XML 20 R2.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues        
Total operating revenues $ 1,083 $ 1,016 $ 3,120 $ 3,053
Operating expenses        
Selling, general and administrative 369 346 1,032 984
Depreciation, amortization and accretion 177 160 520 510
Loss on impairment of licenses 0 0 3 0
(Gain) loss on asset disposals, net 1 8 9 15
(Gain) loss on sale of business and other exit costs, net 0 0 (1) (1)
Total operating expenses 1,098 971 3,024 2,888
Operating income (loss) (15) 45 96 165
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 40 48 122 137
Interest and dividend income 2 1 5 5
Interest expense (42) (45) (115) (144)
Total investment and other income (expense) 0 4 12 (2)
Income (loss) before income taxes (15) 49 108 163
Income tax expense (benefit) (3) 14 46 31
Net income (loss) (12) 35 62 132
Less: Net income attributable to noncontrolling interests, net of tax 0 1 4 4
Net income (loss) attributable to UScellular shareholders $ (12) $ 34 $ 58 $ 128
Basic weighted average shares outstanding (in shares) 85 86 86 87
Basic earnings (loss) per share attributable to UScellular shareholders $ (0.15) $ 0.39 $ 0.68 $ 1.48
Diluted weighted average shares outstanding (in shares) 85 87 87 88
Diluted earnings (loss) per share attributable to UScellular shareholders $ (0.15) $ 0.38 $ 0.67 $ 1.46
Service        
Operating revenues        
Total operating revenues $ 781 $ 788 $ 2,351 $ 2,333
Operating expenses        
Cost of equipment sold 197 205 574 594
Equipment sales        
Operating revenues        
Total operating revenues 302 228 769 720
Operating expenses        
Cost of equipment sold $ 354 $ 252 $ 887 $ 786