gross profit bridgeinconsistent2017-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.
Revenue
$1.23B
Fiscal year ended 2025-12-31Operating income
-$97.38M
Fiscal year ended 2025-12-31Free cash flow
$199.36M
Fiscal year ended 2025-12-31TELEPHONE & DATA SYSTEMS INC /DE/ (TDS) reported revenue of $1.23B and net income of -$6.24M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from TELEPHONE & DATA SYSTEMS INC /DE/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Telephone Communications (No Radiotelephone).
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.23B | $1.30B | $1.36B | $5.41B | $5.33B | $5.22B | $5.18B | $5.11B | $5.04B | $5.16B |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | $1.20B | $1.24B |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | -$97.38M | -$191.26M | -$682.57M | $122.00M | $261.00M | $259.00M | $179.00M | $205.00M | -$108.00M | $108.00M |
| Net income | -$6.24M | -$27.70M | -$500.01M | $62.00M | $156.00M | $226.00M | $121.00M | $135.00M | $153.00M | $43.00M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 118.56M | shares 113.71M | shares 112.75M | shares 114.00M | shares 116.00M | shares 115.00M | shares 116.00M | shares 114.00M | shares 112.00M | shares 111.00M |
| Pretax income | $88.96M | -$103.39M | -$563.48M | $125.00M | $221.00M | $288.00M | $211.00M | $221.00M | -$122.00M | $92.00M |
| Income tax expense | -$62.18M | -$22.07M | -$15.80M | $53.00M | $33.00M | $19.00M | $64.00M | $46.00M | -$279.00M | $40.00M |
| Diluted EPS | $-0.65 | $-0.85 | $-5.05 | $-0.07 | $1.00 | $1.93 | $1.03 | $1.17 | $1.37 | $0.39 |
| Selling, general & administrative | $435.06M | $486.70M | $488.84M | $1.77B | $1.68B | $1.68B | $1.72B | $1.69B | $1.69B | $1.76B |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $765.95M | $363.61M | $236.00M | $360.00M | $367.00M | $1.43B | $465.00M | $921.00M | $619.00M | $900.00M |
| Total assets | $8.40B | $13.68B | $8.14B | $14.55B | $13.49B | $12.52B | $10.78B | $9.78B | $9.30B | $9.45B |
| Current assets | $923.47M | $1.70B | $1.66B | $2.03B | $2.04B | $3.03B | $1.92B | $2.33B | $1.97B | $2.06B |
| Total liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Current liabilities | $440.31M | $1.09B | $1.18B | $1.51B | $1.18B | $1.15B | $962.00M | $879.00M | $918.00M | $887.00M |
| Total equity incl. NCI | $5.27B | $5.87B | $6.00B | $6.60B | $6.73B | $5.59B | $5.40B | $5.29B | $4.89B | $4.75B |
| Temporary (mezzanine) equity | $1.20M | $15.83M | $12.00M | $12.00M | $11.00M | $10.00M | $11.00M | $11.00M | $1.00M | $1.00M |
| Inventory | $4.06M | $4.05M | $208.00M | $268.00M | $178.00M | $154.00M | $169.00M | $150.00M | $145.00M | $151.00M |
| Accounts receivable | $68.74M | $57.14M | $992.00M | $1.07B | $1.06B | $1.00B | $1.00B | $992.00M | $861.00M | $753.00M |
| Goodwill | Unavailable | Unavailable | $0 | $547.00M | $547.00M | $547.00M | $547.00M | $509.00M | $509.00M | $766.00M |
| Long-term debt | $823.36M | $2.42B | $4.08B | $3.73B | $2.93B | $3.42B | $2.32B | $2.42B | $2.44B | $2.43B |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $589.89M | $1.15B | $1.14B | $1.16B | $1.10B | $1.53B | $1.02B | $1.02B | $776.00M | $782.00M |
| Capital expenditures | $390.53M | $365.45M | $643.06M | $1.16B | $1.13B | $1.34B | Unavailable | Unavailable | Unavailable | Unavailable |
| Investing cash flow | $2.14B | -$754.50M | -$1.33B | -$1.78B | -$2.46B | -$1.51B | -$1.25B | -$680.00M | -$981.00M | -$808.00M |
| Financing cash flow | -$2.35B | -$277.46M | $56.04M | $613.00M | $321.00M | $957.00M | -$220.00M | -$32.00M | -$77.00M | -$59.00M |
| Net change in cash | $386.93M | $113.91M | -$129.98M | -$15.00M | -$1.04B | $978.00M | -$453.00M | $305.00M | -$282.00M | -$85.00M |
| Stock-based compensation | $27.17M | $18.34M | $19.58M | $42.00M | $49.00M | $53.00M | $59.00M | $54.00M | $46.00M | $42.00M |
| Common dividends paid | $87.67M | $104.38M | $152.66M | $151.00M | $119.00M | $78.00M | $75.00M | $72.00M | $69.00M | $65.00M |
| Common share repurchases | $108.13M | $0 | $5.81M | $40.00M | $8.00M | $14.00M | $0 | $0 | $0 | $3.00M |
| Depreciation & amortization | $303.40M | $285.40M | $270.50M | $882.00M | $851.00M | $862.00M | $890.00M | $839.00M | $817.00M | $820.00M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $199.36M | $780.43M | $498.09M | -$6.00M | -$28.00M | $194.00M | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | -7.9% | -14.7% | -50.4% | 2.3% | 4.9% | 5.0% | 3.5% | 4.0% | -2.1% | 2.1% |
| FCF margin | 16.2% | 60.2% | 36.8% | -0.1% | -0.5% | 3.7% | Unavailable | Unavailable | Unavailable | Unavailable |
| SBC / revenue | 2.2% | 1.4% | 1.4% | 0.8% | 0.9% | 1.0% | 1.1% | 1.1% | 0.9% | 0.8% |
| Current ratio | 2.10x | 1.56x | 1.40x | 1.34x | 1.73x | 2.62x | 2.00x | 2.65x | 2.14x | 2.32x |
| Revenue YoY growth | -5.3% | -4.3% | -75.0% | 1.6% | 2.0% | 0.9% | 1.3% | 1.3% | -2.2% | Unavailable |
| Net margin | -0.5% | -2.1% | -36.9% | 1.1% | 2.9% | 4.3% | 2.3% | 2.6% | 3.0% | 0.8% |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 31.8% | 28.2% | 47.5% | 21.4% | 21.2% | 25.6% | Unavailable | Unavailable | Unavailable | Unavailable |
| Long-term debt / equity | 0.16x | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | -69.9% | Unavailable | Unavailable | 42.4% | 14.9% | 6.6% | 30.3% | 20.8% | Unavailable | 43.5% |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open TDS in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-07View SEC filing
10-Q · Filed 2026-05-08View SEC filing
10-K · Filed 2026-02-24View SEC filing
10-Q · Filed 2025-11-07View SEC filing
10-Q · Filed 2025-08-11View SEC filing
10-Q · Filed 2025-05-02View SEC filing
Reconciliation checks needing review
2 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.
gross profit bridgeinconsistent2016-12-31
Withheld: gross profit could not be reconciled with the rest of this filer’s statement.