TELEPHONE & DATA SYSTEMS INCTDS
| Dec 31, 2010 | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
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Net income (loss) | 189 | 250 | 123 | 167 | -147 | 263 | 52 | 157 | 175 | 147 | 269 | 188 | 72 | -487 |
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Depreciation, amortization and accretion | 762 | 766 | 814 | 1,018 | 837 | 844 | 850 | 844 | 883 | 932 | 909 | 895 | 929 | 915 |
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Bad debts expense | 83 | 69 | 75 | 106 | 108 | 112 | 102 | 95 | 101 | 112 | 77 | 60 | 138 | 111 |
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Stock-based compensation expense | 35 | 37 | 42 | 30 | 36 | 40 | 42 | 46 | 54 | 59 | 53 | 49 | 42 | 41 |
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Deferred income taxes, net | 74 | 203 | 59 | -67 | 72 | 71 | 22 | -369 | 33 | 34 | 190 | 52 | 47 | 8 |
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Equity in earnings of unconsolidated entities | 98 | 83 | 93 | 133 | 132 | 140 | 140 | 137 | 160 | 168 | 181 | 182 | 159 | 159 |
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Distributions from unconsolidated entities | 101 | 92 | 85 | 128 | 112 | 60 | 93 | 136 | 153 | 162 | 189 | 180 | 145 | 150 |
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Loss on impairment of licenses | - | - | - | - | - | - | - | - | - | - | - | - | 3 | - |
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Loss on impairment of intangible assets | - | - | 1 | - | 88 | - | - | 262 | - | - | - | - | - | 547 |
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(Gain) loss on asset disposals, net | -12 | - | - | -31 | -27 | -22 | -27 | -21 | -9 | -12 | -27 | -26 | -27 | -27 |
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(Gain) loss on sale of business and other exit costs, net | - | - | -21 | 301 | 16 | 136 | 1 | 1 | - | 1 | - | 2 | 1 | - |
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(Gain) loss on license sales and exchanges, net | - | - | - | - | - | - | 20 | 22 | 18 | - | 5 | - | - | 2 |
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(Gain) loss on investments | - | - | -4 | 15 | - | - | - | - | - | - | 2 | - | - | - |
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Other operating activities | - | - | - | - | - | - | - | - | - | - | 3 | 61 | 10 | 8 |
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Accounts receivable | -79 | 95 | 81 | 294 | -18 | 120 | 23 | 61 | 39 | 49 | 16 | 22 | 69 | -2 |
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Equipment installment plans receivable | - | - | - | - | 189 | 134 | 246 | 261 | 149 | 97 | 54 | 116 | 199 | 20 |
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Inventory | 41 | 13 | 30 | 84 | 29 | -115 | -4 | -6 | 5 | 19 | -12 | 25 | 90 | -61 |
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Accounts payable | -4 | 29 | -12 | 86 | -117 | 7 | 36 | -7 | 2 | -60 | 173 | -69 | 32 | -99 |
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Customer deposits and deferred revenues | 6 | 35 | 33 | 66 | 34 | -36 | -52 | -4 | 8 | -9 | 4 | 43 | 48 | -8 |
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Accrued taxes | - | -28 | 77 | 17 | -123 | 38 | 60 | 37 | -29 | -17 | -120 | -49 | 127 | 50 |
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Other assets and liabilities | 95 | 4 | 31 | 10 | 71 | 77 | 23 | -31 | 5 | 26 | -4 | -14 | -53 | 3 |
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Net cash provided by operating activities | 1,122 | 1,256 | 1,105 | - | - | - | - | 776 | 1,017 | 1,016 | 1,532 | 1,103 | 1,155 | 1,142 |
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Cash paid for additions to property, plant and equipment | - | - | - | - | - | - | - | - | - | - | - | - | 1,161 | 1,211 |
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Cash paid for licenses and other intangible assets | 82 | 106 | 163 | 315 | 295 | 287 | 53 | 218 | 16 | 346 | 172 | 1,308 | 614 | 130 |
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Proceeds from Divestiture of Businesses | - | - | 50 | 811 | 188 | 343 | 21 | 21 | 29 | 41 | 26 | 3 | 8 | - |
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Advance payments for license acquisitions | - | - | - | - | - | - | - | - | - | - | 30 | 20 | - | - |
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Other investing activities | -0 | 1 | 13 | -12 | -7 | -7 | -3 | -1 | - | 5 | -5 | 9 | 16 | -14 |
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Net cash used in investing activities | -1,224 | -866 | -998 | - | - | - | - | -981 | -680 | -1,249 | -1,511 | -2,462 | -1,783 | -1,327 |
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Issuance of long-term debt | - | - | - | - | - | - | - | - | - | - | 1,250 | 1,543 | 1,154 | 1,081 |
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Repayment of long-term debt | 220 | 615 | 3 | 2 | - | 1 | 12 | 17 | 20 | 118 | 110 | 2,081 | 332 | 723 |
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Issuance of short-term debt | - | - | - | - | - | - | - | - | - | - | - | - | 110 | - |
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Repayment of short-term debt | - | - | - | - | - | - | - | - | - | - | - | - | 50 | 60 |
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Issuance of TDS Preferred Shares | - | - | - | - | - | - | - | - | - | - | - | 1,110 | - | - |
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TDS Common Shares reissued for benefit plans, net of tax payments | - | - | - | - | - | - | - | - | - | - | 3 | - | 4 | 3 |
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UScellular Common Shares reissued for benefit plans, net of tax payments | - | - | - | - | - | - | - | - | - | - | - | - | 5 | 6 |
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Repurchase of TDS Common Shares | 68 | 22 | 20 | 10 | 39 | - | 3 | - | - | 21 | 14 | 8 | 40 | 6 |
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Repurchase of UScellular Common Shares | 53 | 62 | 20 | 19 | 19 | 6 | 5 | - | - | - | 23 | 31 | 43 | - |
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Dividends paid to TDS shareholders | - | - | - | - | - | - | - | 69 | 72 | 75 | 78 | 119 | 151 | 153 |
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Payment of debt and equity issuance costs | - | - | - | - | - | - | - | - | - | - | - | 62 | 2 | 5 |
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Distributions to noncontrolling interests | - | - | - | - | - | - | - | - | - | - | - | - | 3 | 3 |
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Payments to acquire additional interest in subsidiaries | 9 | - | 3 | 5 | - | 4 | - | - | - | - | 11 | - | - | - |
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Cash paid for software license agreements | - | - | - | - | - | - | - | - | - | - | - | - | 23 | 66 |
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Other financing activities | 2 | 4 | 6 | 9 | 10 | 12 | 14 | 11 | 6 | 13 | - | -7 | 2 | - |
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Net cash provided by financing activities | -201 | -168 | 70 | - | - | - | - | -77 | -32 | -220 | 957 | 321 | 613 | 56 |
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Net decrease in cash, cash equivalents and restricted cash | - | - | - | - | - | - | - | -282 | 305 | -453 | 978 | -1,038 | -15 | -129 |
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