XML 47 R19.htm IDEA: XBRL DOCUMENT
v3.23.1

Business Segment Information | 3 Months Ended
--- | ---
Mar. 31, 2023
Segment Reporting [Abstract] |
Business Segment Information | Note 11 Business Segment Information UScellular and TDS Telecom are billed for services they receive from TDS, consisting primarily of information processing, accounting, finance, and general management services. Such billings are based on expenses specifically identified to UScellular and TDS Telecom and on allocations of common expenses. Management believes the method used to allocate common expenses is reasonable and that all expenses and costs applicable to UScellular and TDS Telecom are reflected in the accompanying business segment information on a basis that is representative of what they would have been if UScellular and TDS Telecom operated on a stand-alone basis. Financial data for TDS’ reportable segments for the three month periods ended, or as of March 31, 2023 and 2022, is as follows. See Note 1 — Basis of Presentation for additional information.
Three Months Ended or as of March 31, 2023 | UScellular |  |  |  |  |  | TDS Telecom |  | Corporate, Eliminations and Other |  | Total
(Dollars in millions) |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |
Service | $ | 767 |  |  |  |  |  |  | $ | 253 |  |  | $ | 23 |  |  | $ | 1,043 |
Equipment and product sales | 219 |  |  |  |  |  |  | — |  |  | 41 |  |  | 260 |
Total operating revenues | 986 |  |  |  |  |  |  | 253 |  |  | 64 |  |  | 1,303 |
Cost of services (excluding Depreciation, amortization and accretion reported below) | 182 |  |  |  |  |  |  | 104 |  |  | 19 |  |  | 305 |
Cost of equipment and products | 253 |  |  |  |  |  |  | — |  |  | 34 |  |  | 287 |
Selling, general and administrative | 345 |  |  |  |  |  |  | 80 |  |  | 14 |  |  | 439 |
Depreciation, amortization and accretion | 170 |  |  |  |  |  |  | 59 |  |  | 3 |  |  | 232 |
(Gain) loss on asset disposals, net | 10 |  |  |  |  |  |  | 1 |  |  | — |  |  | 11 |
Operating income (loss) | 26 |  |  |  |  |  |  | 8 |  |  | (5) |  |  | 29 |
Equity in earnings of unconsolidated entities | 44 |  |  |  |  |  |  | — |  |  | — |  |  | 44 |
Interest and dividend income | 2 |  |  |  |  |  |  | 1 |  |  | 2 |  |  | 5 |
Interest expense | (47) |  |  |  |  |  |  | 2 |  |  | (8) |  |  | (53) |
Income (loss) before income taxes | 25 |  |  |  |  |  |  | 11 |  |  | (11) |  |  | 25 |
Income tax expense (benefit) | 11 |  |  |  |  |  |  | 3 |  |  | (1) |  |  | 13 |
Net income (loss) | 14 |  |  |  |  |  |  | 8 |  |  | (10) |  |  | 12 |
Add back: |  |  |  |  |  |  |  |  |  |  |
Depreciation, amortization and accretion | 170 |  |  |  |  |  |  | 59 |  |  | 3 |  |  | 232 |
(Gain) loss on asset disposals, net | 10 |  |  |  |  |  |  | 1 |  |  | — |  |  | 11 |
Interest expense | 47 |  |  |  |  |  |  | (2) |  |  | 8 |  |  | 53 |
Income tax expense (benefit) | 11 |  |  |  |  |  |  | 3 |  |  | (1) |  |  | 13 |
Adjusted EBITDA 1 | $ | 252 |  |  |  |  |  |  | $ | 69 |  |  | $ | — |  |  | $ | 321 |
Investments in unconsolidated entities | $ | 477 |  |  |  |  |  |  | $ | 4 |  |  | $ | 38 |  |  | $ | 519 |
Total assets | $ | 10,997 |  |  |  |  |  |  | $ | 3,141 |  |  | $ | 401 |  |  | $ | 14,539 |
Capital expenditures | $ | 208 |  |  |  |  |  |  | $ | 130 |  |  | $ | 5 |  |  | $ | 343 |
