The story
Founded by LeRoy T. Carlson in 1969.1
TDS on NYSE
Telephone and Data Systems
Logo: Telephone and Data Systems, Inc., Public domain, via Wikimedia Commons5
American telecommunications service company
Telephone and Data Systems, Inc. is an American telecommunications service company primarily providing broadband, cable, telephone, and wireless services, and radio tower leasing, through its subsidiaries TDS Telecom and Array Digital Infrastructure, the latter of which was formerly the cell phone company United States Cellular.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 19, 2026.
Overview
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- TickerTDS on NYSE1
- Industrytelecommunications1
- HeadquartersChicago1
- Websitewww.tdsinc.com
- Incorporated inDE7
- Business address30 North Lasalle Street, Ste 4000, Chicago, Il 606027
- Filer categoryLarge accelerated filer7
- Legal formCorporation4
- LEI5299003YZW5BE2NNLO374
- StatusActive4
- LEI statusIssued and current4
- Registered addressc/o THE CORPORATION TRUST COMPANY, CORPORATION TRUST CENTER 1209 ORANGE ST, 19801 Wilmington, United States4
- Registered withDivision of Corporations, Department of State, 27962054
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Telephone and Data Systems, Inc. is an American telecommunications service company primarily providing broadband, cable, telephone, and wireless services, and radio tower leasing, through its subsidiaries TDS Telecom and Array Digital Infrastructure, the latter of which was formerly the cell phone company United States Cellular.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
-9.1%Operating margin6
-0.6%Net margin6
-9.0%Revenue growth, 20256
-0.1%Return on equity6
$199.4MFree cash flow6
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Service brought in 87% of the revenue Telephone and Data Systems broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2023 | 2024 | 2025 |
|---|---|---|---|
| Service | $1.1B | $1.1B | $1.0B |
| Site Rental | $100.4M | $102.6M | $154.7M |
Business segments
TDS Telecom brought in 86% of the revenue Telephone and Data Systems broke down this way in fiscal 2025.
Business segments by year
| Business segments | 2023 | 2024 | 2025 |
|---|---|---|---|
| TDS Telecom | $1.0B | $1.1B | $1.0B |
| Array | $100.3M | $102.8M | $162.8M |
| Array Total | $87.0K | $323.0K | $8.3M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin41¢$435.1M
- Other costs43¢$461.0M
- Interest11¢$112.7M
- Income tax6¢$62.2M
Out of $1.1B in revenue.6 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending66¢$390.5M
- Share buybacks18¢$108.1M
- Kept or used elsewhere15¢$91.2M
Out of $589.9M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Total operating revenues | $1.2B | $1.3B | $1.4B |
| Selling, general and administrative | $435.1M | $486.7M | $488.8M |
| Depreciation, amortization and accretion | $351.9M | $325.7M | $310.1M |
| Loss on impairment of intangible assets | $48.6M | $137.3M | $547.0M |
| (Gain) loss on asset disposals, net | $16.8M | $13.1M | $5.3M |
| (Gain) loss on sale of business and other exit costs, net | -$23.9M | -$68.3M | $0 |
| (Gain) loss on license sales and exchanges, net | -$6.1M | $3.5M | -$2.2M |
| Total operating expenses | $1.3B | $1.5B | $2.0B |
| Operating income (loss) | -$97.4M | -$191.3M | -$682.6M |
| Equity in earnings of unconsolidated entities | $176.1M | $163.6M | $159.4M |
| Interest and dividend income | $40.3M | $27.2M | $20.0M |
| Interest expense | -$112.7M | -$108.6M | -$62.2M |
