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United States Cellular Corporation
Notes to the Consolidated Financial Statements (Continued)
NOTE 8 INTANGIBLE ASSETS
Changes in U.S. Cellular’s Licenses and Goodwill are presented below. See Note 7—Acquisitions,
Divestitures and Exchanges for information regarding transactions which affected Licenses and Goodwill
during the periods.
Licenses
Year Ended December 31, 2012 2011
(Dollars in thousands)
Balance, beginning of year ......................... $1,470,769 $1,452,101
Acquisitions(1) .................................. 122,690 4,406
Exchanges .................................... — 11,842
Transferred to Assets held for sale ................... (140,599) —
Other ........................................ 3,934 2,420
Balance, end of year ............................. $1,456,794 $1,470,769
Goodwill
Year Ended December 31, 2012 2011
(Dollars in thousands)
Assigned value at time of acquisition .................... $494,737 $494,737
Accumulated impairment losses in prior periods .......... — —
Balance, beginning of year ........................... 494,737 494,737
Acquisitions ..................................... — —
Transferred to Assets held for sale .................... (72,994) —
Balance, end of year ................................ $421,743 $494,737
(1) Does not include amounts reported as Assets held for sale in the Consolidated Balance
Sheet as of December 31, 2011.
See Note 1—Summary of Significant Accounting Policies and Recent Accounting Pronouncements for a
description of accounting policies related to Licenses and Goodwill.
NOTE 9 INVESTMENTS IN UNCONSOLIDATED ENTITIES
Investments in unconsolidated entities consist of amounts invested in wireless entities in which U.S.
Cellular holds a noncontrolling interest. These investments are accounted for using either the equity or
cost method as shown in the following table:
December 31, 2012 2011
(Dollars in thousands)
Equity method investments:
Capital contributions, loans and advances ............. $ 10,323 $ 13,787
Cumulative share of income ....................... 1,017,449 928,019
Cumulative share of distributions .................... (884,852) (805,321)
142,920 136,485
Cost method investments .......................... 1,611 1,611
Total investments in unconsolidated entities ............. $ 144,531 $ 138,096
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