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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues        
Total operating revenues $ 1,392 $ 1,328 $ 4,056 $ 3,957
Operating expenses        
Selling, general and administrative 462 429 1,300 1,232
Depreciation, amortization and accretion 234 213 691 670
Loss on impairment of licenses 0 0 3 0
(Gain) loss on asset disposals, net 4 8 13 17
(Gain) loss on sale of business and other exit costs, net 0 0 (1) (1)
Total operating expenses 1,403 1,259 3,909 3,720
Operating income (loss) (11) 69 147 237
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 40 48 123 138
Interest and dividend income 4 3 10 9
Interest expense (46) (54) (118) (193)
Other, net 0 0 1 (1)
Total investment and other income (expense) (2) (3) 16 (47)
Income (loss) before income taxes (13) 66 163 190
Income tax expense (benefit) (3) 19 62 38
Net income (loss) (10) 47 101 152
Less: Net income (loss) attributable to noncontrolling interests, net of tax (2) 7 14 26
Net income (loss) attributable to TDS shareholders (8) 40 87 126
TDS Preferred Share dividends 17 12 52 21
Net income (loss) attributable to TDS common shareholders $ (25) $ 28 $ 35 $ 105
Basic weighted average shares outstanding (in shares) 114 115 114 115
Basic earnings (loss) per share attributable to TDS common shareholders $ (0.22) $ 0.24 $ 0.31 $ 0.91
Diluted weighted average shares outstanding (in shares) 114 116 115 116
Diluted earnings (loss) per share attributable to TDS common shareholders $ (0.22) $ 0.24 $ 0.30 $ 0.89
Service        
Operating revenues        
Total operating revenues $ 1,061 $ 1,065 $ 3,186 $ 3,156
Operating expenses        
Cost of goods and services 326 327 936 950
Equipment and product sales        
Operating revenues        
Total operating revenues 331 263 870 801
Operating expenses        
Cost of goods and services $ 377 $ 282 $ 967 $ 852