| Short-term imputed spectrum lease income | $69.0M | $0 | $0 |
| Other, net | $13.6M | $5.6M | $1.8M |
| Total other income | $186.3M | $87.9M | $119.1M |
| Income (loss) before income taxes | $89.0M | -$103.4M | -$563.5M |
| Income tax expense (benefit) | -$62.2M | -$22.1M | -$15.8M |
| Net income (loss) from continuing operations | $151.1M | -$81.3M | -$547.7M |
| Less: Net income (loss) from continuing operations attributable to noncontrolling interests, net of tax | $33.7M | -$9.2M | $2.7M |
| Net income (loss) from continuing operations attributable to TDS shareholders | $117.4M | -$72.2M | -$550.4M |
| Net income (loss) from discontinued operations | -$130.9M | $54.8M | $60.4M |
| Less: Net income from discontinued operations attributable to noncontrolling interests, net of tax | -$7.3M | $10.4M | $10.0M |
| Net income (loss) from discontinued operations attributable to TDS shareholders | -$123.6M | $44.5M | $50.4M |
| Net income (loss) | $20.2M | -$26.5M | -$487.3M |
| Less: Net income attributable to noncontrolling interests, net of tax | $26.5M | $1.2M | $12.7M |
| Net income (loss) attributable to TDS shareholders | -$6.2M | -$27.7M | -$500.0M |
| TDS Preferred Share dividends | $69.2M | $69.2M | $69.2M |
| Net income (loss) attributable to TDS common shareholders | -$75.5M | -$96.9M | -$569.2M |
| Basic weighted average shares outstanding (in shares) | 115.2M shares | 113.7M shares | 112.8M shares |
| Basic earnings (loss) per share from continuing operations attributable to TDS common shareholders | $0 | -$1 | -$6 |
| Basic earnings (loss) per share from discontinued operations attributable to TDS common shareholders | -$1 | $0 | $0 |
| Basic earnings (loss) per share attributable to TDS common shareholders | -$0.66 | -$0.85 | -$5.05 |
| Diluted weighted average shares outstanding (in shares) | 118.6M shares | 113.7M shares | 112.8M shares |
| Diluted earnings (loss) per share from continuing operations attributable to TDS common shareholders | $0 | -$1 | -$6 |
| Diluted earnings (loss) per share from discontinued operations attributable to TDS common shareholders | -$1 | $0 | $0 |
| Diluted earnings (loss) per share attributable to TDS common shareholders | -$0.65 | -$0.85 | -$5.05 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $766.0M | $363.6M | ||
| Customers, less allowances of $3,406 and $4,367, respectively | $68.7M | $57.1M | ||
| Other, less allowances of $3,203 and $1,643, respectively | $41.2M | $41.4M | ||
| Inventory, net | $4.1M | $4.1M | ||
| Prepaid expenses | $28.2M | $32.4M | ||
| Income taxes receivable | $1.3M | $2.5M | ||
| Current assets of discontinued operations | $0 | $1.2B | ||
| Other current assets | $14.0M | $31.1M | ||
| Total current assets | $923.5M | $1.7B | ||
| Non-current assets held for sale | $1.6B | $12.0K | ||
| Non-current assets of discontinued operations | $0 | $4.5B | ||
| Licenses | $1.6B | $3.3B | ||
| Other intangible assets, net of accumulated amortization of $157,208 and $128,077, respectively | $131.7M | $160.8M | ||
| Investments in unconsolidated entities | $461.9M | $500.5M | $504.6M | |
| Property, plant and equipment, net of accumulated depreciation and amortization of $4,156,666 and $4,137,465, respectively | $3.0B | $2.9B | ||
| Operating lease right-of-use assets | $515.1M | $520.9M | ||
| Other assets and deferred charges | $159.6M | $139.4M | ||
| Current portion of long-term debt | $5.3M | $31.1M | ||
| Accounts payable | $115.8M | $74.9M | ||
