Telephone and Data Systems Inc (TDS) — Capital Reinvestment Ratio
Telephone and Data Systems Inc (TDS) has a Capital Reinvestment Ratio of 2.04x as of June 2026, meaning it reinvests 2% of its operating cash flow ($82.97 Million) in capital expenditures ($168.88 Million). Check tangible net worth ratio of Telephone and Data Systems Inc to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Telephone and Data Systems Inc Capital Reinvestment Ratio (1989–2025)
This chart tracks Telephone and Data Systems Inc's Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see cash efficiency ratio of Telephone and Data Systems Inc.
Annual Capital Reinvestment Ratio for Telephone and Data Systems Inc (1989–2025)
Year-by-year Capital Reinvestment Ratio for Telephone and Data Systems Inc from 1989 to 2025. See TDS FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2025 | 0.67x | $589.89 Million | $394.70 Million | ▼ -15.3% |
| 2024 | 0.79x | $1.15 Billion | $904.00 Million | ▼ -32.8% |
| 2023 | 1.17x | $1.14 Billion | $1.34 Billion | ▼ -23.6% |
| 2022 | 1.54x | $1.16 Billion | $1.77 Billion | ▲ +47.3% |
| 2021 | 1.04x | $1.10 Billion | $1.15 Billion | ▲ +16.9% |
| 2020 | 0.89x | $1.53 Billion | $1.37 Billion | ▼ -5.2% |
| 2019 | 0.94x | $1.02 Billion | $957.00 Million | ▲ +23.4% |
| 2018 | 0.76x | $1.02 Billion | $776.00 Million | ▼ -13.6% |
| 2017 | 0.88x | $776.00 Million | $685.00 Million | ▲ +8.5% |
| 2016 | 0.81x | $782.00 Million | $636.00 Million | ▼ -19.8% |
| 2015 | 1.01x | $789.69 Million | $800.63 Million | ▼ -49.9% |
| 2014 | 2.03x | $394.81 Million | $799.50 Million | ▲ +13.3% |
| 2013 | 1.79x | $494.61 Million | $883.80 Million | ▲ +98.4% |
| 2012 | 0.90x | $1.11 Billion | $995.52 Million | ▲ +16.4% |
| 2011 | 0.77x | $1.26 Billion | $971.76 Million | ▲ +15.0% |
| 2010 | 0.67x | $1.12 Billion | $755.03 Million | ▲ +5.9% |
| 2009 | 0.64x | $1.10 Billion | $700.44 Million | ▼ -52.0% |
| 2008 | 1.32x | $848.89 Million | $1.12 Billion | ▲ +78.1% |
| 2007 | 0.74x | $941.03 Million | $699.57 Million | ▼ -8.7% |
| 2006 | 0.81x | $887.16 Million | $722.46 Million | ▼ -0.5% |
| 2005 | 0.82x | $880.22 Million | $720.56 Million | ▼ -23.4% |
| 2004 | 1.07x | $747.39 Million | $798.25 Million | ▲ +26.5% |
| 2003 | 0.84x | $920.41 Million | $776.97 Million | ▼ -25.5% |
| 2002 | 1.13x | $793.64 Million | $899.05 Million | ▼ -11.7% |
| 2001 | 1.28x | $545.80 Million | $700.15 Million | ▲ +110.7% |
| 2000 | 0.61x | $748.86 Million | $456.02 Million | ▼ -11.9% |
| 1999 | 0.69x | $623.70 Million | $431.00 Million | ▼ -63.6% |
| 1998 | 1.90x | $356.20 Million | $676.10 Million | ▼ -57.2% |
| 1997 | 4.43x | $206.50 Million | $915.30 Million | ▲ +137.7% |
| 1996 | 1.87x | $295.00 Million | $550.20 Million | ▲ +17.4% |
| 1995 | 1.59x | $211.60 Million | $336.20 Million | ▲ +11.1% |
| 1994 | 1.43x | $224.70 Million | $321.40 Million | ▲ +15.3% |
| 1993 | 1.24x | $160.20 Million | $198.70 Million | ▼ -3.7% |
| 1992 | 1.29x | $115.40 Million | $148.60 Million | ▼ -34.0% |
| 1991 | 1.95x | $77.80 Million | $151.80 Million | ▲ +32.2% |
| 1990 | 1.48x | $92.60 Million | $136.70 Million | ▼ -33.1% |
| 1989 | 2.21x | $62.90 Million | $138.70 Million | — |