v3.26.1
Consolidated Statement of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Operating revenues        
Total operating revenues $ 309,281 $ 298,541 $ 618,731 $ 588,974
Operating expenses        
Selling, general and administrative 111,478 108,604 214,185 225,019
Depreciation, amortization and accretion 88,777 86,022 174,720 170,349
(Gain) loss on asset disposals, net 8,769 5,906 10,579 7,795
(Gain) loss on sale of business and other exit costs, net 0 (7,879) 1,562 (8,877)
(Gain) loss on license sales and exchanges, net (402,280) (3,700) (553,158) (4,800)
Total operating expenses (63,931) 310,848 101,701 635,215
Operating income (loss) 373,212 (12,307) 517,030 (46,241)
Other income (expense)        
Equity in earnings of unconsolidated entities 37,126 42,952 79,028 79,471
Interest and dividend income 19,631 6,110 33,417 12,381
Interest expense (11,388) (29,166) (16,709) (53,074)
Short-term imputed spectrum lease income 23,770 0 57,970 0
Other, net 5,346 2,395 10,796 5,117
Total other income 74,485 22,291 164,502 43,895
Income (loss) before income taxes 447,697 9,984 681,532 (2,346)
Income tax expense (benefit) 106,410 (4,224) 160,819 (12,347)
Net income from continuing operations 341,287 14,208 520,713 10,001
Less: Net income from continuing operations attributable to noncontrolling interests, net of tax 63,332 2,943 96,143 4,667
Net income from continuing operations attributable to TDS shareholders 277,955 11,265 424,570 5,334
Net income from discontinued operations 25,071 3,578 22,683 19,749
Less: Net income from discontinued operations attributable to noncontrolling interests, net of tax 4,660 3,272 4,292 6,041
Net income from discontinued operations attributable to TDS shareholders 20,411 306 18,391 13,708
Net income 366,358 17,786 543,396 29,750
Less: Net income attributable to noncontrolling interests, net of tax 67,992 6,215 100,435 10,708
Net income attributable to TDS shareholders 298,366 11,571 442,961 19,042
TDS Preferred Share dividends 17,306 17,306 34,613 34,613
Net income (loss) attributable to TDS common shareholders $ 281,060 $ (5,735) $ 408,348 $ (15,571)
Basic weighted average shares outstanding (in shares) 114,500 115,229 114,193 114,908
Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders $ 2.28 $ (0.05) $ 3.42 $ (0.25)
Basic earnings per share from discontinued operations attributable to TDS common shareholders 0.17 0 0.16 0.11
Basic earnings (loss) per share attributable to TDS common shareholders $ 2.45 $ (0.05) $ 3.58 $ (0.14)
Diluted weighted average shares outstanding (in shares) 116,291 115,229 116,465 114,908
Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders $ 2.24 $ (0.05) $ 3.35 $ (0.26)
Diluted earnings per share from discontinued operations attributable to TDS common shareholders 0.18 0 0.15 0.12
Diluted earnings (loss) per share attributable to TDS common shareholders $ 2.42 $ (0.05) $ 3.50 $ (0.14)
Service        
Operating revenues        
Total operating revenues $ 249,179 $ 265,128 $ 499,600 $ 521,744
Operating expenses        
Cost of goods and services 124,031 116,395 242,773 233,602
Equipment and product sales        
Operating revenues        
Total operating revenues 6,927 6,183 14,932 13,405
Operating expenses        
Cost of goods and services 5,294 5,500 11,040 12,127
Site rental        
Operating revenues        
Total operating revenues $ 53,175 $ 27,230 $ 104,199 $ 53,825