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UNITED STATES CELLULAR CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE 9 INVESTMENTS IN UNCONSOLIDATED ENTITIES
Investments in unconsolidated entities consist of amounts invested in wireless entities which are
accounted for using either the equity or cost method as shown in the following table:
December 31, 2010 2009
(Dollars in thousands)
Equity method investments:
Capital contributions, loans and advances .............. $ 21,714 $ 21,120
Goodwill ...................................... 1,171 1,171
Cumulative share of income ........................ 857,533 768,005
Cumulative share of distributions .................... (721,182) (630,426)
159,236 159,870
Cost method investments ........................... 1,611 1,611
Total investments in unconsolidated entities .............. $160,847 $ 161,481
Equity in earnings of unconsolidated entities totaled $97.3 million, $96.8 million and $92.0 million in
2010, 2009 and 2008, respectively; of those amounts, U.S. Cellular’s investment in the Los Angeles
SMSA Limited Partnership (‘‘LA Partnership’’) contributed $64.8 million, $64.7 million and $66.1 million in
2010, 2009 and 2008, respectively. U.S. Cellular held a 5.5% ownership interest in the LA Partnership
throughout and at the end of each of these years.
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, 2010 2009
(Dollars in thousands)
Assets
Current ........................................ $ 411,000 $ 418,000
Due from affiliates ................................ 377,000 468,000
Property and other ................................ 1,962,000 1,869,000
$2,750,000 $2,755,000
Liabilities and Equity
Current liabilities .................................. $ 277,000 $ 249,000
Deferred credits .................................. 70,000 68,000
Long-term liabilities ................................ 25,000 26,000
Long-term capital lease obligations .................... 44,000 43,000
Partners’ capital and shareholders’ equity ............... 2,334,000 2,369,000
$2,750,000 $2,755,000
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