US Cellular 2009 Annual Report Download - page 42

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United States Cellular Corporation
Consolidated Balance Sheet—Liabilities and Equity
December 31, 2009 2008
(Dollars in thousands)
Current liabilities
Current portion of long-term debt ............................... $ 76 $ 10,258
Accounts payable
Affiliated ................................................ 14,732 9,613
Trade .................................................. 296,288 248,785
Customer deposits and deferred revenues ......................... 143,760 151,082
Accrued taxes ............................................. 34,583 17,643
Accrued compensation ....................................... 62,242 55,969
Other current liabilities ....................................... 92,884 108,533
644,565 601,883
Deferred liabilities and credits
Net deferred income tax liability ................................ 513,994 478,106
Other deferred liabilities and credits .............................. 262,412 233,619
776,406 711,725
Long-term debt ............................................. 867,522 996,636
Commitments and contingencies
Noncontrolling interests with redemption features ................... 727 589
Equity
U.S. Cellular shareholders’ equity
Common Shares, par value $1 per share; authorized 140,000,000 shares;
issued 55,068,000 shares .................................. 55,068 55,068
Series A Common Shares, par value $1 per share; authorized
50,000,000 shares; issued and outstanding 33,006,000 shares ....... 33,006 33,006
Additional paid-in capital .................................... 1,356,322 1,340,146
Treasury Shares, at cost, 1,534,000 and 794,000 Common Shares,
respectively ............................................ (69,616) (50,258)
Retained earnings ......................................... 2,029,516 1,828,680
Total U.S. Cellular shareholders’ equity ........................ 3,404,296 3,206,642
Noncontrolling interests ...................................... 51,701 48,567
Total equity ............................................ 3,455,997 3,255,209
Total liabilities and equity ..................................... $5,745,217 $5,566,042
The accompanying notes are an integral part of these consolidated financial statements.
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