7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2018-06-30 2018-03-31 2017-09-30 2017-06-30 2017-03-31 2016-09-30 2016-06-30 2016-03-31 2015-09-30 2015-06-30 2015-03-31 2014-12-31 2014-09-30 2014-06-30 2014-03-31 2013-09-30 2013-06-30 2013-03-31 2012-09-30 2012-06-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2006-03-31 
      
    		                                                                   
      cash flows from operating activities
    		                                                                   
      net income
    		-73,368,000 18,000,000 12,000,000 8,000,000 -79,000,000 7,000,000 38,000,000 -503,000,000 4,000,000 0 12,000,000 -29,000,000 -10,000,000 39,000,000 72,000,000 36,000,000 47,000,000 34,000,000 71,000,000 93,000,000 78,000,000 83,000,000 1,288,937,000 23,000,000 39,000,000 70,000,000 1,263,597,000 54,000,000 44,000,000 57,000,000 -231,000,000 12,000,000 43,000,000 16,000,000 32,000,000 10,000,000 62,395,000 26,500,000 175,801,000 1,425,303,000 -121,199,000 -25,726,000 20,294,000 -11,054,000 178,397,000 6,989,000 40,158,000 55,939,000 67,566,000 91,333,000 108,678,000 52,244,000 52,583,000 51,532,000 63,126,000 47,265,000 90,559,000 93,374,000 101,223,000 87,757,000 73,487,000 231,737,000 -8,627,000 219,325,000 65,653,000 172,467,000 39,875,000 
      net income from discontinued operations
    		                                                                   
      net income from continuing operations
    		                                                                   
      add (deduct) adjustments to reconcile net income to net cash flows from operating activities
    		                                                                   
      depreciation, amortization and accretion
    		-209,905,000 238,000,000 234,000,000 239,000,000 237,000,000 233,000,000 234,000,000 234,000,000 225,000,000 224,000,000 232,000,000 238,000,000 235,000,000 227,000,000 229,000,000 225,000,000 213,000,000 233,000,000 224,000,000 215,000,000 235,000,000 235,000,000  237,000,000 233,000,000 227,000,000                             189,389,000  183,349,000 182,766,000 187,975,000 188,026,000 186,158,000 191,695,000 190,528,000 191,310,000 188,046,000 179,985,000 182,667,000 
      bad debts expense
    		-39,049,000 24,000,000 21,000,000 34,000,000 21,000,000 20,000,000 31,000,000 34,000,000 24,000,000 26,000,000 27,000,000 40,000,000 44,000,000 28,000,000 26,000,000 24,000,000 14,000,000 14,000,000 8,000,000 7,000,000 14,000,000 34,000,000  30,000,000 25,000,000 25,000,000                             20,245,000  22,458,000 20,303,000 22,646,000 16,401,000 20,405,000 24,140,000 14,736,000 12,255,000 23,283,000 17,390,000 9,075,000 
      stock-based compensation expense
    		-21,664,000 16,000,000 28,000,000 23,000,000 19,000,000 15,000,000 14,000,000 14,000,000 13,000,000 11,000,000 3,000,000 10,000,000 9,000,000 11,000,000 12,000,000 14,000,000 11,000,000 14,000,000 10,000,000 14,000,000 14,000,000 11,000,000  14,000,000 20,000,000 13,000,000                             7,444,000  8,838,000 5,556,000 6,939,000 5,906,000 3,116,000 12,067,000 6,228,000 4,651,000 14,628,000   
      deferred income taxes
    		-82,486,000 -5,000,000 7,000,000 18,000,000 -31,000,000 2,000,000 14,000,000 -30,000,000 16,000,000 13,000,000 9,000,000 -1,000,000 -4,000,000 23,000,000 29,000,000 -3,000,000 15,000,000 13,000,000 27,000,000 67,000,000 75,000,000 75,000,000  -17,000,000 15,000,000 25,000,000                               11,303,000 4,934,000      81,841,000    
      equity in earnings of unconsolidated entities
    		-70,309,000 -42,000,000 -37,000,000 -39,000,000 -43,000,000 -40,000,000 -42,000,000 -37,000,000 -40,000,000 -38,000,000 -44,000,000 -36,000,000 -40,000,000 -38,000,000 -45,000,000 -44,000,000 -48,000,000 -48,000,000 -42,000,000 -48,000,000 -45,000,000 -45,000,000  -44,000,000 -41,000,000 -44,000,000                                          
      distributions from unconsolidated entities
    		61,732,000 77,000,000 11,000,000 63,000,000 26,000,000 58,000,000 22,000,000 53,000,000 19,000,000 58,000,000 20,000,000 45,000,000 20,000,000 61,000,000 19,000,000 73,000,000 27,000,000 57,000,000 23,000,000 27,000,000 66,000,000 25,000,000  24,000,000 57,000,000 19,000,000                             7,243,000  7,210,000 6,029,000 5,414,000 38,763,000 7,047,000 4,436,000 41,114,000 2,321,000 2,293,000 31,723,000 5,676,000 
      loss on impairment of licenses
    		           0 0                                                       
      (gain) loss on asset disposals
    		-3,476,000 8,000,000 4,000,000 7,000,000 7,000,000 9,000,000 7,000,000 5,000,000 6,000,000 5,000,000 11,000,000 14,000,000 4,000,000 7,000,000 2,000,000 9,000,000 9,000,000 3,000,000 5,000,000 7,000,000 4,000,000 4,000,000    -5,000,000                                          
      (gain) loss on sale of business and other exit costs
    		2,968,000 -8,000,000 -1,000,000 -56,000,000        0   -1,000,000 -1,000,000 0 0 -1,000,000     1,000,000 0 -2,000,000                                          
      (gain) loss on license sales and exchanges
    		-1,123,000 -4,000,000 -1,000,000 -1,000,000 -3,000,000 8,000,000 -1,000,000                  0 -2,000,000                                          
      other operating activities
    		13,451,000 4,000,000 2,000,000 3,000,000 1,000,000 4,000,000 1,000,000 4,000,000 0 2,000,000 2,000,000 3,000,000 4,000,000   10,000,000 14,000,000 38,000,000 -1,000,000 0    1,000,000                               948,000             
      changes in assets and liabilities from operations
    		                                                                   
