Capital Expenditures for Telephone and Data Systems (TDS)
According to Telephone and Data Systems's latest reported financial statements, the company's current capital expenditures (TTM) is $446.59M USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
Currently viewingCapital ExpendituresSwitch metric
Latest period
$446.59M
YoY change
-56.3%
5Y CAGR
-22.0%
Peak year (2022)
$1.77B
Cumulative capital expenditures
$26.80B
CapEx history chart for Telephone and Data Systems (TDS) from 1989 to 2025
CapEx history table for Telephone and Data Systems (TDS) from 1989 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $394.70M | -56.3% | ||
| 2024 | $904.00M | -32.6% | ||
| 2023 | $1.34B | -24.5% | ||
| 2022 | $1.77B | +54.2% | ||
| 2021 | $1.15B | -15.9% | ||
| 2020 | $1.37B | +42.9% | ||
| 2019 | $957.00M | +23.3% | ||
| 2018 | $776.00M | +13.3% | ||
| 2017 | $685.00M | +7.7% | ||
| 2016 | $636.00M | -20.6% | ||
| 2015 | $800.63M | +0.1% | ||
| 2014 | $799.50M | -9.5% | ||
| 2013 | $883.80M | -11.2% | ||
| 2012 | $995.52M | +2.4% | ||
| 2011 | $971.76M | +28.7% | ||
| 2010 | $755.03M | +7.8% | ||
| 2009 | $700.44M | -37.7% | ||
| 2008 | $1.12B | +60.7% | ||
| 2007 | $699.57M | -3.2% | ||
| 2006 | $722.46M | +0.3% | ||
| 2005 | $720.56M | -9.7% | ||
| 2004 | $798.25M | +2.7% | ||
| 2003 | $776.97M | -13.6% | ||
| 2002 | $899.05M | +28.4% | ||
| 2001 | $700.15M | +53.5% | ||
| 2000 | $456.02M | +5.8% | ||
| 1999 | $431.00M | -36.3% | ||
| 1998 | $676.10M | -26.1% | ||
| 1997 | $915.30M | +66.4% | ||
| 1996 | $550.20M | +63.7% | ||
| 1995 | $336.20M | +4.6% | ||
| 1994 | $321.40M | +61.8% | ||
| 1993 | $198.70M | +33.7% | ||
| 1992 | $148.60M | -2.1% | ||
| 1991 | $151.80M | +11.0% | ||
| 1990 | $136.70M | -1.4% | ||
| 1989 | $138.70M | — |
CapEx values are taken from Telephone and Data Systems's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Telephone and Data Systems (TDS) came in at $394.70M – plunged 56.3% year-over-year.
Over 2020–2025 (5 years), Telephone and Data Systems capital expenditures expanded at a -22.0% compound annual rate, with a net decline across the window.
Between 2022 and 2025, Telephone and Data Systems capital expenditures plunged 77.8%, falling from $1.77B to $394.70M.
2022 marks the peak capital expenditures at $1.77B, with the historical low of $136.70M recorded in 1990.
Within Communication Services, Telephone and Data Systems (TDS) ranks 9th among 8 peers we track. The peer median for capital expenditures is $14.38B.
Telephone and Data Systems Capital Expenditures by Year
Telephone and Data Systems Capital Expenditures 2025: $394.70M
Telephone and Data Systems capital expenditures in 2025 was $394.70M, plunged 56.3% below 2024.
Telephone and Data Systems Capital Expenditures 2024: $904.00M
Telephone and Data Systems capital expenditures in 2024 was $904.00M, plunged 32.6% below 2023.
Telephone and Data Systems Capital Expenditures 2023: $1.34B
Telephone and Data Systems capital expenditures in 2023 was $1.34B, declined 24.5% below 2022.
Telephone and Data Systems Capital Expenditures 2022: $1.77B
Telephone and Data Systems capital expenditures in 2022 was $1.77B, surged 54.2% from 2021. This figure represents the highest annual value in the available history.
Telephone and Data Systems Capital Expenditures 2021: $1.15B
Telephone and Data Systems capital expenditures in 2021 was $1.15B.
See more financial history for Telephone and Data Systems (TDS).
Sector peers — CapEx
Companies in the same sector as Telephone and Data Systems, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Alphabet Inc. (GOOGL) | $91.45B | Communication Services |
| Meta Platforms, Inc. (META) | $69.69B | Communication Services |
| AT&T Inc. (T) | $20.84B | Communication Services |
| Verizon Communications Inc. (VZ) | $17.01B | Communication Services |
| Comcast Corporation (CMCSA) | $11.75B | Communication Services |
| T-Mobile US, Inc. (TMUS) | $9.96B | Communication Services |
| The Walt Disney Company (DIS) | $8.02B | Communication Services |
| Netflix, Inc. (NFLX) | $688.22M | Communication Services |
Frequently asked questions
What is Telephone and Data Systems's capital expenditures?
- Latest reported capital expenditures for Telephone and Data Systems (TDS) is $446.59M (period ending December 31, 2025).
How has Telephone and Data Systems capital expenditures changed year-over-year?
- Telephone and Data Systems (TDS) capital expenditures changed -56.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Telephone and Data Systems capital expenditures?
- Telephone and Data Systems (TDS) capital expenditures compound annual growth rate is -22.0% over the most recent 5 years available.
When did Telephone and Data Systems capital expenditures hit its highest annual value?
- Telephone and Data Systems capital expenditures reached its highest annual value of $1.77B in 2022.
What was Telephone and Data Systems capital expenditures in 2024?
- Telephone and Data Systems (TDS) capital expenditures in 2024 was $904.00M.
What was Telephone and Data Systems capital expenditures in 2025?
- Telephone and Data Systems (TDS) capital expenditures in 2025 was $394.70M.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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