Telephone and Data Systems, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-6.2M | $-27.7M | $-500.0M | $62.0M | $156.0M | $226.0M | $121.0M | $135.0M |
| Depreciation & Amortization | $303.4M | $285.4M | $270.5M | $882.0M | $851.0M | $862.0M | $890.0M | $839.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $29.1M | $21.8M | $21.7M | $21.0M | $21.0M | $26.0M | $24.0M | $26.0M |
| Stock-Based Compensation | $27.2M | $18.3M | $19.6M | $42.0M | $49.0M | $53.0M | $59.0M | $54.0M |
| Net Cash from Operating Activities | $589.9M | $1.15B | $1.14B | $1.16B | $1.10B | $1.53B | $1.02B | $1.02B |
| Investing Activities | ||||||||
| Capital Expenditures | $390.5M | $365.4M | $643.1M | $1.16B | $1.13B | $1.34B | $957.0M | $776.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $2.14B | $-754.5M | $-1.33B | $-1.78B | $-2.46B | $-1.51B | $-1.25B | $-680.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $108.1M | $0 | $5.8M | $40.0M | $8.0M | $14.0M | $0 | $0 |
| Net Cash from Financing Activities | $-2.35B | $-277.5M | $56.0M | $613.0M | $321.0M | $957.0M | $-220.0M | $-32.0M |
| Net Change in Cash | $386.9M | $113.9M | $-130.0M | $-15.0M | $-1.04B | $978.0M | $-453.0M | $305.0M |
| Free Cash Flow | $199.4M | $780.4M | $498.1M | $-6.0M | $-28.0M | $194.0M | $59.0M | $241.0M |