Telephone & Data Systems annual net debt
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2025
Telephone & Data Systems Net Debt Growth & History (TDS)
Telephone & Data Systems's net debt was $638.5M for fiscal 2025.
View full Telephone & Data Systems company overviewTelephone & Data Systems annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $638.5M | −$2.46B | −79.43% |
| 2024 | 2024-12-31 | $3.10B | −$1.80B | −36.76% |
| 2023 | 2023-12-31 | $4.91B | $463.0M | +10.42% |
| 2022 | 2022-12-31 | $4.44B | $776.0M | +21.16% |
| 2021 | 2021-12-31 | $3.67B | $599.0M | +19.52% |
| 2020 | 2020-12-31 | $3.07B | $161.0M | +5.54% |
| 2019 | 2019-12-31 | $2.91B | $1.39B | +91.57% |
| 2018 | 2018-12-31 | $1.52B | −$320.0M | −17.41% |
| 2017 | 2017-12-31 | $1.84B | $293.0M | +18.96% |
| 2016 | 2016-12-31 | $1.54B | $76.0M | +5.17% |
| 2015 | 2015-12-31 | $1.47B | −$877,000 | −0.06% |
| 2014 | 2014-12-31 | $1.47B | $578.2M | +64.84% |
| 2013 | 2013-12-31 | $891.7M | −$90.6M | −9.22% |
| 2012 | 2012-12-31 | $982.3M | $14.2M | +1.47% |
| 2011 | 2011-12-31 | $968.1M | −$191.8M | −16.54% |
| 2010 | 2010-12-31 | $1.16B | $341.5M | +41.72% |
| 2009 | 2009-12-31 | $818.4M | — | — |
Telephone & Data Systems quarterly net debt
Q4.09
Q2.10
Q3.10
Q4.10
Q1.11
Q2.11
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Q2.23
Q3.23
Q1.24
Q2.24
Q3.24
Q4.24
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$954.5M | −$5.50B | — |
| Q1 2026 | 2026-03-31 | −$119.2M | — | — |
| Q4 2025 | 2025-12-31 | $638.5M | −$2.46B | −79.43% |
| Q3 2025 | 2025-09-30 | $473.9M | −$4.19B | −89.83% |
| Q2 2025 | 2025-06-30 | $4.54B | −$257.0M | −5.36% |
| Q4 2024 | 2024-12-31 | $3.10B | — | — |
| Q3 2024 | 2024-09-30 | $4.66B | $32.0M | +0.69% |
| Q2 2024 | 2024-06-30 | $4.80B | $131.0M | +2.81% |
| Q1 2024 | 2024-03-31 | $4.95B | $119.0M | +2.47% |
| Q3 2023 | 2023-09-30 | $4.63B | $389.0M | +9.18% |
| Q2 2023 | 2023-06-30 | $4.67B | $585.0M | +14.33% |
| Q1 2023 | 2023-03-31 | $4.83B | $713.0M | +17.34% |
| Q4 2022 | 2022-12-31 | $4.44B | $776.0M | +21.16% |
| Q3 2022 | 2022-09-30 | $4.24B | $1.07B | +33.90% |
| Q2 2022 | 2022-06-30 | $4.08B | $44.0M | +1.09% |
| Q1 2022 | 2022-03-31 | $4.11B | $89.0M | +2.21% |
| Q4 2021 | 2021-12-31 | $3.67B | $599.0M | +19.52% |
| Q3 2021 | 2021-09-30 | $3.17B | $208.0M | +7.03% |
| Q2 2021 | 2021-06-30 | $4.04B | $1.05B | +35.36% |
| Q1 2021 | 2021-03-31 | $4.02B | $1.03B | +34.40% |
| Q4 2020 | 2020-12-31 | $3.07B | $161.0M | +5.54% |
| Q3 2020 | 2020-09-30 | $2.96B | $359.0M | +13.82% |
