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Investments in Unconsolidated Entities | 3 Months Ended
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Mar. 31, 2015
Disclosure Text Block |
Investments in Unconsolidated Entities | 8. Investments in Unconsolidated Entities Investments in unconsolidated entities consist of a mounts invested in wireless entities in which U.S. Cellular holds a noncontrolling interest. These investments are accounted for using either the equity or cost met hod. Equity in earnings of unconsolidated entities totaled $34.5 million and $37.1 million in the three months ended March 31, 2015 and 2014, respectively; of those amounts, U.S. Cellular's investment in the Los Angeles SMSA Limited Partnership (“LA Partnership”) contributed $19.9 million and $21.2 million in the three months ended March 31, 2015 and 2014, respectively. U.S. Cellular held a 5.5% ownership interest in the LA Partnership during these periods.
| The following table, which is based on information provided in part by third parties, summarizes the combined results of operations of U.S. Cellular’s equity method investments.
|  | Three Months Ended March 31,
|  | 2015 |  | 2014
(Dollars in thousands) |  |  |  |  |
Revenues | $ | 1,729,820 |  | $ | 1,620,402
Operating expenses |  | 1,286,721 |  |  | 1,137,209
Operating income |  | 443,099 |  |  | 483,193
Other income, net |  | 4,829 |  |  | 1,764
Net income | $ | 447,928 |  | $ | 484,957

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