US Cellular 2014 Annual Report Download - page 43

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United States Cellular Corporation
Consolidated Balance Sheet—Liabilities and Equity
December 31, 2014 2013
(Dollars and shares in thousands)
Current liabilities
Current portion of long-term debt ............................... $ 46 $ 166
Accounts payable
Affiliated ................................................ 9,774 11,243
Trade .................................................. 306,845 405,583
Customer deposits and deferred revenues ......................... 287,562 256,740
Accrued taxes ............................................. 36,652 73,820
Accrued compensation ....................................... 66,162 66,566
Other current liabilities ....................................... 149,853 192,055
856,894 1,006,173
Liabilities held for sale ........................................ 20,934 —
Deferred liabilities and credits
Net deferred income tax liability ................................ 859,867 836,297
Other deferred liabilities and credits .............................. 284,002 315,073
Long-term debt ............................................. 1,151,819 878,032
Commitments and contingencies
Noncontrolling interests with redemption features ................... 1,150 536
Equity
U.S. Cellular shareholders’ equity
Series A Common and Common Shares
Authorized 190,000 shares (50,000 Series A Common and 140,000
Common Shares)
Issued 88,074 shares (33,006 Series A Common and 55,068 Common
Shares)
Outstanding 84,080 shares (33,006 Series A Common and 51,074
Common Shares) and 84,205 shares (33,006 Series A Common and
51,199 Common Shares), respectively
Par Value ($1 per share) ($33,006 Series A Common and $55,068
Common Shares) ...................................... 88,074 88,074
Additional paid-in capital .................................... 1,472,558 1,424,729
Treasury Shares, at cost, 3,994 and 3,869 Common Shares, respectively . (169,139) (164,692)
Retained earnings ......................................... 1,910,498 2,043,095
Total U.S. Cellular shareholders’ equity ....................... 3,301,991 3,391,206
Noncontrolling interests ...................................... 10,611 18,391
Total equity ......................................... 3,312,602 3,409,597
Total liabilities and equity ..................................... $6,487,268 $6,445,708
The accompanying notes are an integral part of these consolidated financial statements.
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