TELEPHONE AND DATA SYSTEMS, INC. TDS Cash Flow

Telephone and data systems, inc. (TDS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
83,000	15,000	23,000	39,000	70,000	20,000	54,000	44,000	57,000	333,000	-231,000	12,000	43,000	-6,000	16,000	32,000	10,000	-2,000	63,000	26,000	176,000	-20,369	-121,199	-25,726	20,294	-7,511	-11,054	178,397	6,989	-41,010	40,158	55,939	67,566	-2,013	88,218	109,740	54,297	20,508	55,420	52,389	62,269
Add (deduct) adjustments to reconcile net income to net cash flows from operating activities
Depreciation, amortization and accretion
235,000	235,000	237,000	233,000	227,000	221,000	221,000	220,000	221,000	212,000	210,000	211,000	211,000	214,000	214,000	210,000	212,000	216,000	210,000	211,000	207,000	201,985	205,529	204,567	224,919	266,502	255,295	254,203	242,077	221,464	196,219	198,509	197,434	191,879	190,039	193,045	190,813	189,604	186,398	190,258	189,389
Bad debts expense
34,000	32,000	30,000	25,000	25,000	30,000	28,000	23,000	20,000	27,000	19,000	25,000	24,000	30,000	26,000	27,000	19,000	29,000	28,000	25,000	30,000	28,782	27,120	30,539	21,559	48,936	21,506	17,313	17,874	18,098	22,971	18,521	15,105	19,510	19,195	15,621	14,285	22,011	21,454	19,388	20,245
Stock-based compensation expense
11,000	12,000	14,000	20,000	13,000	17,000	14,000	13,000	10,000	12,000	12,000	11,000	11,000	13,000	11,000	9,000	9,000	11,000	11,000	10,000	8,000	10,285	10,227	8,729	6,759	8,471	8,965	5,317	7,585	10,147	10,769	10,625	10,330	9,045	8,879	9,454	9,459	9,073	9,312	9,299	7,444
Deferred income taxes, net
75,000	11,000	-17,000	15,000	25,000	2,000	6,000	-1,000	26,000	-346,000	-1,000	-21,000	-1,000	11,000	3,000	3,000	5,000	111,000	1,000	6,000	-47,000	105,242	104	-18,836	-14,510	-36,402	-9,502	-24,255	3,009	6,616	22,240	23,742	6,187	42,111	80,799	31,796	47,841	19,552	85,720	-15,007	-13,874
Income (Loss) from Equity Method Investments
45,000	39,000	44,000	41,000	44,000	39,000	43,000	40,000	38,000	36,000	36,000	33,000	32,000	31,000	37,000	37,000	35,000	30,000	40,000	35,000	35,000	23,802	36,081	34,790	37,327	32,411	37,609	35,605	27,089	19,071	25,015	25,392	23,389	18,507	22,053	22,590	19,388	23,027	24,147	25,997	24,903
Distributions from unconsolidated entities
25,000	62,000	24,000	57,000	19,000	62,000	21,000	53,000	17,000	51,000	20,000	54,000	11,000	38,000	25,000	16,000	14,000	15,000	18,000	14,000	13,000	37,136	9,295	52,749	12,820	76,050	4,244	39,546	8,089	39,326	38,585	4,035	2,938	39,846	5,010	38,936	8,439	41,326	10,779	41,497	7,243
(Gain) loss on asset disposals, net
-4,000	-7,000	-5,000	-5,000	5,000	-6,000	0	-1,000	-2,000	-5,000	-6,000	-6,000	-4,000	-7,000	-8,000	-6,000	-6,000	-7,000	-5,000	-5,000	-5,000	-7,374	-9,293	-7,903	-2,430	-14,751	-2,155	-8,319	-5,616	-3,025	-11,642	-2,995	-2,079	-15,922	9,351	-3,238	-1,143	-2,740	-2,378	-1,214	-5,431
(Gain) loss on sale of business and other exit costs, net
