Telephone & Data Systems annual free cash flow
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2025
Telephone & Data Systems Free Cash Flow (FCF) History (TDS)
Telephone & Data Systems reported $199.4M in free cash flow for fiscal 2025, a decrease of 74.46% from the previous fiscal year, with a free cash flow margin of 18.62%.
View full Telephone & Data Systems company overviewTelephone & Data Systems free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $199.4M | −$581.1M | −74.46% | +18.62% |
| 2024 | 2024-12-31 | $780.4M | $282.3M | +56.69% | +66.33% |
| 2023 | 2023-12-31 | $498.1M | $504.1M | — | +40.56% |
| 2022 | 2022-12-31 | −$6.0M | $22.0M | — | −0.11% |
| 2021 | 2021-12-31 | −$28.0M | −$222.0M | — | −0.54% |
| 2020 | 2020-12-31 | $194.0M | $135.0M | +228.81% | +3.79% |
| 2019 | 2019-12-31 | $59.0M | −$182.0M | −75.52% | +1.16% |
| 2018 | 2018-12-31 | $241.0M | $150.0M | +164.84% | +4.80% |
| 2017 | 2017-12-31 | $91.0M | −$55.0M | −37.67% | +1.80% |
| 2016 | 2016-12-31 | $146.0M | $157.0M | — | +2.83% |
| 2015 | 2015-12-31 | −$11.0M | $393.0M | — | −0.21% |
| 2014 | 2014-12-31 | −$404.0M | −$14.8M | — | −8.07% |
| 2013 | 2013-12-31 | −$389.2M | −$498.8M | — | −7.94% |
| 2012 | 2012-12-31 | $109.7M | −$174.3M | −61.38% | +2.05% |
| 2011 | 2011-12-31 | $284.0M | −$53.0M | −15.74% | +5.48% |
| 2010 | 2010-12-31 | $337.0M | −$102.6M | −23.33% | +6.76% |
| 2009 | 2009-12-31 | $439.5M | $325.6M | +285.66% | +8.76% |
| 2008 | 2008-12-31 | $114.0M | — | — | +2.24% |
Telephone & Data Systems quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$113.3M | −$448.9M | — | −44.38% |
| Q1 2026 | 2026-03-31 | −$81.6M | −$202.8M | — | −31.65% |
| Q4 2025 | 2025-12-31 | −$108.9M | −$225.4M | — | −39.58% |
| Q3 2025 | 2025-09-30 | −$148.5M | −$273.8M | — | −56.71% |
| Q2 2025 | 2025-06-30 | $335.6M | $149.6M | +80.41% | +123.98% |
| Q1 2025 | 2025-03-31 | $121.2M | $132.2M | — | +46.06% |
| Q4 2024 | 2024-12-31 | $116.5M | $161.3M | — | — |
| Q3 2024 | 2024-09-30 | $125.3M | −$6.7M | −5.07% | +42.17% |
| Q2 2024 | 2024-06-30 | $186.0M | $16.0M | +9.41% | +15.42% |
| Q1 2024 | 2024-03-31 | −$11.0M | $274.0M | — | −0.89% |
| Q4 2023 | 2023-12-31 | −$44.8M | $68.2M | — | — |
| Q3 2023 | 2023-09-30 | $132.0M | $233.0M | — | +10.59% |
| Q2 2023 | 2023-06-30 | $170.0M | $72.0M | +73.47% | +13.77% |
| Q1 2023 | 2023-03-31 | −$285.0M | −$395.0M | — | −22.41% |
| Q4 2022 | 2022-12-31 | −$113.0M | $52.0M | — | −8.53% |
| Q3 2022 | 2022-09-30 | −$101.0M | −$214.0M | — | −7.42% |
| Q2 2022 | 2022-06-30 | $98.0M | $19.0M | +24.05% | +7.42% |
| Q1 2022 | 2022-03-31 | $110.0M | $165.0M | — | +8.55% |
| Q4 2021 | 2021-12-31 | −$165.0M | −$107.0M | — | −12.28% |
| Q3 2021 | 2021-09-30 | $113.0M | $57.0M | +101.79% | +8.69% |
| Q2 2021 | 2021-06-30 | $79.0M | −$127.0M | −61.65% | +6.15% |
| Q1 2021 | 2021-03-31 | −$55.0M | −$45.0M | — | −4.26% |
| Q4 2020 | 2020-12-31 | −$58.0M | $126.0M | — | −4.29% |
| Q3 2020 | 2020-09-30 | $56.0M | $12.0M | +27.27% | +4.32% |
| Q2 2020 | 2020-06-30 | $206.0M | $179.0M | +662.96% | +16.65% |
| Q1 2020 | 2020-03-31 | −$10.0M | −$182.0M | — | −0.81% |
| Q4 2019 | 2019-12-31 | −$184.0M | −$60.0M | — | −14.04% |
| Q3 2019 | 2019-09-30 | $44.0M | −$133.0M | −75.14% | +3.41% |
| Q2 2019 | 2019-06-30 | $27.0M | −$78.0M | −74.29% | +2.18% |
| Q1 2019 | 2019-03-31 | $172.0M | $89.0M | +107.23% | +13.93% |
| Q4 2018 | 2018-12-31 | −$124.0M | $8.0M | — | −9.48% |
| Q3 2018 | 2018-09-30 | $177.0M | $70.0M | +65.42% | +13.88% |
| Q2 2018 | 2018-06-30 | $105.0M | −$1.0M | −0.94% | +8.52% |
| Q1 2018 | 2018-03-31 | $83.0M | $73.0M | +730.00% | +6.90% |
| Q4 2017 | 2017-12-31 | −$132.0M | −$66.0M | — | −10.09% |
| Q3 2017 | 2017-09-30 | $107.0M | $14.0M | +15.05% | +8.55% |
| Q2 2017 | 2017-06-30 | $106.0M | $74.0M | +231.25% | +8.50% |
| Q1 2017 | 2017-03-31 | $10.0M | −$77.0M | −88.51% | +0.81% |
| Q4 2016 | 2016-12-31 | −$66.0M | $114.0M | — | −5.11% |
| Q3 2016 | 2016-09-30 | $93.0M | $103.0M | — | +7.08% |
| Q2 2016 | 2016-06-30 | $32.0M | $42.0M | — | +2.47% |
| Q1 2016 | 2016-03-31 | $87.0M | −$102.0M | −53.97% | +6.94% |
| Q4 2015 | 2015-12-31 | −$180.0M | $166.5M | — | −13.76% |
| Q3 2015 | 2015-09-30 | −$10.0M | $23.2M | — | −0.73% |
| Q2 2015 | 2015-06-30 | −$10.0M | −$31.7M | — | −0.78% |
| Q1 2015 | 2015-03-31 | $189.0M | $235.0M | — | +15.10% |
| Q4 2014 | 2014-12-31 | −$346.5M | −$150.8M | — | −26.72% |
| Q3 2014 | 2014-09-30 | −$33.2M | $297.4M | — | −2.60% |
| Q2 2014 | 2014-06-30 | $21.7M | −$45.5M | −67.72% | +1.75% |
| Q1 2014 | 2014-03-31 | −$46.0M | −$116.0M | — | −3.84% |
| Q4 2013 | 2013-12-31 | −$195.7M | −$275.7M | — | −16.54% |
| Q3 2013 | 2013-09-30 | −$330.7M | −$354.6M | — | −28.00% |
| Q2 2013 | 2013-06-30 | $67.2M | $101.1M | — | +5.47% |
| Q1 2013 | 2013-03-31 | $70.0M | $30.4M | +76.70% | +5.35% |
| Q4 2012 | 2012-12-31 | $80.0M | $61.4M | +330.63% | +5.94% |
| Q3 2012 | 2012-09-30 | $23.9M | −$48.4M | −66.89% | +1.75% |
| Q2 2012 | 2012-06-30 | −$33.9M | −$51.9M | — | −2.56% |
| Q1 2012 | 2012-03-31 | $39.6M | −$135.5M | −77.37% | +3.04% |
| Q4 2011 | 2011-12-31 | $18.6M | −$39.8M | −68.15% | +1.41% |
| Q3 2011 | 2011-09-30 | $72.3M | −$21.9M | −23.28% | +5.46% |
| Q2 2011 | 2011-06-30 | $17.9M | −$102.4M | −85.11% | +1.40% |
| Q1 2011 | 2011-03-31 | $175.1M | $111.1M | +173.50% | +13.91% |
| Q4 2010 | 2010-12-31 | $58.3M | −$137.9M | −70.27% | +4.61% |
| Q3 2010 | 2010-09-30 | $94.2M | — | — | +7.44% |
| Q2 2010 | 2010-06-30 | $120.4M | — | — | +9.77% |
| Q1 2010 | 2010-03-31 | $64.0M | — | — | +5.24% |
| Q3 2009 | 2009-09-30 | $196.2M | — | — | +15.60% |
Telephone & Data Systems free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $194.0M to $199.4M, a compound annual growth rate of 0.55%. Telephone & Data Systems's latest reported quarter, Q2 2026, generated −$113.3M in free cash flow, a decrease of $448.9M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Telephone & Data Systems filings at SEC.gov ↗