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Jun 30, 2020
TDS Q2 2020 Earnings Report
TDS reported Q2 2020 results, with revenue slightly increasing and earnings per share significantly increasing compared to the same period last year.
Key Takeaways
TDS reported total operating revenues of $1,263 million for the second quarter of 2020, compared to $1,261 million for the same period one year ago. Net income attributable to TDS shareholders was $65 million, and diluted earnings per share were $0.56 for the second quarter of 2020, compared to $33 million and $0.28, respectively, in the same period one year ago.
TDS Enterprise remained strong despite COVID-19 challenges.
U.S. Cellular and TDS Telecom provided essential communication and data services.
U.S. Cellular increased smartphone connections due to low churn.
TDS Telecom successfully met demand for higher data speeds and increased network capacity.
TDS
TDS
TDS Revenue by Segment
Revenue by Segment
Array (formerly UScellular) Revenue
CapyFin.comTDS Telecom Revenue
CapyFin.comAll Other Revenue
CapyFin.com Forward Guidance
TDS provided its current estimates of full-year 2020 results for U.S. Cellular and TDS Telecom, representing management's view as of August 6, 2020.
Positive Outlook
- U.S. Cellular service revenues are expected to be between $3,000 million and $3,100 million.
- U.S. Cellular adjusted OIBDA is expected to be between $725 million and $850 million.
- U.S. Cellular adjusted EBITDA is expected to be between $900 million and $1,025 million.
- U.S. Cellular capital expenditures are expected to be between $850 million and $950 million.
- TDS Telecom total operating revenues are expected to be between $950 million and $1,000 million.
Challenges Ahead
- TDS Telecom adjusted OIBDA is expected to be between $280 million and $310 million.
- TDS Telecom adjusted EBITDA is expected to be between $290 million and $320 million.
- TDS Telecom capital expenditures are expected to be between $300 million and $350 million.
- Final results could differ materially from estimated results due to the uncertainty created by the COVID-19 pandemic.
- TDS undertakes no duty to update such estimates as a result of new information or future events.
Revenue & Expenses
Visualization of income flow from segment revenue to net income