US Cellular 2015 Annual Report Download - page 64

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WIRELINE 2015 2014 2013
(Dollars in thousands)
Income (loss) before income taxes (GAAP)1................ $ 91,878 $ 103,541 $ 70,665
Add back:
Interest expense ................................... (1,133) (2,695) (3,265)
Depreciation, amortization and accretion .................... 165,841 169,044 170,868
EBITDA ......................................... 256,586 269,890 238,268
Add back:
(Gain) loss on sale of business and other exit costs, net .......... (9,530) (2,357) –
(Gain) loss on asset disposals, net ....................... 5,094 2,091 130
(Gain) loss on investments ............................ –– (830)
Adjusted EBITDA .................................. 252,150 269,624 237,568
Deduct:
Equity in earnings of unconsolidated entities ................. 17 819
Interest and dividend income ........................... 2,193 2,396 1,759
Other, net ....................................... (22) (32) (214)
Operating cash flow ................................ 249,962 267,252 236,004
Deduct:
Depreciation, amortization and accretion .................... 165,841 169,044 170,868
(Gain) loss on sale of business and other exit costs, net .......... (9,530) (2,357) –
(Gain) loss on asset disposals, net ....................... 5,094 2,091 130
Operating income (loss) (GAAP) ........................ $ 88,557 $ 98,474 $ 65,006
CABLE 2015 2014 2013
(Dollars in thousands)
Income (loss) before income taxes (GAAP)1................ $ 6,837 $ 392 $ (116)
Add back:
Interest expense ................................... (458) (95) 74
Depreciation, amortization and accretion .................... 35,271 23,643 7,571
EBITDA ......................................... 41,650 23,940 7,529
Add back:
(Gain) loss on asset disposals, net ....................... 691 2,482 28
Adjusted EBITDA .................................. 42,341 26,422 7,557
Deduct:
Interest and dividend income ........................... 37 82
Other, net ....................................... 3(1) –
Operating cash flow ................................ 42,301 26,415 7,555
Deduct:
Depreciation, amortization and accretion .................... 35,271 23,643 7,571
(Gain) loss on asset disposals, net ....................... 691 2,482 28
Operating income (loss) (GAAP) ........................ $ 6,339 $ 290 $ (44)
56
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS