained Earnings	2.49B	2.45B	2.52B	2.66B	2.67B	2.8B	2.81B	2.7B	2.02B	1.85B
Accumulated OCI	355K	1M	-1M	-10M	-9M	-4M	5M	5M	11M	18M
Return on Assets (ROA)	0.02%	0%	0.02%	0.01%	0.01%	0.02%	0.01%	0%	-0.04%	-0%
Return on Equity (ROE)	0.05%	0.01%	0.03%	0.03%	0.02%	0.04%	0.03%	0.01%	-0.08%	-0%
Debt / Equity	0.52x	0.51x	0.50x	0.46x	0.62x	0.80x	0.60x	0.73x	0.86x	0.87x
Debt / Assets	0.26%	0.26%	0.26%	0.25%	0.31%	0.36%	0.3%	0.33%	0.37%	0.37%
Net Debt / EBITDA	1.18x	1.70x	2.49x	1.40x	2.62x	2.63x	3.17x	4.23x	9.79x	4.71x
Book Value per Share	42.81	42.8	43.69	46.53	46.68	48.72	58.15	58.03	53.17	51.61

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	789.69M	782M	776M	1.02B	1.02B	1.53B	1.1B	1.16B	1.14B	1.15B
Operating CF Growth %	1%	-0.01%	-0.01%	0.31%	-0%	0.51%	-0.28%	0.05%	-0.01%	0%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	262.61M	52M	157M	175M	147M	269M	188M	72M	-487M	-26M
Depreciation & Amortization	844.36M	850M	844M	883M	932M	909M	895M	929M	915M	943M
Deferred Taxes	70.85M	22M	-369M	33M	34M	190M	52M	47M	8M	3M
Other Non-Cash Items	-226.33M	61M	357M	89M	121M	108M	143M	163M	682M	222M
Working Capital Changes	-202.2M	-245M	-259M	-217M	-277M	3M	-224M	-98M	-17M	-68M
Capital Expenditures+	-800.63M	-636M	-685M	-776M	-957M	-1.37B	-2.46B	-1.77B	-1.34B	-904M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-737.69M	-808M	-981M	-680M	-1.25B	-1.51B	-2.46B	-1.78B	-1.33B	-754M
Acquisitions	56.01M	-32M	-197M	13M	-305M	-146M	-1.3B	8M	0	147M
Purchase of Investments	0	0	-100M	-17M	-11M	-3M	-20M	0	0	0
Sale of Investments	0	0	0	1000K	1000K	1000K	1000K	0	0	0
Other Investing	6.93M	-140M	1M	112M	-5M	5M	11M	-16M	-116M	-17M
Cash from Financing+	460.74M	-59M	-77M	-32M	-220M	957M	321M	613M	56M	-277M
Dividends Paid	-61.22M	-65M	-69M	-72M	-75M	-78M	-119M	-151M	-153M	-104M
Dividend Payout Ratio %	0.28%	1.51%	0.45%	0.53%	0.62%	0.35%	0.76%	2.44%	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Stock Issued	0	15M	5M	60M	0	0	1.11B	0	0	0
Share Repurchases	-6.19M	-8M	-1M	0	-21M	-37M	-60M	-83M	-6M	-54M
Other Financing	1.49M	9M	4M	60M	-6M	-68M	-72M	-26M	-83M	-103M
Net Change in Cash+	512.74M	-85M	-282M	305M	-453M	978M	-1.04B	-15M	-129M	114M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	471.9M	985M	904M	622M	927M	474M	1.45B	414M	399M	270M
Cash at End	984.64M	900M	622M	927M	474M	1.45B	414M	399M	270M	384M
Free Cash Flow+	-10.93M	146M	91M	241M	59M	164M	-1.36B	-620M	-199M	241M
FCF Growth %	0.97%	14.35%	-0.38%	1.65%	-0.76%	1.78%	-9.29%	0.54%	0.68%	2.21%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.78%	0.91%	3.17%	2.65%	2.26%	4.1%	2.53%	0.93%	-7.92%	-0.47%
