US Cellular 2010 Annual Report Download - page 40

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United States Cellular Corporation
Consolidated Balance Sheet—Liabilities and Equity
December 31, 2010 2009
(Dollars and shares in thousands)
Current liabilities
Current portion of long-term debt ............................... $ 101 $ 76
Accounts payable
Affiliated ................................................ 10,791 14,732
Trade .................................................. 281,601 296,288
Customer deposits and deferred revenues ......................... 146,428 140,248
Accrued taxes ............................................. 39,299 57,507
Accrued compensation ....................................... 65,952 62,242
Other current liabilities ....................................... 121,823 92,884
665,995 663,977
Deferred liabilities and credits
Net deferred income tax liability ................................ 579,769 513,994
Other deferred liabilities and credits .............................. 284,949 262,412
Long-term debt ............................................. 867,941 867,522
Commitments and contingencies
Noncontrolling interests with redemption features ................... 855 727
Equity
U.S. Cellular shareholders’ equity
Series A Common and Common Shares
Authorized 190,000 shares (50,000 Series A Common and 140,000
Common Shares)
Issued 88,074 shares (33,006 Series A Common and 55,068 Common
Shares)
Outstanding 85,547 shares (33,006 Series A Common and 52,541
Common Shares) and 86,540 shares (33,006 Series A Common and
53,534 Common Shares), respectively
Par Value ($1 per share) ($33,006 Series A Common and $55,068
Common Shares) ...................................... 88,074 88,074
Additional paid-in capital .................................... 1,368,487 1,356,322
Treasury Shares, at cost, 2,527 and 1,534 Common Shares, respectively . (105,616) (69,616)
Retained earnings ......................................... 2,129,638 2,013,633
Total U.S. Cellular shareholders’ equity ....................... 3,480,583 3,388,413
Noncontrolling interests ...................................... 53,518 51,701
Total equity .......................................... 3,534,101 3,440,114
Total liabilities and equity ..................................... $5,933,610 $5,748,746
The accompanying notes are an integral part of these consolidated financial statements.
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