XML 33 R3.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities    
Net income $ 45 $ 12
Add (deduct) adjustments to reconcile net income to net cash flows from operating activities    
Depreciation, amortization and accretion 467 456
Bad debts expense 51 53
Stock-based compensation expense 29 14
Deferred income taxes, net 16 22
Equity in earnings of unconsolidated entities (82) (82)
Distributions from unconsolidated entities 80 78
(Gain) loss on asset disposals, net 16 16
(Gain) loss on license sales and exchanges, net 7 0
Other operating activities 5 4
Changes in assets and liabilities from operations    
Accounts receivable 6 19
Equipment installment plans receivable 5 7
Inventory 54 52
Accounts payable (14) (124)
Customer deposits and deferred revenues 7 (9)
Accrued taxes 7 56
Accrued interest 5 (1)
Other assets and liabilities (78) (59)
Net cash provided by operating activities 626 514
Cash flows from investing activities    
Cash paid for additions to property, plant and equipment (451) (629)
Cash paid for intangible assets (15) (8)
Other investing activities 1 8
Net cash used in investing activities (465) (629)
Cash flows from financing activities    
Issuance of long-term debt 440 391
Repayment of long-term debt (401) (209)
Repayment of short-term debt 0 (60)
Tax payments for TDS stock-based compensation awards (10) (3)
Tax payments for UScellular stock-based compensation awards (12) (6)
Repurchase of TDS Common Shares 0 (6)
Dividends paid to TDS shareholders (61) (76)
Payment of debt issuance costs (16) 0
Distributions to noncontrolling interests (3) (2)
Cash paid for software license agreements (21) (20)
Other financing activities (1) 0
Net cash provided by (used in) financing activities (85) 9
Net increase (decrease) in cash, cash equivalents and restricted cash 76 (106)
Cash, cash equivalents and restricted cash    
Beginning of period 270 399
End of period $ 346 $ 293