US Cellular 2012 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2012 US Cellular annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 92

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92

United States Cellular Corporation
Consolidated Balance Sheet—Liabilities and Equity
December 31, 2012 2011
(Dollars and shares in thousands)
Current liabilities
Current portion of long-term debt ............................... $ 92 $ 127
Accounts payable
Affiliated ................................................ 10,725 12,183
Trade .................................................. 310,936 303,779
Customer deposits and deferred revenues ......................... 192,113 181,355
Accrued taxes ............................................. 35,834 34,095
Accrued compensation ....................................... 90,418 69,551
Other current liabilities ....................................... 114,881 121,190
754,999 722,280
Liabilities held for sale ........................................ 19,594 1,051
Deferred liabilities and credits
Net deferred income tax liability ................................ 849,818 799,190
Other deferred liabilities and credits .............................. 288,441 248,213
Long-term debt ............................................. 878,858 880,320
Commitments and contingencies
Noncontrolling interests with redemption features ................... 493 1,005
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 84,168 shares (33,006 Series A Common and 51,162
Common Shares) and 84,557 shares (33,006 Series A Common and
51,551 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 .................................... 1,412,453 1,387,341
Treasury Shares, at cost, 3,906 and 3,517 Common Shares, respectively . (165,724) (152,817)
Retained earnings ......................................... 2,399,052 2,297,363
Total U.S. Cellular shareholders’ equity ....................... 3,733,855 3,619,961
Noncontrolling interests ...................................... 61,392 55,956
Total equity ......................................... 3,795,247 3,675,917
Total liabilities and equity ..................................... $6,587,450 $6,327,976
The accompanying notes are an integral part of these consolidated financial statements.
35