Telephone and Data Systems, Inc. is a telecommunications service company providing wireless, local- and long-distance telephone, broadband and video services. TDS Telecom’s businesses – wireline, cable, and hosted and managed services – provide compelling services and new solutions to its residential and commercial customers. The Company leverages its telecommunications and network management expertise across all businesses. Its hosted and managed services brand, OneNeck IT Solutions, offers a full suite of IT solutions from equipment resale to full management and hosting of a customer’s IT infrastructure and applications.

TDS connects homes and businesses in communities nationwide to high-speed broadband, and cable and IPTV phone and TV entertainment services through TDS Telecom, BendBroadband, and Zolo Media. It also provides security and connectivity to businesses through its hosted and managed services offerings and network of data centers operated by OneNeck IT Solutions.

Telephone and Data Systems was founded in 1969 and is headquartered in Chicago, US

Telephone and Data Systems has offices in Chicago and Middleton

Chicago, US (HQ)

4000 30 N LaSalle St

Middleton, US

8401 Greenway Blvd

Telephone and Data Systems's revenue was reported to be $1.2 b in Q1, 2017

USD

## Revenue (Q1, 2017) | 1.2 b |

## Gross profit (Q1, 2017) | 956 m |

## Gross profit margin (Q1, 2017), % | 77% |

## Net income (Q1, 2017) | 43 m |

## EBIT (Q1, 2017) | 82 m |

## Market capitalization (17-Aug-2017) | 3.2 b |

## Cash (31-Mar-2017) | 896 m |

Telephone and Data Systems's current market capitalization is $3.2 b.

- Source: SEC Filings

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Revenue | 5 b | 5.2 b | 5.1 b |

## Revenue growth, % | 2% | 3% | (1%) |

## Cost of goods sold | 1.2 b | ||

## Gross profit | 3.9 b | ||

## Gross profit Margin, % | 77% | ||

## General and administrative expense | 1.2 b | 1.8 b | 1.8 b |

## Operating expense total | 5.2 b | 4.8 b | 5 b |

## EBIT | (190 m) | 397.1 m | 60 m |

## EBIT margin, % | (4%) | 8% | 1% |

## Interest expense | 111 m | 141.7 m | 170 m |

## Interest income | 17 m | 38.8 m | 62 m |

## Pre tax profit | (152 m) | 434.6 m | 92 m |

## Income tax expense | (5 m) | 172 m | 40 m |

## Net Income | (147.3 m) | 262.6 m | 52 m |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 1.3 b | 1.4 b | 1.2 b | 1.3 b | 1.3 b | 1.2 b | |||

## Cost of goods sold | 300.2 m | 303.1 m | 288 m | 297 m | 305 m | 282 m | |||

## Gross profit | 976.2 m | 1.1 b | 955 m | 986 m | 996 m | 956 m | |||

## Gross profit Margin, % | 76% | 78% | 77% | 77% | 77% | 77% | |||

## General and administrative expense | 435.4 m | 449.1 m | 431 m | 429 m | 440 m | 406 m | |||

## Operating expense total | 435.4 m | 449.1 m | 431 m | 429 m | 440 m | 406 m | |||

## EBIT | 32.1 m | 93.4 m | 15 m | 41 m | 20 m | 82 m | |||

## EBIT margin, % | 3% | 7% | 1% | 3% | 2% | 7% | |||

## Interest expense | (33.9 m) | (35 m) | (41 m) | (43 m) | (42 m) | (42 m) | |||

## Pre tax profit | 43.9 m | 107.7 m | 23 m | 50 m | 30 m | 77 m | |||

## Income tax expense | 17.4 m | 45.3 m | 13 m | 18 m | 14 m | 34 m | |||

## Net Income | (5.4 m) | (126.6 m) | 175.8 m | 202.3 m | 264.7 m | 10 m | 42 m | 58 m | 43 m |

- Source: SEC Filings

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 830 m | 471.9 m | 984.6 m | 900 m |

## Accounts Receivable | 221.5 m | |||

## Inventories | 151 m | |||

## Current Assets | 2.1 b | 1.8 b | 2.2 b | 2.1 b |

## PP&E | 3.9 b | 3.8 b | 3.8 b | 3.6 b |

## Goodwill | 836.8 m | 771.4 m | 765.8 m | 766 m |

## Total Assets | 8.9 b | 8.9 b | 9.4 b | 9.4 b |

## Accounts Payable | 496.1 m | 387.1 m | 348.7 m | 365 m |

## Total Debt | 1.7 b | 2 b | 14.3 m | 12 m |

## Current Liabilities | 1.2 b | 1.1 b | 944.4 m | 887 m |

## Additional Paid-in Capital | 2.3 b | 2.3 b | 2.4 b | 2.4 b |

## Retained Earnings | 2.5 b | 2.3 b | 2.5 b | 2.5 b |

## Total Equity | 4.7 b | 4.5 b | 4.7 b | 4.8 b |

## Debt to Equity Ratio | 0.4 x | 0.4 x | 0 x | 0 x |

## Debt to Assets Ratio | 0.2 x | 0.2 x | 0 x | 0 x |

## Financial Leverage | 1.9 x | 2 x | 2 x | 2 x |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 874.9 m | 573.1 m | 635.1 m | 631.5 m | 865.4 m | 1.1 b | 899 m | 985 m | 896 m |

