Telephone & Data Systems (TDS) FY2022 results: revenue $5.4 billion, up 1.6% on the year
Telephone & Data Systems Inc. (TDS) reported revenue of $5.4 billion for fiscal 2022, the year ended 31 December 2022, up 1.6% on the year before. Net income was $62 million, down 60.3%, and diluted earnings per share $-0.07. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2023.
Revenue
$5.4 billion
+1.6% on the year
FY2015FY2022
Operating margin
2.3%
4.9% a year earlier
FY2015FY2022
Net income
$62 million
-60.3% on the year
FY2015FY2022
Diluted EPS
-$0.07
FY2015FY2022
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,155
1,103
1,532
+4.7%
Capital expenditure
1,161
1,131
1,338
+2.7%
Free cash flow
-6.0
-28.0
194
Free cash flow margin
-0.1%
-0.5%
3.7%
Cash from investing
-1,783
-2,462
-1,511
Cash from financing
613
321
957
+91.0%
Depreciation and amortisation
882
851
862
+3.6%
Share-based compensation
42.0
49.0
53.0
-14.3%
Buybacks
40.0
8.0
14.0
+400.0%
Dividends paid
151
119
78.0
+26.9%
Dividend per share
$0.72
$0.70
$0.68
+2.9%
Diluted shares, weighted
114m
116m
115m
-1.7%
Shares outstanding at period end
112m
115m
114m
-2.6%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
5,849
5,927
4,804
-1.3%
Non-controlling interest
754
807
789
-6.6%
Redeemable equity
6.0
6.0
6.0
0.0%
Debt
3,750
2,928
3,424
+28.1%
Operating lease liabilities
908
960
940
-5.4%
Other liabilities
3,283
2,865
2,562
+14.6%
Total liabilities and equity
14,550
13,493
12,525
+7.8%
Fixed assets
4,760
4,361
3,972
+9.1%
Goodwill
547
547
547
0.0%
Intangible assets
204
197
213
+3.6%
Investments
n/a
0.0
3.0
Cash and equivalents
360
367
1,429
-1.9%
Receivables
1,069
1,058
1,004
+1.0%
Inventory
268
178
154
+50.6%
Other assets
7,342
6,785
5,203
+8.2%
Total assets
14,550
13,493
12,525
+7.8%
10-K for the year ended 31 December 2022, filed 16 February 2023: the filing.