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Consolidated Balance Sheet - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 1,366,604 $ 765,952
Accounts receivable    
Customers, less allowances of $4,899 and $3,406, respectively 63,433 68,737
Other, less allowances of $2,480 and $3,203, respectively 39,451 41,244
Inventory, net 3,746 4,062
Prepaid expenses 33,858 28,206
Income taxes receivable 0 1,292
Other current assets 12,987 13,976
Total current assets 1,520,079 923,469
Non-current assets held for sale 737,437 1,598,131
Licenses 1,642,824 1,642,972
Other intangible assets, net of accumulated amortization of $164,490 and $157,208, respectively 124,391 131,673
Investments in unconsolidated entities 486,132 461,922
Property, plant and equipment    
Property, plant and equipment, net of accumulated depreciation and amortization of $4,198,471 and $4,156,666, respectively 3,025,322 2,965,455
Operating lease right-of-use assets 513,237 515,081
Other assets and deferred charges 161,905 159,600
Total assets [1] 8,211,327 8,398,303
Current liabilities    
Current portion of long-term debt 7,515 5,274
Accounts payable 97,068 115,822
Customer deposits and deferred revenues 84,165 125,140
Accrued interest 3,415 2,836
Accrued taxes 138,488 46,721
Accrued compensation 27,630 56,774
Short-term operating lease liabilities 26,297 26,180
Current liabilities of discontinued operations 20,242 20,242
Other current liabilities 38,855 41,322
Total current liabilities 443,675 440,311
Deferred liabilities and credits    
Deferred income tax liability, net 699,150 743,633
Long-term operating lease liabilities 548,420 549,617
Other deferred liabilities and credits 584,484 574,025
Long-term debt, net 672,700 823,364
Commitments and contingencies
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290,000 shares (25,000 Series A Common and 265,000 Common Shares) Issued 133,237 shares (7,542 Series A Common and 125,695 Common Shares) and 133,236 shares (7,541 Series A Common and 125,695 Common Shares), respectively Outstanding 113,850 shares (7,542 Series A Common and 106,308 Common Shares) and 113,783 shares (7,541 Series A Common and 106,242 Common Shares), respectively Par Value ($.01 per share) 1,332 1,332
Capital in excess of par value 2,485,605 2,483,654
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, 19,387 and 19,453 Common Shares, respectively (471,232) (473,072)
Accumulated other comprehensive income 21,095 21,506
Retained earnings 1,813,519 1,694,224
Total TDS shareholders' equity 4,924,282 4,801,607
Noncontrolling interests 338,616 465,746
Total equity 5,262,898 5,267,353
Total liabilities and equity [1] $ 8,211,327 $ 8,398,303
[1] The consolidated total assets as of March 31, 2026 and December 31, 2025, include assets held by current consolidated variable interest entities (VIEs) of $35.1 million and $35.5 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of March 31, 2026 and December 31, 2025, include certain liabilities of current consolidated VIEs of $9.4 million and $9.6 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of TDS. See Note 9 — Variable Interest Entities for additional information.