NYSE$TDS

Telephone And Data Systems Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported fourth quarter and full year results, investing in networks and provided 2023 guidance.

TDS reported total operating revenues of $1,357 million for the fourth quarter of 2022, compared to $1,372 million for the same period one year ago. Net loss attributable to TDS common shareholders was $(43) million, or $(0.38) per share, compared to a net income of $14 million, or $0.11 per share, in the same period one year ago.

  • TDS Family of Companies made significant investments in its businesses in 2022 to strengthen its customer base, expand into new territories, and enhance its network technologies.
  • UScellular focused on expanding ARPU, improving customer results, and a number of related growth opportunities in 2022.
  • TDS Telecom grew its footprint by 9% and delivered 133,000 new marketable fiber service addresses in 2022.
  • TDS Telecom will continue working toward its long-term fiber investment goal of reaching 1.2 million fiber service addresses by 2026.

Headline financials

Total Revenue

$1.36B

Previous: $1.37B-1.1%
EPS (adj)

-$0.38

Previous: $0.11-445.5%
TDS Telecom Broadband Connections

510.0K

Previous: 490.3K+4.0%
Residential Revenue per Connection

$59.91

Previous: $57.86+3.5%
Capital Expenditures

$367M

Previous: $405M-9.4%
Free Cash Flow

-$130M

Previous: -$165M+21.2%
Net Income

-$30M

Previous: $36M-183.3%
Operating Income

-$26M

Previous: $24M-208.3%
Gross Profit

$1.36B

Previous: $1.37B-1.1%
Cash & Equivalents

$360M

Previous: $367M-1.9%
Total Assets

$14.6B

Previous: $13.5B+7.8%
Stock-Based Comp

$10M

Previous: $14M-28.6%

Revenue & EPS history

TDS · Revenue · Quarterly

$1.36B

Q4 2022-1.1%vs Q4 2021
Beat estimate in 4 of 13 quarters(31%)
ActualEstimate

Revenue by segment

TDS · $309M total across 2 segments · Q4 2022

  • TDS Telecom
    $257M+1.2%
  • All Other
    $52M

Forward guidance

TDS provided estimated results for the full-year 2023 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 2022

Historical avgQ4 2022

+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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