TELEPHONE AND DATA SYSTEMS, INC. TDS Income Statement

Telephone and data systems, inc. (TDS)

Income statement / 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	Sep'09	Jun'09
Operating revenues
Total operating revenues
1,261	1,337	1,321	1,261	1,257	1,332	1,297	1,255	1,225	1,308	1,251	1,247	1,238	1,292	1,314	1,295	1,254	1,308	1,374	1,276	1,252	1,305	1,280	1,236	1,195	1,183	1,180	1,228	1,308	1,346	1,370	1,323	1,305	1,316	1,325	1,279	1,258	1,265	1,266	1,232	1,222	1,257	1,242
Operating expenses
Cost of goods and services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	527	509	562	525	476	486	539	487	453	444	477	431
Selling, general and administrative
411	460	439	421	397	461	421	417	395	439	423	420	407	462	440	429	431	458	450	435	438	465	465	470	463	513	476	470	486	517	506	502	507	538	492	479	491	513	502	501	481	506	471
Depreciation, amortization and accretion
235	234	237	234	227	222	220	220	221	213	209	211	211	214	214	210	212	215	211	211	207	201	205	204	224	266	255	254	242	221	196	198	197	191	190	193	190	186	189	190	189	190	183
Loss on impairment of goodwill
-	-	-	-	-	-	-	-	-	-	262	-	-	-	0	-	-	-	-	-	-	-	84	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on asset disposals, net
-4	-6	-6	-5	5	-5	0	-2	-2	-5	-6	-6	-4	-7	-8	-6	-6	-7	-5	-5	-5	-7	-9	-7	-2	-14	-2	-8	-5	-3	-11	-2	-2	-15	9	-3	-1	-2	-2	-1	-5	-3	-3
Gain (Loss) on Disposition of Business
0	-1	0	0	2	0	0	0	0	-	1	-	-	-	-	-	-	5	1	6	124	6	4	-2	6	3	1	303	-6	-25	-0	0	4	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Intangible Assets
0	0	-2	0	2	0	0	11	7	3	0	2	17	-	7	9	-	0	24	0	123	21	0	0	91	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
1,189	1,329	1,292	1,213	1,163	1,319	1,246	1,194	1,145	1,291	1,484	1,220	1,157	1,296	1,281	1,242	1,228	1,285	1,281	1,244	969	1,332	1,405	1,285	1,175	1,204	1,214	945	1,301	1,402	1,314	1,232	1,212	1,297	1,198	1,152	1,169	1,242	1,181	1,145	1,120	1,178	1,088
Operating income
72	8	29	48	94	13	51	61	80	17	-233	27	81	-4	33	53	26	23	93	32	283	-27	-125	-49	20	-20	-33	282	7	-56	55	91	93	19	126	127	88	23	84	86	101	79	153
Investment and other income (expense)
Equity in earnings of unconsolidated entities
45	39	44	41	44	40	42	40	38	37	35	33	32	31	38	36	35	30	40	35	35	23	36	34	37	32	37	35	27	19	25	25	23	18	22	22	19	23	24	25	24	23	18
Interest and dividend income
6	4	7	9	9	9	6	6	5	3	4	4	4	3	2	3	3	-23	10	10	8	-1	4	2	2	2	2	2	1	2	2	2	2	2	2	2	2	2	2	2	2	3	2
Gain (loss) on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	-3	-	-	12	13	-	-	-	-	-	-	-
Interest expense
37	37	42	43	43	43	43	43	43	42	43	43	42	44	42	43	41	39	35	34	34	27	27	27	28	25	24	23	24	18	20	23	24	24	22	45	26	30	28	29	28	30	32
Other, net
-	-	0	0	-	-2	2	1	1	0	1	1	2	-	-1	1	-	-	-	1	-	-	0	0	0	0	0	-0	-0	0	0	-0	0	2	0	1	0	0	-0	-1	-0	1	-0
Total investment and other income
14	6	9	7	10	4	7	4	1	-2	-3	-5	-4	-7	-3	-3	-3	-32	15	12	9	-5	13	9	11	9	15	28	4	3	7	0	1	-3	14	-6	-4	-4	-1	-2	-1	-3	-11
Income before income taxes
86	14	38	55	104	17	58	65	81	15	-236	22	77	-11	30	50	23	-9	108	44	292	-32	-111	-39	31	-11	-17	311	11	-53	62	91	94	16	141	121	84	18	82	83	100	76	142
