US Cellular 2011 Annual Report Download - page 40

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United States Cellular Corporation
Consolidated Balance Sheet—Liabilities and Equity
December 31, 2011 2010
(Dollars and shares in thousands)
Current liabilities
Current portion of long-term debt ............................... $ 127 $ 101
Accounts payable
Affiliated ................................................ 12,183 10,791
Trade .................................................. 303,779 264,090
Customer deposits and deferred revenues ......................... 181,355 146,428
Accrued taxes ............................................. 34,095 39,299
Accrued compensation ....................................... 69,551 65,952
Other current liabilities ....................................... 121,190 121,823
722,280 648,484
Liabilities held for sale ........................................ 1,051 —
Deferred liabilities and credits
Net deferred income tax liability ................................ 799,190 583,444
Other deferred liabilities and credits .............................. 248,213 234,855
Long-term debt ............................................. 880,320 867,941
Commitments and contingencies
Noncontrolling interests with redemption features ................... 1,005 855
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 84,557 shares (33,006 Series A Common and 51,551
Common Shares) and 85,547 shares (33,006 Series A Common and
52,541 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 .................................... 1,387,341 1,368,487
Treasury shares, at cost, 3,517 and 2,527 Common Shares, respectively . (152,817) (105,616)
Retained earnings ......................................... 2,297,363 2,135,507
Total U.S. Cellular shareholders’ equity ....................... 3,619,961 3,486,452
Noncontrolling interests ...................................... 55,956 53,518
Total equity .......................................... 3,675,917 3,539,970
Total liabilities and equity ..................................... $6,327,976 $5,875,549
The accompanying notes are an integral part of these consolidated financial statements.
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