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Consolidated Balance Sheet - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 932,994 $ 363,612
Accounts receivable    
Customers, less allowances of $3,382 and $4,367, respectively 59,313 57,139
Other, less allowances of $3,184 and $1,643, respectively 38,424 41,413
Inventory, net 4,039 4,052
Prepaid expenses 29,382 32,367
Income taxes receivable 0 2,487
Current assets held for sale 1,633 0
Current assets of discontinued operations 0 1,163,032
Other current assets 13,959 31,088
Total current assets 1,079,744 1,695,190
Non-current assets held for sale 1,617,872 12
Total non-current assets of discontinued operations 0 4,499,561
Licenses 1,650,288 3,289,648
Other intangible assets, net of accumulated amortization of $149,925 and $128,077, respectively 138,956 160,804
Investments in unconsolidated entities 500,997 500,471
Property, plant and equipment    
In service and under construction 7,009,334 7,013,679
Less: Accumulated depreciation and amortization 4,125,805 4,137,465
Property, plant and equipment, net 2,883,529 2,876,214
Operating lease right-of-use assets 523,104 520,902
Other assets and deferred charges 137,888 139,430
Total assets [1] 8,532,378 13,682,232
Current liabilities    
Current portion of long-term debt 3,186 31,131
Accounts payable 120,996 74,866
Customer deposits and deferred revenues 164,582 46,992
Accrued interest 4,224 8,999
Accrued taxes 138,688 36,561
Accrued compensation 51,945 147,061
Short-term operating lease liabilities 26,481 27,529
Current liabilities held for sale 1,228 0
Current liabilities of discontinued operations 20,242 671,575
Other current liabilities 39,786 44,980
Total current liabilities 571,358 1,089,694
Non-current liabilities held for sale 3,599 0
Non-current liabilities of discontinued operations 0 2,310,660
Deferred liabilities and credits    
Deferred income tax liability, net 715,086 980,769
Long-term operating lease liabilities 555,101 540,904
Other deferred liabilities and credits 576,947 460,676
Long-term debt, net 825,312 2,415,686
Commitments and contingencies
Noncontrolling interests with redemption features 0 15,831
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290,000 shares (25,000 Series A Common and 265,000 Common Shares) Issued 133,235 shares (7,540 Series A Common and 125,695 Common Shares) and 133,229 shares (7,534 Series A Common and 125,695 Common Shares), respectively Outstanding 115,544 shares (7,540 Series A Common and 108,004 Common Shares) and 114,345 shares (7,534 Series A Common and 106,811 Common Shares), respectively Par Value ($.01 per share) 1,332 1,332
Capital in excess of par value 2,478,916 2,574,042
Preferred Shares, 279,000 shares authorized, par value $0.01 per share, 44,400 shares outstanding (16,800 Series UU and 27,600 Series VV) 1,073,963 1,073,963
Treasury shares, at cost, 17,691 and 18,884 Common Shares, respectively (405,489) (425,342)
Accumulated other comprehensive income 17,274 18,238
Retained earnings 1,301,051 1,849,009
Total TDS shareholders' equity 4,467,047 5,091,242
Noncontrolling interests 817,928 776,770
Total equity 5,284,975 5,868,012
Total liabilities and equity [1] $ 8,532,378 $ 13,682,232
[1] The consolidated total assets as of September 30, 2025 and December 31, 2024, include assets held by current consolidated variable interest entities (VIEs) of $34.9 million and $165.7 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of September 30, 2025 and December 31, 2024, include certain liabilities of current consolidated VIEs of $9.5 million and $21.6 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 12 — Variable Interest Entities for additional information.