XML 27 R2.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Operating revenues    
Total operating revenues $ 309,450 $ 290,433
Operating expenses    
Selling, general and administrative 102,708 116,415
Depreciation, amortization and accretion 85,943 84,329
(Gain) loss on asset disposals, net 1,810 1,888
(Gain) loss on sale of business and other exit costs, net 1,562 (998)
(Gain) loss on license sales and exchanges, net (150,878) (1,100)
Total operating expenses 165,632 324,367
Operating income (loss) 143,818 (33,934)
Other income (expense)    
Equity in earnings of unconsolidated entities 41,902 36,518
Interest and dividend income 13,786 6,270
Interest expense (5,321) (23,909)
Short-term imputed spectrum lease income 34,200 0
Other, net 5,450 2,725
Total other income 90,017 21,604
Income (loss) before income taxes 233,835 (12,330)
Income tax expense (benefit) 54,408 (8,123)
Net income (loss) from continuing operations 179,427 (4,207)
Less: Net income from continuing operations attributable to noncontrolling interests, net of tax 32,813 1,724
Net income (loss) from continuing operations attributable to TDS shareholders 146,614 (5,931)
Net income (loss) from discontinued operations (2,389) 16,171
Less: Net income (loss) from discontinued operations attributable to noncontrolling interests, net of tax (369) 2,770
Net income (loss) from discontinued operations attributable to TDS shareholders (2,020) 13,401
Net income 177,038 11,964
Less: Net income attributable to noncontrolling interests, net of tax 32,444 4,494
Net income attributable to TDS shareholders 144,594 7,470
TDS Preferred Share dividends 17,306 17,306
Net income (loss) attributable to TDS common shareholders $ 127,288 $ (9,836)
Basic weighted average shares outstanding (in shares) 113,882 114,582
Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders $ 1.14 $ (0.20)
Basic earnings (loss) per share from discontinued operations attributable to TDS common shareholders (0.02) 0.11
Basic earnings (loss) per share attributable to TDS common shareholders $ 1.12 $ (0.09)
Diluted weighted average shares outstanding (in shares) 116,651 114,582
Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders $ 1.11 $ (0.20)
Diluted earnings (loss) per share from discontinued operations attributable to TDS common shareholders (0.02) 0.11
Diluted earnings (loss) per share attributable to TDS common shareholders $ 1.09 $ (0.09)
Service    
Operating revenues    
Total operating revenues $ 250,421 $ 256,616
Operating expenses    
Cost of goods and services 118,741 117,206
Equipment and product sales    
Operating revenues    
Total operating revenues 8,005 7,222
Operating expenses    
Cost of goods and services 5,746 6,627
Site rental    
Operating revenues    
Total operating revenues $ 51,024 $ 26,595