TELEPHONE & DATA SYSTEMS INC /DE/ Earnings Per Share Disclosure
| Year Ended December 31, | 2025 | 2024 | 2023 | ||||||||||||||
| (Dollars and shares in thousands, except per share amounts) | |||||||||||||||||
| Net income (loss) from continuing operations attributable to TDS common shareholders | $ | 48,179 | $ | (141,396) | $ | (619,634) | |||||||||||
| Net income (loss) from discontinued operations attributable to TDS common shareholders | (123,640) | 44,466 | 50,400 | ||||||||||||||
| Net income (loss) attributable to TDS common shareholders used in basic earnings (loss) per share | $ | (75,461) | $ | (96,930) | $ | (569,234) | |||||||||||
| Adjustments to compute diluted earnings (loss): | |||||||||||||||||
| Noncontrolling interest adjustment | (2,193) | — | (104) | ||||||||||||||
| Net income (loss) attributable to TDS common shareholders used in diluted earnings (loss) per share | $ | (77,654) | $ | (96,930) | $ | (569,338) | |||||||||||
| Weighted average number of shares used in basic and diluted earnings (loss) per share: | |||||||||||||||||
| Common Shares | 107,642 | 106,180 | 105,290 | ||||||||||||||
| Series A Common Shares | 7,537 | 7,534 | 7,460 | ||||||||||||||
| Total | 115,179 | 113,714 | 112,750 | ||||||||||||||
| Effects of dilutive securities | 3,384 | — | — | ||||||||||||||
| Weighted average number of shares used in basic and diluted earnings (loss) per share | 118,563 | 113,714 | 112,750 | ||||||||||||||
| Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders | $ | 0.42 | $ | (1.24) | $ | (5.50) | |||||||||||
| Basic earnings (loss) per share from discontinued operations attributable to TDS common shareholders | (1.08) | 0.39 | 0.45 | ||||||||||||||
| Basic earnings (loss) per share attributable to TDS common shareholders | $ | (0.66) | $ | (0.85) | $ | (5.05) | |||||||||||
| Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders | $ | 0.39 | $ | (1.24) | $ | (5.50) | |||||||||||
| Diluted earnings (loss) per share from discontinued operations attributable to TDS common shareholders | (1.04) | 0.39 | 0.45 | ||||||||||||||
| Diluted earnings (loss) per share attributable to TDS common shareholders | $ | (0.65) | $ | (0.85) | $ | (5.05) | |||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2015 | Feb 24, 2016 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.