Telephone and data systems, inc. (TDS)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current assets
Cash and cash equivalents

421

465

853

834

959

921

1,062

873

779

619

784

791

896

900

985

899

1,054

985

865

631

635

471

573

874

872

830

711

1,246

766

740

589

613

639

563

599

584

592

341

390

378

670

Short-term investments

-

-

0

18

17

17

0

0

0

100

100

-

-

0

-

-

-

-

-

-

-

-

40

40

40

50

45

110

125

115

180

150

229

246

249

270

299

402

389

379

113

Restricted cash - redemption of 7.6% Series A notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

282

-

-

-

-

Accounts receivable
Customers and agents, less allowances of $81 and $74, respectively

962

1,005

989

969

968

992

930

886

867

861

775

749

739

753

725

724

700

705

672

588

549

548

500

460

424

551

509

353

374

409

394

380

348

393

363

365

346

378

360

355

384

Other, less allowances of $2 and $2, respectively

90

119

127

113

99

107

128

101

88

100

96

96

90

98

99

100

92

98

102

115

109

135

152

163

190

179

177

132

131

164

183

161

147

148

172

153

144

133

144

143

130

Inventory, net

218

169

147

154

165

150

132

153

153

145

107

149

151

151

148

184

160

158

183

146

178

273

193

205

224

244

149

168

143

160

201

189

134

130

153

165

113

116

124

124

156

Net deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

92

92

107

100

106

106

106

62

56

44

43

46

44

40

40

37

47

37

37

29

29

29

Prepaid expenses

115

98

98

95

91

103

102

103

104

112

109

111

116

115

113

121

130

112

119

102

97

86

89

88

89

87

94

93

86

86

86

86

84

80

80

89

87

76

93

92

94

Income taxes receivable

111

36

3

17

8

12

3

1

10

2

2

2

3

10

6

6

5

70

-

0

0

113

10

9

5

2

1

0

11

9

11

9

9

85

60

63

21

64

50

-

3

Other current assets

33

29

28

28

28

28

30

43

42

27

31

26

30

32

34

31

32

30

30

30

29

29

31

32

35

35

36

32

30

32

26

19

18

16

17

17

15

17

60

62

63

Total current assets

1,950

1,921

2,245

2,228

2,335

2,330

2,387

2,160

2,043

1,966

2,004

1,924

2,025

2,059

2,110

2,065

2,173

2,158

2,073

1,708

1,692

1,766

1,691

1,981

1,989

2,087

1,787

2,193

1,715

1,763

1,721

1,656

1,651

1,705

1,735

1,758

1,939

1,570

1,642

1,566

1,647

Assets held for sale

-

-

9

0

0

54

42

1

6

10

5

4

5

8

16

23

26

-

9

22

29

103

68

5

-

16

78

78

160

163

-

-

-

49

60

53

-

-

-

-

-

Licenses

2,511

2,480

2,470

2,478

2,222

2,195

2,198

2,240

2,240

2,232

2,234

2,235

1,904

1,895

1,876

1,864

1,818

1,844

1,844

1,837

1,837

1,453

1,400

1,460

1,448

1,423

1,420

1,418

1,494

1,480

1,555

1,507

1,505

1,494

1,493

1,462

1,460

1,460

1,453

1,453

1,443

Goodwill

547

547

509

509

509

509

509

509

509

509

508

770

770

766

766

766

766

766

765

771

771

771

783

834

836

836

821

759

797

797

816

816

796

797

797

728

728

728

718

718

707

Franchise rights

-

-

-

-

-

-

-

-

-

-

244

244

244

244

244

244

244

244

244

244

244

244

238

124

123

123

123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other intangible assets, net of accumulated amortization of $173 and $167, respectively

