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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues    
Total operating revenues $ 1,303 $ 1,315
Operating expenses    
Selling, general and administrative 439 410
Depreciation, amortization and accretion 232 229
(Gain) loss on asset disposals, net 11 2
(Gain) loss on sale of business and other exit costs, net 0 (1)
Total operating expenses 1,274 1,220
Operating income 29 95
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 44 45
Interest and dividend income 5 2
Interest expense (53) (33)
Total investment and other income (expense) (4) 14
Income before income taxes 25 109
Income tax expense 13 37
Net income 12 72
Less: Net income attributable to noncontrolling interests, net of tax 4 11
Net income attributable to TDS shareholders 8 61
TDS Preferred Share dividends 17 17
Net income (loss) attributable to TDS common shareholders $ (9) $ 44
Basic weighted average shares outstanding (in shares) 113 115
Basic earnings (loss) per share attributable to TDS common shareholders $ (0.08) $ 0.38
Diluted weighted average shares outstanding (in shares) 113 116
Diluted earnings (loss) per share attributable to TDS common shareholders $ (0.08) $ 0.37
Service    
Operating revenues    
Total operating revenues $ 1,043 $ 1,062
Operating expenses    
Cost of goods and services 305 298
Equipment and product sales    
Operating revenues    
Total operating revenues 260 253
Operating expenses    
Cost of goods and services $ 287 $ 282