|
|
2004
|
2003
|
2002
|
2001
|
2000
|
|
(Dollars in thousands, except
per share amounts)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating Revenues
|
|
|
|
|
|
| U.S. Cellular |
$ 2,837,619
|
$ 2,582,783
|
$ 2,197,586
|
$ 1,894,830
|
$ 1,716,640
|
| TDS Telecom |
882,770
|
862,433
|
800,888
|
693,712
|
610,216
|
|
|
$ 3,720,389
|
$ 3,445,216
|
$ 2,998,474
|
$ 2,588,542
|
$ 2,326,856
|
|
|
|
|
|
|
|
|
Operating Income
|
220,751
|
267,888
|
386,355
|
436,155
|
420,066
|
| Depreciation, amortization and accretion |
667,956
|
595,732
|
510,445
|
450,019
|
399,143
|
| Operating income before depreciation, amortization and
accretion* |
888,707
|
863,620
|
896,800
|
886,174
|
819,209
|
| Loss on impairment of intangible assets |
29,440
|
49,595
|
-
|
-
|
-
|
| Loss on impairment of long-lived assets |
87,910
|
4,914
|
-
|
-
|
-
|
| (Gain) loss on assets held for sale |
(10,806)
|
45,908
|
-
|
-
|
-
|
|
Operating Cash Flow*
|
$ 995,251
|
$ 964,037
|
$ 896,800
|
$ 886,174
|
$ 819,209
|
|
|
|
|
|
|
|
Income (loss) from continuing operations
|
$ 42,642
|
$ 60,006
|
$ (987,737)
|
$ (173,963)
|
$ 115,056
|
Basic weighted average common shares (000s)
|
57,296
|
57,721
|
58,644
|
58,661
|
59,922
|
| Basic earnings per share (EPS) |
$ 0.85
|
$ 0.80
|
$ (16.97)
|
$ (3.38)
|
$ 37.32
|
| Diluted earnings per share (EPS) |
0.84
|
0.79
|
(16.97)
|
(3.38)
|
36.88
|
Dividends per share
|
0.66
|
0.62
|
0.58
|
0.54
|
0.50
|
| Common stockholders’ equity |
$ 3,190,748
|
$ 3,078,872
|
$ 3,042,222
|
$ 3,518,924
|
$ 3,936,067
|
| Return on average equity |
1.4%
|
2.0%
|
(30.1)%
|
(4.7)%
|
3.6%
|
| Capital expenditures |
$ 798,252
|
$ 776,967
|
$ 899,050
|
$ 700,150
|
$ 456,019
|
| Total assets |
$ 10,993,841
|
$ 10,193,338
|
$ 9,671,784
|
$ 8,079,574
|
$ 8,667,390
|
| Wireless customers |
4,945,000
|
4,409,000
|
4,103,000
|
3,461,000
|
3,061,000
|
| Telephone access line equivalents |
|
|
|
|
|
| Incumbent Local Exchange Carrier (ILEC) |
730,400
|
722,200
|
711,200
|
678,300
|
619,600
|
| Competitive Local Exchange Carrier (CLEC) |
426,800
|
364,800
|
291,400
|
192,100
|
112,100
|
| Common share record owners |
2,067
|
2,183
|
2,285
|
2,541
|
2,669
|
| Total employees |
11,500
|
10,900
|
11,100
|
9,300
|
8,859
|
* The Operating Income before Depreciation, Amortization
and Accretion and Operating Cash Flow amounts presented above are not determined
in accordance with accounting principles generally accepted in the United
States of America ("U.S. GAAP"). Telephone and Data Systems, Inc.
(TDS) TDS uses Operating Income before Depreciation, Amortization and Accretion
and Operating Cash Flow to evaluate the operating performance of its business.
TDS believes that such non-GAAP measures provide useful information to investors
regarding its results of operations in that the measures provide additional
details regarding TDS’s operating performance and facilitate comparison
from time period to time period. Operating Cash Flow is used as an analytical
indicator of income generated to service debt and fund capital expenditures.
In addition, multiples of current or projected Operating Cash Flow are used
to estimate current or prospective enterprise value. Operating Cash Flow does
not give effect to cash used for debt-service requirements, and thus does
not reflect funds available for investment or other discretionary uses. Operating
Cash Flow as presented herein may not be comparable to similarly titled measures
reported by other companies.
 |
|