0	0	-1,000	0	2,000	0	0	0	0	-	-	-	-	-	-	-	-	6,000	1,000	5,000	124,000	6,921	4,790	-2,611	6,900	3,019	1,534	303,034	-6,931	-25,170	-65	0	4,174	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Intangible Assets
0	0	-2,000	0	2,000	0	1,000	10,000	7,000	3,000	0	2,000	17,000	-	-	-	-	0	24,000	0	123,000	21,554	0	0	91,446	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating activities
0	-	1,000	2,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash interest
-	-	-	-	-	-	-	-	1,000	-	1,000	0	1,000	-	0	1,000	1,000	1,000	1,000	0	1,000	416	570	508	506	965	501	500	497	-3,127	827	866	862	876	826	16,272	875	-	-	-	-
Other operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,013	-10	44	-47	-37	-70	-249	-256	257	-640	-158	-852	563	-560	89	-1,159	-885	-164	-282	948
Changes in assets and liabilities from operations
Accounts receivable
-43,000	7,000	40,000	30,000	-28,000	34,000	56,000	26,000	-77,000	55,000	11,000	23,000	-28,000	14,000	3,000	26,000	-20,000	26,000	76,000	39,000	-21,000	52,653	-3,517	23,419	-90,555	77,029	210,919	39,819	-34,038	11,629	59,281	49,138	-38,941	25,736	31,871	46,257	-8,438	128,073	-27,906	-30,633	9,648
Equipment installment plans receivable
-23,000	55,000	31,000	1,000	10,000	61,000	41,000	30,000	17,000	97,000	57,000	63,000	44,000	86,000	66,000	53,000	41,000	38,000	31,000	29,000	36,000	57,480	83,549	50,365	-2,394	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
52,000	22,000	-7,000	-11,000	15,000	18,000	-21,000	0	8,000	-	-	-	-	-1,000	-29,000	25,000	1,000	-25,000	37,000	-32,000	-95,000	81,078	-13,404	-19,018	-19,656	94,650	-19,219	24,965	-16,860	-41,001	12,451	53,625	4,842	-23,005	-12,439	51,804	-2,978	-73,228	394	33,124	-947
Accounts payable
87,000	-56,000	5,000	-55,000	46,000	-11,000	63,000	-18,000	-32,000	52,000	0	16,000	-75,000	-11,000	15,000	-7,000	39,000	-118,000	95,000	44,000	-14,000	-128,034	54,166	10,271	-53,403	52,716	-24,892	61,407	-3,203	25,396	-14,392	2,036	-25,372	-8,078	12,691	-31,511	56,189	1,275	-13,462	5,104	-40,676
Customer deposits and deferred revenues
-9,000	-7,000	-10,000	3,000	5,000	15,000	18,000	3,000	-28,000	12,000	-6,000	2,000	-12,000	-11,000	-23,000	-12,000	-6,000	14,000	-43,000	-20,000	13,000	5,316	15,545	14,586	-1,447	44,577	13,986	-7	7,904	4,658	5,537	12,041	10,745	4,266	8,591	12,258	10,342	4,115	-1,854	3,433	784
Accrued taxes
-74,000	-54,000	35,000	-7,000	9,000	-26,000	2,000	19,000	-24,000	-4,000	-12,000	20,000	33,000	-17,000	1,000	13,000	63,000	-174,000	21,000	-61,000	252,000	-137,307	13,258	2,683	-1,634	-24,450	-108,587	145,116	5,309	-30,044	18,069	7,419	82,014	-29,882	2,470	-19,291	18,832	-52,441	-67,052	-12,289	36,498
Accrued interest
9,000	-	-	-	11,000	-	-	-	11,000	-	-	-	9,000	-	8,000	-10,000	9,000	-	-	-	9,000	-8,105	9,083	-9,114	9,136	-9,071	7,279	-7,107	9,279	-10,379	11,311	-10,940	9,117	-7,168	9,164	-13,717	15,072	-17,023	9,241	-9,110	9,212
Other assets and liabilities
