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United States Cellular Corporation
Notes to Consolidated Financial Statements (Continued)
NOTE 6 ACQUISITIONS, DIVESTITURES AND EXCHANGES (Continued)
• In March 2012, U.S. Cellular sold the majority of the assets and liabilities of a wireless market for
$49.8 million in cash. At the time of the sale, a $4.2 million gain was recorded in (Gain) loss on sale of
business and other exit costs, net in the Consolidated Statement of Operations.
At December 31, 2014 and 2013, the following assets were classified in the Consolidated Balance Sheet
as ‘‘Assets held for sale’’ and ‘‘Liabilities held for sale’’:
Other
Assets and Property, Total
Current Deferred Plant and Assets Held
Assets Charges Licenses Goodwill Equipment for Sale
(Dollars in thousands)
2014
Divestiture of Spectrum Licenses .... $ — $ — $56,809 $ — $ — $ 56,809
Sale of Business—Towers ......... 1,466 773 — 16,281 31,726 50,246
Total ....................... $1,466 $773 $56,809 $16,281 $31,726 $107,055
2013
Divestiture of Spectrum Licenses .... $ — $ — $16,027 $ — $ — $ 16,027
Customer Other
Deposits and Other Deferred Total
Deferred Current Liabilities Liabilities
Revenues Liabilities and Credits Held for Sale
(Dollars in thousands)
2014
Sale of Business—Towers ..................... $2,704 $896 $17,334 $20,934
NOTE 7 INTANGIBLE ASSETS
Changes in U.S. Cellular’s Licenses and Goodwill are presented below. See Note 6—Acquisitions,
Divestitures and Exchanges for information regarding transactions which affected Licenses during the
periods.
Licenses
Year Ended December 31, 2014 2013
(Dollars in thousands)
Balance, beginning of year ......................... $1,401,126 $1,456,794
Acquisitions .................................... 41,707 16,540
Divestitures .................................... — (59,419)
Transferred to Assets held for sale ................... (56,809) (16,027)
Exchanges, net ................................. 55,780 —
Other ........................................ 1,634 3,238
Balance, end of year ............................. $1,443,438 $1,401,126
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