EBITDA Margin	23.98%	17.83%	14.65%	21.3%	21.46%	22.35%	21.69%	19.42%	9.71%	20.27%
Net Debt / EBITDA	1.18x	1.70x	2.49x	1.40x	2.62x	2.63x	3.17x	4.23x	9.79x	4.71x
Interest Coverage	2.80x	0.35x	-0.62x	1.19x	1.08x	1.54x	1.13x	0.70x	-1.70x	0.23x
CapEx / Revenue	15.47%	12.46%	13.58%	15.19%	18.49%	26.18%	46.2%	32.79%	23.47%	17.81%
Dividend Payout Ratio	27.95%	151.16%	45.1%	53.33%	61.98%	34.51%	76.28%	243.55%	-	-
Debt / Equity	0.52x	0.51x	0.50x	0.46x	0.62x	0.80x	0.60x	0.73x	0.86x	0.87x
EPS Growth	257.94%	-80.4%	251.28%	-13.87%	-12.71%	87.38%	-48.19%	-107.02%	-7079.49%	83.13%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service	-	-	-	-	-	-	-	-	4.17B	4.11B
Service Growth	-	-	-	-	-	-	-	-	-	-1.42%
Product	-	-	-	-	-	-	-	-	991M	854M
Product Growth	-	-	-	-	-	-	-	-	-	-13.82%
U S Cellular	3.35B	3.03B	2.98B	3.97B	4.02B	4.04B	4.12B	4.17B	-	-
U S Cellular Growth	-	-9.56%	-1.72%	33.21%	1.39%	0.37%	2.11%	1.14%	-	-
T D S Telecom	985.66M	995M	1.02B	927M	930M	976M	1.01B	1.02B	-	-
T D S Telecom Growth	-	0.95%	2.91%	-9.47%	0.32%	4.95%	3.07%	1.39%	-	-
Other	-14.12M	-26M	-23M	215M	224M	212M	201M	224M	-	-
Other Growth	-	-84.16%	11.54%	1034.78%	4.19%	-5.36%	-5.19%	11.44%	-	-
T D S Telecom Wireline	698.94M	696M	713M	699M	683M	685M	-	-	-	-
T D S Telecom Wireline Growth	-	-0.42%	2.44%	-1.96%	-2.29%	0.29%	-	-	-	-
T D S Telecom Cable	174.53M	185M	206M	230M	247M	292M	-	-	-	-
T D S Telecom Cable Growth	-	6.00%	11.35%	11.65%	7.39%	18.22%	-	-	-	-
T D S Telecom Hosted And Managed Services	116.81M	119M	111M	-	-	-	-	-	-	-
T D S Telecom Hosted And Managed Services Growth	-	1.87%	-6.72%	-	-	-	-	-	-	-
T D S Telecom Eliminations	-4.62M	-5M	-5M	-	-	-	-	-	-	-
T D S Telecom Eliminations Growth	-	-8.20%	0.00%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Totals	-	-	-	-	-	-	-	-	-	4.96B
Totals Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Telephone and Data Systems, Inc. (TDS) reported $3.89B in revenue for fiscal year 2024. This represents a 25% decrease from $5.18B in 2011.

Telephone and Data Systems, Inc. (TDS) saw revenue decline by 3.8% over the past year.

Telephone and Data Systems, Inc. (TDS) reported a net loss of $56.8M for fiscal year 2024.

Dividend & Returns

Yes, Telephone and Data Systems, Inc. (TDS) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Telephone and Data Systems, Inc. (TDS) has a return on equity (ROE) of -0.5%. Negative ROE indicates the company is unprofitable.

Telephone and Data Systems, Inc. (TDS) generated $2.76B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Telephone and Data Systems, Inc. (TDS) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

US Stock Screener

...

