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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating revenues    
Total operating revenues $ 1,023 $ 963
Operating expenses    
Selling, general and administrative 305 335
Depreciation, amortization and accretion 170 177
(Gain) loss on asset disposals, net 5 4
(Gain) loss on sale of business and other exit costs, net (1) 0
Total operating expenses 939 913
Operating income 84 50
Investment and other income (expense)    
Equity in earnings of unconsolidated entities 42 45
Interest and dividend income 2 4
Interest expense (39) (24)
Other, net 0 1
Total investment and other income 5 26
Income before income taxes 89 76
Income tax expense 27 4
Net income 62 72
Less: Net income attributable to noncontrolling interests, net of tax 2 1
Net income attributable to UScellular shareholders $ 60 $ 71
Basic weighted average shares outstanding (in shares) 86 86
Basic earnings per share attributable to UScellular shareholders (USD per share) $ 0.70 $ 0.82
Diluted weighted average shares outstanding (in shares) 88 88
Diluted earnings per share attributable to UScellular shareholders (in shares) $ 0.69 $ 0.81
Service    
Operating revenues    
Total operating revenues $ 771 $ 762
Operating expenses    
Cost of equipment sold 185 180
Equipment sales    
Operating revenues    
Total operating revenues 252 201
Operating expenses    
Cost of equipment sold $ 275 $ 217