XML 24 R3.htm IDEA: XBRL DOCUMENT v3.24.0.1
Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating revenues      
Total operating revenues $ 3,906 $ 4,169 $ 4,122
Operating expenses      
Selling, general and administrative 1,368 1,408 1,345
Depreciation, amortization and accretion 656 700 678
Loss on impairment of licenses 0 3 0
(Gain) loss on asset disposals, net 17 19 23
(Gain) loss on sale of business and other exit costs, net 0 (1) (2)
(Gain) loss on license sales and exchanges, net (2) 0 0
Total operating expenses 3,767 4,100 3,952
Operating income 139 69 170
Investment and other income (expense)      
Equity in earnings of unconsolidated entities 158 158 179
Interest and dividend income 10 8 6
Interest expense (196) (163) (175)
Total investment and other income (expense) (28) 3 10
Income before income taxes 111 72 180
Income tax expense 53 37 20
Net income 58 35 160
Less: Net income attributable to noncontrolling interests, net of tax 4 5 5
Net income attributable to UScellular shareholders $ 54 $ 30 $ 155
Basic weighted average shares outstanding (in shares) 85 85 86
Basic earnings per share attributable to UScellular shareholders $ 0.64 $ 0.35 $ 1.80
Diluted weighted average shares outstanding (in shares) 87 86 87
Diluted earnings per share attributable to UScellular shareholders $ 0.63 $ 0.35 $ 1.77
Service      
Operating revenues      
Total operating revenues $ 3,044 $ 3,125 $ 3,115
Operating expenses      
Cost of goods and services sold 740 755 790
Equipment sales      
Operating revenues      
Total operating revenues 862 1,044 1,007
Operating expenses      
Cost of goods and services sold $ 988 $ 1,216 $ 1,118