      accounts receivable
    		20,977,000 -30,000,000 1,000,000 -43,000,000 27,000,000 -21,000,000 27,000,000 -9,000,000 -8,000,000 -3,000,000 22,000,000 -10,000,000 -34,000,000 -39,000,000 14,000,000 -48,000,000 -11,000,000 20,000,000 17,000,000 5,000,000 -22,000,000 43,000,000 56,150,000 -40,000,000 -30,000,000 28,000,000 -34,867,000                            9,648,000             
      inventory
    		-51,986,000   -17,000,000 -17,000,000 30,000,000 24,000,000 -26,000,000 35,000,000   -16,000,000 -39,000,000 -30,000,000 -5,000,000 -37,000,000 47,000,000 -43,000,000 8,000,000 -13,000,000 67,000,000 -52,000,000  7,000,000 11,000,000 -15,000,000                                7,720,000          
      accounts payable
    		30,225,000 16,000,000 -17,000,000 -43,000,000 17,000,000 21,000,000 -35,000,000 -63,000,000 88,000,000 38,000,000 -162,000,000 16,000,000 22,000,000 54,000,000 -60,000,000 -13,000,000 50,000,000 9,000,000 -115,000,000 46,000,000 -38,000,000 87,000,000  5,000,000 -55,000,000 46,000,000                                          
      customer deposits and deferred revenues
    		-17,105,000 -7,000,000 -7,000,000 12,000,000 -10,000,000 1,000,000 6,000,000 7,000,000 -6,000,000 0 -9,000,000 18,000,000 23,000,000 -2,000,000 9,000,000 30,000,000 7,000,000 -3,000,000 9,000,000 -13,000,000 1,000,000 -9,000,000  -10,000,000 3,000,000 5,000,000                             784,000             
      accrued taxes
    		-26,974,000 3,000,000 1,000,000 -20,000,000 9,000,000 3,000,000 4,000,000 -22,000,000 16,000,000 55,000,000 1,000,000 -9,000,000 5,000,000 2,000,000 129,000,000 -6,000,000 -18,000,000   -41,000,000 -41,000,000 -74,000,000  35,000,000 -7,000,000 9,000,000                             35,641,000  21,876,000 34,865,000          
      accrued interest
    		-2,741,000 -10,000,000 9,000,000  8,000,000 -4,000,000 9,000,000  9,000,000 -10,000,000 9,000,000  9,000,000 -9,000,000 10,000,000  7,000,000 -12,000,000 9,000,000   9,000,000    11,000,000                             9,212,000  -8,845,000 9,358,000          
      other assets and liabilities
    		-47,156,000 65,000,000 -119,000,000 85,000,000 -13,000,000 53,000,000 -131,000,000 61,000,000 -5,000,000 29,000,000 -88,000,000 49,000,000 26,000,000 37,000,000 -59,000,000 47,000,000 10,000,000 26,000,000 -69,000,000 -8,000,000 40,000,000 -82,000,000  31,000,000 0 -74,000,000                                          
      net cash from operating activities - continuing operations
    		                                                                   
