US Cellular 2015 Annual Report Download - page 29

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Total operating expenses
Operating expenses decreased in 2015 due to the impact of an $84.0 million non-cash goodwill impairment loss in 2014
offset by a $43.8 million increase from Cable acquisitions. HMS equipment cost of goods sold increased $16.6 million.
2014-2013 Commentary
Total operating revenues
Operating revenues increased in 2014 due primarily to $164.5 million from Cable and HMS acquisitions.
Total operating expenses
Operating expenses increased in 2014 due primarily to $160.6 million from Cable and HMS acquisitions and an
$84.0 million non-cash goodwill impairment loss, which was partially offset by a $43.6 million decrease in Wireline
expenses.
An $84.0 million loss on impairment of goodwill was recognized in the HMS segment during the quarter ended
September 30, 2014. See Note 7 — Intangible Assets in the Notes to Consolidated Financial Statements for more
information related to this impairment.
21
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS