US Cellular 2012 Annual Report Download - page 66

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United States Cellular Corporation
Notes to the Consolidated Financial Statements (Continued)
NOTE 7 ACQUISITIONS, DIVESTITURES AND EXCHANGES (Continued)
U.S. Cellular acquisitions in 2012 and 2011 and the allocation of the purchase price for these
acquisitions were as follows:
Allocation of Purchase Price
Intangible Net
Assets Tangible
Purchase Subject to Assets
Price(1) Goodwill Licenses Amortization(2) (Liabilities)
(Dollars in thousands)
2012
Licenses ........................ $122,690 $— $122,690 $ — $ —
2011
Licenses ........................ $ 4,406 $— $ 4,406 $ — $ —
Business(3)(4) .................... 24,572 — 15,592 2,252 6,728
Total .......................... $ 28,978 $— $ 19,998 $2,252 $6,728
(1) Cash amounts paid for acquisitions may differ from the purchase price due to cash acquired in the
transactions and the timing of cash payments related to the respective transactions.
(2) Intangible assets subject to amortization acquired in 2011 are classified as Assets held for sale and
as a result are not amortized.
(3) Includes only the acquired interest and does not include amounts attributable to U.S. Cellular’s
pre-existing noncontrolling interest described above in this Note 7.
(4) Licenses, Intangible assets subject to amortization and a portion of Net tangible assets (liabilities)
are included in amounts reported as Assets held for sale in the Consolidated Balance Sheet as of
December 31, 2011.
At December 31, 2012 and 2011, the following assets and liabilities were classified in the Consolidated
Balance Sheet as ‘‘Assets held for sale’’ and ‘‘Liabilities held for sale’’:
Total
Other Property, Assets Liabilities
Current Intangible Plant and Held for Held for
Assets Licenses Goodwill Assets Equipment Sale Sale(1)
(Dollars in thousands)
2012
Divestiture Transaction ........... $ — $140,599 $72,994 $ — $ — $213,593 $19,594
Bolingbrook Customer Care Center(2) — — — — 3,170 3,170 —
Total ....................... $ — $140,599 $72,994 $ — $3,170 $216,763 $19,594
2011
U.S. Cellular wireless market ....... $4,179 $ 31,920 $ — $4,611 $8,937 $ 49,647 $ 1,051
(1) Liabilities held for sale primarily consisted of Current liabilities in 2011 and Customer deposits and
deferred revenues in 2012.
(2) Effective January 1, 2013, U.S. Cellular transferred its Bolingbrook Customer Care Center operations
to an existing third party vendor.
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