Telephone and Data Systems, Inc. (TDS) 10-Year Financial Performance & Capital Metrics

TDS • • Utilities

Communication ServicesTelecom ServicesIntegrated Telecommunications ProvidersRegional US Telecom Operators

Revenue $4.96B -3.8%
EBITDA $1.01B +100.8%
Net Income -$28M +94.4%
Free Cash Flow $241M +221.1%
EBITDA Margin 20.27% +108.7%
Net Margin -0.56% +94.2%
ROE -0.47% +94.1%
Interest Coverage 0.23 +113.3%
Debt/Equity 0.87 +1.3%
Net Debt/EBITDA 4.71 -51.9%
CapEx / Revenue 17.81% -24.1%
CapEx Coverage 1.30 +37.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 2.0%
✓Trading near 52-week high
✓Trading at only 0.9x book value

✗Weaknesses

✗High leverage: 5.1x Debt/EBITDA
✗Weak interest coverage of 0.2x

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-0.09%

5Y-0.83%

3Y-2.34%

TTM-22.79%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM89.49%

EPS CAGR

10Y-

5Y-

3Y-

TTM95.79%

ROCE

10Y Avg1.15%

5Y Avg0.58%

3Y Avg-0.58%

Latest0.5%

Peer Comparison

Regional US Telecom Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TUTELUS Corporation	21.09B	13.60	20.30	0.67%	5.77%	9.37%	6.92%	1.77
GLIBAGCI Liberty, Inc.	153.11M	38.95	15.96	3.98%	69.32%	49.06%	20.25%	0.80
LBRDALiberty Broadband Corporation	824.2M	45.15	7.43	3.57%	99.75%	8.69%		0.39
SHENShenandoah Telecommunications Company	638.47M	11.63	3.29	14.16%	-9.05%	-3.25%		0.43
CCOICogent Communications Holdings, Inc.	1.14B	23.21	-5.40	10.12%	-20.11%	-49.03%		10.49
FYBRFrontier Communications Parent, Inc.	9.62B	38.44	-29.57	3.23%	-6.24%	-8.11%		2.44
UZFArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	975.14M	18.27	-39.72	-3.48%	9.02%	10.04%	33.43%	0.83
UZEArray Digital Infrastructure, Inc. 5.500% Senior Notes due 2070	951.08M	18.29	-39.76	-3.48%	9.02%	10.04%	34.28%	0.83