Three Months Ended or as of March 31, 2022 | UScellular |  |  |  |  |  | TDS Telecom |  | Corporate, Eliminations and Other |  | Total
(Dollars in millions) |  |  |  |  |  |  |  |  |  |  |
Operating revenues |  |  |  |  |  |  |  |  |  |  |
Service | $ | 787 |  |  |  |  |  |  | $ | 251 |  |  | $ | 24 |  |  | $ | 1,062 |
Equipment and product sales | 223 |  |  |  |  |  |  | — |  |  | 30 |  |  | 253 |
Total operating revenues | 1,010 |  |  |  |  |  |  | 251 |  |  | 54 |  |  | 1,315 |
Cost of services (excluding Depreciation, amortization and accretion reported below) | 185 |  |  |  |  |  |  | 96 |  |  | 17 |  |  | 298 |
Cost of equipment and products | 257 |  |  |  |  |  |  | — |  |  | 25 |  |  | 282 |
Selling, general and administrative | 325 |  |  |  |  |  |  | 72 |  |  | 13 |  |  | 410 |
Depreciation, amortization and accretion | 171 |  |  |  |  |  |  | 54 |  |  | 4 |  |  | 229 |
(Gain) loss on asset disposals, net | 2 |  |  |  |  |  |  | — |  |  | — |  |  | 2 |
(Gain) loss on sale of business and other exit costs, net | (1) |  |  |  |  |  |  | — |  |  | — |  |  | (1) |
Operating income (loss) | 71 |  |  |  |  |  |  | 28 |  |  | (4) |  |  | 95 |
Equity in earnings of unconsolidated entities | 45 |  |  |  |  |  |  | — |  |  | — |  |  | 45 |
Interest and dividend income | 1 |  |  |  |  |  |  | — |  |  | 1 |  |  | 2 |
Interest expense | (33) |  |  |  |  |  |  | 2 |  |  | (2) |  |  | (33) |
Income (loss) before income taxes | 84 |  |  |  |  |  |  | 31 |  |  | (6) |  |  | 109 |
Income tax expense (benefit) | 32 |  |  |  |  |  |  | 8 |  |  | (3) |  |  | 37 |
Net income (loss) | 52 |  |  |  |  |  |  | 23 |  |  | (3) |  |  | 72 |
Add back: |  |  |  |  |  |  |  |  |  |  |
Depreciation, amortization and accretion | 171 |  |  |  |  |  |  | 54 |  |  | 4 |  |  | 229 |
(Gain) loss on asset disposals, net | 2 |  |  |  |  |  |  | — |  |  | — |  |  | 2 |
(Gain) loss on sale of business and other exit costs, net | (1) |  |  |  |  |  |  | — |  |  | — |  |  | (1) |
Interest expense | 33 |  |  |  |  |  |  | (2) |  |  | 2 |  |  | 33 |
Income tax expense (benefit) | 32 |  |  |  |  |  |  | 8 |  |  | (3) |  |  | 37 |
Adjusted EBITDA 1 | $ | 289 |  |  |  |  |  |  | $ | 83 |  |  | $ | — |  |  | $ | 372 |
Investments in unconsolidated entities | $ | 465 |  |  |  |  |  |  | $ | 4 |  |  | $ | 37 |  |  | $ | 506 |
Total assets | $ | 10,875 |  |  |  |  |  |  | $ | 2,706 |  |  | $ | 543 |  |  | $ | 14,124 |
Capital expenditures | $ | 137 |  |  |  |  |  |  | $ | 105 |  |  | $ | — |  |  | $ | 242 |
Numbers may not foot due to rounding. 1 Adjusted earnings before interest, taxes, depreciation, amortization and accretion (Adjusted EBITDA) is a segment measure reported to the chief operating decision maker for purposes of assessing the segments' performance. Adjusted EBITDA is defined as net income, adjusted for the items set forth in the reconciliation above. TDS believes Adjusted EBITDA is a useful measure of TDS’ operating results before significant recurring non-cash charges, gains and losses, and other items as presented above as they provide additional relevant and useful information to investors and other users of TDS' financial data in evaluating the effectiveness of its operations and underlying business trends in a manner that is consistent with management's evaluation of business performance.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration