US Cellular 2014 Annual Report Download - page 14

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United States Cellular Corporation
Management’s Discussion and Analysis of Financial Condition and Results of Operations
RESULTS OF OPERATIONS
Summary Operating Data for U.S. Cellular Consolidated Markets
Following is a table of summarized operating data for U.S. Cellular’s Consolidated Markets. Consolidated
Markets herein refers to markets which U.S. Cellular currently consolidates, or previously consolidated in
the periods presented, and is not adjusted in prior periods presented for subsequent divestitures or
deconsolidations. Unless otherwise noted, figures reported in Results of Operations are representative of
consolidated results.
As of or for the Year Ended December 31, 2014 2013 2012
Retail Customers
Postpaid
Total at end of period .......................... 4,298,000 4,267,000 5,134,000
Gross additions .............................. 940,000 697,000 880,000
Net additions (losses) .......................... 31,000 (325,000) (165,000)
ARPU(1) ................................... $ 56.75 $ 54.31 $ 54.32
ARPA(2) ................................... $ 133.19 $ 120.92 $ 123.27
Churn rate(3) ................................ 1.8% 1.8% 1.7%
Smartphone penetration(4) ...................... 59.8% 50.8% 41.8%
Prepaid
Total at end of period .......................... 348,000 343,000 423,000
Gross additions .............................. 274,000 309,000 368,000
Net additions (losses) .......................... 5,000 (21,000) 118,000
ARPU(1) ................................... $ 34.07 $ 31.44 $ 33.26
Churn rate(3) ................................ 6.4% 7.0% 6.0%
Total customers at end of period .................... 4,760,000 4,774,000 5,798,000
Billed ARPU(1) ................................. $ 53.49 $ 50.73 $ 50.81
Service revenue ARPU(1) ......................... $ 60.32 $ 57.61 $ 58.70
Smartphones sold as a percent of total handsets sold . . . 81.3% 72.8% 58.7%
Total Population
Consolidated markets(5) ......................... 50,906,000 58,013,000 93,244,000
Consolidated operating markets(5) .................. 31,729,000 31,759,000 46,966,000
Market penetration at end of period
Consolidated markets(6) ......................... 9.4% 8.2% 6.2%
Consolidated operating markets(6) .................. 15.0% 15.0% 12.3%
Capital expenditures (000s) ....................... $ 557,615 $ 737,501 $ 836,748
Total cell sites in service .......................... 6,220 6,975 8,028
Owned towers in service .......................... 4,281 4,448 4,408
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