XML 32 R2.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Operating revenues        
Total operating revenues $ 1,238 $ 1,267 $ 2,500 $ 2,570
Operating expenses        
Selling, general and administrative 426 436 849 876
Depreciation, amortization and accretion 233 225 467 456
(Gain) loss on asset disposals, net 9 5 16 16
(Gain) loss on license sales and exchanges, net 8 0 7 0
Total operating expenses 1,199 1,234 2,394 2,508
Operating income 39 33 106 62
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 39 38 82 82
Interest and dividend income 7 6 12 11
Interest expense (73) (62) (131) (116)
Other, net 1 0 2 1
Total investment and other expense (26) (18) (35) (22)
Income before income taxes 13 15 71 40
Income tax expense 6 15 26 28
Net income 7 0 45 12
Less: Net income attributable to noncontrolling interests, net of tax 4 2 13 6
Net income (loss) attributable to TDS shareholders 3 (2) 32 6
TDS Preferred Share dividends 17 17 35 35
Net income (loss) attributable to TDS common shareholders $ (14) $ (19) $ (3) $ (29)
Basic weighted average shares outstanding (in shares) 114 113 113 113
Basic earnings (loss) per share attributable to TDS common shareholders $ (0.13) $ (0.17) $ (0.02) $ (0.25)
Diluted weighted average shares outstanding (in shares) 114 113 113 113
Diluted earnings (loss) per share attributable to TDS common shareholders $ (0.13) $ (0.17) $ (0.03) $ (0.25)
Service        
Operating revenues        
Total operating revenues $ 1,034 $ 1,041 $ 2,078 $ 2,084
Operating expenses        
Cost of goods and services 296 316 595 622
Equipment and product sales        
Operating revenues        
Total operating revenues 204 226 422 486
Operating expenses        
Cost of goods and services $ 227 $ 252 $ 460 $ 538