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	5.18B	5.1B	5.04B	5.11B	5.18B	5.22B	5.33B	5.41B	5.16B	4.96B
Revenue Growth %	0.03%	-0.01%	-0.01%	0.01%	0.01%	0.01%	0.02%	0.02%	-0.05%	-0.04%
Cost of Revenue	2.41B	2.43B	2.36B	2.34B	2.34B	2.35B	2.47B	2.56B	2.33B	2.13B
Gross Profit+	2.76B	2.67B	2.69B	2.77B	2.84B	2.87B	2.86B	2.85B	2.83B	2.83B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.11%	-0.03%	0%	0.03%	0.02%	0.01%	-0%	-0%	-0.01%	0%
Operating Expenses+	5.04B	5.04B	4.89B	4.91B	2.66B	2.61B	2.6B	2.73B	3.24B	2.77B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	1.24B	910M	739M	1.09B	1.11B	1.17B	1.16B	1.05B	501M	1.01B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.92%	-0.27%	-0.19%	0.47%	0.02%	0.05%	-0.01%	-0.09%	-0.52%	1.01%
Depreciation & Amortization+	844.36M	850M	844M	883M	932M	909M	895M	929M	915M	943M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	397.07M	60M	-105M	205M	179M	259M	261M	122M	-414M	63M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	3.09%	-0.85%	-2.75%	2.95%	-0.13%	0.45%	0.01%	-0.53%	-4.39%	1.15%
Interest Expense+	142M	170M	170M	172M	165M	168M	232M	174M	244M	279M
Interest Coverage	2.80x	0.35x	-0.62x	1.19x	1.08x	1.54x	1.13x	0.70x	-1.70x	0.23x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	1000K	-1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	-1000K	-1000K
Pretax Income+	434.6M	92M	-122M	221M	211M	288M	221M	125M	-477M	-20M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	171.99M	40M	-279M	46M	64M	19M	33M	53M	10M	6M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	219.04M	43M	153M	135M	121M	226M	156M	62M	-500M	-28M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	2.61%	-0.8%	2.56%	-0.12%	-0.1%	0.87%	-0.31%	-0.6%	-9.06%	0.94%
EPS (Diluted)+	1.99	0.39	1.37	1.18	1.03	1.93	1.00	-0.07	-5.04	-0.85
EPS Growth %	2.58%	-0.8%	2.51%	-0.14%	-0.13%	0.87%	-0.48%	-1.07%	-70.79%	0.83%
EPS (Basic)	2.02	0.39	1.38	1.21	1.06	1.98	1.02	-0.07	-5.04	-0.85
Diluted Shares Outstanding	109.91M	111M	112M	114M	116M	115M	116M	114M	113M	114M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	9.42B	9.45B	9.29B	9.78B	10.78B	12.53B	13.49B	14.55B	13.92B	13.68B
Asset Growth %	0.06%	0%	-0.02%	0.05%	0.1%	0.16%	0.08%	0.08%	-0.04%	-0.02%
PP&E (Net)+	3.76B	3.56B	3.42B	3.35B	4.5B	4.97B	5.4B	5.75B	6.05B	5.98B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	2.16B	2.06B	1.97B	2.33B	1.92B	3.03B	2.06B	2.03B	1.66B	1.7B
