Telephone & Data Systems Inc income statement
In fiscal 2025, Telephone & Data Systems Inc reported revenue of $1.23bn, down 5.3% on the year before, operating income of −$97.4m (a -7.9% margin) and net income of −$6.2m, or −$0.65 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 5,020 | 4,987 | 5,180 | 5,345 | 4,901 | 5,009 | 5,210 | 5,155 | 5,044 | 5,109 | 5,176 | 5,225 | 5,329 | 5,413 | 1,355 | 1,297 | 1,228 | 1,258 |
| Cost of revenue | 1,871 | 1,925 | 2,051 | 2,273 | 2,225 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Gross profit | 3,149 | 3,062 | 3,130 | 3,073 | 2,676 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Selling, general and administrative | 1,964 | 1,998 | 2,002 | 2,034 | 1,948 | 1,865 | 1,781 | 1,762 | 1,689 | 1,694 | 1,717 | 1,681 | 1,677 | 1,768 | 489 | 487 | 435 | 424 |
| Operating income | 408 | 296 | 363 | 184 | 235 | −190 | 431 | 108 | −108 | 205 | 179 | 259 | 261 | 122 | −683 | −191 | −97 | 466 |
| Interest expense | 126 | 117 | 118 | 87 | 99 | 111 | 142 | 170 | 170 | 172 | 165 | 168 | 232 | 174 | 62 | 109 | 113 | 76 |
| Income before tax | 385 | 286 | 364 | 196 | 293 | −152 | 435 | 92 | −122 | 221 | 211 | 288 | 221 | 125 | −563 | −103 | 89 | 773 |
| Income tax | 136 | 95 | 114 | 74 | 126 | −5 | 172 | 40 | −279 | 46 | 64 | 19 | 33 | 53 | −16 | −22 | −62 | 111 |
| Net income | 191 | 145 | 201 | 82 | 142 | −136 | 219 | 43 | 153 | 135 | 121 | 226 | 156 | 62 | −500 | −28 | −6 | 418 |
| Diluted EPS | $1.67 | $1.31 | $1.83 | $0.75 | $1.29 | −$1.26 | $1.98 | $0.39 | $1.37 | $1.17 | $1.03 | $1.93 | $1.00 | −$0.07 | −$5.05 | −$0.85 | −$0.65 | $3.50 |
| Diluted shares (average) | 115m | 110m | 109m | 109m | 109m | 108m | 110m | 111m | 112m | 114m | 116m | 115m | 116m | 114m | 113m | 114m | 119m | 119m |
| EBITDA | 1,152 | 1,052 | 1,128 | 997 | 1,220 | 608 | 1,242 | 928 | 709 | 1,044 | 1,069 | 1,121 | 1,112 | 1,004 | −412 | 94 | 206 | 774 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 327 | 295 | 290 | 299 | 309 | 331 | 309 | 309 |
| Selling, general and administrative | 117 | 116 | 116 | 109 | 106 | 104 | 103 | 111 |
| Operating income | −150 | 17 | −34 | −12 | −68 | 17 | 144 | 373 |
| Interest expense | 33 | 30 | 24 | 29 | 47 | 12 | 5 | 11 |
| Income before tax | −130 | 35 | −12 | 10 | 6 | 85 | 234 | 448 |
| Income tax | −31 | 15 | −8 | −4 | −73 | 23 | 54 | 106 |
| Net income | −66 | 6 | 7 | 12 | −82 | 56 | 145 | 298 |
| Diluted EPS | −$0.73 | −$0.10 | −$0.09 | −$0.05 | −$0.84 | $0.34 | $1.09 | $2.42 |
| EBITDA | −69 | 61 | 50 | 74 | 24 | 58 | 230 | 462 |
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