XML 26 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statement Of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues        
Service $ 824,373 $ 843,473 $ 1,652,584 $ 1,697,086
Equipment sales 151,294 114,300 288,328 186,498
Total operating revenues 975,667 957,773 1,940,912 1,883,584
Operating expenses        
System operations (excluding Depreciation, amortization and accretion reported below) 196,276 187,131 386,953 367,738
Cost of equipment sold 253,671 271,978 491,972 542,452
Selling, general and administrative (including charges from affiliates of $24.0 million and $22.9 million, respectively, for the three months, and $43.7 million and $44.1 million, respectively, for the six months) 362,971 404,252 731,939 799,816
Depreciation, amortization and accretion 150,581 148,337 297,666 316,090
(Gain) loss on asset disposals, net 5,399 6,893 9,650 8,827
(Gain) loss on sale of business and other exit costs, net (1,705) (10,511) (113,182) (17,411)
(Gain) loss on license sales and exchanges, net (25)   (122,898) (91,446)
Total operating expenses 967,168 1,008,080 1,682,100 1,926,066
Operating income (loss) 8,499 (50,307) 258,812 (42,482)
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 35,584 33,120 70,055 70,195
Interest and dividend income 8,969 1,573 16,535 2,457
Interest expense (20,154) (14,336) (40,118) (29,198)
Other, net 91 100 196 186
Total investment and other income 24,490 20,457 46,668 43,640
Income (loss) before income taxes 32,989 (29,850) 305,480 1,158
Income tax expense (benefit) 13,079 (10,399) 120,580 2,205
Net income (loss) 19,910 (19,451) 184,900 (1,047)
Less: Net income (loss) attributable to noncontrolling interests, net of tax 558 (662) 5,484 (1,740)
Net income (loss) attributable to U.S. Cellular shareholders $ 19,352 $ (18,789) $ 179,416 $ 693
Basic weighted average shares outstanding 84,293 84,341 84,168 84,277
Basic earnings (loss) per share attributable to U.S. Cellular shareholders $ 0.23 $ (0.22) $ 2.13 $ 0.01
Diluted weighted average shares outstanding 84,892 84,341 84,849 85,041
Diluted earnings (loss) per share attributable to U.S. Cellular shareholders $ 0.23 $ (0.22) $ 2.11 $ 0.01