US Cellular 2015 Annual Report Download - page 120

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Quarter Ended
2015 March 31 June 30 September 30 December 31
(Amounts in thousands, except per share amounts)
Operating revenues ............................ $ 1,251,593 $ 1,276,395 $ 1,373,798 $ 1,274,455
(Gain) loss on asset disposals, net ................... 5,377 4,752 4,919 7,128
(Gain) loss on sale of business and other exit costs, net1..... (123,783) (5,589) (559) (5,956)
(Gain) loss on license sales and exchanges1............. (122,873) (25) (23,986) –
Operating income (loss) .......................... 282,629 32,121 93,434 (11,113)
Net income (loss) .............................. 175,801 26,500 62,395 (2,086)
Net income (loss) attributable to TDS shareholders ......... $ 145,740 $ 23,046 $ 51,083 $ (832)
Basic weighted average shares outstanding ............. 108,169 108,484 108,848 109,067
Basic earnings (loss) per share attributable to TDS shareholders . $ 1.35 $ 0.21 $ 0.47 $ (0.01)
Diluted weighted average shares outstanding ............ 108,946 109,785 110,214 109,067
Diluted earnings (loss) per share attributable to TDS
shareholders ............................... $ 1.33 $ 0.21 $ 0.46 $ (0.01)
Stock price ..................................
TDS Common Shares3
High ................................... $ 26.64 $ 30.76 $ 30.64 $ 30.59
Low ................................... 23.00 24.84 24.51 24.83
Close .................................. 24.90 29.40 24.96 25.89
Dividends paid ............................... $ 0.141 $ 0.141 $ 0.141 $ 0.141
Quarter Ended
2014 March 31 June 30 September 30 December 31
(Amounts in thousands, except per share amounts)
Operating revenues ............................ $ 1,195,962 $ 1,236,392 $ 1,280,023 $ 1,297,061
(Gain) loss on asset disposals, net ................... 2,430 7,903 9,293 6,905
(Gain) loss on sale of business and other exit costs, net1..... (6,900) 2,611 (4,790) (6,767)
(Gain) loss on license sales and exchanges1............. (91,446) – – (21,547)
Loss on impairment of assets2...................... – – 84,000 3,802
Operating income (loss) .......................... 20,685 (49,090) (125,415) (36,044)
Net income (loss) .............................. 20,294 (25,726) (121,199) (20,661)
Net income (loss) attributable to TDS shareholders ......... $ 18,254 $ (22,038) $ (116,030) $ (16,541)
Basic weighted average shares outstanding ............. 108,988 108,719 108,252 107,995
Basic earnings (loss) per share attributable to TDS shareholders . $ 0.17 $ (0.20) $ (1.07) $ (0.15)
Diluted weighted average shares outstanding ............ 109,672 108,719 108,252 107,995
Diluted earnings (loss) per share attributable to TDS
shareholders ............................... $ 0.16 $ (0.20) $ (1.07) $ (0.15)
Stock price ..................................
TDS Common Shares3
High ................................... $ 27.90 $ 28.41 $ 26.93 $ 26.49
Low ................................... 21.30 24.67 23.08 22.19
Close .................................. 26.21 26.11 23.96 25.25
Dividends paid ............................... $ 0.134 $ 0.134 $ 0.134 $ 0.134
1See Note 6 — Acquisitions, Divestitures and Exchanges for additional information on (Gain) loss on sale of business and other exit costs, net and
(Gain) loss on license sales and exchanges.
2See Note 7 — Intangible Assets for additional information on Loss on impairment of assets.
3The high, low and closing sales prices as reported by the New York Stock Exchange (‘‘NYSE’’).
112
TELEPHONE AND DATA SYSTEMS, INC. CONSOLIDATED QUARTERLY INFORMATION (UNAUDITED)