Cash & Equivalents	984.64M	900M	619M	921M	465M	1.43B	367M	360M	236M	364M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	158.22M	151M	145M	150M	169M	154M	178M	268M	208M	183M
Other Current Assets	30.29M	32M	27M	28M	29M	36M	79M	58M	52M	33M
Long-Term Investments	402.34M	452M	453M	480M	488M	477M	479M	495M	505M	500M
Goodwill	765.79M	766M	509M	509M	547M	547M	547M	547M	0	0
Intangible Assets	2.14B	2.17B	2.51B	2.45B	2.72B	2.85B	4.29B	4.9B	4.88B	4.75B
Other Assets	196.46M	442M	432M	670M	607M	654M	710M	-147M	823M	762M
Total Liabilities	4.72B	4.7B	4.4B	4.48B	5.37B	6.92B	6.75B	7.93B	7.91B	7.8B
Total Debt+	2.45B	2.44B	2.46B	2.44B	3.37B	4.5B	4.04B	4.8B	5.14B	5.1B
Net Debt	1.47B	1.54B	1.84B	1.52B	2.91B	3.07B	3.67B	4.44B	4.91B	4.74B
Long-Term Debt	2.44B	2.43B	2.44B	2.42B	2.32B	3.42B	2.93B	3.73B	4.08B	4.05B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	5M	6M	1.05B	1.07B	1.1B	1.05B	1.04B	1.02B
Total Current Liabilities+	944.38M	887M	918M	879M	962M	1.15B	1.18B	1.51B	1.18B	1.09B
Accounts Payable	349M	365M	368M	365M	374M	508M	481M	506M	360M	280M
Accrued Expenses	113.38M	195M	198M	127M	191M	132M	10M	12M	12M	16M
Deferred Revenue	288.41M	229M	223M	197M	189M	193M	236M	285M	277M	283M
Other Current Liabilities	240M	226M	232M	241M	41M	117M	261M	500M	319M	288M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	432.95M	453M	490M	536M	481M	542M	758M	813M	785M	810M
Total Equity+	4.71B	4.75B	4.89B	5.3B	5.42B	5.6B	6.75B	6.62B	6.01B	5.88B
Equity Growth %	0.06%	0.01%	0.03%	0.08%	0.02%	0.03%	0.2%	-0.02%	-0.09%	-0.02%
Shareholders Equity	4.13B	4.14B	4.27B	4.56B	4.65B	4.8B	5.93B	5.85B	5.2B	5.09B
Minority Interest	578.87M	606M	624M	744M	762M	799M	818M	766M	806M	793M
Common Stock	1.33M	1M	1M	1M	1M	1M	1M	1M	1M	1M
Additional Paid-in Capital	2.37B	2.39B	2.41B	2.43B	2.47B	2.48B	2.5B	2.55B	2.56B	2.57B
Retained Earnings	2.49B	2.45B	2.52B	2.66B	2.67B	2.8B	2.81B	2.7B	2.02B	1.85B
Accumulated OCI	355K	1M	-1M	-10M	-9M	-4M	5M	5M	11M	18M
Return on Assets (ROA)	0.02%	0%	0.02%	0.01%	0.01%	0.02%	0.01%	0%	-0.04%	-0%
Return on Equity (ROE)	0.05%	0.01%	0.03%	0.03%	0.02%	0.04%	0.03%	0.01%	-0.08%	-0%
Debt / Equity	0.52x	0.51x	0.50x	0.46x	0.62x	0.80x	0.60x	0.73x	0.86x	0.87x
Debt / Assets	0.26%	0.26%	0.26%	0.25%	0.31%	0.36%	0.3%	0.33%	0.37%	0.37%
Net Debt / EBITDA	1.18x	1.70x	2.49x	1.40x	2.62x	2.63x	3.17x	4.23x	9.79x	4.71x
Book Value per Share	42.81	42.8	43.69	46.53	46.68	48.72	58.15	58.03	53.17	51.61

