US Cellular 2014 Annual Report Download - page 65

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United States Cellular Corporation
Notes to Consolidated Financial Statements (Continued)
NOTE 7 INTANGIBLE ASSETS (Continued)
Goodwill
Year Ended December 31, 2014 2013
(Dollars in thousands)
Balance, beginning of year ........................... $387,524 $421,743
Divestitures ..................................... (1,092) (505)
Transferred to Assets held for sale .................... (16,281) —
NY1 & NY2 Deconsolidation ......................... (33,714)
Balance, end of year ................................ $370,151 $387,524
NOTE 8 INVESTMENTS IN UNCONSOLIDATED ENTITIES
Investments in unconsolidated entities consist of amounts invested in wireless entities in which U.S.
Cellular holds a noncontrolling interest. These investments are accounted for using either the equity or
cost method as shown in the following table:
December 31, 2014 2013
(Dollars in thousands)
Equity method investments:
Capital contributions, loans, advances and adjustments . $ 116,881 $ 121,571
Cumulative share of income ..................... 1,287,371 1,152,916
Cumulative share of distributions .................. (1,122,849) (1,010,513)
281,403 263,974
Cost method investments ......................... 1,611 1,611
Total investments in unconsolidated entities ............ $ 283,014 $ 265,585
Equity in earnings of unconsolidated entities totaled $129.8 million, $131.9 million and $90.4 million in
2014, 2013 and 2012, respectively; of those amounts, U.S. Cellular’s investment in the Los Angeles
SMSA Limited Partnership (‘‘LA Partnership’’) contributed $71.8 million, $78.4 million and $67.2 million in
2014, 2013 and 2012, respectively. U.S. Cellular held a 5.5% ownership interest in the LA Partnership
throughout and at the end of each of these years.
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