v3.25.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 348 $ 364
Accounts receivable    
Customers and agents, less allowances of $61 and $68, respectively 921 962
Other, less allowances of $2 and $2, respectively 83 79
Inventory, net 182 183
Prepaid expenses 98 72
Income taxes receivable 3 2
Other current assets 38 33
Total current assets 1,673 1,695
Assets held for sale 14 0
Licenses 4,590 4,588
Other intangible assets, net of accumulated amortization of $135 and $128, respectively 154 161
Investments in unconsolidated entities 527 500
Property, plant and equipment    
In service and under construction 14,357 14,363
Less: Accumulated depreciation and amortization 9,486 9,369
Property, plant and equipment, net 4,871 4,994
Operating lease right-of-use assets 978 982
Other assets and deferred charges 729 762
Total assets [1] 13,536 13,682
Current liabilities    
Current portion of long-term debt 35 31
Accounts payable 247 280
Customer deposits and deferred revenues 276 283
Accrued interest 25 16
Accrued taxes 41 39
Accrued compensation 62 150
Short-term operating lease liabilities 151 153
Other current liabilities 123 138
Total current liabilities 960 1,090
Liabilities held for sale 5 0
Deferred liabilities and credits    
Deferred income tax liability, net 987 981
Long-term operating lease liabilities 867 867
Other deferred liabilities and credits 807 809
Long-term debt, net 4,042 4,051
Commitments and contingencies
Noncontrolling interests with redemption features 16 16
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290 shares (25 Series A Common and 265 Common Shares) Issued 133 shares (7 Series A Common and 126 Common Shares) Outstanding 114 shares (7 Series A Common and 107 Common Shares) Par Value ($.01 per share) 1 1
Capital in excess of par value 2,581 2,574
Preferred Shares, 0.279 shares authorized, par value $0.01 per share, 0.0444 shares outstanding (0.0168 Series UU and 0.0276 Series VV) 1,074 1,074
Treasury shares, at cost, 18 and 19 Common Shares, respectively (414) (425)
Accumulated other comprehensive income 18 18
Retained earnings 1,818 1,849
Total TDS shareholders' equity 5,078 5,091
Noncontrolling interests 774 777
Total equity 5,852 5,868
Total liabilities and equity [1] $ 13,536 $ 13,682
[1] The consolidated total assets as of March 31, 2025 and December 31, 2024, include assets held by consolidated variable interest entities (VIEs) of $1,023 million and $983 million, respectively, which are not available to be used to settle the obligations of TDS. The consolidated total liabilities as of March 31, 2025 and December 31, 2024, include certain liabilities of consolidated VIEs of $23 million and $24 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.