TELEPHONE AND DATA SYSTEMS, INC. TDS Income Statement

Telephone and data systems, inc. (TDS)

Income statement / TTM

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
5,180	5,176	5,171	5,147	5,141	5,109	5,085	5,039	5,031	5,044	5,028	5,091	5,139	5,155	5,171	5,231	5,212	5,210	5,207	5,113	5,074	5,018	4,895	4,796	4,788	4,901	5,063	5,253	5,348	5,345	5,315	5,271	5,227	5,180	5,129	5,070	5,023	4,986	4,978	4,954	0	0	0
Operating expenses
Cost of goods and services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,199	2,124	2,073	2,050	2,027	1,990	1,967	1,924	1,862	1,805	0	0	0
Selling, general and administrative
1,731	1,717	1,718	1,700	1,696	1,694	1,672	1,674	1,677	1,689	1,712	1,729	1,738	1,762	1,758	1,768	1,774	1,781	1,788	1,803	1,839	1,865	1,912	1,924	1,924	1,947	1,952	1,981	2,013	2,033	2,054	2,041	2,018	2,002	1,977	1,987	2,008	1,998	1,991	1,960	0	0	0
Depreciation, amortization and accretion
940	932	920	903	889	883	874	863	854	844	845	850	849	850	851	848	849	844	830	825	819	837	901	951	1,000	1,018	973	913	858	813	784	777	772	765	760	759	757	755	759	753	0	0	0
Loss on impairment of goodwill
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on asset disposals, net
-21	-12	-11	-5	-2	-9	-9	-15	-19	-21	-23	-25	-25	-27	-27	-24	-23	-22	-22	-26	-29	-27	-34	-27	-27	-30	-19	-28	-23	-19	-32	-11	-11	-10	2	-9	-7	-11	-12	-12	0	0	0
Gain (Loss) on Disposition of Business
-1	1	2	2	2	0	1	0	0	-	0	-	-	-	-	-	-	136	137	141	133	16	12	8	314	300	272	270	-32	-21	0	0	0	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Intangible Assets
-2	0	0	2	13	18	21	21	12	22	0	35	0	-	0	0	-	147	168	144	144	113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
5,023	4,997	4,987	4,941	4,922	4,904	4,876	5,114	5,140	5,152	5,157	4,954	4,976	5,047	5,036	5,036	5,038	4,779	4,826	4,951	4,992	5,199	5,070	4,879	4,539	4,665	4,863	4,964	5,250	5,161	5,056	4,940	4,860	4,817	4,763	4,746	4,740	4,690	4,626	4,533	0	0	0
Operating income
157	179	184	206	219	205	209	-75	-109	-108	-129	137	163	108	135	195	174	431	380	162	81	-181	-174	-82	248	235	199	288	97	183	259	330	367	362	366	323	282	296	352	421	0	0	0
Investment and other income (expense)
Equity in earnings of unconsolidated entities
169	168	169	167	166	160	157	150	143	137	131	134	137	140	139	141	140	140	133	129	129	132	140	142	142	132	119	106	96	92	92	89	86	82	87	89	92	98	98	92	0	0	0
Interest and dividend income
26	29	34	33	30	26	20	18	16	15	15	13	12	11	-15	-7	0	5	26	20	13	8	12	10	10	9	9	8	8	9	9	8	8	9	9	10	10	10	11	11	0	0	0
Gain (loss) on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-
Interest expense
159	165	171	172	172	172	171	171	171	170	172	171	171	170	165	158	149	142	130	122	116	111	109	107	103	98	91	87	86	86	92	93	116	118	124	130	114	116	117	121	0	0	0
Other, net
-	-	-2	0	-	2	4	3	3	4	0	3	0	-	0	0	-	-	-	0	-	-	0	0	0	-0	0	0	0	0	2	2	3	3	1	1	-1	-2	-1	-1	0	0	0
Total investment and other income
36	32	30	28	25	16	10	0	-9	-14	-19	-19	-17	-16	-41	-23	-8	4	30	29	26	29	43	45	64	57	51	43	15	12	5	13	6	1	0	-16	-12	-10	-9	-18	0	0	0
Income before income taxes
193	211	214	234	244	221	219	-75	-118	-122	-148	118	146	92	94	172	166	435	411	191	108	-152	-130	-36	313	292	251	331	112	196	265	344	374	363	366	307	270	285	343	402	0	0	0
Income Tax Expense (Benefit)
33	64	61	51	56	46	-268	-278	-289	-279	34	53	61	40	37	69	69	172	167	131	99	-5	3	-12	133	126	118	147	50	73	103	134	110	113	91	67	87	95	127	152	0	0	0
Net income
160	147	153	183	188	175	487	203	171	157	-182	65	85	52	57	103	97	263	243	60	8	-147	-134	-23	180	166	133	184	62	122	161	209	263	250	274	239	182	190	216	249	0	0	0
Less: Net income attributable to noncontrolling interests, net of tax
29	26	26	28	33	40	82	25	16	4	-42	11	13	9	9	17	16	44	39	23	16	-11	-8	-4	21	24	27	39	31	40	44	50	54	49	53	48	42	45	49	57	0	0	0
Net Income (Loss) Attributable to Parent
131	121	127	155	155	135	405	178	155	153	-140	54	72	43	48	86	81	219	203	36	-8	-136	-125	-19	158	141	106	144	31	81	117	159	209	200	221	191	139	144	166	191	0	0	0
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
-	-	-	-	-	-	-	-	-	-	-140	54	72	43	48	86	81	219	203	36	-8	-136	-125	-19	158	141	106	144	30	81	117	159	209	200	221	191	139	144	166	191	0	0	0
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
4,090	4,059	4,049	4,036	4,016	3,999	3,990	3,961	3,960	3,979	3,971	4,009	4,036	4,050	4,130	4,242	4,294	4,356	4,386	4,329	4,330	4,338	4,283	4,281	4,324	4,443	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
1,211	1,202	1,205	1,206	1,202	1,206	1,192	1,172	1,170	1,164	1,173	1,184	1,183	1,189	1,183	1,181	1,185	1,191	1,202	1,196	1,182	1,164	1,135	1,105	1,095	1,118	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment and product sales
Total operating revenues
1,090	1,117	1,122	1,111	1,125	1,110	1,095	1,078	1,071	1,065	1,057	1,082	1,103	1,105	1,041	989	918	854	821	784	743	680	612	515	463	457	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of goods and services
1,117	1,135	1,135	1,131	1,148	1,130	1,150	1,150	1,171	1,195	1,167	1,197	1,219	1,240	1,238	1,254	1,243	1,224	1,285	1,297	1,312	1,347	1,361	1,226	1,153	1,107	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-