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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Q2.26
| 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 | — | — | +4.61% |
| Q3 2010 | 2010-09-30 | $94.2M | −$102.0M | −51.97% | +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 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.
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