      net cash from operating activities - discontinued operations
    		                                                                   
      net cash from operating activities
    		-36,687,000 421,000,000 186,000,000 212,000,000 307,000,000 402,000,000 224,000,000 219,000,000 409,000,000 468,000,000 46,000,000 254,000,000 167,000,000 353,000,000 381,000,000 240,000,000 382,000,000 316,000,000 165,000,000 360,000,000 439,000,000 367,000,000 234,595,000 282,000,000 265,000,000 327,000,000 432,720,000                                         
      capex
    		0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0                                         
      free cash flows
    		-36,687,000 421,000,000 186,000,000 212,000,000 307,000,000 402,000,000 224,000,000 219,000,000 409,000,000 468,000,000 46,000,000 254,000,000 167,000,000 353,000,000 381,000,000 240,000,000 382,000,000 316,000,000 165,000,000 360,000,000 439,000,000 367,000,000 234,595,000 282,000,000 265,000,000 327,000,000 432,720,000                                         
      cash flows from investing activities
    		                                                                   
      cash paid for additions to property, plant and equipment
    		23,941,000 -157,000,000 -129,000,000 -229,000,000 -204,000,000 -216,000,000 -235,000,000 -305,000,000 -277,000,000 -298,000,000 -331,000,000 -367,000,000 -268,000,000 -255,000,000 -271,000,000 -405,000,000 -269,000,000 -237,000,000 -220,000,000 -304,000,000 -233,000,000 -377,000,000  -238,000,000 -238,000,000 -155,000,000  -172,000,000 -144,000,000 -131,000,000 -156,000,000 -115,000,000 -127,000,000 -145,000,000 -122,000,000 -159,000,000                                
      cash paid for licenses
    		-175,000 -2,000,000 -2,000,000                 -25,000,000 -118,000,000 -26,000,000                                              
      cash received from divestitures
    		5,389,000 16,000,000 8,000,000 56,000,000                                     25,464,000 22,863,000 103,042,000 4,300,000   146,000 0 50,036,000       0   0 0 6,838,000 0 3,998,000 279,000 0   
      other investing activities
    		1,168,000   2,000,000 0   6,000,000 0 6,000,000 2,000,000 3,000,000 -8,000,000 -1,000,000 -10,000,000 -12,000,000 1,000,000           1,000,000   0   0   4,010,000 -437,000 2,765,000  1,878,000 2,097,000 1,623,000 -267,000 7,763,000 6,364,000 -4,205,000 -8,480,000 -436,000  687,000 -1,503,000 202,000 1,040,000 439,000 1,295,000 980,000 1,010,000   371,000   2,246,000    
      net cash from investing activities - continuing operations
    		                                                                   
      net cash from investing activities - discontinued operations
    		                                                                   
      net cash from investing activities
    		2,492,722,000 -141,000,000 -123,000,000 -174,000,000 -115,000,000 -219,000,000 -246,000,000 -405,000,000 -293,000,000 -295,000,000 -334,000,000 -375,000,000 -286,000,000 -274,000,000 -848,000,000 -456,000,000 -291,000,000 -235,000,000 -1,480,000,000 -309,000,000 -365,000,000 -404,000,000 1,098,010,000 -221,000,000 -357,000,000 -259,000,000 335,158,000                                         
      telephone and data systems, inc.consolidated statement of cash flows
    		                                                                   