| Customer deposits and deferred revenues | $125.1M | $47.0M | ||
| Accrued interest | $2.8M | $9.0M | ||
| Accrued taxes | $46.7M | $36.6M | ||
| Accrued compensation | $56.8M | $147.1M | ||
| Short-term operating lease liabilities | $26.2M | $27.5M | ||
| Current liabilities of discontinued operations | $20.2M | $671.6M | ||
| Other current liabilities | $41.3M | $45.0M | ||
| Total current liabilities | $440.3M | $1.1B | ||
| Non-current liabilities of discontinued operations | $0 | $2.3B | ||
| Deferred income tax liability, net | $743.6M | $980.8M | ||
| Long-term operating lease liabilities | $549.6M | $540.9M | ||
| Other deferred liabilities and credits | $574.0M | $460.7M | ||
| Long-term debt, net | $823.4M | $2.4B | ||
| Noncontrolling interests with redemption features | $0 | $15.8M | ||
| Authorized 290,000 shares (25,000 Series A Common and 265,000 Common Shares) Issued 133,236 shares (7,541 Series A Common and 125,695 Common Shares) and 133,229 shares (7,534 Series A Common and 125,695 Common Shares), respectively Outstanding 113,783 shares (7,541 Series A Common and 106,242 Common Shares) and 114,345 shares (7,534 Series A Common and 106,811 Common Shares), respectively | $1.3M | $1.3M | ||
| Capital in excess of par value | $2.5B | $2.6B | ||
| Preferred Shares, 279,000 shares authorized, par value $0.01 per share, 44,400 shares outstanding (16,800 Series UU and 27,600 Series VV) | $1.1B | $1.1B | ||
| Treasury shares, at cost, 19,453 and 18,884 Common Shares, respectively | -$473.1M | -$425.3M | ||
| Accumulated other comprehensive income | $21.5M | $18.2M | ||
| Retained earnings | $1.7B | $1.8B | ||
| Total TDS shareholders equity | $4.8B | $5.1B | ||
| Noncontrolling interests | $465.7M | $776.8M | ||
| Total equity | $5.3B | $5.9B | $6.0B | $6.6B |
| Total liabilities and equity | $8.4B | $13.7B | ||
| Customer and agent allowances | $3.4M | $4.4M | ||
| Other allowances | $3.2M | $1.6M | ||
| Other intangible assets accumulated amortization | $157.2M | $128.1M | ||
| Accumulated depreciation and amortization | $4.2B | $4.1B | ||
| Authorized shares (in shares) | 290.0M shares | 290.0M shares | ||
| Issued shares (in shares) | 133.2M shares | 133.2M shares | ||
| Outstanding shares (in shares) | 113.8M shares | 114.3M shares | ||
| Preferred shares authorized | 279.0M shares | 279.0M shares | ||
| Par value per share (in dollars per share) | $0.01 | $0.01 | ||
| Outstanding shares (in shares) | 44.4M shares | 44.4M shares | ||
| Assets | $8.4B | $13.7B | $8.1B |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $766.0M | $363.6M | ||
| Customers, less allowances of $3,406 and $4,367, respectively | $68.7M | $57.1M | ||
| Other, less allowances of $3,203 and $1,643, respectively | $41.2M | $41.4M | ||
| Inventory, net | $4.1M | $4.1M | ||
| Prepaid expenses | $28.2M | $32.4M | ||
| Income taxes receivable | $1.3M | $2.5M | ||
| Current assets of discontinued operations | $0 | $1.2B | ||
| Other current assets | $14.0M | $31.1M | ||
| Total current assets | $923.5M | $1.7B | ||
| Non-current assets held for sale | $1.6B | $12.0K | ||
| Non-current assets of discontinued operations | $0 | $4.5B | ||
| Licenses | $1.6B | $3.3B | ||
| Other intangible assets, net of accumulated amortization of $157,208 and $128,077, respectively | $131.7M | $160.8M | ||
| Investments in unconsolidated entities | $461.9M | $500.5M | $504.6M | |
| Property, plant and equipment, net of accumulated depreciation and amortization of $4,156,666 and $4,137,465, respectively | $3.0B | $2.9B | ||