| Q2 2020 | 2020-06-30 | $2.98B | $370.0M | +14.15% |
| Q1 2020 | 2020-03-31 | $2.99B | $500.0M | +20.05% |
| Q4 2019 | 2019-12-31 | $2.91B | $1.39B | +91.57% |
| Q3 2019 | 2019-09-30 | $2.60B | $1.24B | +91.03% |
| Q2 2019 | 2019-06-30 | $2.61B | $1.06B | +68.21% |
| Q1 2019 | 2019-03-31 | $2.49B | $842.0M | +50.97% |
| Q4 2018 | 2018-12-31 | $1.52B | −$320.0M | −17.41% |
| Q3 2018 | 2018-09-30 | $1.36B | −$299.0M | −18.02% |
| Q2 2018 | 2018-06-30 | $1.55B | −$83.0M | −5.07% |
| Q1 2018 | 2018-03-31 | $1.65B | $117.0M | +7.62% |
| Q4 2017 | 2017-12-31 | $1.84B | $293.0M | +18.96% |
| Q3 2017 | 2017-09-30 | $1.66B | $208.0M | +14.33% |
| Q2 2017 | 2017-06-30 | $1.64B | $100.0M | +6.51% |
| Q1 2017 | 2017-03-31 | $1.53B | $152.0M | +10.99% |
| Q4 2016 | 2016-12-31 | $1.54B | $76.0M | +5.17% |
| Q3 2016 | 2016-09-30 | $1.45B | $106.0M | +7.88% |
| Q2 2016 | 2016-06-30 | $1.54B | $175.6M | +12.90% |
| Q1 2016 | 2016-03-31 | $1.38B | $24.5M | +1.81% |
| Q4 2015 | 2015-12-31 | $1.47B | −$877,000 | −0.06% |
| Q3 2015 | 2015-09-30 | $1.34B | $199.4M | +17.40% |
| Q2 2015 | 2015-06-30 | $1.36B | $517.5M | +61.31% |
| Q1 2015 | 2015-03-31 | $1.36B | $511.3M | +60.36% |
| Q4 2014 | 2014-12-31 | $1.47B | $578.2M | +64.84% |
| Q3 2014 | 2014-09-30 | $1.15B | $135.6M | +13.43% |
| Q2 2014 | 2014-06-30 | $844.0M | $369.7M | +77.97% |
| Q1 2014 | 2014-03-31 | $847.1M | −$107.5M | −11.26% |
| Q4 2013 | 2013-12-31 | $891.7M | −$90.6M | −9.22% |
| Q3 2013 | 2013-09-30 | $1.01B | $70.8M | +7.53% |
| Q2 2013 | 2013-06-30 | $474.2M | −$441.8M | −48.23% |
| Q1 2013 | 2013-03-31 | $954.6M | $63.8M | +7.16% |
| Q4 2012 | 2012-12-31 | $982.3M | $14.2M | +1.47% |
| Q3 2012 | 2012-09-30 | $939.2M | −$8.5M | −0.89% |
| Q2 2012 | 2012-06-30 | $916.1M | −$43.9M | −4.57% |
| Q1 2012 | 2012-03-31 | $890.9M | −$19.9M | −2.19% |
| Q4 2011 | 2011-12-31 | $968.1M | −$191.8M | −16.54% |
| Q3 2011 | 2011-09-30 | $947.7M | −$154.3M | −14.00% |
| Q2 2011 | 2011-06-30 | $960.0M | −$154.0M | −13.83% |
| Q1 2011 | 2011-03-31 | $910.8M | — | — |
| Q4 2010 | 2010-12-31 | $1.16B | $338.0M | +41.12% |
| Q3 2010 | 2010-09-30 | $1.10B | — | — |
| Q2 2010 | 2010-06-30 | $1.11B | — | — |
| Q4 2009 | 2009-12-31 | $821.9M | — | — |
Telephone & Data Systems net debt trends
Over the last five fiscal years, Telephone & Data Systems's net debt decreased from $3.07B to $638.5M, a change of −$2.43B. The latest reported quarter, Q2 2026, shows −$954.5M.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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