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Revision of Period Period Amounts | 9 Months Ended
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Sep. 30, 2011
Disclosure Text Block [Abstract] |
Revision of Prior Period Amounts | 2. Revision of Prior Period Amounts I n preparing its financial statements for the nine months ended September 30, 2011, U.S. Cellular discovered certain errors related to accounting for asset retirement obligations and asset retirement costs. These errors resulted in the over statement of Total o perating expenses, Property, plant and equipment, net and Other d eferred liabilities and credits in the first and second quarter 2011 interim financial statements and in the 2010, 2009 and 2008 annual periods reported in the Company's December 31, 2010 financial statements. The December 31, 2007 R etained earnings balance presented in the December 31, 2010 annual financial statements was also ov erstated as a result of these errors. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108 (“SAB 99” and “SAB 108”), U.S. Cellular evaluated these errors and determined that they were immaterial to each of the reporting periods affected and, therefore, amendment s of previously filed reports w ere not required. However, if the adjustments to correct the cumulative errors had been recorded in the third quarter 2011, U.S. Cellular believes the impact would have been significant to the third quarter results and would have impact ed comparisons to prior periods. As permitted by SAB 108, revisions for these immaterial amounts to previously reported annual and quarterly results are reflected in the financial information herein and will be reflected in future filings containing such financial information. The impact of these errors was an increase to Retained earnings of $3.8 million, $2.8 million and $2.6 million in 2010, 2009 and 2008, respectively. The Consolidated Balance Sheet at December 31, 2010 was revised to reflect the cumulative effect of these errors which resulted in an increase to Retained earnings of $5.9 million. I n accordance with SAB 108, the Consolidated Balance Sheet, the Consolidated Statement of Operations and the Consolidated Statement of Cash Flows have been revised as follows:
Consolidated Balance Sheet -- December 31, 2010 |
|  |  |  | As previously |  |  |  |  |  |  |  |  |
| (Dollars in thousands) | reported (1) |  |  |  | Adjustment |  |  |  | Revised |
| Property, plant and equipment, net | $ | 2,615,072 |  |  | $ | (40,550 | ) |  | $ | 2,574,522 |
| Total assets |  | 5,933,610 |  |  |  | (40,550 | ) |  |  | 5,893,060 |
| Net deferred income tax liability |  | 579,769 |  |  |  | 3,675 |  |  |  | 583,444 |
| Other deferred liabilities and credits |  | 284,949 |  |  |  | (50,094 | ) |  |  | 234,855 |
| Retained earnings |  | 2,129,638 |  |  |  | 5,869 |  |  |  | 2,135,507 |
| Total U.S. Cellular shareholders' equity |  | 3,480,583 |  |  |  | 5,869 |  |  |  | 3,486,452 |
| Total equity |  | 3,534,101 |  |  |  | 5,869 |  |  |  | 3,539,970 |
| Total liabilities and equity |  | 5,933,610 |  |  |  | (40,550 | ) |  |  | 5,893,060 |
Consolidated Statement of Operations -- Three Months Ended September 30, 2010 |  |
|  |  |  | As previously |  |  |  |  |  |  |  |  |
| (Dollars in thousands) | reported (2) |  |  |  | Adjustment |  |  |  | Revised |
| Depreciation, amortization and accretion | $ | 144,717 |  |  | $ | (1,526 | ) |  | $ | 143,191 |
| Total operating expenses |  | 1,000,948 |  |  |  | (1,526 | ) |  |  | 999,422 |
| Operating income |  | 59,833 |  |  |  | 1,526 |  |  |  | 61,359 |
| Income before income taxes |  | 68,329 |  |  |  | 1,526 |  |  |  | 69,855 |
| Income tax expense |  | 25,051 |  |  |  | 588 |  |  |  | 25,639 |
| Net income |  | 43,278 |  |  |  | 938 |  |  |  | 44,216 |
| Net income attributable to U.S. Cellular shareholders |  | 37,358 |  |  |  | 938 |  |  |  | 38,296 |
| Basic earnings per share attributable to U.S. Cellular shareholders |  | 0.43 |  |  |  | 0.02 |  |  |  | 0.45 |
| Diluted earnings per share attributable to U.S. Cellular shareholders |  | 0.43 |  |  |  | 0.01 |  |  |  | 0.44 |
Consolidated Statement of Operations -- Nine Months Ended September 30, 2010 |  |
|  |  |  | As previously |  |  |  |  |  |  |  |  |
| (Dollars in thousands) | reported (2) |  |  |  | Adjustment |  |  |  | Revised |
| Depreciation, amortization and accretion | $ | 432,405 |  |  | $ | (4,574 | ) |  | $ | 427,831 |
| Total operating expenses |  | 2,913,570 |  |  |  | (4,574 | ) |  |  | 2,908,996 |
| Operating income |  | 200,961 |  |  |  | 4,574 |  |  |  | 205,535 |
| Income before income taxes |  | 229,232 |  |  |  | 4,574 |  |  |  | 233,806 |
| Income tax expense |  | 86,894 |  |  |  | 1,762 |  |  |  | 88,656 |
| Net income |  | 142,338 |  |  |  | 2,812 |  |  |  | 145,150 |
| Net income attributable to U.S. Cellular shareholders |  | 125,480 |  |  |  | 2,812 |  |  |  | 128,292 |
| Basic earnings per share attributable to U.S. Cellular shareholders |  | 1.45 |  |  |  | 0.04 |  |  |  | 1.49 |
| Diluted earnings per share attributable to U.S. Cellular shareholders |  | 1.45 |  |  |  | 0.03 |  |  |  | 1.48 |
Consolidated Statement of Cash Flows -- Nine Months Ended September 30, 2010 |  |
|  |  |  | As previously |  |  |  |  |  |  |  |  |
| (Dollars in thousands) | reported (2) |  |  |  | Adjustment |  |  |  | Revised |
| Net income | $ | 142,338 |  |  | $ | 2,812 |  |  | $ | 145,150 |
| Depreciation, amortization and accretion |  | 432,405 |  |  |  | (4,574 | ) |  |  | 427,831 |
| Deferred income taxes, net |  | 50,180 |  |  |  | 1,762 |  |  |  | 51,942 |
| Cash flows from operating activities |  | 584,013 |  |  |  | — |  |  |  | 584,013 |
In Annual Report on Form 10-K for the year ended December 31, 2010, filed on February 25, 2011. In Quarterly Report on Form 10-Q for the period ended September 30, 2010, filed on November 4, 2010.

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- Definition The entire disclosure for reporting accounting changes and error corrections. It includes the conveyance of information necessary for a user of the Company's financial information to understand all aspects and required disclosure information concerning all changes and error corrections reported in the Company's financial statements for the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 1.N.Q3) -URI http://asc.fasb.org/extlink&oid=6369664&loc=d3e30840-122693 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 45 -Paragraph 23 -URI http://asc.fasb.org/extlink&oid=6368906&loc=d3e21914-107793 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 154 -Paragraph 17, 22, 25, 26 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22499-107794 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 1 -Section N Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22595-107794 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6801783&loc=d3e22644-107794 + Details
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