TDS reports Q4 net loss of $43M (-$0.38 EPS); revenues $1,357M; provides 2023 guidance

TELEPHONE & DATA SYSTEMS INC /DE/

2022-FY EPS reported -$0.07 revenue$5,413,000,000

Q4 2022 total operating revenues $1,357M vs $1,372M YoY; net loss $43M vs prior year income $14M.
Full year 2022 revenues $5,413M; net loss $7M (-$0.07 EPS) vs $117M income ($1.00 EPS) in 2021.
TDS Telecom added 133,000 fiber service addresses in 2022, total 582,000; targeting 1.2 million by 2026.
2023 guidance: UScellular service rev $3,050-3,150M, adj OIBDA $725-875M; TDS Telecom rev $1,030-1,060M, adj OIBDA $260-290M.
UScellular 2023 capex guidance $600-700M; TDS Telecom capex guidance $500-550M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

TELEPHONE & DATA SYSTEMS INC /DE/ updated its full year 2023 guidance (initiated).

Period: full year 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

TDS’ current estimates of full-year 2023 results for UScellular and TDS Telecom are shown below. Such estimates represent management’s view as of February 16, 2023 and should not be assumed to be current as of any future date.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TELEPHONE & DATA SYSTEMS INC /DE/ reported full year 2022 results: revenue total operating revenues of $5,413 million and $5,329 million for the years ended 2022 and 2021, respectively, net income Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(7) millio, EPS $(0.07).

Period: full year 2022
Revenue: total operating revenues of $5,413 million and $5,329 million for the years ended 2022 and 2021, respectively
Net income: Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(7) millio
EPS: $(0.07)
Result: reported results

Exact text from the filing

TDS reported total operating revenues of $5,413 million and $5,329 million for the years ended 2022 and 2021, respectively. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(7) million and $(0.07), respectively, for the year ended 2022 compared to $117 million and $1.00, respectively, for the year ended 2021.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

TELEPHONE & DATA SYSTEMS INC /DE/ reported fourth quarter and full year 2022 results: revenue total operating revenues of $1,357 million for the fourth quarter of 2022, versus $1,372 million for the same period one, net income Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(43) milli, EPS $(0.38).

Period: fourth quarter and full year 2022
Revenue: total operating revenues of $1,357 million for the fourth quarter of 2022, versus $1,372 million for the same period one
Net income: Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(43) milli
EPS: $(0.38)
Result: reported results

Exact text from the filing

TDS reports fourth quarter and full year 2022 results Investing in our networks; Provides 2023 guidance CHICAGO (February 16, 2023) — Telephone and Data Systems, Inc. (NYSE:TDS) reported total operating revenues of $1,357 million for the fourth quarter of 2022, versus $1,372 million for the same period one year ago. Net income (loss) attributable to TDS common shareholders and related diluted earnings (loss) per share were $(43) million and $(0.38), respectively, for the fourth quarter of 2022 compared to $14 million and $0.11, respectively, in the same period one year ago.

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Source: SEC EDGAR

accession 0001051512-23-000004

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