US Cellular 2013 Annual Report Download - page 36

United States Cellular Corporation
Management’s Discussion and Analysis of Financial Condition and Results of Operations
resulting delays in filing periodic reports with the SEC, could have an adverse effect on U.S. Cellular’s
business, financial condition or results of operations.
• The existence of material weaknesses in the effectiveness of internal control over financial reporting
could result in inaccurate financial statements or other disclosures or failure to prevent fraud, which
could have an adverse effect on U.S. Cellular’s business, financial condition or results of operations.
• Changes in facts or circumstances, including new or additional information that affects the calculation
of potential liabilities for contingent obligations under guarantees, indemnities, claims, litigation or
otherwise, could require U.S. Cellular to record charges in excess of amounts accrued in the financial
statements, if any, which could have an adverse effect on U.S. Cellular’s business, financial condition
or results of operations.
• Disruption in credit or other financial markets, a deterioration of U.S. or global economic conditions or
other events could, among other things, impede U.S. Cellular’s access to or increase the cost of
financing its operating and investment activities and/or result in reduced revenues and lower operating
income and cash flows, which would have an adverse effect on U.S. Cellular’s business, financial
condition or results of operations.
• Uncertainty of U.S. Cellular’s ability to access capital, deterioration in the capital markets, other
changes in market conditions, changes in U.S. Cellular’s credit ratings or other factors could limit or
restrict the availability of financing on terms and prices acceptable to U.S. Cellular, which could require
U.S. Cellular to reduce its construction, development or acquisition programs.
• Settlements, judgments, restraints on its current or future manner of doing business and/or legal costs
resulting from pending and future litigation could have an adverse effect on U.S. Cellular’s business,
financial condition or results of operations.
• The possible development of adverse precedent in litigation or conclusions in professional studies to
the effect that radio frequency emissions from wireless devices and/or cell sites cause harmful health
consequences, including cancer or tumors, or may interfere with various electronic medical devices
such as pacemakers, could have an adverse effect on U.S. Cellular’s business, financial condition or
results of operations.
• Claims of infringement of intellectual property and proprietary rights of others, primarily involving patent
infringement claims, could prevent U.S. Cellular from using necessary technology to provide products
or services or subject U.S. Cellular to expensive intellectual property litigation or monetary penalties,
which could have an adverse effect on U.S. Cellular’s business, financial condition or results of
operations.
• There are potential conflicts of interests between TDS and U.S. Cellular.
• Certain matters, such as control by TDS and provisions in the U.S. Cellular Restated Certificate of
Incorporation, may serve to discourage or make more difficult a change in control of U.S. Cellular.
• Any of the foregoing events or other events could cause revenues, earnings, capital expenditures
and/or any other financial or statistical information to vary from U.S. Cellular’s forward-looking
estimates by a material amount.
See ‘‘Risk Factors’’ in U.S. Cellular’s Annual Report on Form 10-K for the year ended December 31, 2013
for a further discussion of these risks. U.S. Cellular undertakes no obligation to update publicly any
forward-looking statements whether as a result of new information, future events or otherwise. Readers
should evaluate any statements in light of these important factors.
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