      cash flows from financing activities
    		                                                                   
      issuance of long-term debt
    		   0 0 300,000,000 140,000,000 300,000,000 390,000,000 75,000,000 316,000,000 127,000,000 251,000,000 0 776,000,000 125,000,000 226,000,000 625,000,000 567,000,000 500,000,000 125,000,000 50,000,000            0             0 0 358,000 0 343,700,000 300,000,000          0 2,403,000 454,000 0 0 560,000 
      repayment of long-term debt
    		-1,944,844,000 -9,000,000 -8,000,000 -48,000,000 -7,000,000 -344,000,000 -57,000,000 -59,000,000 -455,000,000 -204,000,000 -5,000,000 -2,000,000 -102,000,000 -101,000,000 -127,000,000 -197,000,000 -583,000,000   -3,000,000 -3,000,000 -2,000,000  -5,000,000 -6,000,000 -5,000,000  -5,000,000         -181,000 -187,000 -247,000  -230,000 -197,000 -392,000 -591,000 -277,000 -328,000 -1,483,000 -459,000 -493,000  -612,985,000 -402,000 -902,000               
      tax withholdings, net of cash receipts, for tds stock-based compensation awards
    		23,766,000                                                                   
      tax withholdings, net of cash receipts, for array stock-based compensation awards
    		-27,506,000                                                                   
      repurchase of tds common shares
    		       0 0 -3,000,000 -3,000,000 -15,000,000 -5,000,000 -16,000,000 -4,000,000 -4,000,000 -1,000,000 0 -3,000,000 0 -8,000,000 -6,000,000                   -11,203,000 -16,748,000 -3,342,000                         
      repurchase of array common shares
    		-360,000                                                                   
      dividends paid to tds shareholders
    		-21,801,000 -22,000,000 -22,000,000 -21,000,000 -22,000,000 -22,000,000 -39,000,000 -39,000,000 -38,000,000 -38,000,000 -38,000,000 -37,000,000 -38,000,000 -38,000,000 -38,000,000 -38,000,000 -32,000,000 -29,000,000 -20,000,000 -19,000,000 -20,000,000 -19,000,000  -19,000,000 -19,000,000 -19,000,000  -18,000,000 -18,000,000 -18,000,000 -17,000,000 -17,000,000 -17,000,000 -17,000,000 -16,000,000 -16,000,000 -15,329,000 -15,298,000 -15,232,000  -14,468,000 -14,525,000 -14,582,000 -13,832,000                        
      array dividends paid to noncontrolling public shareholders
    		                                                                   
      payment of debt issuance costs
    		-4,459,000    0               -16,000,000                 -21,000 -62,000 -3,018,000     0       -11,343,000 -9,848,000                
      distributions to noncontrolling interests
    		-19,131,000 0 -2,000,000 -1,000,000 -1,000,000 -1,000,000 -2,000,000 -1,000,000 0 -1,000,000 -1,000,000 0 -1,000,000 -1,000,000 -1,000,000 -1,000,000 0 -1,000,000 -1,000,000 -1,000,000 0 -1,000,000  -1,000,000 -1,000,000 -1,000,000           -225,000 -5,647,000 -225,000  43,000 -136,000 -346,000 -155,000 -896,000 -2,396,000 -848,000 -425,000 -218,000  -691,000 -686,000 -1,514,000               
      cash paid for software license agreements
    		18,564,000 -10,000,000 -10,000,000 -35,000,000 -11,000,000 -12,000,000 -9,000,000 -37,000,000 -9,000,000 -12,000,000 -8,000,000                                                         
      other financing activities
    		-6,481,000   -1,000,000 0 1,000,000 -2,000,000    -1,000,000 4,000,000 0 1,000,000 -3,000,000 -3,000,000 2,000,000 -3,000,000 -3,000,000   -3,000,000  5,000,000       4,000,000   2,000,000 6,000,000 3,000,000 3,338,000 2,669,000 -1,488,000  1,368,000 2,668,000 2,834,000 1,258,000 1,705,000 -1,351,000 1,418,000 1,992,000 798,000  1,109,000 968,000 -7,469,000   641,000 707,000 58,000 1,842,000 805,000 1,262,000      1,207,000 
      net cash from financing activities - continuing operations
    		                                                                   