82,000	-17,000	-31,000	0	74,000	-31,000	-30,000	-8,000	74,000	-40,000	-35,000	-13,000	57,000	-16,000	-19,000	-19,000	78,000	-35,000	22,000	-8,000	96,000	-36,569	28,933	-18,835	99,471	-84,347	12,715	-14,083	95,669	-65,262	14,268	-22,631	104,148	-71,759	-14,114	2,559	87,732	-76,502	14,495	26,583	-58,051
Net cash provided by operating activities
367,000	142,000	282,000	265,000	327,000	205,000	349,000	249,000	214,000	155,000	263,000	221,000	137,000	144,000	238,000	154,000	246,000	63,000	189,000	183,000	355,000	-101,211	180,569	210,705	104,937	56,710	-83,592	275,140	246,352	344,636	253,626	224,665	282,245	316,510	376,990	229,169	333,042	311,427	262,434	291,686	210,660
Cash flows from investing activities
Cash paid for additions to property, plant and equipment
377,000	326,000	238,000	238,000	155,000	329,000	172,000	144,000	131,000	287,000	156,000	115,000	127,000	210,000	145,000	122,000	159,000	243,000	199,000	193,000	166,000	245,282	213,811	189,017	150,890	252,427	247,089	207,963	176,318	264,620	229,686	258,600	242,611	369,999	250,904	192,959	157,897	253,084	168,188	171,328	146,622
Cash paid for licenses
26,000	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions and licenses
-	-	-	-	-	6,000	0	1,000	9,000	18,000	0	186,000	14,000	-	-	-	-	0	6,000	0	281,000	10,911	265,408	10,427	8,254	34,187	266,233	0	14,150	65,859	45,310	41,117	11,096	-	-	-	-	-	-	-	21,118
Cash received from investments
0	0	18,000	9,000	2,000	0	0	0	100,000	0	0	0	0	-	-	-	-	-	-	-	-	40,000	0	0	10,000	-	-	-	-	100,000	15,000	108,195	20,249	124,560	55,656	90,245	122,785	65,490	25,104	100	15,561
Cash paid for investments
1,000	0	0	10,000	1,000	17,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	0	35,000	10,000	-	-	-	-	60,000	48,750	335,000	50,000
Cash received from divestitures and exchanges
0	9,000	0	1,000	31,000	1,000	7,000	17,000	4,000	2,000	2,000	1,000	16,000	1,000	3,000	15,000	2,000	18,000	33,000	18,000	274,000	36,631	25,464	22,863	103,042	-	-	-	-	0	146	0	50,036	-	-	-	-	-	-	-	-
Advance payments for license acquisitions
0	-	-	-	135,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance Payment For License Acquisition
0	-	-	-	135,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of cash to Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-282,500	-	-	-	-
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-4,000	1,000	-3,000	-402	-1,878	-2,097	-1,623	2,266	267	-7,763	-6,364	-325	4,205	8,480	436	-2,555	2,887	-687	1,503	1,311	-202	-1,040	-439
Net cash used in investing activities
-404,000	-412,000	-221,000	-357,000	-259,000	-355,000	-164,000	-125,000	-36,000	-303,000	-254,000	-299,000	-125,000	-214,000	-142,000	-295,000	-157,000	-229,000	-168,000	-176,000	-170,000	-239,160	-451,877	-174,484	-44,479	72,940	-444,289	294,800	-184,104	-305,154	-264,055	-235,002	-193,858	-323,128	-311,152	87,306	-319,115	-302,332	-191,632	-512,334	-201,740
Cash flows from financing activities
Issuance of long-term debt