| Operating lease right-of-use assets | $515.1M | $520.9M | ||
| Other assets and deferred charges | $159.6M | $139.4M | ||
| Current portion of long-term debt | $5.3M | $31.1M | ||
| Accounts payable | $115.8M | $74.9M | ||
| Customer deposits and deferred revenues | $125.1M | $47.0M | ||
| Accrued interest | $2.8M | $9.0M | ||
| Accrued taxes | $46.7M | $36.6M | ||
| Accrued compensation | $56.8M | $147.1M | ||
| Short-term operating lease liabilities | $26.2M | $27.5M | ||
| Current liabilities of discontinued operations | $20.2M | $671.6M | ||
| Other current liabilities | $41.3M | $45.0M | ||
| Total current liabilities | $440.3M | $1.1B | ||
| Non-current liabilities of discontinued operations | $0 | $2.3B | ||
| Deferred income tax liability, net | $743.6M | $980.8M | ||
| Long-term operating lease liabilities | $549.6M | $540.9M | ||
| Other deferred liabilities and credits | $574.0M | $460.7M | ||
| Long-term debt, net | $823.4M | $2.4B | ||
| Noncontrolling interests with redemption features | $0 | $15.8M | ||
| Authorized 290,000 shares (25,000 Series A Common and 265,000 Common Shares) Issued 133,236 shares (7,541 Series A Common and 125,695 Common Shares) and 133,229 shares (7,534 Series A Common and 125,695 Common Shares), respectively Outstanding 113,783 shares (7,541 Series A Common and 106,242 Common Shares) and 114,345 shares (7,534 Series A Common and 106,811 Common Shares), respectively | $1.3M | $1.3M | ||
| Capital in excess of par value | $2.5B | $2.6B | ||
| Preferred Shares, 279,000 shares authorized, par value $0.01 per share, 44,400 shares outstanding (16,800 Series UU and 27,600 Series VV) | $1.1B | $1.1B | ||
| Treasury shares, at cost, 19,453 and 18,884 Common Shares, respectively | -$473.1M | -$425.3M | ||
| Accumulated other comprehensive income | $21.5M | $18.2M | ||
| Retained earnings | $1.7B | $1.8B | ||
| Total TDS shareholders equity | $4.8B | $5.1B | ||
| Noncontrolling interests | $465.7M | $776.8M | ||
| Total equity | $5.3B | $5.9B | $6.0B | $6.6B |
| Total liabilities and equity | $8.4B | $13.7B | ||
| Customer and agent allowances | $3.4M | $4.4M | ||
| Other allowances | $3.2M | $1.6M | ||
| Other intangible assets accumulated amortization | $157.2M | $128.1M | ||
| Accumulated depreciation and amortization | $4.2B | $4.1B | ||
| Authorized shares (in shares) | 290.0M shares | 290.0M shares | ||
| Issued shares (in shares) | 133.2M shares | 133.2M shares | ||
| Outstanding shares (in shares) | 113.8M shares | 114.3M shares | ||
| Preferred shares authorized | 279.0M shares | 279.0M shares | ||
| Par value per share (in dollars per share) | $0.01 | $0.01 | ||
| Outstanding shares (in shares) | 44.4M shares | 44.4M shares | ||
| Assets | $8.4B | $13.7B | $8.1B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $20.2M | -$26.5M | -$487.3M |
| Net income (loss) from discontinued operations | -$130.9M | $54.8M | $60.4M |
| Net income (loss) from continuing operations | $151.1M | -$81.3M | -$547.7M |
| Depreciation, amortization and accretion | $351.9M | $325.7M | $310.1M |
| Bad debts expense | $8.2M | $7.4M | $8.6M |
| Stock-based compensation expense | $27.2M | $18.3M | $19.6M |
| Deferred income taxes, net | -$66.2M | -$21.0M | -$15.3M |
| Equity in earnings of unconsolidated entities | -$176.1M | -$163.6M | -$159.4M |
| Distributions from unconsolidated entities | $215.6M | $168.7M | $150.3M |
| Loss on impairment of intangible assets | $48.6M | $137.3M | $547.0M |