      net cash from financing activities - discontinued operations
    		                                                                   
      net cash from financing activities
    		-2,077,065,000 -92,000,000 -76,000,000 -126,000,000 -66,000,000 -115,000,000 30,000,000 163,000,000 -116,000,000 -189,000,000 198,000,000 39,000,000 95,000,000 -170,000,000 649,000,000 -131,000,000 251,000,000 -741,000,000 942,000,000 459,000,000 78,000,000 -3,000,000 -1,266,605,000 -41,000,000 -33,000,000 -29,000,000 -1,212,878,000                                         
      net increase in cash, cash equivalents and restricted cash
    		378,970,000 188,000,000 -13,000,000 -88,000,000 126,000,000 68,000,000 8,000,000  0 -16,000,000 -90,000,000 -82,000,000 -24,000,000 -91,000,000 182,000,000 -347,000,000 342,000,000   510,000,000 152,000,000 -40,000,000  20,000,000 -125,000,000 39,000,000  190,000,000 94,000,000 161,000,000                                      
      cash, cash equivalents and restricted cash
    		                                                                   
      beginning of period
    		-778,000 0 384,000,000 0 0 0 270,000,000 0 0 0 399,000,000 0 0 0 414,000,000 0 0 0 1,452,000,000 0 0 474,000,000  0 0 927,000,000  0 0 622,000,000 0 0 900,000,000 0 0 985,000,000 0 0 471,901,000  0 0 830,014,000 0 0 740,481,000 0 0 563,275,000 0 0 368,134,000 0 0 670,992,000 0 0 777,309,000 0 0 1,174,446,000 0 0 1,013,325,000 0 0 1,095,791,000 
      end of period
    		378,192,000 188,000,000 371,000,000 -88,000,000 126,000,000 68,000,000 278,000,000 -23,000,000 0 -16,000,000 309,000,000 -82,000,000 -24,000,000 -91,000,000 596,000,000 -347,000,000 342,000,000 -660,000,000 1,079,000,000 510,000,000 152,000,000 434,000,000  20,000,000 -125,000,000 966,000,000  190,000,000 94,000,000 783,000,000 -7,000,000 -105,000,000 896,000,000 86,000,000 -155,000,000 1,054,000,000 233,876,000 -3,571,000 635,120,000  -301,793,000 1,950,000 872,910,000 -535,326,000 479,715,000 766,700,000 -24,480,000 -25,366,000 639,130,000 15,109,000 -7,574,000 592,010,000 11,531,000 -266,989,000 645,466,000 113,402,000 -91,510,000 756,267,000 -119,080,000 -84,623,000 1,209,786,000 16,747,000 126,828,000 1,176,403,000 -214,339,000 167,495,000 1,076,600,000 
      equipment installment plans receivable
    		 6,000,000 38,000,000 -49,000,000 7,000,000 3,000,000 2,000,000 -40,000,000 13,000,000 6,000,000 1,000,000 -68,000,000 -106,000,000   -72,000,000 -12,000,000 -14,000,000 -18,000,000 -9,000,000 -1,000,000 23,000,000  -31,000,000 -1,000,000 -10,000,000                                          
      tax payments, net of cash receipts, for tds stock-based compensation awards
    		  -6,000,000                                                                 
      tax payments, net of cash receipts, for uscellular stock-based compensation awards
    		  -7,000,000                                                                 
      repurchase of uscellular common shares
    		  -21,000,000 -28,000,000        -15,000,000 -10,000,000 -8,000,000 -10,000,000 -10,000,000 -19,000,000 0 -2,000,000                                                 
      loss on impairment of intangible assets
    		                                                                   
      cash paid for licenses and other intangible assets
    		                                                                   
      issuance of short-term debt
    		           0 50,000,000 0 60,000,000                                                     
      repayment of short-term debt
    		       0 0 0 -60,000,000 0                                                        
      tds common shares reissued for stock-based compensation awards, net of tax payments
    		                                                                   
