US Cellular 2009 Annual Report Download - page 88

United States Cellular Corporation
FIVE-YEAR STATISTICAL SUMMARY
At or Year Ended December 31, 2009 2008 2007 2006 2005
(Dollars in thousands, except per share and
per customer amounts)
Market and customer statistics
Total customers .................. 6,141,000 6,196,000 6,102,000 5,815,000 5,482,000
Postpay customers ................ 5,482,000 5,420,000 5,269,000 4,912,000 4,633,000
Total population(a)
Consolidated markets ............ 89,712,000 83,014,000 82,371,000 55,543,000 45,244,000
Consolidated operating markets ..... 46,306,000 46,009,000 44,955,000 44,043,000 43,362,000
Market penetration(b)
Consolidated markets ............ 6.8% 7.5% 7.4% 10.5% 12.1%
Consolidated operating markets ..... 13.3% 13.5% 13.6% 13.2% 12.6%
Net customer additions (losses) ....... (55,000) 91,000 281,000 310,000 477,000
Postpay churn rate(c) .............. 1.6% 1.5% 1.4% 1.6% 1.6%
Average monthly service revenue per
customer(d) ................... $ 53.00 $ 53.23 $ 51.17 $ 47.23 $ 45.24
Operating statistics
Cell sites in service ................ 7,279 6,877 6,383 5,925 5,428
Capital expenditures and system
development costs .............. $ 546,758 $ 585,590 $ 565,495 $ 579,785 $ 576,525
Number of full-time equivalent
employees(e) .................. 8,867 8,712 8,067 7,813 7,346
Operating income ................. $ 326,407 $ 27,710 $ 396,199 $ 289,896 $ 231,197
Operating income as a percent of service
revenues ..................... 8.3% 0.7% 10.8% 9.0% 8.2%
Balance sheet information
Property, plant and equipment before
accumulated depreciation .......... $ 5,884,307 $ 5,884,383 $ 5,409,115 $ 5,120,994 $ 4,615,234
Investment in licenses and goodwill .... 1,929,737 1,927,694 1,973,762 1,979,779 1,843,499
Total assets ..................... 5,745,217 5,566,042 5,611,874 5,680,616 5,416,233
Long-term debt outstanding (includes
forward contracts) ............... 867,522 996,636 1,002,293 1,196,695 1,296,241
Common Shares outstanding (000s) .... 53,534 54,274 54,590 54,716 54,083
Series A Common Shares outstanding
(000s) ....................... 33,006 33,006 33,006 33,006 33,006
Total U.S. Cellular shareholders’ equity . . $ 3,404,296 $ 3,206,642 $ 3,196,156 $ 2,993,279 $ 2,741,038
Return on average equity(f) .......... 6.5% 1.0% 10.2% 6.3% 5.8%
(a) Calculated using Claritas population estimates for the preceding year. ‘‘Consolidated markets’’ represents 100%
of the population of the markets that U.S. Cellular consolidates. ‘‘Consolidated operating markets’’ are markets
that U.S. Cellular consolidates and in which wireless services are provided to customers as of December 31 of
each year. This population measurement is used only for purposes of calculating market penetration (without
duplication of population in overlapping markets).
(b) Calculated by dividing ‘‘Customers’’ by ‘‘Total population of consolidated markets’’ or ‘‘Total population of
consolidated operating markets.’’
(c) Represents the percentage of the postpay customer base that disconnects service each month.
(d) The numerator of this calculation consists of service revenues for the respective 12-month period divided by 12.
The denominator consists of the average number of U.S. Cellular wireless customers.
(e) Part-time employees are calculated at 70% of full-time employees.
(f) Calculated by dividing Net income attributable to U.S. Cellular shareholders by the average of the beginning
and ending Total U.S. Cellular shareholders’ equity. These amounts are taken from the Consolidated Statement
of Operations and Consolidated Balance Sheet. The result is shown as a percentage.
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