| (Gain) loss on asset disposals, net | $16.8M | $13.1M | $5.3M |
| (Gain) loss on sale of business and other exit costs, net | -$23.9M | -$68.3M | $0 |
| (Gain) loss on license sales and exchanges, net | -$6.1M | $3.5M | -$2.2M |
| Other operating activities | $29.6M | $4.6M | $1.3M |
| Accounts receivable | -$24.2M | $6.2M | -$16.6M |
| Inventory | -$10.0K | -$327.0K | -$1.1M |
| Accounts payable | -$9.8M | -$56.1M | -$31.6M |
| Customer deposits and deferred revenues | -$70.6M | $399.0K | $1.2M |
| Accrued taxes | -$19.8M | -$5.1M | $44.2M |
| Other assets and liabilities | -$114.0M | $6.3M | -$7.0M |
| Net cash provided by operating activities - continuing operations | $338.3M | $295.8M | $306.7M |
| Net cash provided by operating activities - discontinued operations | $251.6M | $850.1M | $834.4M |
| Net cash provided by operating activities | $589.9M | $1.1B | $1.1B |
| Cash paid for additions to property, plant and equipment | -$390.5M | -$365.4M | -$643.1M |
| Cash paid for licenses | -$4.2M | -$19.2M | -$128.6M |
| Cash received from divestitures | $72.3M | $147.3M | $1.0M |
| Other investing activities | $4.1M | $1.4M | $11.5M |
| Net cash used in investing activities - continuing operations | -$318.3M | -$235.9M | -$759.1M |
| Net cash provided by (used in) investing activities - discontinued operations | $2.5B | -$518.6M | -$568.0M |
| Net cash provided by (used in) investing activities | $2.1B | -$754.5M | -$1.3B |
| Issuance of long-term debt | $325.0M | $440.0M | $1.1B |
| Repayment of long-term debt | -$2.0B | -$455.5M | -$723.3M |
| Repayment of short-term debt | $0 | $0 | -$60.0M |
| Tax withholdings, net of cash receipts, for TDS stock-based compensation awards | -$1.3M | -$2.3M | -$3.2M |
| Tax withholdings, net of cash receipts, for Array stock-based compensation awards | -$63.4M | -$11.2M | -$5.9M |
| Repurchase of TDS Common Shares | -$108.1M | $0 | -$5.8M |
| Repurchase of Array Common Shares | -$21.4M | -$54.1M | $0 |
| Dividends paid to TDS shareholders | -$87.7M | -$104.4M | -$152.7M |
| Array dividends paid to noncontrolling public shareholders | -$358.6M | $0 | $0 |
| Payment of debt issuance costs | -$8.8M | -$16.2M | -$5.1M |
| Distributions to noncontrolling interests | -$21.9M | -$4.7M | -$3.3M |
| Cash paid for software license agreements | -$1.9M | -$1.3M | -$405.0K |
| Other financing activities | -$16.3M | -$1.1M | $369.0K |
| Net cash provided by (used in) financing activities - continuing operations | -$2.3B | -$210.8M | $121.6M |
| Net cash used in financing activities - discontinued operations | -$20.5M | -$66.6M | -$65.6M |
| Net cash provided by (used in) financing activities | -$2.3B | -$277.5M | $56.0M |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $386.9M | $113.9M | -$130.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led Telephone and Data Systems, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
197019801990200020102020
- FounderLeRoy T. Carlson1
- Chief executive officerWalter Cd Carlson May 22, 2025 to now18
- Chief executive officerJames W. Butman Jan 2, 2018 to May 22, 202519
- Chief executive officerLeRoy T. Carlson1
- Chief executive officerLeRoy T. Carlson, Jr.1
- PresidentAnthony J. Carlson Feb 27, 2026 to now20
- PresidentWalter Cd Carlson May 22, 2025 to Aug 7, 202518
- PresidentDouglas W. Chambers Aug 7, 2025 to Feb 27, 202621
- PresidentLaurent C. Therivel Jul 1, 2020 to Jul 1, 202022
- PresidentJames W. Butman Jan 2, 2018 to Aug 8, 201819
- PresidentKenneth R. Meyers Aug 8, 2018 to Jan 15, 202023
