XML 32 R2.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues        
Total operating revenues $ 1,328 $ 1,324 $ 3,957 $ 3,849
Operating expenses        
Selling, general and administrative 429 415 1,232 1,227
Depreciation, amortization and accretion 213 217 670 685
(Gain) loss on asset disposals, net 8 6 17 15
(Gain) loss on sale of business and other exit costs, net 0 0 (1) 0
Total operating expenses 1,259 1,237 3,720 3,611
Operating income 69 87 237 238
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 48 48 138 138
Interest and dividend income 3 4 9 12
Gain (loss) on investments 0 3 0 3
Interest expense (54) (43) (193) (119)
Other, net 0 0 (1) (1)
Total investment and other income (expense) (3) 12 (47) 33
Income before income taxes 66 99 190 271
Income tax expense 19 6 38 17
Net income 47 93 152 254
Less: Net income attributable to noncontrolling interests, net of tax 7 15 26 42
Net income attributable to TDS shareholders 40 78 126 212
TDS Preferred Share dividends 12 0 21 0
Net income attributable to TDS common shareholders $ 28 $ 78 $ 105 $ 212
Basic weighted average shares outstanding (in shares) 115 114 115 114
Basic earnings per share attributable to TDS common shareholders (in dollars per share) $ 0.24 $ 0.68 $ 0.91 $ 1.85
Diluted weighted average shares outstanding (in shares) 116 115 116 115
Diluted earnings per share attributable to TDS common shareholders (in dollars per share) $ 0.24 $ 0.66 $ 0.89 $ 1.81
Service        
Operating revenues        
Total operating revenues $ 1,065 $ 1,046 $ 3,156 $ 3,088
Operating expenses        
Cost of goods and services 327 321 950 919
Equipment and product sales        
Operating revenues        
Total operating revenues 263 278 801 761
Operating expenses        
Cost of goods and services $ 282 $ 278 $ 852 $ 765