US Cellular 2015 Annual Report Download - page 89

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TDS did not have any assets or liabilities classified as held for sale at December 31, 2015. At December 31, 2014, the
following assets and liabilities were classified in the Consolidated Balance Sheet as ‘‘Assets held for sale’’ and
‘‘Liabilities held for sale’’:
Other Total
Assets and Property, Assets
Current Deferred Plant and Held
Assets Charges Licenses Goodwill Equipment for Sale
(Dollars in thousands)
2014
Divestiture of Spectrum Licenses . $ – $ – $ 56,809 $ – $ – $ 56,809
Sale of Business — Towers .... 1,472 773 – 4,344 31,770 38,359
Divestiture of Wireline markets . . 215 2 – 4,100 3,858 8,175
Total ................. $ 1,687 $ 775 $ 56,809 $ 8,444 $ 35,628 $ 103,343
Other
Deferred Total
Current Liabilities Liabilities
Liabilities and Credits Held for Sale
(Dollars in thousands)
2014
Sale of Business — Towers .............................. $ 3,607 $ 17,641 $ 21,248
Divestiture of Wireline markets ............................ 218 177 395
Total .......................................... $ 3,825 $ 17,818 $ 21,643
NOTE 7 INTANGIBLE ASSETS
Activity related to TDS’ Licenses, Goodwill and Franchise rights are presented below. See Note 6 — Acquisitions,
Divestitures and Exchanges for information regarding transactions which affected these intangible assets during the
periods. Prior to 2009, TDS accounted for U.S. Cellular’s share repurchases as step acquisitions, allocating a portion of
the share repurchase value to TDS’ Licenses and Goodwill. Consequently, U.S. Cellular’s Licenses and Goodwill on a
stand-alone basis do not equal the TDS consolidated Licenses and Goodwill related to U.S. Cellular.
Licenses
U.S. Cellular Wireline Cable Other1Total
(Dollars in thousands)
Balance at December 31, 2013 ............ $ 1,405,759 $ 2,800 $ – $ 15,220 $ 1,423,779
Acquisitions ...................... 41,707 – 2,703 – 44,410
Transferred to Assets held for sale ........ (56,809) – – – (56,809)
Exchanges, net .................... 55,780 – – – 55,780
Divestitures ....................... – – – (15,220) (15,220)
Other .......................... 1,634 – – – 1,634
Balance at December 31, 2014 ............ 1,448,071 2,800 2,703 – 1,453,574
Acquisitions2...................... 345,807 – – – 345,807
Exchanges, net .................... 43,485 – – – 43,485
Other .......................... 1,482 – – – 1,482
Balance at December 31, 2015 ............ $ 1,838,845 $ 2,800 $ 2,703 $ – $ 1,844,348
1Represents the transfer of licenses from Airadigm to U.S. Cellular in 2014. See Note 6 — Acquisitions, Divestitures and Exchanges for additional
information.
2Amount in 2015 includes purchases totaling $338.3 million made by Advantage Spectrum from the FCC for licenses in which it was the provisional
winning bidder in Auction 97. See Note 6 — Acquisitions, Divestitures and Exchanges, and Note 14 — Variable Interest Entities for further information.
These licenses have not yet been granted by the FCC.
81
TELEPHONE AND DATA SYSTEMS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS