Telephone & Data Systems (TDS) FY2024 results: revenue $1.3 billion, down 4.3% on the year
Telephone & Data Systems Inc. (TDS) reported revenue of $1.3 billion for fiscal 2024, the year ended 31 December 2024, down 4.3% on the year before. Net income was -$28 million, and diluted earnings per share $-0.85. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2025.
Revenue
$1.3 billion
-4.3% on the year
FY2017FY2024
Operating margin
-14.7%
-50.4% a year earlier
FY2017FY2024
Net income
-$28 million
FY2017FY2024
Diluted EPS
-$0.85
FY2017FY2024
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
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,145
1,142
1,155
+0.3%
Capital expenditure
365
643
1,161
-43.2%
Free cash flow
780
499
-6.0
+56.2%
Free cash flow margin
60.1%
36.8%
-0.1%
Cash from investing
-754
-1,327
-1,783
Cash from financing
-277
56.0
613
Depreciation and amortisation
285
270
882
+5.5%
Share-based compensation
18.3
19.6
42.0
-6.4%
Buybacks
0.0
5.8
40.0
Dividends paid
104
153
151
-31.6%
Dividend per share
$0.31
$0.74
$0.72
-58.1%
Diluted shares, weighted
114m
113m
114m
+0.9%
Shares outstanding at period end
114m
113m
112m
+0.9%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,091
5,202
5,849
-2.1%
Non-controlling interest
777
794
754
-2.1%
Redeemable equity
6.0
6.0
6.0
0.0%
Debt
2,447
4,080
3,750
-40.0%
Operating lease liabilities
541
890
908
-39.2%
Other liabilities
4,820
n/a
3,283
Total liabilities and equity
13,682
8,135
14,550
+68.2%
Fixed assets
2,876
5,062
4,760
-43.2%
Goodwill
n/a
0.0
547
Intangible assets
161
183
204
-12.0%
Cash and equivalents
364
236
360
+54.2%
Receivables
57.1
992
1,069
-94.2%
Inventory
4.1
208
268
-98.1%
Other assets
10,220
1,454
7,342
+602.8%
Total assets
13,682
8,135
14,550
+68.2%
10-K for the year ended 31 December 2024, filed 21 February 2025: the filing.