secwatch.observer — SEC 8-K summary
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Issuer:     TELEPHONE & DATA SYSTEMS INC /DE/ (TDS)
CIK:        0001051512
Form:       8-K
Filed at:   2024-02-16T23:59:59+00:00
Accession:  0001051512-24-000008
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

TDS Q4 net loss $523M ($4.64/share); 2024 guidance: UScellular OIBDA $750-850M, TDS Telecom $310-340M
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- Q4 2023 net loss attributable to TDS common shareholders of $523M ($4.64 EPS loss) vs loss of $43M ($0.38) year-ago.
- Excluding $547M goodwill impairment at TDS Telecom, adjusted net loss was $12M ($0.11 per share).
- Full-year 2023 total operating revenues $5.16B, down from $5.41B in 2022; net loss $(569)M ($5.06 per share).
- 2024 guidance: UScellular service rev $2.95-3.05B, Adj OIBDA $750-850M; TDS Telecom rev $1.07-1.10B, Adj OIBDA $310-340M.
- Strategic alternatives review for UScellular, announced Aug 2023, remains ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000008/0001051512-24-000008-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1051512/000105151224000008/tds-20240216.htm
  HTML page:      https://secwatch.observer/filing/0001051512-24-000008

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