XML 62 R32.htm IDEA: XBRL DOCUMENT v3.23.3

Business Segment Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Business segment information

Financial data for TDS’ reportable segments for the three and nine month periods ended, or as of September 30, 2023 and 2022, is as follows. See Note 1 — Basis of Presentation for additional information. 

Three Months Ended or as of September 30, 2023			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	762					$	256					$	25					$	1,043
Equipment and product sales			201						—						34						235
Total operating revenues			963						256						59						1,278
Cost of services (excluding Depreciation, amortization and accretion reported below)			185						107						19						311
Cost of equipment and products			228						—						28						256
Selling, general and administrative			333						82						17						432
Depreciation, amortization and accretion			159						61						5						225
(Gain) loss on asset disposals, net			1						6						(1)						6
Operating income (loss)			57						—						(9)						48
Equity in earnings of unconsolidated entities			40						—						—						40
Interest and dividend income			3						1						1						5
Interest expense			(50)						2						(14)						(62)
Income (loss) before income taxes			50						4						(23)						31
Income tax expense (benefit)			27						—						—						27
Net income (loss)			23						4						(23)						4
Add back:
Depreciation, amortization and accretion			159						61						5						225
Expenses related to strategic alternatives review			3						—						1						4
(Gain) loss on asset disposals, net			1						6						(1)						6
Interest expense			50						(2)						14						62
Income tax expense (benefit)			27						—						—						27
Adjusted EBITDA1			$	263					$	68					$	(3)					$	328
Investments in unconsolidated entities			$	477					$	4					$	39					$	520
Total assets			$	10,749					$	3,315					$	350					$	14,414
Capital expenditures			$	111					$	172					$	2					$	285

Three Months Ended or as of September 30, 2022			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	781					$	256					$	24					$	1,061
Equipment and product sales			302						—						29						331
Total operating revenues			1,083						256						53						1,392
Cost of services (excluding Depreciation, amortization and accretion reported below)			197						109						20						326
Cost of equipment and products			354						—						23						377
Selling, general and administrative			369						81						12						462
Depreciation, amortization and accretion			177						53						4						234
(Gain) loss on asset disposals, net			1						3						—						4
Operating income (loss)			(15)						10						(6)						(11)
Equity in earnings of unconsolidated entities			40						—						—						40
Interest and dividend income			2						1						1						4
Interest expense			(42)						2						(6)						(46)
Income (loss) before income taxes			(15)						13						(11)						(13)
Income tax expense (benefit)			(3)						3						(3)						(3)
Net income (loss)			(12)						10						(8)						(10)
Add back:
Depreciation, amortization and accretion			177						53						4						234
(Gain) loss on asset disposals, net			1						3						—						4
Interest expense			42						(2)						6						46
Income tax expense			(3)						3						(3)						(3)
Adjusted EBITDA1			$	205					$	66					$	—					$	271
Investments in unconsolidated entities			$	461					$	4					$	38					$	503
Total assets			$	11,056					$	2,949					$	474					$	14,479
Capital expenditures			$	136					$	166					$	3					$	305

Nine Months Ended or as of September 30, 2023			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	2,289					$	766					$	73					$	3,128
Equipment and product sales			617						1						102						720
Total operating revenues			2,906						767						175						3,848
Cost of services (excluding Depreciation, amortization and accretion reported below)			557						319						57						933
Cost of equipment and products			708						—						86						794
Selling, general and administrative			1,020						244						44						1,308
Depreciation, amortization and accretion			490						180						11						681
(Gain) loss on asset disposals, net			14						8						—						22
Operating income (loss)			117						15						(22)						110
Equity in earnings of unconsolidated entities			121						—						1						122
Interest and dividend income			8						3						5						16
Interest expense			(147)						6						(37)						(178)
Other, net			—						1						—						1
Income (loss) before income taxes			99						25						(53)						71
Income tax expense (benefit)			56						6						(7)						55
Net income (loss)			43						19						(46)						16
Add back:
Depreciation, amortization and accretion			490						180						11						681
Expenses related to strategic alternatives review			3						—						1						4
(Gain) loss on asset disposals, net			14						8						—						22
Interest expense			147						(6)						37						178
Income tax expense (benefit)			56						6						(7)						55
Adjusted EBITDA1			$	753					$	207					$	(4)					$	956
Capital expenditures			$	462					$	434					$	10					$	906

Nine Months Ended or as of September 30, 2022			UScellular						TDS Telecom						Corporate, Eliminations and Other						Total
(Dollars in millions)
Operating revenues
Service			$	2,351					$	763					$	72					$	3,186
Equipment and product sales			769						1						100						870
Total operating revenues			3,120						763						173						4,056
Cost of services (excluding Depreciation, amortization and accretion reported below)			574						308						54						936
Cost of equipment and products			887						1						79						967
Selling, general and administrative			1,032						231						37						1,300
Depreciation, amortization and accretion			520						158						13						691
Loss on impairment of licenses			3						—						—						3
(Gain) loss on asset disposals, net			9						4						—						13
(Gain) loss on sale of business and other exit costs, net			(1)						—						—						(1)
Operating income (loss)			96						61						(10)						147
Equity in earnings of unconsolidated entities			122						—						1						123
Interest and dividend income			5						1						4						10
Interest expense			(115)						5						(8)						(118)
Other, net			—						1						—						1
Income (loss) before income taxes			108						68						(13)						163
Income tax expense (benefit)			46						18						(2)						62
Net income (loss)			62						51						(12)						101
Add back:
Depreciation, amortization and accretion			520						158						13						691
Loss on impairment of licenses			3						—						—						3
(Gain) loss on asset disposals, net			9						4						—						13
(Gain) loss on sale of business and other exit costs, net			(1)						—						—						(1)
Interest expense			115						(5)						8						118
Income tax expense (benefit)			46						18						(2)						62
Adjusted EBITDA1			$	754					$	226					$	7					$	987
Capital expenditures			$	541					$	391					$	6					$	938

Numbers may not foot due to rounding.

1Adjusted 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

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration