Telephone and Data Systems Inc (TDS) - Net Assets
Based on the latest financial reports, Telephone and Data Systems Inc (TDS) has net assets worth $5.28 Billion USD as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($8.53 Billion) and total liabilities ($3.25 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TDS financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $5.28 Billion |
| % of Total Assets | 61.94% |
| Annual Growth Rate | 11.41% |
| 5-Year Change | 5.02% |
| 10-Year Change | 25.05% |
| Growth Volatility | 22.2 |
Telephone and Data Systems Inc - Net Assets Trend (1985–2024)
This chart illustrates how Telephone and Data Systems Inc's net assets have evolved over time, based on quarterly financial data. Also explore TDS total assets for the complete picture of this company's asset base.
Annual Net Assets for Telephone and Data Systems Inc (1985–2024)
The table below shows the annual net assets of Telephone and Data Systems Inc from 1985 to 2024. For live valuation and market cap data, see TDS market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $5.88 Billion | -2.06% |
| 2023-12-31 | $6.01 Billion | -9.18% |
| 2022-12-31 | $6.62 Billion | -1.93% |
| 2021-12-31 | $6.75 Billion | +20.38% |
| 2020-12-31 | $5.60 Billion | +3.47% |
| 2019-12-31 | $5.42 Billion | +2.09% |
| 2018-12-31 | $5.30 Billion | +8.40% |
| 2017-12-31 | $4.89 Billion | +2.99% |
| 2016-12-31 | $4.75 Billion | +0.97% |
| 2015-12-31 | $4.71 Billion | +5.59% |
| 2014-12-31 | $4.46 Billion | -4.59% |
| 2013-12-31 | $4.67 Billion | +0.30% |
| 2012-12-31 | $4.66 Billion | +1.18% |
| 2011-12-31 | $4.60 Billion | +3.18% |
| 2010-12-31 | $4.46 Billion | +0.40% |
| 2009-12-31 | $4.44 Billion | +0.57% |
| 2008-12-31 | $4.42 Billion | -3.49% |
| 2007-12-31 | $4.58 Billion | +9.51% |
| 2006-12-31 | $4.18 Billion | +7.09% |
| 2005-12-31 | $3.90 Billion | +5.78% |
| 2004-12-31 | $3.69 Billion | +2.15% |
| 2003-12-31 | $3.61 Billion | +1.98% |
| 2002-12-31 | $3.54 Billion | -11.14% |
| 2001-12-31 | $3.99 Billion | -8.88% |
| 2000-12-31 | $4.38 Billion | +45.75% |
| 1999-12-31 | $3.00 Billion | -0.08% |
| 1998-12-31 | $3.00 Billion | +17.08% |
| 1997-12-31 | $2.57 Billion | +2.86% |
| 1996-12-31 | $2.49 Billion | +22.03% |
| 1995-12-31 | $2.04 Billion | +14.31% |
| 1994-12-31 | $1.79 Billion | +20.00% |
| 1993-12-31 | $1.49 Billion | +41.70% |
| 1992-12-31 | $1.05 Billion | +31.31% |
| 1991-12-31 | $800.90 Million | +65.41% |
| 1990-12-31 | $484.20 Million | +22.46% |
| 1989-12-31 | $395.40 Million | +104.24% |
| 1988-12-31 | $193.60 Million | +42.04% |
| 1987-12-31 | $136.30 Million | +30.18% |
| 1986-12-31 | $104.70 Million | +20.21% |
| 1985-12-31 | $87.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Telephone and Data Systems Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 6697.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $1.85 Billion | 36.32% |
| Common Stock | $1.00 Million | 0.02% |
| Other Comprehensive Income | $18.00 Million | 0.35% |
| Other Components | $3.22 Billion | 63.31% |
| Total Equity | $5.09 Billion | 100.00% |
Telephone and Data Systems Inc Competitors by Market Cap
The table below lists competitors of Telephone and Data Systems Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Farsoon Technology Co. Ltd. A
SHG:688433
|
$4.81 Billion |
|
INTERCORP FIN.SERV. O.N.
F:9IFA
|
$4.82 Billion |
|
Grupo Simec S.A.B. de C.V
MX:SIMECB
|
$4.82 Billion |
|
Arkema SA
PA:AKE
|
$4.83 Billion |
|
Mirion Technologies Inc
NYSE:MIR
|
$4.80 Billion |
|
Bayerische Motoren Werke Aktiengesellschaft
XETRA:BMW3
|
$4.80 Billion |
|
Umicore S.A.
BR:UMI
|
$4.80 Billion |
|
Murphy Oil Corporation
NYSE:MUR
|
$4.80 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Telephone and Data Systems Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,202,000,000 to 5,091,000,000, a change of -111,000,000 (-2.1%).
- Net loss of 28,000,000 reduced equity.
- Dividend payments of 104,000,000 reduced retained earnings.
- Share repurchases of 54,000,000 reduced equity.
- Other comprehensive income increased equity by 7,000,000.
- Other factors increased equity by 68,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-28.00 Million | -0.55% |
| Dividends Paid | $104.00 Million | -2.04% |
| Share Repurchases | $54.00 Million | -1.06% |
| Other Comprehensive Income | $7.00 Million | +0.14% |
| Other Changes | $68.00 Million | +1.34% |
| Total Change | $- | -2.13% |
Book Value vs Market Value Analysis
This analysis compares Telephone and Data Systems Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 25.69x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-12-31 | $1.77 | $45.48 | x |
| 1986-12-31 | $2.27 | $45.48 | x |
| 1987-12-31 | $2.81 | $45.48 | x |
| 1988-12-31 | $3.68 | $45.48 | x |
| 1989-12-31 | $6.06 | $45.48 | x |
| 1990-12-31 | $6.84 | $45.48 | x |
| 1991-12-31 | $9.61 | $45.48 | x |
| 1992-12-31 | $10.64 | $45.48 | x |
| 1993-12-31 | $12.39 | $45.48 | x |
| 1994-12-31 | $12.74 | $45.48 | x |
| 1995-12-31 | $13.53 | $45.48 | x |
| 1996-12-31 | $15.57 | $45.48 | x |
| 1997-12-31 | $16.33 | $45.48 | x |
| 1998-12-31 | $15.57 | $45.48 | x |
| 1999-12-31 | $23.54 | $45.48 | x |
| 2000-12-31 | $29.92 | $45.48 | x |
| 2001-12-31 | $27.59 | $45.48 | x |
| 2002-12-31 | $23.94 | $45.48 | x |
| 2003-12-31 | $24.74 | $45.48 | x |
| 2004-12-31 | $25.50 | $45.48 | x |
| 2005-12-31 | $26.55 | $45.48 | x |
| 2006-12-31 | $28.11 | $45.48 | x |
| 2007-12-31 | $30.32 | $45.48 | x |
| 2008-12-31 | $29.82 | $45.48 | x |
| 2009-12-31 | $31.72 | $45.48 | x |
| 2010-12-31 | $33.26 | $45.48 | x |
| 2011-12-31 | $33.42 | $45.48 | x |
| 2012-12-31 | $36.83 | $45.48 | x |
| 2013-12-31 | $37.74 | $45.48 | x |
| 2014-12-31 | $36.20 | $45.48 | x |
| 2015-12-31 | $37.54 | $45.48 | x |
| 2016-12-31 | $37.34 | $45.48 | x |
| 2017-12-31 | $38.12 | $45.48 | x |
| 2018-12-31 | $40.00 | $45.48 | x |
| 2019-12-31 | $40.11 | $45.48 | x |
| 2020-12-31 | $41.77 | $45.48 | x |
| 2021-12-31 | $51.09 | $45.48 | x |
| 2022-12-31 | $51.31 | $45.48 | x |
| 2023-12-31 | $46.04 | $45.48 | x |
| 2024-12-31 | $44.66 | $45.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Telephone and Data Systems Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -0.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.56%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 2.69x
- Recent ROE (-0.55%) is below the historical average (4.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 9.87% | 7.22% | 0.29x | 4.67x | $-110.00K |
| 1986 | 13.85% | 9.35% | 0.35x | 4.18x | $4.03 Million |
| 1987 | 9.17% | 7.16% | 0.35x | 3.67x | $-1.13 Million |
| 1988 | 5.84% | 5.76% | 0.33x | 3.09x | $-8.06 Million |
| 1989 | 3.01% | 4.63% | 0.31x | 2.09x | $-25.79 Million |
| 1990 | 6.05% | 9.23% | 0.31x | 2.09x | $-17.77 Million |
| 1991 | 3.07% | 5.96% | 0.26x | 1.99x | $-47.58 Million |
| 1992 | 3.35% | 6.75% | 0.27x | 1.85x | $-61.08 Million |
| 1993 | 2.68% | 5.74% | 0.26x | 1.78x | $-92.78 Million |
| 1994 | 3.94% | 8.18% | 0.26x | 1.84x | $-91.80 Million |
| 1995 | 6.06% | 10.90% | 0.28x | 2.02x | $-67.57 Million |
| 1996 | 6.21% | 10.55% | 0.29x | 2.04x | $-78.12 Million |
| 1997 | -0.44% | -0.65% | 0.30x | 2.31x | $-224.43 Million |
| 1998 | 2.51% | 3.57% | 0.33x | 2.16x | $-191.99 Million |
| 1999 | 9.23% | 11.72% | 0.37x | 2.16x | $-19.21 Million |
| 2000 | 56.72% | 96.14% | 0.27x | 2.19x | $1.84 Billion |
| 2001 | -5.63% | -7.65% | 0.32x | 2.29x | $-549.95 Million |
| 2002 | -32.25% | -32.97% | 0.31x | 3.15x | $-1.29 Billion |
| 2003 | 1.98% | 1.78% | 0.34x | 3.28x | $-248.93 Million |
| 2004 | 1.54% | 1.32% | 0.34x | 3.45x | $-270.07 Million |
| 2005 | 6.64% | 5.62% | 0.38x | 3.11x | $-112.52 Million |
| 2006 | 4.53% | 3.71% | 0.41x | 2.97x | $-195.28 Million |
| 2007 | 9.83% | 8.00% | 0.49x | 2.52x | $-6.52 Million |
| 2008 | 2.48% | 1.84% | 0.67x | 2.03x | $-283.29 Million |
| 2009 | 5.13% | 3.86% | 0.66x | 2.01x | $-183.91 Million |
| 2010 | 3.77% | 2.88% | 0.64x | 2.03x | $-237.62 Million |
| 2011 | 5.06% | 3.87% | 0.63x | 2.07x | $-195.73 Million |
| 2012 | 2.04% | 1.53% | 0.62x | 2.15x | $-319.38 Million |
| 2013 | 3.45% | 2.90% | 0.55x | 2.16x | $-269.94 Million |
| 2014 | -3.47% | -2.72% | 0.56x | 2.27x | $-529.07 Million |
| 2015 | 5.31% | 4.23% | 0.55x | 2.28x | $-193.60 Million |
| 2016 | 1.04% | 0.84% | 0.54x | 2.28x | $-371.50 Million |
| 2017 | 3.58% | 3.03% | 0.54x | 2.18x | $-273.90 Million |
| 2018 | 2.96% | 2.64% | 0.52x | 2.15x | $-321.00 Million |
| 2019 | 2.60% | 2.34% | 0.48x | 2.32x | $-344.30 Million |
| 2020 | 4.70% | 4.33% | 0.42x | 2.61x | $-254.40 Million |
| 2021 | 2.63% | 2.93% | 0.39x | 2.28x | $-436.70 Million |
| 2022 | 1.06% | 1.15% | 0.37x | 2.49x | $-522.90 Million |
| 2023 | -9.61% | -9.69% | 0.37x | 2.68x | $-1.02 Billion |
| 2024 | -0.55% | -0.56% | 0.36x | 2.69x | $-537.10 Million |
Industry Comparison
This section compares Telephone and Data Systems Inc's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $84,013,623,558
- Average return on equity (ROE) among peers: 6.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Telephone and Data Systems Inc (TDS) | $5.28 Billion | 9.87% | 0.61x | $4.80 Billion |
| Array Digital Infrastructure, Inc. (AD) | $2.57 Billion | 11.30% | 0.92x | $2.63 Billion |
| America Movil SAB de CV ADR (AMX) | $428.37 Billion | 18.13% | 3.21x | $71.77 Billion |
| Anterix Inc (ATEX) | $-4.21 Million | 0.00% | 0.00x | $703.61 Million |
| ATN International Inc (ATNI) | $808.72 Million | 1.55% | 0.48x | $365.41 Million |
| Altice USA Inc (ATUS) | $-5.03 Billion | 0.00% | 0.00x | $502.28 Million |
| Cable One Inc (CABO) | $1.74 Billion | 12.27% | 2.96x | $425.47 Million |
| Cogent Communications Group Inc (CCOI) | $-149.00 Million | 0.00% | 0.00x | $1.14 Billion |
| Chunghwa Telecom Co Ltd (CHT) | $373.04 Billion | 12.62% | 0.19x | $33.47 Billion |
| Charter Communications Inc (CHTR) | $38.81 Billion | 4.30% | 2.82x | $21.41 Billion |
| Comcast Corp (CMCSA) | $-21.70 Million | 0.00% | 0.00x | $97.57 Billion |
About Telephone and Data Systems Inc
Telephone and Data Systems, Inc., a telecommunications company, provides communications services to consumer, business, and government in the United States. It operates through three segments: UScellular Wireless, UScellular Towers, and TDS Telecom. The company offers wireless solutions, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and c… Read more