NYSE$TDS

Telephone And Data Systems Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

TDS reported mixed results for Q4 2021, with revenues slightly decreasing but strategic priorities progressing.

TDS reported total operating revenues of $1,372 million for the fourth quarter of 2021, a slight decrease compared to $1,376 million for the same period one year ago. Net income attributable to TDS common shareholders remained flat at $14 million, with diluted earnings per share decreasing slightly from $0.12 to $0.11. The company is executing its strategic priorities, with UScellular focusing on growth areas and TDS Telecom expanding its broadband business.

  • UScellular maintained cost discipline and saw growth in Business and Government, Prepaid, Fixed Wireless, and its tower portfolio.
  • TDS Telecom surpassed $1 billion in revenue and exceeded a half million total broadband connections for the year.
  • TDS Telecom launched 2Gig broadband speeds in select markets and aims to triple fiber service addresses by 2026.
  • UScellular made progress on its network modernization program and accumulated mid-band spectrum for 5G growth.

Headline financials

Total Revenue

$1.37B

Previous: $1.38B-0.3%
EPS (adj)

$0.11

Previous: $0.12-8.3%
TDS Telecom Broadband Connections

490.3K

Previous: 262.9K+86.5%
Residential Revenue per Connection

$57.86

Previous: $51.33+12.7%
Capital Expenditures

$405M

Previous: $1.34B-69.7%
Free Cash Flow

-$165M

Previous: -$58M-184.5%
Net Income

$36M

Previous: $16M+125.0%
Operating Income

$24M

Previous: $21M+14.3%
Gross Profit

$1.37B

Previous: $1.38B-0.3%
Cash & Equivalents

$367M

Previous: $1.43B-74.3%
Total Assets

$13.5B

Previous: $12.5B+7.7%
Stock-Based Comp

$14M

Previous: $14M+0.0%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.37B

Q4 2021-0.3%vs Q4 2020
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

TDS · $254M total across 1 segment · Q4 2021

  • TDS Telecom
    $254M+2.4%

Forward guidance

TDS provided estimated results for the full year 2022 for UScellular and TDS Telecom.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

+0.0%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.5%

Avg return

30 days after

38%

15 / 39 earnings

Positive

+67.1%

Q2 2023

Best reaction

-22.0%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.2%-7.2%-14.0%
Q4 2025-0.7%-0.4%-9.9%
Q3 2025-2.2%+3.2%+2.4%
Q1 2025-8.6%-8.4%-8.7%
Q4 2024-4.2%-9.6%-7.1%
Q3 2024-6.0%+9.4%+14.9%
Q2 2024-9.9%-3.3%+11.9%
Q1 2024-3.1%-5.6%+22.7%
Q4 2023-22.0%-20.6%-16.3%
Q3 2023-4.1%-4.3%+10.9%
Q2 2023+67.1%+111.5%+171.0%
Q1 2023-15.9%-23.8%-26.3%
Q4 2022+17.6%+12.6%-14.7%
Q3 2022-1.7%-33.2%-38.2%
Q2 2022-3.0%+8.6%+2.5%
Q1 2022-2.0%-8.9%-13.1%
Q4 2021-1.9%-17.6%-11.1%
Q3 2021-1.2%-1.0%-9.5%
Q2 2021+0.9%+4.2%+6.4%
Q1 2021+3.6%+5.1%+8.7%
Q4 2020-1.0%-11.5%+11.0%
Q3 2020+2.5%+7.9%+11.1%
Q2 2020-0.7%+18.7%+15.5%
Q1 2020-4.2%-12.0%+0.1%
Q4 2019+0.2%-17.9%-35.6%
Q3 2019-2.2%-8.9%-11.1%
Q2 2019-3.4%-17.1%-22.1%
Q1 2019+0.7%-0.5%-10.7%
Q4 2018-10.8%-12.7%-14.4%
Q3 2018+14.6%+17.8%+19.3%
Q2 2018+4.0%+15.8%+16.4%
Q1 2018-8.0%-2.7%-6.5%
Q4 2017+10.8%+12.0%+10.9%
Q3 2017-6.7%-7.1%-2.0%
Q2 2017+1.2%+1.4%+4.8%
Q1 2017+4.9%+4.3%+11.2%
Q4 2016-8.7%-17.5%-22.6%
Q3 2016+1.1%+3.7%+10.4%
Q2 2016+1.4%-2.5%-8.9%
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014
Q4 2013
Q3 2013
Q2 2013
Q1 2013
Q2 2012
Q4 2012
Q3 2012
Q1 2012
Q4 2011
Q2 2011
Q3 2011
Q1 2010
Q1 2011
Q4 2008
Q3 2009
Q3 2010
Q2 2009
Q2 2010
Q4 2009

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