      uscellular common shares reissued for stock-based compensation awards, net of tax payments
    		                                                                   
      payment of debt and equity issuance costs
    		           0 0 0 -2,000,000 -3,000,000 -29,000,000 -16,000,000 -14,000,000                                                 
      tax payments for tds stock-based compensation awards
    		    0 -9,000,000 -1,000,000                                                             
      tax payments for uscellular stock-based compensation awards
    		    1,000,000                                                               
      cash paid for intangible assets
    		     -4,000,000 -11,000,000  -16,000,000 -3,000,000 -5,000,000  -18,000,000 -17,000,000 -568,000,000  -4,000,000 -3,000,000 -1,261,000,000                                                 
      advance payments for license acquisitions
    		               0          -135,000,000                                          
      issuance of tds preferred shares
    		               0 690,000,000 0 420,000,000                                                 
      tds common shares reissued for benefit plans, net of tax payments
    		       0 0 -1,000,000 -2,000,000 0 0 -2,000,000 -2,000,000 0 0 -4,000,000 -1,000,000 0 -2,000,000 -1,000,000  0 -3,000,000 -3,000,000  20,000,000 -2,000,000 9,000,000   1,000,000    1,578,000 9,618,000 213,000  85,000 451,000 -50,000                         
      uscellular common shares reissued for benefit plans, net of tax payments
    		       0 0   0 0   0 -3,000,000 -12,000,000 -1,000,000                                                 
      net decrease in cash, cash equivalents and restricted cash
    		                  -373,000,000                                                 
      (gain) loss on investments
    		                                                                   
      cash paid for acquisitions, licenses and other intangible assets
    		                                                                   
      cash received from divestitures and exchanges
    		           0 7,000,000 0 1,000,000 1,000,000 1,000,000 0 1,000,000 0    0 1,000,000 31,000,000  7,000,000 17,000,000 4,000,000 2,000,000 1,000,000 16,000,000 3,000,000 15,000,000 2,000,000 32,884,000 17,757,000 274,131,000                             
      payments to acquire additional interest in subsidiaries
    		                                                                   
      cash received from investments
    		               0 0   0    18,000,000 9,000,000 2,000,000                                          
      cash paid for investments
    		                   0 0 -1,000,000  0 -10,000,000 -1,000,000                     0 -35,000,000 -10,000,000    -48,750,000               
      u.s. cellular common shares reissued for benefit plans, net of tax payments
    		                       0 -7,000,000 -1,000,000    2,000,000   3,000,000 1,000,000 2,000,000 1,000,000 702,000 -2,057,000 487,000  320,000 514,000 316,000 5,046,000 -2,329,000 123,000 166,000 -2,822,000 357,000 491,000 -41,000 1,305,000 594,000 -342,000 486,000   356,000          
      repurchase of u.s. cellular common shares
    		                    -2,000,000 -21,000,000               -1,768,000 0 -2,302,000  -6,400,000 -6,298,000 -2,000,000 -119,000 0 -18,425,000     -44,951,000 -17,357,000 -19,097,000               
      cash flows from operating activities:
    		                                                                   
      adjustments to reconcile net income to net cash from operating activities:
    		                                                                   
      depreciation
    		                                                                   
      imputed interest on financing obligation
    		                                                                   
      benefit from uncollectible accounts
    		                                                                   
      changes in operating assets and liabilities:
    		                                                                   
      prepaid expenses and other
    		                                                                   
      accounts payable and accrued liabilities
    		                                                                   
      contract liabilities and other
    		                                                                   
      other net changes
    		                                                                   
      cash flows from investing activities:
    		                                                                   
      capital expenditures
    		                                                                   
      fixed asset transfers out
    		                                                                   
      collections on deferred purchase price and purchased receivables
    		                                                                   
      collections on beneficial interest - net
    		                                                                   
      change in due from affiliate
    		                                                                   
      cash flows from financing activities:
    		                                                                   
      repayments of financing obligation
    		                                                                   
      distributions
    		                                                                   
      change in cash
    		                                                                   
      cash - beginning of year
    		                                                                   
      cash - end of year
    		                                                                   
      noncash transactions from operating activities:
    		                                                                   