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	789.69M	782M	776M	1.02B	1.02B	1.53B	1.1B	1.16B	1.14B	1.15B
Operating CF Growth %	1%	-0.01%	-0.01%	0.31%	-0%	0.51%	-0.28%	0.05%	-0.01%	0%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	262.61M	52M	157M	175M	147M	269M	188M	72M	-487M	-26M
Depreciation & Amortization	844.36M	850M	844M	883M	932M	909M	895M	929M	915M	943M
Deferred Taxes	70.85M	22M	-369M	33M	34M	190M	52M	47M	8M	3M
Other Non-Cash Items	-226.33M	61M	357M	89M	121M	108M	143M	163M	682M	222M
Working Capital Changes	-202.2M	-245M	-259M	-217M	-277M	3M	-224M	-98M	-17M	-68M
Capital Expenditures+	-800.63M	-636M	-685M	-776M	-957M	-1.37B	-2.46B	-1.77B	-1.34B	-904M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-737.69M	-808M	-981M	-680M	-1.25B	-1.51B	-2.46B	-1.78B	-1.33B	-754M
Acquisitions	56.01M	-32M	-197M	13M	-305M	-146M	-1.3B	8M	0	147M
Purchase of Investments	0	0	-100M	-17M	-11M	-3M	-20M	0	0	0
Sale of Investments	0	0	0	1000K	1000K	1000K	1000K	0	0	0
Other Investing	6.93M	-140M	1M	112M	-5M	5M	11M	-16M	-116M	-17M
Cash from Financing+	460.74M	-59M	-77M	-32M	-220M	957M	321M	613M	56M	-277M
Dividends Paid	-61.22M	-65M	-69M	-72M	-75M	-78M	-119M	-151M	-153M	-104M
Dividend Payout Ratio %	0.28%	1.51%	0.45%	0.53%	0.62%	0.35%	0.76%	2.44%	-	-
Debt Issuance (Net)	1000K	-1000K	-1000K	-1000K	-1000K	1000K	-1000K	1000K	1000K	-1000K
Stock Issued	0	15M	5M	60M	0	0	1.11B	0	0	0
Share Repurchases	-6.19M	-8M	-1M	0	-21M	-37M	-60M	-83M	-6M	-54M
Other Financing	1.49M	9M	4M	60M	-6M	-68M	-72M	-26M	-83M	-103M
Net Change in Cash+	512.74M	-85M	-282M	305M	-453M	978M	-1.04B	-15M	-129M	114M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	471.9M	985M	904M	622M	927M	474M	1.45B	414M	399M	270M
Cash at End	984.64M	900M	622M	927M	474M	1.45B	414M	399M	270M	384M
Free Cash Flow+	-10.93M	146M	91M	241M	59M	164M	-1.36B	-620M	-199M	241M
FCF Growth %	0.97%	14.35%	-0.38%	1.65%	-0.76%	1.78%	-9.29%	0.54%	0.68%	2.21%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	4.78%	0.91%	3.17%	2.65%	2.26%	4.1%	2.53%	0.93%	-7.92%	-0.47%
EBITDA Margin	23.98%	17.83%	14.65%	21.3%	21.46%	22.35%	21.69%	19.42%	9.71%	20.27%
Net Debt / EBITDA	1.18x	1.70x	2.49x	1.40x	2.62x	2.63x	3.17x	4.23x	9.79x	4.71x
Interest Coverage	2.80x	0.35x	-0.62x	1.19x	1.08x	1.54x	1.13x	0.70x	-1.70x	0.23x
CapEx / Revenue	15.47%	12.46%	13.58%	15.19%	18.49%	26.18%	46.2%	32.79%	23.47%	17.81%
Dividend Payout Ratio	27.95%	151.16%	45.1%	53.33%	61.98%	34.51%	76.28%	243.55%	-	-
Debt / Equity	0.52x	0.51x	0.50x	0.46x	0.62x	0.80x	0.60x	0.73x	0.86x	0.87x
EPS Growth	257.94%	-80.4%	251.28%	-13.87%	-12.71%	87.38%	-48.19%	-107.02%	-7079.49%	83.13%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Service	-	-	-	-	-	-	-	-	4.17B	4.11B
Service Growth	-	-	-	-	-	-	-	-	-	-1.42%
Product	-	-	-	-	-	-	-	-	991M	854M
Product Growth	-	-	-	-	-	-	-	-	-	-13.82%
U S Cellular	3.35B	3.03B	2.98B	3.97B	4.02B	4.04B	4.12B	4.17B	-	-
U S Cellular Growth	-	-9.56%	-1.72%	33.21%	1.39%	0.37%	2.11%	1.14%	-	-
T D S Telecom	985.66M	995M	1.02B	927M	930M	976M	1.01B	1.02B	-	-
T D S Telecom Growth	-	0.95%	2.91%	-9.47%	0.32%	4.95%	3.07%	1.39%	-	-
Other	-14.12M	-26M	-23M	215M	224M	212M	201M	224M	-	-
Other Growth	-	-84.16%	11.54%	1034.78%	4.19%	-5.36%	-5.19%	11.44%	-	-
T D S Telecom Wireline	698.94M	696M	713M	699M	683M	685M	-	-	-	-
T D S Telecom Wireline Growth	-	-0.42%	2.44%	-1.96%	-2.29%	0.29%	-	-	-	-
T D S Telecom Cable	174.53M	185M	206M	230M	247M	292M	-	-	-	-
T D S Telecom Cable Growth	-	6.00%	11.35%	11.65%	7.39%	18.22%	-	-	-	-
T D S Telecom Hosted And Managed Services	116.81M	119M	111M	-	-	-	-	-	-	-
T D S Telecom Hosted And Managed Services Growth	-	1.87%	-6.72%	-	-	-	-	-	-	-
T D S Telecom Eliminations	-4.62M	-5M	-5M	-	-	-	-	-	-	-
T D S Telecom Eliminations Growth	-	-8.20%	0.00%	-	-	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Totals	-	-	-	-	-	-	-	-	-	4.96B
Totals Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Telephone and Data Systems, Inc. (TDS) reported $3.89B in revenue for fiscal year 2024. This represents a 25% decrease from $5.18B in 2011.

Telephone and Data Systems, Inc. (TDS) saw revenue decline by 3.8% over the past year.

Telephone and Data Systems, Inc. (TDS) reported a net loss of $56.8M for fiscal year 2024.

Dividend & Returns

Yes, Telephone and Data Systems, Inc. (TDS) pays a dividend with a yield of 2.05%. This makes it attractive for income-focused investors.

Telephone and Data Systems, Inc. (TDS) has a return on equity (ROE) of -0.5%. Negative ROE indicates the company is unprofitable.

Telephone and Data Systems, Inc. (TDS) generated $2.76B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Telephone and Data Systems, Inc. (TDS) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.