XML 32 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating revenues        
Total operating revenues $ 1,186 $ 1,238 $ 2,341 $ 2,500
Operating expenses        
Selling, general and administrative 421 426 846 849
Depreciation, amortization and accretion 236 233 472 467
(Gain) loss on asset disposals, net 9 9 12 16
(Gain) loss on sale of business and other exit costs, net (8) 0 (9) 0
(Gain) loss on license sales and exchanges, net (4) 8 (5) 7
Total operating expenses 1,146 1,199 2,267 2,394
Operating income 40 39 74 106
Other income (expense)        
Equity in earnings of unconsolidated entities 43 39 79 82
Interest and dividend income 6 7 13 12
Interest expense (70) (73) (129) (131)
Other, net 2 1 5 2
Total other expense (19) (26) (32) (35)
Income before income taxes 21 13 42 71
Income tax expense 3 6 12 26
Net income 18 7 30 45
Less: Net income attributable to noncontrolling interests, net of tax 6 4 11 13
Net income attributable to TDS shareholders 12 3 19 32
TDS Preferred Share dividends 17 17 35 35
Net income (loss) attributable to TDS common shareholders $ (5) $ (14) $ (16) $ (3)
Basic weighted average shares outstanding (in shares) 115 114 115 113
Basic earnings (loss) per share attributable to TDS common shareholders $ (0.05) $ (0.13) $ (0.14) $ (0.02)
Diluted weighted average shares outstanding (in shares) 115 114 115 113
Diluted earnings (loss) per share attributable to TDS common shareholders $ (0.05) $ (0.13) $ (0.15) $ (0.03)
Service        
Operating revenues        
Total operating revenues $ 1,000 $ 1,034 $ 1,997 $ 2,078
Operating expenses        
Cost of goods and services 279 296 555 595
Equipment and product sales        
Operating revenues        
Total operating revenues 186 204 344 422
Operating expenses        
Cost of goods and services $ 213 $ 227 $ 396 $ 460