      accruals for capital expenditures
    		                                                                   
      1.
    		                                                                   
      cash paid for acquisitions and licenses
    		                       -2,000,000 -254,000,000 -1,000,000  0   0 -186,000,000 -14,000,000 0   -6,000,000 0 -280,710,000  -265,408,000 -10,427,000 -8,254,000 -266,233,000 0 -14,150,000 -45,310,000 -41,117,000 -11,096,000    0               
      noncash interest
    		                         1,000,000                                          
      deferred rent
    		                                                                   
      other liabilities
    		                                                                   
      acquisition of wireless licenses
    		                                                                   
      collection on beneficial interest - net
    		                                                                   
      change in due to affiliate
    		                                                                   
      cash paid for interest
    		                                                                   
      noncash transactions from investing activities:
    		                                                                   
      loss on impairment of goodwill
    		                                                                   
      cash received for investments
    		                           0 0 100,000,000           0 0 10,000,000 65,000,000   15,000,000 108,195,000 20,249,000 55,656,000 90,245,000 122,785,000 25,104,000 100,000 15,561,000             
      repurchase of tds preferred shares
    		                                                                   
      add (deduct) adjustments to reconcile net income to net cash flows
    		                                                                   
      from operating activities
    		                                                                   
      the accompanying notes are an integral part of these consolidated financial statements.
    		                                                                   
      federal communications commission deposit
    		                                 0                                  
      net increase in cash and cash equivalents
    		                                  -155,000,000 69,000,000 233,876,000 -3,571,000 163,219,000   1,950,000 42,896,000 -535,326,000 479,715,000 26,219,000 -24,480,000 -25,366,000 75,855,000 15,109,000 -7,574,000 223,876,000         35,340,000  126,828,000 163,078,000    
      cash and cash equivalents
    		                                                                   
      net decrease in cash and cash equivalents
    		                                                                   
      add (deduct) adjustments to reconcile net income to cash flows
    		                                                                   
      cash from additions to property, plant and equipment
    		                                    -198,599,000 -193,052,000 -166,461,000  -213,811,000 -189,017,000 -150,890,000 -247,089,000 -207,963,000 -176,318,000 -229,686,000 -258,600,000 -242,611,000                   
      add (deduct) adjustments to reconcile net income to cash flows from operating activities
    		                                                                   
      distributions to partners
    		                                                                   
      cash—beginning of year
    		                                                                   
      cash—end of year
    		                                                                   
      see notes to financial statements.
    		                                                                   
      general partner
    		                                                                   
      limited partners:
    		                                                                   
      u.s. cellular dividends paid to noncontrolling public shareholders
    		                                           0                        
      tds common shares and special common shares reissued for benefit plans, net of tax payments
    		                                           6,761,000 636,000 140,000    347,000 468,000 587,000 338,000 382,000 463,000 553,000 360,000 383,000 422,000 391,000 1,103,000       
      dividends paid
    		                                             -13,792,000 -13,320,000 -13,309,000 -13,301,000  -12,146,000 -12,197,000 -11,770,000               
      repurchase of tds common and special common shares
    		                                                  -9,897,000 -11,603,000                
      cash classified as held for sale
    		                                                                   
      tds common shares and special common shares reissued
    		                                                                   
      transfer of cash to restricted cash
    		                                                   -282,500,000                
      (gain) loss on asset disposals and exchanges
    		                                                                   
      gain on investment
    		                                                                   
      noncash interest expense
    		                                                        2,074,000 96,000 643,000 2,611,000 5,319,000 5,220,000 5,257,000 5,378,000 5,276,000 5,225,000 5,480,000 
      additions to property, plant and equipment
    		                                                  -211,248,000 -127,463,000 -168,188,000               
      repurchase of tds special common shares
    		                                                                   
      loss on asset disposals
    		                                                      5,431,000  2,496,000 2,416,000 7,100,000 6,438,000 3,652,000       
      proceeds from disposition of investments
    		                                                                   