- PresidentMary N. Dillon Jun 2, 2010 to Jun 2, 201024
- PresidentDavid A. Wittwer Jan 8, 2007 to May 25, 201725
- PresidentJames Barr Iii. Jan 25, 2006 to Jun 26, 200726
- Chief financial officerVicki L. Villacrez Jun 2, 2022 to now27
- Chief financial officerPeter L. Sereda Jan 15, 2020 to May 23, 202228
- Chief financial officerKenneth R. Meyers Jan 9, 2007 to May 13, 201329
- Chief financial officerSandra L. Helton Jan 18, 2006 to Oct 16, 200630
Board members and other officers (43)
- VP, Controller & CAOAnita J. Kroll Jun 27, 2019 to now31
- Senior VP-Finance & CAODouglas W. Chambers May 22, 2018 to May 24, 201932
- SVP of Human ResourcesDaniel J. Dewitt Jan 23, 2017 to May 19, 202333
- SVP Corp Relations & Corp SecJane W. McCahon Mar 21, 2016 to Feb 14, 202234
- Sr VP & Corporate ControllerDouglas D. Shuma Sep 10, 2007 to May 15, 201835
- VP Human ResourcesC. Theodore Herbert Jan 17, 2006 to Aug 17, 201636
- VP- Acquisitions & Corp. DevelKenneth M. Kotylo Jan 17, 2006 to Jun 20, 200637
- VP - Internal AuditFrieda E. Ireland Jan 18, 2006 to Jun 20, 200638
- VP & Asst. Corp. ControllerJ. Timothy Kleespies Jan 18, 2006 to Jan 18, 200639
- VP-Technology Planning ServiceJoseph R. Hanley Jan 18, 2006 to now40
- VP, Corporate RelationsMark A. Steinkrauss Jan 18, 2006 to Jun 20, 200641
- VP & TreasurerPeter L. Sereda Jan 18, 2006 to Feb 14, 202242
- VP-Corporate FinanceJames W. Twesme Jan 19, 2006 to Jun 20, 200643
- Senior VP - CIOKurt B. Thaus Jan 19, 2006 to Dec 9, 202144
- Senior Vice PresidentScott H. Williamson Jan 26, 2006 to May 25, 202145
- VP-Corp. DevelopmentByron A. Wertz Feb 2, 2006 to Jun 20, 200646
- Sr. VP - Corp. ControllerD. Michael Jack Feb 7, 2006 to Jun 27, 200747
- Exec. Officer-Pres. SubsidiaryJohn E. Rooney Feb 9, 2006 to Jan 22, 201048
- VP & Assistant ControllerRandall H. Reed Jun 20, 2006 to Jun 20, 200649
- Board memberVicki L. Villacrez Mar 13, 2025 to now50
- Board memberNapoleon B. Rutledge Jr. Dec 3, 2024 to now51
- Board memberDirk S. Woessner May 20, 2022 to now52
- Board memberLaurent C. Therivel Jul 1, 2020 to Jul 1, 202022
- Board memberWade Oosterman May 29, 2019 to now53
- Board memberJames W. Butman May 24, 2018 to now54
- Board memberKimberly D. Dixon May 25, 2017 to now55
- Board memberDavid A. Wittwer Dec 23, 2014 to Mar 5, 201856
- Board memberClarence A. Davis May 21, 2009 to May 18, 202357
- Board memberGary L. Sugarman May 21, 2009 to May 12, 202158
- Board memberPrudence E. Carlson May 23, 2008 to now59
- Board memberKenneth R. Meyers Jan 9, 2007 to Jan 15, 202029
- Board memberGregory P. Josefowicz Jul 26, 2007 to Mar 2, 200960
- Board memberDonald C. Nebergall Jan 3, 2006 to Mar 4, 201461
- Board memberGeorge W. Off Jan 3, 2006 to now62
- Board memberHerbert S. Wander Jan 3, 2006 to Mar 2, 201763
- Board memberKevin A. Mundt Jan 3, 2006 to Jan 3, 200664
- Board memberLetitia G. C. Carlson Jan 3, 2006 to now65
- Board memberMartin L. Solomon Jan 3, 2006 to Jun 21, 200766
- Board memberMitchell H. Saranow Jan 3, 2006 to Mar 27, 201967
- Board memberWalter Cd Carlson Jan 3, 2006 to now68
- Board memberSandra L. Helton Jan 18, 2006 to Oct 16, 200630
- Board memberJames Barr Iii. Jan 25, 2006 to Jan 26, 200926
- Board memberChristopher D. Oleary Sep 20, 2006 to now69
Subsidiaries and ownership
Subsidiaries
Also owns
From Wikidata.1
Timeline
Filings
393 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 67 major events, 209 insider forms, 34 large holders, 62 other. The latest 20:
- Sep 17, 20264 EDGAR
