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34
United States Cellular Corporation
Consolidated Statement of Changes in Equity
U.S. Cellular Shareholders
Series A Total
Common Additional U.S. Cellular
and Common Paid-In Treasury Retained Shareholders’ Noncontrolling Total
(Dollars in thousands) Shares Capital Shares Earnings Equity Interests Equity
Balance, December 31, 2009 ....................... $88,074 $1,356,322 $ (69,616) $2,015,752 $3,390,532 $ 51,701 $3,442,233
Add (Deduct)
Net income attributable to U.S. Cellular shareholders ...... — — — 136,074 136,074 — 136,074
Net income attributable to noncontrolling interests classified
as equity .................................. — — — — — 22,992 22,992
Repurchase of Common Shares .................... — — (52,827) — (52,827) — (52,827)
Incentive and compensation plans .................. — 606 16,827 (16,319) 1,114 — 1,114
Adjust investment in subsidiaries for noncontrolling interest
purchase .................................. — (4,268) — — (4,268) (1,544) (5,812)
Stock-based compensation awards .................. — 18,044 — — 18,044 — 18,044
Tax windfall (shortfall) from stock awards .............. — (2,217) — — (2,217) — (2,217)
Distributions to noncontrolling interests ............... — — — — — (19,631) (19,631)
Balance, December 31, 2010 ....................... $88,074 $1,368,487 $(105,616) $2,135,507 $3,486,452 $ 53,518 $3,539,970
The accompanying notes are an integral part of these consolidated financial statements.