United states cellular corporation (USM)
Balance Sheet / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Dec'09
Assets
Current assets
Cash and cash equivalents

258

285

570

528

648

580

730

596

509

352

498

472

572

586

674

621

772

715

596

362

336

211

273

404

398

342

183

467

419

378

409

437

511

424

504

428

421

276

269

232

294

Short-term investments

-

-

0

18

17

17

0

0

0

50

50

-

-

0

-

-

-

-

-

-

-

-

40

40

40

50

45

110

110

100

140

100

116

127

110

96

121

146

120

135

0

Accounts receivable
Accounts Receivable, after Allowance for Credit Loss, Current

865

919

899

880

882

908

845

809

789

775

691

664

644

658

621

613

606

608

561

489

466

466

411

368

352

467

445

289

314

349

332

316

298

341

310

318

302

331

312

310

339

Roaming

24

27

34

29

20

20

42

25

15

26

25

16

6

16

21

19

18

20

27

26

5

23

32

32

26

30

35

34

29

31

47

42

34

36

42

38

36

37

39

34

28

Affiliated

1

1

0

3

1

2

0

1

4

1

-

1

2

2

-

1

1

-

0

0

29

0

0

1

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Other, less allowances of $1 and $1, respectively

40

63

60

47

38

46

42

40

35

41

41

51

53

51

46

47

41

44

39

45

57

66

73

78

104

88

79

45

51

63

84

71

64

63

81

72

66

55

63

66

56

Inventory, Net

212

162

139

146

157

142

123

141

141

138

102

141

141

138

140

176

151

149

176

135

164

267

184

199

218

238

142

163

139

155

196

183

131

127

148

160

108

112

119

120

152

Prepaid expenses

58

50

49

48

47

63

62

63

66

79

76

80

85

84

80

86

96

81

88

73

69

59

62

63

65

65

71

68

64

62

60

61

57

55

56

64

62

53

70

65

63

Income taxes receivable

96

46

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

1

2

0

0

74

35

32

4

41

32

-

0

Net deferred income tax asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

77

77

93

97

99

99

99

54

48

36

35

37

35

31

31

26

37

26

26

21

21

21

Other current assets

22

20

19

36

29

19

20

34

32

21

21

15

21

23

25

22

23

55

18

18

18

90

23

20

19

19

19

18

17

16

15

11

11

10

10

11

10

10

49

48

51

Total current assets

1,576

1,573

1,770

1,735

1,839

1,812

1,864

1,709

1,591

1,483

1,504

1,440

1,524

1,558

1,607

1,585

1,708

1,672

1,591

1,229

1,225

1,279

1,198

1,308

1,326

1,401

1,076

1,245

1,184

1,196

1,327

1,260

1,257

1,292

1,327

1,260

1,161

1,092

1,098

1,035

1,009

Assets held for sale

-

-

9

0

0

54

42

1

6

10

5

4

5

8

16

23

26

-

-

22

22

107

68

-

-

16

78

78

213

216

-

-

-

49

60

53

-

-

-

-

-

Investments
Licenses

2,502

2,471

2,461

2,469

2,213

2,186

2,189

2,231

2,231

2,223

2,225

2,226

1,895

1,886

1,866

1,854

1,808

1,834

1,834

1,827

1,827

1,443

1,390

1,437

1,425

1,401

1,397

1,396

1,470

1,456

1,531

1,484

1,481

1,470

1,470

1,454

1,452

1,452

1,445

1,445

1,435

Goodwill

-

-

-

-

-

-

-

-

-

-

0

370

370

370

370

370

370

370

369

369

370

370

387

387

387

387

387

387

421

421

494

494

494

494

494

494

494

494

494

494

494

Customer lists, net of accumulated amortization of $50,258 and $96,809, respectively