- Sep 15, 20264 EDGAR
- Sep 11, 2026144 EDGAR
- Sep 8, 20264 EDGAR
- Sep 8, 20264 EDGAR
- Sep 2, 20268-K EDGAR
- Sep 2, 2026SCHEDULE 13D/A EDGAR
- Aug 11, 2026SCHEDULE 13G/A EDGAR
- Aug 7, 202610-Q EDGAR
- Aug 7, 20268-K EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 15, 20264 EDGAR
- Jun 10, 20264 EDGAR
- Jun 2, 202611-K EDGAR
- Jun 1, 20268-K EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
- May 26, 20264 EDGAR
The 393 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
20 open-market trades by officers, directors and large owners since October 2021: 0 buys and 20 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 11, 2026 | CARLSON LEROY T JRVice Chair | Sale | 77,100 | $38.45 | $3.0M | Form 4 |
| Mar 23, 2026 | Carlson Prudence EDirector | Sale | 5,811 | $42.00 | $244.1K | Form 4 |
| Nov 11, 2025 | Kroll Anita JVP, Controller & CAO | Sale | 870 | $39.16 | $34.1K | Form 4 |
| Nov 10, 2025 | Kroll Anita JVP, Controller & CAO | Sale | 16,217 | $39.02 | $632.8K | Form 4 |
| Aug 20, 2025 | Kroll Anita JVP, Controller & CAO | Sale | 8,608 | $39.09 | $336.5K | Form 4 |
| Aug 18, 2025 | Villacrez Vicki LExecutive Vice President & CFO | Sale | 26,334 | $39.02 | $1.0M | Form 4 |
| Aug 18, 2025 | Carlson Prudence EDirector | Sale | 4,452 | $38.50 | $171.4K | Form 4 |
| Aug 18, 2025 | Hanley Joseph RSVP-Strategy & Corp Dev | Sale | 68,759 | $38.16 | $2.6M | Form 4 |
| Aug 15, 2025 | Villacrez Vicki LExecutive Vice President & CFO | Sale | 58,452 | $38.56 | $2.3M | Form 4 |
| Aug 14, 2025 | Carlson Prudence EDirector | Sale | 6,320 | $38.05 | $240.5K | Form 4 |
| Aug 13, 2025 | Villacrez Vicki LExecutive Vice President & CFO | Sale | 73,878 | $38.88 | $2.9M | Form 4 |
| Aug 13, 2025 | Kroll Anita JVP, Controller & CAO | Sale | 800 | $39.16 | $31.3K | Form 4 |
| Aug 12, 2025 | Kroll Anita JVP, Controller & CAO | Sale | 29,047 | $39.02 | $1.1M | Form 4 |
| Aug 12, 2025 | Chambers Douglas WPresident of a Subsidiary | Sale | 41,992 | $38.63 | $1.6M | Form 4 |
| Aug 12, 2025 | OLeary Christopher DDirector | Sale | 26,000 | $38.08 | $990.1K | Form 4 |
| Aug 12, 2025 | CARLSON LEROY T JRVice Chair | Sale | 111,820 | $38.15 | $4.3M | Form 4 |
| May 25, 2022 | Davis Clarence ADirector | Sale | 4,300 | $18.33 | $78.8K | Form 4 |
| Dec 8, 2021 | THAUS KURT BSenior VP - Technology | Sale | 12,702 | $19.59 | $248.8K | Form 4 |
| Dec 7, 2021 | THAUS KURT BSenior VP - Technology | Sale | 9,390 | $19.57 | $183.8K | Form 4 |
| Nov 17, 2021 | Carlson Prudence EDirector | Sale | 9,000 | $19.51 | $175.6K | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Trustees of Amendment & Restatement (dated as of April 22, 2005) of Voting Trust under Agreement dated as of June 30, 1989SCHEDULE 13D/A, 6 filings Aug 4, 2023 to Sep 2, 202670
- PICTON MAHONEY ASSET MANAGEMENTSCHEDULE 13G/A, 5 filings Aug 6, 2025 to Aug 11, 202671
- VANGUARD PORTFOLIO MANAGEMENT LLCSCHEDULE 13G, 1 filing Apr 29, 202672
- VANGUARD GROUP INCSCHEDULE 13G/A, 5 filings Jan 10, 2022 to Mar 27, 202673
- Third Point LLCSCHEDULE 13G, 1 filing Dec 26, 202474
- BlackRockSC 13G/A, 2 filings Oct 18, 2024 to Nov 8, 202475
- DIMENSIONAL FUND ADVISORS LPSC 13G, 4 filings Feb 8, 2022 to Oct 31, 202476
- InvescoSC 13G/A, 1 filing Feb 1, 202477
- State Street CorporationSC 13G/A, 5 filings Feb 10, 2022 to Jan 22, 202478
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 15,768,166 | $583.6M | 0.0% | +845,852 |
| Dimensional Fund Advisors LP | 6,342,746 | $234.8M | 0.0% | −139,401 |
