XML 30 R2.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Operating revenues        
Total operating revenues $ 1,224 $ 1,278 $ 3,724 $ 3,848
Operating expenses        
Selling, general and administrative 422 432 1,271 1,308
Depreciation, amortization and accretion 238 225 704 681
Loss on impairment of licenses 136 0 136 0
(Gain) loss on asset disposals, net 6 6 23 22
(Gain) loss on sale of business and other exit costs, net (12) 0 (12) 0
(Gain) loss on license sales and exchanges, net (2) 0 4 0
Total operating expenses 1,304 1,230 3,697 3,738
Operating income (loss) (80) 48 27 110
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 43 40 125 122
Interest and dividend income 8 5 20 16
Interest expense (76) (62) (208) (178)
Other, net 1 0 3 1
Total investment and other expense (24) (17) (60) (39)
Income (loss) before income taxes (104) 31 (33) 71
Income tax expense (benefit) (25) 27 1 55
Net income (loss) (79) 4 (34) 16
Less: Net income (loss) attributable to noncontrolling interests, net of tax (13) 4 0 10
Net income (loss) attributable to TDS shareholders (66) 0 (34) 6
TDS Preferred Share dividends 17 17 52 52
Net loss attributable to TDS common shareholders $ (83) $ (17) $ (86) $ (46)
Basic weighted average shares outstanding (in shares) 114 113 114 113
Basic earnings (loss) per share attributable to TDS common shareholders $ (0.73) $ (0.16) $ (0.75) $ (0.41)
Diluted weighted average shares outstanding (in shares) 114 113 114 113
Diluted earnings (loss) per share attributable to TDS common shareholders $ (0.73) $ (0.16) $ (0.75) $ (0.41)
Service        
Operating revenues        
Total operating revenues $ 1,027 $ 1,043 $ 3,105 $ 3,128
Operating expenses        
Cost of goods and services 295 311 890 933
Equipment and product sales        
Operating revenues        
Total operating revenues 197 235 619 720
Operating expenses        
Cost of goods and services $ 221 $ 256 $ 681 $ 794