      cash paid to settle derivative liabilities
    		                                                                   
      cash paid for short-term investments
    		                                                                   
      issuance of notes payable
    		                                                          0   0 0 25,000,000 195,000,000 140,000,000 55,000,000 
      repayment of notes payable
    		                                                                   
      repayment of variable prepaid forward contracts
    		                                                                   
      excess tax benefit from stock awards
    		                                                       1,000 1,000 3,000 126,000 568,000 1,138,000       
      loss on investments and financial instruments
    		                                                                   
      cash and cash equivalents -
    		                                                                   
      gain on investments and financial instruments
    		                                                                   
      minority share of income
    		                                                          21,771,000 18,509,000 17,018,000 15,623,000 30,213,000 17,971,000 11,092,000 11,939,000 10,250,000 
      extraordinary item, net of tax
    		                                                                   
      changes in assets and liabilities
    		                                                                   
      change in accounts receivable
    		                                                               20,262,000   9,065,000 
      change in inventory
    		                                                                   
      change in accounts payable
    		                                                                   
      change in customer deposits and deferred revenues
    		                                                          -476,000 4,141,000 6,162,000 5,291,000 6,821,000 12,648,000 5,004,000 570,000 4,349,000 
      change in accrued taxes
    		                                                          -194,962,000 154,882,000 149,349,000 69,623,000 56,833,000 54,241,000 -42,728,000 19,530,000 47,703,000 
      change in accrued interest
    		                                                            5,807,000   5,403,000   4,567,000 
      change in other assets and liabilities
    		                                                                   
      settlement of variable prepaid forward contracts
    		                                                                   
      distributions to minority partners
    		                                                                   
      add (deduct) adjustments to reconcile net income to net cash from operating activities
    		                                                                   
      (gain) loss on investments and financial instruments
    		                                                           -3,088,000 3,490,000       
      other noncash expense
    		                                                           58,000 189,000 344,000 1,840,000 336,000 3,016,000 1,726,000 1,079,000 
      cash paid for acquisitions
    		                                                                   
      proceeds from sale of investments
    		                                                           178,025,000 48,619,000       
      add (deduct) adjustments to reconcile net income to net cash from operating activities:
    		                                                                   
      extraordinary item, net of taxes
    		                                                                   
      fair value adjustment of derivative instruments
    		                                                             54,824,000      
      gain on sale of assets
    		                                                                   
      gain on investments
    		                                                                   
      changes in assets and liabilities:
    		                                                                   
      cash flows (used in) investing activities
    		                                                                   
      cash paid for acquisitions, net of cash acquired
    		                                                                   
      proceeds from sales of investments
    		                                                             81,193,000      
      proceeds from return of investment
    		                                                                   
      cash flows (used in) financing activities
    		                                                                   
      repayment of medium-term notes
    		                                                                   
      tds common shares and special common shares issued for benefit plans
    		                                                             36,750,000 67,299,000 7,040,000 0   
      excess tax benefit from exercise of stock awards
    		                                                             6,932,000      
      u.s. cellular common shares issued for benefit plans
    		                                                             2,958,000 7,958,000 5,558,000 0 -2,000 3,858,000 
      capital distributions to minority partners
    		                                                                   
      net increase/(decrease) in cash and cash equivalents
    		                                                                   
      change in materials and supplies
    		                                                               15,698,000 4,928,000 2,957,000 7,546,000 
      equity earnings of unconsolidated entities
    		                                                                   
      discontinued operations
    		                                                                   
      sales of investments
    		                                                                0   
      return of investment
    		                                                                   
      capital (distributions) to minority partners
    		                                                                   
      investment income
    		                                                                   
      stock based compensation expense
    		                                                                  7,023,000 
      acquisitions, divestitures and exchanges
    		                                                                   
      tds common share issued for benefit plans
    		                                                                  3,080,000 
      (gain) on assets held for sale
    		                                                                   
      accreted interest on repayment of u.s. cellular long-term debt
    		                                                                   
      cash received from sale of assets
    		                                                                   
      acquisitions, net of cash acquired
    		                                                                   
      repayment of u.s. cellular long-term debt
    		                                                                   
      repayment of other long-term debt
    		                                                                   
      tds common shares issued for benefit plans
    		                                                                   
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.