US Cellular 2012 Annual Report Download - page 84

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United States Cellular Corporation
SELECTED CONSOLIDATED FINANCIAL DATA
Year Ended or at December 31, 2012 2011 2010 2009 2008
(Dollars in thousands, except per share amounts)
Statement of Operations data
Service revenues .................. $4,098,856 $4,053,797 $3,913,001 $3,927,128 $3,939,695
Equipment sales ................... 353,228 289,549 264,680 286,752 302,859
Operating revenues ................ 4,452,084 4,343,346 4,177,681 4,213,880 4,242,554
Loss on impairment of assets(1) .......———14,000 386,653
(Gain) loss on sale of business and other
exit costs, net ................... 21,022 ————
Operating income .................. 156,656 280,780 201,473 325,525 32,782
Equity in earnings of unconsolidated
entities ........................ 90,364 83,566 97,318 96,800 91,981
Gain (loss) on investment ............ (3,718) 11,373 — — 16,628
Income before income taxes .......... 205,053 312,822 241,116 349,165 69,855
Net income ...................... 141,076 198,744 159,158 231,315 60,788
Net income attributable to noncontrolling
interests, net of tax ............... 30,070 23,703 23,084 21,768 25,083
Net income attributable to U.S. Cellular
shareholders .................... $ 111,006 $ 175,041 $ 136,074 $ 209,547 $ 35,705
Basic weighted average shares
outstanding (000s) ................ 84,645 84,877 86,128 86,946 87,457
Basic earnings per share attributable to
U.S. Cellular shareholders .......... $ 1.31 $ 2.06 $ 1.58 $ 2.41 $ 0.41
Diluted weighted average shares
outstanding (000s) ................ 85,067 85,335 86,518 87,168 87,754
Diluted earnings per share attributable to
U.S. Cellular shareholders .......... $ 1.30 $ 2.05 $ 1.57 $ 2.40 $ 0.41
Balance Sheet data
Total assets ...................... 6,587,450 6,327,976 5,875,549 5,716,848 5,553,672
Long-term debt (excluding current
portion) ........................ 878,858 880,320 867,941 867,522 996,636
Total U.S. Cellular shareholders’ equity . . . $3,795,247 $3,619,961 $3,486,452 $3,390,532 $3,199,339
(1) Includes Loss on Impairment of intangible assets related to licenses in 2009 and 2008.
U.S. Cellular has not paid any cash dividends and currently intends to retain all earnings for use in U.S.
Cellular’s business.
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