232

239

235

241

247

253

260

266

273

279

26

28

31

33

36

39

43

47

50

55

59

64

70

61

66

71

59

52

55

58

61

65

47

50

54

26

28

30

25

28

26

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures

509

488

511

490

507

480

500

477

488

453

467

452

472

451

459

446

423

402

386

364

343

321

335

308

326

301

345

312

201

179

199

213

191

173

195

177

206

197

214

200

203

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

40

40

50

10

55

50

45

85

90

81

102

121

107

-

Other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

1

1

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

1

1

3

5

8

8

8

9

9

9

Total investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,291

3,273

3,256

-

2,829

2,790

2,802

2,758

2,811

2,584

2,589

2,566

2,644

2,658

2,592

2,563

2,631

2,495

2,514

2,528

2,542

2,518

2,391

Property, plant and equipment
In service and under construction

13,103

12,864

12,522

12,348

12,189

12,074

11,873

11,754

11,820

11,742

11,634

11,726

11,729

11,679

11,551

11,520

11,581

11,520

11,307

11,203

11,189

11,194

11,333

11,220

11,253

11,239

11,039

10,758

10,917

10,808

10,628

10,482

10,341

10,197

9,918

9,675

9,501

9,351

9,144

9,006

8,720

Less: Accumulated depreciation and amortization

9,508

9,337

9,169

9,030

8,907

8,728

8,644

8,495

8,485

8,318

8,297

8,353

8,280

8,124

8,002

7,907

7,902

7,756

7,600

7,476

7,443

7,347

7,497

7,470

7,474

7,361

7,157

6,989

7,010

6,811

6,725

6,629

6,518

6,413

6,291

6,157

6,004

5,833

5,699

5,544

5,253

Property, plant and equipment, net

3,595

3,527

3,353

3,318

3,282

3,346

3,229

3,259

3,335

3,424

3,337

3,373

3,449

3,555

3,549

3,613

3,679

3,764

3,706

3,726

3,746

3,846

3,836

3,749

3,779

3,878

3,881

3,768

3,906

3,997

3,903

3,853

3,823

3,784

3,627

3,517

3,497

3,517

3,445

3,462

3,467

Operating lease right-of-use assets

975

972

970

963

965

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and deferred charges

576

607

579

568

720

616

594

586

587

422

385

348

449

434

392

366

211

197

236

255

270

282

214

180

178

164

140

129

130

133

121

115

104

97

107

94

119

79

62

63

65

Assets

10,895

10,781

10,881

10,795

10,787

9,783

9,719

9,498

9,481

9,295

9,210

9,378

9,349

9,446

9,449

9,426

9,383

9,422

9,317

8,986

8,996

8,854

8,640

8,707

8,749

8,904

8,699

8,754

8,501

8,623

8,390

8,283

8,172

8,201

8,162

7,920

8,071

7,696

7,693

7,610

7,571

Liabilities and Equity
Current liabilities
Current portion of long-term debt

8

10

21

21

21

21

20

20

20

20

20

12

12

12

12

14

14

14

9

0

0

0

0

0

1

1

1

1

1

1

1

1

1

1

3

1

284

1

1

2

2

Accounts payable

378

374

386

367

400

365

365

296

322

368

308

295

260

365

366

362

355

349

433

345

312

387

469

425

414

496

398

393

335

377

311

310

327

364

416

344

329

317

299

312

347

Customer deposits and deferred revenues

181

189

195

205

203

197

182

165

169

223

211

218

217

229

242

269

283

288

274

317

338

324

330

302

287

289

244

228

231

222

237

231

218

207

203

194

182

171

167

169

164

Accrued interest

19

11

20

13

22

11

22

12

22

11

22

11

20

11

19

11

21

12

18

8

17

7

15

6

15

6

15

8

15

6

16

5

16

7

14

5

19

4

21

12

12

Accrued taxes

38

41

63

45

44

44

55

54

45

64

72

85

67

44

48

50

36

41

143

121

174

46

87

73

72

70

107

190

55

48

74

53

46

41

45

44

42

46

81

84

61

Accrued compensation

77

121

111

77

73

127

115

84

77

126

112

78

77

127

115

96

75

113

98

92

68

114

100

98

65

115

97

95

75

134

85

83

54

107

76

75

67

99

87

71

93

Short-term operating lease liabilities

121

116

115

112

110

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

78

100

90

85

92

114

93

98

95

106

84

87

85

99

85

96

106

127

105

134

145

181

153

166

167

212

142

114

102

134

99

105

94

144

108

97

101

144

98

98

117

Total current liabilities

900

962

1,001

925

965

879

852

729

750

918

829

786

738

887

887

898

890

944

1,082

1,021

1,057

1,063

1,157

1,072

1,025

1,191

1,008

1,034

817

924

826

791

759

874

868

763

1,026

785

757

750

798

Liabilities held for sale

-

-

1

0

0

1

-

-

-

0

-

-

-

-

-

-

-

-

0

-

0

21

-

0

-

-

0

0

18

19

-

-

-

1

0

0

-

-

-

-

-

Deferred liabilities and credits
Deferred income tax liability, net

750

676

664

681

665

640

642

636

634

552

898

899

921

922

910

-908

-905

900

-888

-885

-878

-941

-823

-828

-847

-862

-851

-855

-867

-862

-867

-847

-821

-808

-771

-688

-634

-589

566

492

-519

Long-term operating lease liabilities

929

931

931

927

929

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other deferred liabilities and credits

