Telephone and Data Systems, Inc. Cash Flow Statement

TDS / Communication Services|15 years of annual SEC 10-K data (FY2011-FY2025)

Covers operating cash flow, capital expenditures, free cash flow, share buybacks, and dividends paid across 15 fiscal years. All figures from audited SEC 10-K filings.

Telephone and Data Systems, Inc. generated $590M in operating cash flow and $199M in free cash flow in FY2025. Free cash flow margin was 16.2% of revenue.

Based on SEC 10-K filings.

Key Data Points

Altman Z-Score 0.88 (distress zone, below 1.8 threshold)
High earnings quality (cash-backed earnings)

Data sourced from SEC EDGAR filings. Not investment advice.

Item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011
Net Income	-$6.2M	-$27.7M	-$500.0M	$62.0M	$156.0M	$226.0M	$121.0M	$135.0M	$153.0M	$43.0M	$219.0M	-$136.0M	$141.9M	$81.9M	$200.6M
Depreciation & Amortization	$303.4M	$285.4M	$270.5M	$882.0M	$851.0M	$862.0M	$890.0M	$839.0M	$817.0M	$820.0M	$811.0M	$798.0M	$984.4M	-	-
Operating Cash Flow	$589.9M	$1.1B	$1.1B	$1.2B	$1.1B	$1.5B	$1.0B	$1.0B	$776.0M	$782.0M	$790.0M	$395.0M	$494.6M	$1.1B	$1.3B
Capital Expenditures	$390.5M	$365.4M	$643.1M	$1.2B	$1.1B	$1.3B	$957.0M	$776.0M	$685.0M	$636.0M	$801.0M	$799.0M	$883.8M	$995.5M	$971.8M
Free Cash Flow	$199.4M	$780.4M	$498.1M	-$6.0M	-$28.0M	$194.0M	$59.0M	$241.0M	$91.0M	$146.0M	-$11.0M	-$404.0M	-$389.2M	$109.7M	$284.0M
Share Buybacks	$108.1M	$0	$5.8M	$40.0M	$8.0M	$14.0M	$0	$0	$0	$3.0M	$0	$39.0M	$9.7M	$20.0M	$21.5M
Dividends Paid	-	-	-	-	-	-	-	-	-	-	-	-	$55.2M	$53.1M	$48.6M
FCF Margin	16.2%	60.2%	36.8%	-0.1%	-0.5%	3.7%	1.1%	4.7%	1.8%	2.8%	-0.2%	-8.1%	-7.9%	2.1%	5.5%

Other Financial Statements

Income Statement Balance Sheet All Financial Data

Scores & Analysis

Piotroski F-Score Altman Z-Score Financial Ratios

Telephone and Data Systems, Inc. Profile All Financial Data

Item

FY2025

FY2024

FY2023

FY2022

FY2021

FY2020

FY2019

FY2018

FY2017

FY2016

FY2015

FY2014

FY2013

FY2012

FY2011

Net Income

-$6.2M

-$27.7M

-$500.0M

$62.0M

$156.0M

$226.0M

$121.0M

$135.0M

$153.0M

$43.0M

$219.0M

-$136.0M

$141.9M

$81.9M

$200.6M

Depreciation & Amortization

$303.4M

$285.4M

$270.5M

$882.0M

$851.0M

$862.0M

$890.0M

$839.0M

$817.0M

$820.0M

$811.0M

$798.0M

$984.4M

Operating Cash Flow

$589.9M

$1.1B

$1.2B

$1.1B

$1.5B

$1.0B

$776.0M

$782.0M

$790.0M

$395.0M

$494.6M

$1.1B

$1.3B

Capital Expenditures

$390.5M

$365.4M

$643.1M

$1.2B

$1.1B

$1.3B

$957.0M

$776.0M

$685.0M

$636.0M

$801.0M

$799.0M

$883.8M

$995.5M

$971.8M

Free Cash Flow

$199.4M

$780.4M

$498.1M

-$6.0M

-$28.0M

$194.0M

$59.0M

$241.0M

$91.0M

$146.0M

-$11.0M

-$404.0M

-$389.2M

$109.7M

$284.0M

Share Buybacks

$108.1M

$5.8M

$40.0M

$8.0M

$14.0M

$3.0M

$39.0M

$9.7M

$20.0M

$21.5M

Dividends Paid

$55.2M

$53.1M

$48.6M

FCF Margin

16.2%

60.2%

36.8%

-0.1%

-0.5%

3.7%

1.1%

4.7%

1.8%

2.8%

-0.2%

-8.1%

-7.9%

2.1%

5.5%