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As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

telephone and data systems (TDS) Key Developments

Telephone & Data Systems Inc. Declares Dividend for the First Quarter of 2014, Payable on March 31, 2014

The board of directors of Telephone and Data Systems Inc. declared a first quarter 2014 dividend of $0.134 per Common Share and Series A Common Share. Payment will be made on March 31, 2014, to shareholders of record as of March 14, 2014.

Telephone and Data Systems, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

Telephone and Data Systems Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company operating revenues of $1,183.517 million for the fourth quarter of 2013, compared to $1,346.209 million for the comparable period one year ago. Operating loss was $20.937 million against $56.361 million a year ago. Loss before income taxes was $11.524 million against $53.047 million a year ago. Net loss attributable to the company shareholders was $6.057 million or $0.06 per basic and diluted share against $41.847 million or $0.39 per basic and diluted share a year ago. Net loss available to common shareholders was $6.069 million or $0.06 per basic and diluted share against $41.859 million or $0.39 per basic and diluted share a year ago. For the year, the company operating revenues of $4,901.236 million compared to $5,345.277 million for the comparable period one year ago. Operating income was $235.359 million against $183.863 million a year ago. Income before income taxes was $292.864 million against $196.235 million a year ago. Net income attributable to the company shareholders was $141.927 million or $1.31 per basic and diluted share against $81.861 million or $0.75 per basic and diluted share a year ago. Net loss available to common shareholders was $141.878 million or $1.29 per basic and diluted share against $81.811 million or $0.75 per basic and diluted share a year ago. Cash flows from operating activities were $494.610 million against 1,105.172 million a year ago. Cash used for additions to property, plant and equipment was $883.797 million against $995.517 million a year ago. The company provided earnings guidance for the year 2014. For the year, the company’s U.S. Cellular capital expenditures for 2014 are expected to be approximately $640 million, down from $738 million in 2013. U.S. Cellular is not providing guidance for 2014 revenues and profitability at this time due to a number of factors, which involve significant uncertainty and affect U.S. Cellular's ability to estimate future results with reasonable confidence. Such factors include the unprecedented number of actions related to pricing of service plans and devices, including device financing, announced by competitors in recent weeks, for which U.S. Cellular is evaluating and determining its response; and continuing elevated churn due, at least in part, to issues arising from U.S. Cellular's billing system implementation in the second half of 2013. Although U.S. Cellular expects churn to improve over the next several months, the extent and timing of the improvement is uncertain. The company expects for full-year 2014 operating revenues to be in the range of $1,050 million to $1,100 million, adjusted income before income taxes to be in the range of $250 million to $280 million, and capital expenditures to be in the range of $200 million. Income before income taxes expected to be in the range of $25 million to $55 million. Depreciation, amortization and accretion expense expected to be in the range of $225 million.

Telephone & Data Systems Mulls Acquisitions

Telephone & Data Systems Inc. (NYSE:TDS) is seeking acquisitions. Dave Wittwer, President and Chief Executive Officer of Telephone & Data Systems said, "We will continue to pursue cable acquisitions that meet our criteria of having favorable competitive environments, attractive market demographics, and the ability to grow broadband penetration."

Telephone & Data Systems Inc., Q4 2013 Earnings Call, Feb 26, 2014

Telephone & Data Systems Inc., Q4 2013 Earnings Call, Feb 26, 2014

Telephone & Data Systems Inc. to Report Q4, 2013 Results on Feb 26, 2014

Telephone & Data Systems Inc. announced that they will report Q4, 2013 results at 10:30 AM, US Eastern Standard Time on Feb 26, 2014

 

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Company Last Change
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TDS

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Valuation TDS Industry Range
Price/Earnings 20.6x
Price/Sales 0.6x
Price/Book 0.7x
Price/Cash Flow 3.0x
TEV/Sales NM Not Meaningful
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