Income Tax Expense (Benefit)
3	-1	15	16	34	-4	5	21	24	-318	-5	10	34	-5	14	18	13	-8	46	18	116	-12	9	-13	11	-4	-6	132	4	-12	22	35	27	18	53	11	30	-3	29	31	37	28	55
Net income
83	15	23	39	70	21	53	44	57	333	-231	12	43	-6	16	32	10	-1	62	26	176	-20	-121	-25	20	-7	-11	178	6	-41	40	55	67	-2	88	109	54	22	53	52	62	48	86
Less: Net income attributable to noncontrolling interests, net of tax
14	4	5	6	11	4	7	11	18	46	-50	2	6	0	3	4	2	0	11	3	30	-4	-5	-3	2	-1	-1	22	5	0	11	13	15	4	16	17	10	7	12	12	13	11	20
Net Income (Loss) Attributable to Parent
69	11	18	33	59	17	46	33	39	287	-181	10	37	-6	13	28	8	-1	51	23	146	-16	-116	-22	18	-6	-9	156	1	-41	29	42	52	-6	71	91	43	14	41	40	48	36	66
TDS Preferred dividend requirement
-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net income available to TDS common shareholders
-	-	-	-	-	-	-	-	-	-	-181	10	37	-6	13	28	8	-1	51	23	146	-16	-116	-22	18	-6	-9	156	1	-41	29	42	52	-6	71	91	43	14	41	40	48	36	66
Basic weighted average shares outstanding (in shares)
115	113	115	114	114	113	112	112	111	112	111	111	110	112	110	109	109	111	109	108	108	106	108	108	108	108	108	108	108	108	108	108	108	108	108	108	108	123	104	105	105	108	110
Basic earnings per share attributable to TDS shareholders (in dollars per share)
0.60	0.10	0.15	0.29	0.52	0.14	0.41	0.30	0.35	2.60	-1.64	0.09	0.34	-0.05	0.12	0.25	0.07	-0.01	0.47	0.21	1.35	-0.16	-1.07	-0.20	0.17	-0.05	-0.09	1.44	0.01	-0.39	0.27	0.39	0.48	-0.06	0.66	0.85	0.40	0.09	0.39	0.38	0.46	0.34	0.60
Diluted weighted average shares outstanding (in shares)
116	116	116	116	116	116	114	113	113	113	111	112	112	112	111	111	110	111	110	110	109	105	108	108	109	110	108	108	108	108	109	109	109	108	108	109	109	124	105	105	106	108	110
Diluted earnings per share attributable to TDS shareholders (in dollars per share)
0.59	0.10	0.15	0.28	0.50	0.13	0.41	0.29	0.34	2.59	-1.64	0.09	0.33	-0.04	0.11	0.25	0.07	-0.02	0.46	0.21	1.33	-0.15	-1.07	-0.20	0.16	-0.05	-0.09	1.42	0.01	-0.38	0.26	0.39	0.48	-0.05	0.65	0.84	0.39	0.09	0.39	0.38	0.45	0.34	0.60
Dividends per share to TDS shareholders (USD per share)
-	-	-	-	-	-	-	-	-	-	0.15	0.15	0.15	-	0.14	0.14	0.14	0.13	0.14	0.14	0.14	0.13	0.13	0.13	0.13	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.12	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.10	0.10
Service
Total operating revenues
1,026	1,021	1,030	1,013	995	1,011	1,017	993	978	1,002	988	992	997	994	1,026	1,019	1,011	1,074	1,138	1,071	1,073	1,104	1,081	1,072	1,080	1,049	1,079	1,115	1,198	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
293	301	313	304	284	304	314	300	288	290	294	298	282	299	305	297	288	293	303	301	294	304	297	286	275	275	267	275	299	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment and product sales
Total operating revenues
235	316	291	248	262	321	280	262	247	306	263	255	241	298	288	276	243	234	236	205	179	201	198	164	115	133	101	112	109	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
246	327	295	249	264	327	291	266	246	347	291	287	270	319	321	309	291	317	337	298	272	378	349	313	306	392	213	239	260	-	-	-	-	-	-	-	-	-	-	-	-	-	-