491

481

475

450

446

541

542

523

516

495

480

472

467

453

461

447

441

433

431

436

441

430

455

460

477

458

445

460

445

438

405

391

391

383

363

402

408

354

390

393

329

Long-term debt, net

2,365

2,316

2,405

2,409

2,414

2,418

2,422

2,427

2,431

2,437

2,443

2,428

2,431

2,433

2,436

2,436

2,437

2,440

2,209

1,993

1,993

1,941

1,718

1,718

1,720

1,720

1,721

1,720

1,721

1,721

1,528

1,529

1,529

1,529

1,528

1,530

1,517

1,499

1,492

1,492

1,492

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

Noncontrolling interests with redemption features

11

11

11

10

11

11

11

11

11

1

1

1

1

1

1

1

2

1

0

1

6

1

1

0

0

0

0

0

0

0

0

1

1

1

0

0

0

0

0

0

0

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) and 115 shares(7 Series A Common and 108 Common Shares), respectively Par Value ($.01 per share)

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

Capital in excess of par value

2,489

2,468

2,456

2,438

2,442

2,432

2,424

2,418

2,421

2,413

2,404

2,393

2,394

2,386

2,373

2,363

2,372

2,365

2,353

2,342

2,344

2,336

2,329

2,312

2,313

2,308

2,301

2,299

2,302

2,304

2,293

2,280

2,278

2,268

2,116

2,108

2,113

2,107

2,101

2,098

2,088

Treasury shares, at cost, 18 Common Shares

480

479

481

488

505

519

563

624

643

669

679

684

693

698

703

717

726

727

731

735

745

748

746

737

722

721

727

738

747

750

739

742

746

750

754

756

748

738

724

706

681

Accumulated other comprehensive loss

-8

-9

-10

-10

-10

-10

-3

-3

-3

-1

-

-

-

1

-

-

-

-

-0

5

6

6

-1

-0

-0

-0

-8

-8

-8

-8

-8

-8

-8

-8

-2

-2

-3

-3

-3

-3

-2

Retained earnings

2,718

2,672

2,680

2,684

2,683

2,656

2,683

2,692

2,696

2,525

2,257

2,457

2,473

2,454

2,477

2,487

2,479

2,487

2,503

2,468

2,460

2,330

2,366

2,496

2,533

2,529

2,555

2,586

2,449

2,464

2,528

2,514

2,487

2,451

2,619

2,553

2,475

2,450

2,449

2,420

2,361

Total TDS shareholders' equity

4,720

4,653

4,646

4,625

4,611

4,560

4,542

4,484

4,472

4,269

3,983

4,167

4,175

4,144

4,148

4,134

4,126

4,126

4,126

4,081

4,066

3,926

3,949

4,071

4,124

4,117

4,122

4,140

3,997

4,011

4,074

4,045

4,011

3,962

3,979

3,904

3,839

3,817

3,824

3,810

3,767

Preferred shares

-

-

-

-

-

-

-

-

-

-

0

-

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Noncontrolling interests

729

751

747

768

746

733

708

688

667

623

576

625

615

605

605

601

581

577

575

565

550

527

534

552

552

551

548

541

632

643

687

675

656

639

649

629

643

647

660

669

662

Total equity

5,449

5,404

5,393

5,393

5,357

5,293

5,250

5,172

5,139

4,892

4,559

4,792

4,791

4,750

4,754

4,736

4,708

4,704

4,702

4,648

4,618

4,455

4,484

4,625

4,678

4,670

4,672

4,682

4,630

4,656

4,763

4,721

4,669

4,602

4,629

4,534

4,483

4,465

4,485

4,480

4,430

Total liabilities and equity

10,895

10,781

10,881

10,795

10,787

9,783

9,719

9,498

9,481

9,295

9,210

9,378

9,349

9,446

9,449

9,426

9,383

9,422

9,317

8,986

8,996

8,854

8,640

8,707

8,749

8,904

8,699

8,754

8,501

8,623

8,390

8,283

8,172

8,201

8,162

7,920

8,071

7,696

7,693

7,610

7,571