## Inventories | 205.9 m | 193.7 m | 178.3 m | 146.7 m | 183.9 m | 160 m | 184 m | 148 m | 151 m |

## Current Assets | 2 b | 1.7 b | 1.7 b | 1.7 b | 2.1 b | 2.2 b | 2.1 b | 2.1 b | 2 b |

## PP&E | 3.7 b | 3.8 b | 3.7 b | 3.7 b | 3.7 b | 3.7 b | 3.6 b | 3.5 b | 3.4 b |

## Goodwill | 834.4 m | 783.3 m | 771.7 m | 771.1 m | 765.8 m | 766 m | 766 m | 766 m | 770 m |

## Total Assets | 8.7 b | 8.6 b | 9 b | 9 b | 9.3 b | 9.4 b | 9.4 b | 9.4 b | 9.3 b |

## Accounts Payable | 425.1 m | 469.2 m | 312.1 m | 345.7 m | 433.6 m | 355 m | 362 m | 366 m | 260 m |

## Current Liabilities | 1.1 b | 1.2 b | 1.1 b | 1 b | 1.1 b | 890 m | 898 m | 887 m | 738 m |

## Additional Paid-in Capital | 2.3 b | 2.3 b | 2.3 b | 2.3 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b | 2.4 b |

## Retained Earnings | 2.5 b | 2.4 b | 2.5 b | 2.5 b | 2.5 b | 2.5 b | 2.5 b | 2.5 b | 2.5 b |

## Total Equity | 4.6 b | 4.5 b | 4.6 b | 4.6 b | 4.7 b | 4.7 b | 4.7 b | 4.8 b | 4.8 b |

## Financial Leverage | 1.9 x | 1.9 x | 1.9 x | 1.9 x | 2 x | 2 x | 2 x | 2 x | 2 x |

USD | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|

## Net Income | (147.3 m) | 262.6 m | 52 m |

## Depreciation and Amortization | 850 m | ||

## Accounts Receivable | (23 m) | ||

## Inventories | 4 m | ||

## Accounts Payable | 36 m | ||

## Cash From Operating Activities | 395 m | 789.7 m | 782 m |

## Purchases of PP&E | (799 m) | (801 m) | (636 m) |

## Cash From Investing Activities | (910 m) | (737.7 m) | (808 m) |

## Long-term Borrowings | (12 m) | ||

## Cash From Financing Activities | 157 m | 460.7 m | (59 m) |

USD | Q2, 2014^{} | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | (5.4 m) | (126.6 m) | 175.8 m | 202.3 m | 264.7 m | 10 m | 42 m | 58 m | 43 m |

## Depreciation and Amortization | 429.5 m | 635 m | 206.6 m | 417.7 m | 628.4 m | 212 m | 422 m | 636 m | 211 m |

## Accounts Receivable | 40.5 m | (7.9 m) | 21.2 m | (17.9 m) | (93.5 m) | 20 m | (6 m) | (9 m) | 28 m |

## Inventories | 38.7 m | 52.1 m | 95.4 m | 127 m | 89.8 m | (1 m) | (26 m) | 3 m | (1 m) |

## Accounts Payable | (43.1 m) | 11 m | (13.6 m) | 29.6 m | 125.1 m | 39 m | 32 m | 47 m | (75 m) |

## Cash From Operating Activities | 246 m | 400 m | 638 m | 137 m | |||||

## Cash From Investing Activities | (157 m) | (452 m) | (594 m) | (125 m) | |||||

## Long-term Borrowings | (589 k) | (819 k) | (247 k) | (434 k) | (615 k) | (3 m) | (6 m) | (9 m) | (3 m) |

## Cash From Financing Activities | (20 m) | (34 m) | (44 m) | (16 m) |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 120.2 k |

## Financial Leverage | 2 x |

Telephone and Data Systems's Connections, wireless was reported to be 5 m in Q2, 2017

June 21, 2016

* On June 15, entered into a $400 million credit agreement -
SEC filing
Source text - http://1.usa.gov/28N7J1t
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