v3.26.1
Consolidated Balance Sheet - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets    
Cash and cash equivalents $ 2,194,014 $ 765,952
Accounts receivable    
Customers, less allowances of $4,495 and $3,406, respectively 63,300 68,737
Other, less allowances of $2,934 and $3,203, respectively 42,530 41,244
Inventory, net 3,775 4,062
Prepaid expenses 33,697 28,206
Income taxes receivable 0 1,292
Other current assets 13,314 13,976
Total current assets 2,350,630 923,469
Non-current assets held for sale 47,475 1,598,131
Licenses 1,595,349 1,642,972
Other intangible assets, net of accumulated amortization of $171,773 and $157,208, respectively 117,108 131,673
Investments in unconsolidated entities 475,077 461,922
Property, plant and equipment    
Property, plant and equipment, net of accumulated depreciation and amortization of $4,246,931 and $4,156,666, respectively 3,123,477 2,965,455
Operating lease right-of-use assets 506,665 515,081
Other assets and deferred charges 167,559 159,600
Total assets [1] 8,383,340 8,398,303
Current liabilities    
Current portion of long-term debt 9,444 5,274
Accounts payable 130,314 115,822
Customer deposits and deferred revenues 66,280 125,140
Accrued interest 2,273 2,836
Accrued taxes 260,113 46,721
Accrued compensation 40,335 56,774
Short-term operating lease liabilities 27,634 26,180
Current liabilities of discontinued operations 24,856 20,242
Other current liabilities 54,387 41,322
Total current liabilities 615,636 440,311
Deferred liabilities and credits    
Deferred income tax liability, net 600,947 743,633
Long-term operating lease liabilities 541,268 549,617
Other deferred liabilities and credits 552,629 574,025
Long-term debt, net 670,646 823,364
Commitments and contingencies
TDS shareholders’ equity    
Series A Common and Common Shares Authorized 290,000 shares (25,000 Series A Common and 265,000 Common Shares) Issued 133,238 shares (7,543 Series A Common and 125,695 Common Shares) and 133,236 shares (7,541 Series A Common and 125,695 Common Shares), respectively Outstanding 115,116 shares (7,543 Series A Common and 107,573 Common Shares) and 113,783 shares (7,541 Series A Common and 106,242 Common Shares), respectively Par Value ($.01 per share) 1,332 1,332
Capital in excess of par value 2,488,372 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, 18,122 and 19,453 Common Shares, respectively (435,903) (473,072)
Accumulated other comprehensive income 20,684 21,506
Retained earnings 2,022,189 1,694,224
Total TDS shareholders' equity 5,170,637 4,801,607
Noncontrolling interests 231,577 465,746
Total equity 5,402,214 5,267,353
Total liabilities and equity [1] $ 8,383,340 $ 8,398,303
[1] The consolidated total assets as of June 30, 2026 and December 31, 2025, include assets held by current consolidated variable interest entities (VIEs) of $34.3 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 June 30, 2026 and December 31, 2025, include certain liabilities of current consolidated VIEs of $9.2 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.