TDS Reports Q3 2024 Financials

Ticker: TDS-PV · Form: 10-Q · Filed: Nov 1, 2024 · CIK: 1051512

Telephone & Data Systems Inc /De/ 10-Q Filing Summary
FieldDetail
CompanyTelephone & Data Systems Inc /De/ (TDS-PV)
Form Type10-Q
Filed DateNov 1, 2024
Risk Levelmedium
Pages15
Reading Time18 min
Key Dollar Amounts$4,400 m, $2,000 million, $1,000 million, $586 million, $11 million
Sentimentneutral

Sentiment: neutral

Topics: financials, 10-Q, quarterly-report

TL;DR

TDS Q3 2024 10-Q is in. Check financials.

AI Summary

Telephone & Data Systems Inc. (TDS) filed its 10-Q for the period ending September 30, 2024. The filing details financial performance and operational updates for the third quarter. Key figures include revenue and net income, with specific segment performance also reported.

Why It Matters

This filing provides investors with the latest financial health and operational performance of Telephone & Data Systems Inc., crucial for investment decisions.

Risk Assessment

Risk Level: medium — 10-Q filings are standard financial reports, but the specific details within can reveal risks or opportunities.

Key Numbers

  • 1,242 — Total Assets (As of September 30, 2024)
  • 1,125 — Total Liabilities (As of September 30, 2024)
  • 414 — Common Stock (As of September 30, 2024)

Key Players & Entities

  • TELEPHONE & DATA SYSTEMS INC /DE/ (company) — Filer
  • 2024-09-30 (date) — Period of Report
  • 2024-11-01 (date) — Filing Date
  • 30 NORTH LASALLE STREET STE 4000 CHICAGO IL 60602 (address) — Business Address

FAQ

What were the total revenues for the nine months ended September 30, 2024?

The filing indicates revenues for the nine months ended September 30, 2024, are presented in the financial statements, though a specific total dollar amount is not directly extracted here.

How did the company's net income per share change in Q3 2024 compared to Q3 2023?

The filing shows net income per share for Q3 2024 was $0.185, compared to $0.27 for Q3 2023.

What is the total number of shares of common stock outstanding as of September 30, 2024?

The filing indicates 414 shares of common stock outstanding as of September 30, 2024.

What were the service revenues for the nine months ended September 30, 2024?

Service revenues for the nine months ended September 30, 2024, are presented in the financial statements, with a specific total dollar amount not directly extracted here.

What is the company's fiscal year end?

The company's fiscal year ends on December 31.

Filing Stats: 4,571 words · 18 min read · ~15 pages · Grade level 16.2 · Accepted 2024-11-01 07:53:04

Key Financial Figures

  • $4,400 m — n the Securities Purchase Agreement, of $4,400 million, which is payable in a combinatio
  • $2,000 million — d the assumption of up to approximately $2,000 million in debt. The Securities Purchase Agreem
  • $1,000 million — transaction close for total proceeds of $1,000 million. As of September 30, 2024, UScellular's
  • $586 million — reless spectrum licenses to be sold was $586 million. The transaction is subject to regulato
  • $11 million — ns and strategic alternatives review of $11 million and $43 million for the three and nine
  • $43 million — alternatives review of $11 million and $43 million for the three and nine months ended Sep
  • $4 million — d September 30, 2024, respectively, and $4 million for both the three and nine months ende
  • $83 million — ibutable to TDS common shareholders was $83 million and $86 million for the three and nine
  • $86 million — common shareholders was $83 million and $86 million for the three and nine months ended Sep
  • $136 million — less spectrum licenses in the amount of $136 million ($102 million, net of tax impacts), whi
  • $102 m — licenses in the amount of $136 million ($102 million, net of tax impacts), which was r
  • $16 million — tnership) contributed pre-tax income of $16 million and $14 million for the three months en
  • $14 million — buted pre-tax income of $16 million and $14 million for the three months ended September 30
  • $48 million — ber 30, 2024 and 2023, respectively and $48 million and $52 million for the nine months end
  • $52 million — 2023, respectively and $48 million and $52 million for the nine months ended September 30,

Filing Documents

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 39

Financial Statements (Unaudited)

Financial Statements (Unaudited) 40 Consolidated Statement of Operations 40 Consolidated Statement of Cash Flows 41 Consolidated Balance Sheet 42 Consolidated Statement of Changes in Equity 44

Notes to Consolidated Financial Statements

Notes to Consolidated Financial Statements 48

Controls and Procedures

Controls and Procedures 66

Legal Proceedings

Legal Proceedings 66 Unregistered Sales of Equity Securities and Use of Proceeds 66 Other Information 67 Exhibits 68 Form 10-Q Cross Reference Index 69

Signatures

Signatures 70 Table of Contents Telephone and Data Systems, Inc.

Management's Discussion and Analysis of

Management's Discussion and Analysis of Financial Condition and Results of Operations Executive Overview The following discussion and analysis compares Telephone and Data Systems, Inc.'s (TDS) financial results for the three and nine months ended September 30, 2024, to the three and nine months ended September 30, 2023. It should be read in conjunction with TDS' interim consolidated financial statements and notes included herein, and with the description of TDS' business, its audited consolidated financial statements and Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A) included in TDS' Annual Report on Form 10-K (Form 10-K) for the year ended December 31, 2023. Certain numbers included herein are rounded to millions for ease of presentation; however, certain calculated amounts and percentages are determined using the unrounded numbers. This report contains statements that are not based on historical facts, which may be identified by words such as "believes," "anticipates," "estimates," "expects," "plans," "intends," "projects," "will" and similar expressions. These statements constitute and represent "forward looking statements" as this term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, events or developments to be significantly different from any future results, events or developments expressed or implied by such forward looking statements. See the disclosure under the heading Private Securities Litigation Reform Act of 1995 Safe Harbor Cautionary Statement elsewhere in this report for additional information. The accounting policies of TDS conform to accounting principles generally accepted in the United States of America (GAAP). However, TDS uses certain "non-GAAP financial measures" in the MD&A and the business segment information. A discussion of the reasons TDS det

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