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Telephone and Data Systems TDS T D S Telecom Segment — Indefinite-Lived License Agreements

Other segment segments

Array Total
$1.64B

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Other financials

Income statement

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Revenue$309.5M+6.5%
Operating income$143.8M+524%
Net income$144.6M+1,836%
EPS (diluted)$1.09+1,311%

Balance sheet

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Cash & equivalents$1.4B+269%
Total debt$1.3B-75.4%
Total equity$4.9B-3.0%
Total assets$8.2B+2.2%

Cash flow

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Operating cash flow$67.5M-63.7%
CapEx$149.0M+131%
Free cash flow-$81.6M-167%

Valuation

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Market cap$4.51B+7.9%

Profitability

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Gross margin77.2%
Operating margin3.8%+2.1pp
Net margin6.5%
FCF margin44.1%

Returns & leverage

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Return on equity2.8%
Debt / equity0.3×-0.7×
Current ratio3.4×+1.7×

Where this comes from

Reported directly by Telephone and Data Systems in its filing.

Tagged under the XBRL concept us-gaap:IndefiniteLivedLicenseAgreements.

The official record: Telephone and Data Systems’s 10-K, filed February 24, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Telephone and Data Systems's t d s telecom segment — indefinite-lived license agreements?
Telephone and Data Systems (TDS) reported t d s telecom segment — indefinite-lived license agreements of $700K in Q4 2025.
What does t d s telecom segment — indefinite-lived license agreements mean?
Represents the carrying value of intangible assets, such as spectrum or operating licenses, that have no foreseeable limit on the period over which they are expected to generate cash flows. These assets are not amortized but are subject to periodic impairment testing to ensure their book value does not exceed their fair market value.