| Third Point LLC | 6,275,000 | $232.2M | 5.0% | −325,000 |
| Vanguard Portfolio Management LLC | 5,790,808 | $214.3M | 0.0% | −465,487 |
| Carronade Capital Management, LP | 5,319,175 | $196.9M | 3.4% | +695,241 |
| Oaktree Capital Management LP | 5,282,905 | $195.5M | 5.2% | +990,662 |
| American Century Companies Inc | 4,720,830 | $174.7M | 0.1% | +1,032,216 |
| State Street Corp | 4,430,551 | $164.0M | 0.0% | +239,111 |
| Vanguard Capital Management LLC | 4,154,077 | $153.7M | 0.0% | −150,665 |
| Geode Capital Management, LLC | 2,847,613 | $105.4M | 0.0% | +443,102 |
| Goldman Sachs Group Inc | 2,502,233 | $92.6M | 0.0% | +305,411 |
| Davidson Kempner Capital Management LP | 2,004,506 | $74.2M | 1.8% | +592,806 |
| UBS Group AG | 1,931,686 | $71.5M | 0.0% | +1,125,693 |
| Diameter Capital Partners LP | 1,675,955 | $62.0M | 8.2% | New |
| Morgan Stanley | 1,576,007 | $58.3M | 0.0% | −122,557 |
| Gabelli Funds LLC | 1,527,900 | $56.5M | 0.4% | +8,900 |
| Goldentree Asset Management LP | 1,518,180 | $56.1M | 3.3% | +1,002,180 |
| Gamco Investors, Inc. Et Al | 1,490,973 | $55.2M | 0.5% | −15,038 |
| Foursixthree Capital LP | 1,405,682 | $52.0M | 14.0% | +464,755 |
| Redwood Capital Management, LLC | 1,275,282 | $47.2M | 5.1% | No change |
| Aristeia Capital, L.l.c. | 1,165,593 | $43.1M | 1.4% | +565,593 |
| Charles Schwab Investment Management Inc | 1,137,756 | $42.1M | 0.0% | +666 |
| Northern Trust Corp | 1,103,740 | $40.8M | 0.0% | +64,885 |
| 140 Summer Partners LP | 968,633 | $35.8M | 2.9% | −368,098 |
| Hudson Bay Capital Management LP | 942,129 | $34.9M | 0.2% | +123,429 |
13F reports cover disclosed long positions in U.S. stocks only.
Links
- Websitewww.tdsinc.com1
- WikipediaTelephone and Data Systems
- WikidataQ7696488
- SEC EDGARCIK 1051512
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 20SEC EDGARAnthony J. Carlson, President
- 21SEC EDGARDouglas W. Chambers, President
- 22SEC EDGARLaurent C. Therivel, President
- 23SEC EDGARKenneth R. Meyers, President
- 24SEC EDGARMary N. Dillon, President
- 25SEC EDGARDavid A. Wittwer, President
- 26SEC EDGARJames Barr Iii., President
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- 31SEC EDGARAnita J. Kroll, VP, Controller & CAO
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- 42SEC EDGARPeter L. Sereda, VP & Treasurer
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- 44SEC EDGARKurt B. Thaus, Senior VP - CIO
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- 46SEC EDGARByron A. Wertz, VP-Corp. Development
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- 50SEC EDGARVicki L. Villacrez, Board member
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- 52SEC EDGARDirk S. Woessner, Board member
- 53SEC EDGARWade Oosterman, Board member
- 54SEC EDGARJames W. Butman, Board member
- 55SEC EDGARKimberly D. Dixon, Board member
- 56SEC EDGARDavid A. Wittwer, Board member
- 57SEC EDGARClarence A. Davis, Board member
- 58SEC EDGARGary L. Sugarman, Board member
- 59SEC EDGARPrudence E. Carlson, Board member
- 60SEC EDGARGregory P. Josefowicz, Board member
- 61SEC EDGARDonald C. Nebergall, Board member
- 62SEC EDGARGeorge W. Off, Board member
- 63SEC EDGARHerbert S. Wander, Board member
- 64SEC EDGARKevin A. Mundt, Board member
- 65SEC EDGARLetitia G. C. Carlson, Board member
- 66SEC EDGARMartin L. Solomon, Board member
- 67SEC EDGARMitchell H. Saranow, Board member
- 68SEC EDGARWalter Cd Carlson, Board member
- 69SEC EDGARChristopher D. Oleary, Board member
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