US Cellular 2015 Annual Report Download - page 37

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Key components of changes in the statement of operations items were as follows:
2015-2014 Commentary
Changes in operating revenues and operating expenses in 2015 are due primarily to acquisitions. Acquisitions
contributed $55.5 million to operating revenues. Cable revenues grew 2% excluding acquisitions due primarily to an
increase in broadband and voice connections. Acquisitions contributed $43.8 million to operating expenses. The
remaining increase is due to higher advertising, plant maintenance and programming content costs.
2014-2013 Commentary
Changes in operating revenues and operating expenses in 2014 are due primarily to acquisitions. Acquisitions
contributed $79.4 million to operating revenues. Cable revenues grew 5% excluding acquisitions. Acquisitions contributed
$75.5 million to operating expenses. The remaining increase is due to higher programming content costs.
29
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS