US Cellular 2012 Annual Report Download - page 8

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Exhibit 13
United States Cellular Corporation and Subsidiaries
Financial Reports Contents
Management’s Discussion and Analysis of Results of Operations and Financial Condition ....... 1
Overview .................................................................. 1
Divestiture Transaction ........................................................ 4
2013 Estimates ............................................................. 7
Results of Operations ........................................................ 9
Inflation ................................................................... 15
Recent Accounting Pronouncements .............................................. 15
Financial Resources .......................................................... 15
Liquidity and Capital Resources ................................................. 19
Application of Critical Accounting Policies and Estimates ............................... 23
Certain Relationships and Related Transactions ...................................... 27
Private Securities Litigation Reform Act of 1995 Safe Harbor Cautionary Statement ............ 27
Market Risk ................................................................ 31
Consolidated Statement of Operations ............................................ 32
Consolidated Statement of Cash Flows ............................................ 33
Consolidated Balance Sheet—Assets ............................................. 34
Consolidated Balance Sheet—Liabilities and Equity ................................... 35
Consolidated Statement of Changes in Equity ....................................... 36
Notes to Consolidated Financial Statements ........................................ 39
Reports of Management ....................................................... 73
Report of Independent Registered Public Accounting Firm .............................. 75
Selected Consolidated Financial Data ............................................. 76
Consolidated Quarterly Information (Unaudited) ...................................... 77
Shareholder Information ....................................................... 78