US Cellular 2009 Annual Report Download - page 69

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UNITED STATES CELLULAR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 10 INVESTMENTS IN UNCONSOLIDATED ENTITIES (Continued)
The following tables, which are based on information provided in part by third parties, summarize the
combined assets, liabilities and equity, and the combined results of operations of U.S. Cellular’s equity
method investments:
December 31, 2009 2008
(Dollars in thousands)
Assets
Current ........................................ $ 418,000 $ 396,000
Due from affiliates ................................ 468,000 417,000
Property and other ................................ 1,869,000 1,935,000
$2,755,000 $2,748,000
Liabilities and Equity
Current liabilities .................................. $ 249,000 $ 240,000
Deferred credits .................................. 68,000 74,000
Long-term liabilities ................................ 26,000 28,000
Long-term capital lease obligations .................... 43,000 50,000
Partners’ capital and shareholders’ equity ............... 2,369,000 2,356,000
$2,755,000 $2,748,000
Year Ended December 31, 2009 2008 2007
(Dollars in thousands)
Results of Operations
Revenues ...................................... $4,793,000 $4,764,000 $4,498,000
Operating expenses ............................... 3,418,000 3,358,000 3,076,000
Operating income ................................. 1,375,000 1,406,000 1,422,000
Other income, net ................................ 43,000 27,000 32,000
Net income ..................................... $1,418,000 $1,433,000 $1,454,000
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