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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 10-Q/A-1
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
X QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 1996
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OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
For the transition period from _______________________ to ___________________
Commission File Number 1-8251
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TELEPHONE AND DATA SYSTEMS, INC.
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(Exact name of registrant as specified in its charter)
Iowa 36-2669023
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
30 North LaSalle Street, Chicago, Illinois 60602
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (312) 630-1900
Not Applicable
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(Former address of principal executive offices) (Zip Code)
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date.
Class Outstanding at April 30, 1996
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Common Shares, $1 par value 53,666,486 Shares
Series A Common Shares, $1 par value 6,894,053 Shares
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TELEPHONE AND DATA SYSTEMS, INC.
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Amendment No. 1
The undersigned registrant hereby amends the following item
included in its Quarterly Report on Form 10-Q for the quarter ended March 31,
1996, as set forth in the pages attached hereto:
Part I. Financial Information
Management's Discussion and Analysis of Results of
Operations and Financial Condition
The 1996 breakdown of net income and earnings per share between
operations, PCS development costs and gains from the sales of non-strategic
investments in the second full paragraph and table on page 2 is hereby amended
to read as follows:
Net income available to common for the first quarter of 1996 and 1995 included
significant gains from the sales of non-strategic cellular interests and other
investments and increased broadband PCS development costs. Excluding these gains
and PCS development costs, along with the related income taxes and minority
interest, net income available to common would have been $16.8 million, or $.28
per share, in the first quarter of 1996, compared to $14.2 million, or $.24 per
share, in the first quarter of 1995.
Three Months Ended March 31,
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1996 1995
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(Dollars in thousands,
except per share amounts)
Net Income Available to Common As Reported $ 33,267 $ 22,701
Add: Broadband PCS Development Costs 3,829 266
Less: Effects of Gains (20,308) (8,794)
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As Adjusted $ 16,788 $ 14,173
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Earnings Per Share As Reported $ .56 $ .39
Add: Broadband PCS Development Costs .06 --
Less: Effects of Gains (.34) (.15)
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As Adjusted $ .28 $ .24
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this amendment to be signed on its behalf by the
undersigned thereunto duly authorized.
TELEPHONE AND DATA SYSTEMS, INC.
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(Registrant)
Date March 6, 1997 /s/ GREGORY J. WILKINSON
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Gregory J. Wilkinson,
Vice President and Controller
(Principal Accounting Officer)
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