50,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	195,000	0	0	358	0	0	343,700	300,000	-	-	-	-
Repayment of long-term debt
2,000	102,000	5,000	6,000	5,000	5,000	5,000	5,000	5,000	8,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	-	-	-	-	181	230	197	392	385	591	277	328	-	1,483	459	493	706	546	612,985	402	218,067	902	583	697
TDS Common Shares reissued for benefit plans, net of tax payments
-1,000	-12,000	0	9,000	-3,000	15,000	20,000	-2,000	9,000	3,000	2,000	-2,000	1,000	-	-	-	-	-	-	-	-	-2,486	85	451	-50	2,117	6,761	636	140	-1,096	16	-6	-33	-1,370	347	468	587	-874	338	382	463
U.S. Cellular Common Shares reissued for benefit plans, net of tax payments
0	-17,000	0	9,000	-1,000	11,000	7,000	-2,000	2,000	-	-	-	3,000	2,000	1,000	2,000	1,000	-	-	-	-	-150	320	514	316	2,944	5,046	-2,329	123	94	166	-2,822	357	180	491	-41	1,305	-229	594	-342	486
Repurchase of TDS Common Shares
6,000	-	-	-	0	-	-	-	-	-	-	-	-	0	0	0	3,000	-	-	-	-	7,707	11,203	16,748	3,342	-	-	-	-	-	-	-	-	0	0	9,897	11,603	17,510	19,451	16,282	14,810
Repurchase of U.S. Cellular Common Shares
21,000	-	-	-	0	-	-	-	-	-	-	-	-	3,000	0	0	2,000	2,000	2,000	0	2,000	4,302	6,400	6,298	2,000	0	119	0	18,425	-	-	-	-	0	-14	44,951	17,357	12,307	19,097	16,237	5,186
Dividends paid to TDS shareholders
19,000	18,000	19,000	19,000	19,000	18,000	18,000	18,000	18,000	18,000	17,000	17,000	17,000	16,000	17,000	16,000	16,000	15,000	15,000	16,000	15,000	14,425	14,468	14,525	14,582	13,863	13,832	13,806	13,792	13,235	13,320	13,309	13,301	12,174	12,153	12,146	12,197	11,700	11,770	11,841	11,891
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	0	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	7	459	11,343	9,848	-	-	-	-
Distributions to noncontrolling interests
1,000	1,000	1,000	1,000	1,000	1,000	1,000	4,000	0	-	-	-	-	-	-	-	-	-	-	-	-	561	-43	136	346	319	155	896	2,396	19,365	848	425	218	14,560	299	691	686	13,802	1,514	2,030	2,284
Other financing activities
-3,000	5,000	5,000	3,000	0	8,000	2,000	1,000	-5,000	-	-	-	-	-1,000	2,000	6,000	3,000	7,000	3,000	4,000	-2,000	3,111	2,387	2,668	2,834	7,151	1,258	1,682	-1,351	-638	1,418	1,992	798	6,627	-4,734	1,109	968	9,725	-7,469	592	-527
Net cash used in financing activities
-3,000	-117,000	-41,000	-33,000	-29,000	10,000	5,000	-30,000	-17,000	-18,000	-16,000	-27,000	-16,000	-15,000	-10,000	-14,000	-20,000	281,000	212,000	-10,000	-22,000	239,318	-30,485	-34,271	-17,562	-10,725	-7,445	-90,225	-36,029	111,715	-14,051	-15,029	-12,532	-22,010	-50,010	-346,777	250,767	-60,897	-59,271	-46,341	-34,446
Net increase (decrease) in cash, cash equivalents and restricted cash
-40,000	-387,000	20,000	-125,000	39,000	-140,000	190,000	94,000	161,000	-166,000	-7,000	-105,000	-4,000	-	-	-155,000	69,000	115,000	233,000	-3,000	163,000	-101,053	-301,793	1,950	42,896	118,925	-535,326	479,715	26,219	151,197	-24,480	-25,366	75,855	-17,391	10,278	-35,989	264,694	-51,802	11,531	-266,989	-25,526