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

0

0

0

0

0

0

1

4

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures

469

447

471

450

468

441

461

439

450

415

429

414

434

413

420

407

384

363

347

325

304

283

296

270

289

265

309

276

165

144

162

175

154

138

160

142

171

160

177

163

161

Notes and interest receivable - long-term

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

3

3

4

4

4

4

4

Long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

40

40

50

10

55

40

30

45

40

35

46

46

40

-

Total investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,551

2,523

2,501

-

2,075

2,095

2,103

2,054

2,134

2,100

2,098

2,073

2,198

2,210

2,171

2,135

2,175

2,136

2,159

2,158

2,168

2,150

2,099

Property, plant and equipment
In service and under construction

8,485

8,293

8,088

7,980

7,867

7,778

7,647

7,555

7,662

7,628

7,576

7,702

7,742

7,712

7,609

7,605

7,693

7,669

7,511

7,420

7,426

7,458

7,647

7,670

7,715

7,717

7,571

7,380

7,562

7,478

7,341

7,232

7,126

7,008

6,778

6,598

6,465

6,340

6,203

6,096

5,844

Less: Accumulated depreciation and amortization

6,217

6,086

5,944

5,826

5,730

5,576

5,521

5,396

5,429

5,308

5,313

5,398

5,365

5,242

5,151

5,095

5,120

5,020

4,903

4,795

4,781

4,730

4,900

4,909

4,939

4,860

4,696

4,556

4,614

4,455

4,406

4,349

4,278

4,218

4,124

4,016

3,898

3,766

3,649

3,525

3,284

Property, Plant and Equipment, Net

2,268

2,207

2,144

2,154

2,137

2,202

2,126

2,159

2,233

2,320

2,263

2,304

2,377

2,470

2,458

2,510

2,573

2,649

2,608

2,625

2,645

2,728

2,746

2,761

2,776

2,856

2,874

2,823

2,948

3,022

2,934

2,883

2,847

2,790

2,654

2,582

2,567

2,574

2,553

2,571

2,560

Operating lease right-of-use assets

902

900

897

888

888

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and deferred charges

534

566

539

527

684

579

546

536

537

390

354

319

419

405

367

342

188

172

187

195

211

251

168

133

132

117

95

82

78

78

75

71

65

59

61

56

74

50

38

37

38

Total assets

8,251

8,164

8,291

8,223

8,229

7,274

7,228

7,075

7,048

6,841

6,780

7,077

7,024

7,110

7,104

7,091

7,057

7,060

6,938

6,596

6,606

6,462

6,257

6,298

6,338

6,445

6,259

6,329

6,523

6,587

6,536

6,425

6,341

6,327

6,280

6,089

5,961

5,875

5,859

5,795

5,708

Liabilities and Shareholder' Equity
Current liabilities
Current portion of long-term debt

6

8

19

19

19

19

19

18

18

18

18

11

11

11

11

11

11

11

8

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

Accounts payable
Affiliated

7

8

8

8

9

9

10

16

8

8

11

8

9

12

9

16

10

10

7

11

8

9

10

9

9

11

11

15

8

10

7

15

15

12

11

15

8

10

6

11

14

Trade

321

296

329

313

355

304

314

241

267

302

259

250

208

309

300

294

295

275

362

274

245

306

395

348

347

405

334

341

281

310

250

239

280

303

360

290

279

264

245

262

296

Customer deposits and deferred revenues

139

148

155

164

164

157

145

127

132

185

176

183

180

190

204

231

245

251

236

280

301

287

294

267

255

256

212

198

202

192

208

202

190

181

177

168

156

146

142

144

140

Accrued taxes

27

30

88

32

34

30

52

58

58

56

65

79

58

39

29

35

24

28

121

97

139

36

55

51

58

73

102

183

43

35

60

44

38

34

43

41

36

39

78

90

57

Accrued compensation

47

76

68

45

42

78

66

48

43

74

68

46

43

73

64

52

41

68

57

54

36

66

57

54

35

66

58

62

50

90

52

51

33

69

48

48

41

65

57

45

62

Short-term operating lease liabilities

109

105

104

101

99

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

66

79

78

65

80

94

83

82

90

90

76

74

78

84

78

80

97

105

92

108

130

149

132

139

161

192

133

100

98

114

92

89

87

121

95

79

94

121

88

80

92

Liabilities, Current

722

750

849

747

802

691

689

590

616

733

673

651

587

718

695

719

723

748

886

828

861

856

945

871

868

1,006

852

901

685

754

672

642

646

722

737

644

617

648

618

634

663

Liabilities held for sale

-

-

1

0

0

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

20

-

-

-

-

0

0

18

19

-

-

-

1

0

0

-

-

-

-

-

Deferred liabilities and credits
Deferred income tax liability, net

559

507

477

538

527

510

510

522

526

461

753

799

827

826

831

-827

-825

821

-828

-827

-816

-859

-790

-822

-830

-836

-829

-835

-857

-849

-861

-840

-812

-799

-742

-684

-624

-583

559

497

-515

Long-term operating lease liabilities

865

865

864

858

858

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other deferred liabilities and credits

327

319

312

299

296

389

386

367

359

337

321

316

311

302

311

300

297

290

287

290

295

284

305

318

330

315

294

306

292

288

259

247

250

248

235

277

287

234

269

273

218

Long-term debt, net

1,503

1,502

1,592

1,596

1,601

1,605

1,609

1,614

1,618

1,622

1,626

1,613

1,616

1,618

1,621

1,623

1,626

1,629

1,368

1,151

1,151

1,126

876

876

878

878

878

879

878

878

880

880

880

880

880

880

868

867

867

867

867

Commitments and contingencies

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

-

-

-

Noncontrolling interests with redemption features

11

11

11

10

11

11

11

11

11

1

1

1

1

1

1

1

2

1

0

1

6

1

1

0

0

0

0

0

0

0

0

1

1

1

0

0

0

0

0

0

0

Equity
Series A Common and Common Shares Authorized 190 shares (50 Series A Common and 140 Common Shares) Issued 88 shares (33 Series A Common and 55 Common Shares) Outstanding 85 shares (33 Series A Common and 52 Common Shares) and 86 shares (33 Series A Common and 53 Common Shares) Par Value ($1.00 per share) ($33 Series A Common and $55 Common Shares)

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

88

Additional paid-in capital

1,636

1,629

1,622

1,615

1,599

1,590

1,578

1,569

1,560

1,552

1,543

1,536

1,529

1,522

1,516

1,510

1,501

1,497

1,490

1,484

1,478

1,472

1,468

1,434

1,429

1,424

1,421

1,418

1,417

1,412

1,406

1,399

1,392

1,387

1,382

1,378

1,374

1,368

1,364

1,364

1,356

Treasury shares, at cost, 3 and 2 Common Shares, respectively

92

70

70

50

63

65

84

99

116

120

120

121

132

136

136

137

155

157

159

157

170

169

167

161

165

164

168

177

183

165

145

146

152

152

153

153

120

105

97

80

69

Retained earnings

2,620

2,550

2,532

2,509

2,497

2,444

2,430

2,402

2,375

2,157

1,884

2,183

2,185

2,160

2,167

2,150

2,140

2,133

2,135

2,072

2,067

1,910

1,933

2,032

2,061

2,043

2,042

2,055

2,403

2,399

2,438

2,403

2,359

2,297

2,294

2,224

2,162

2,135

2,126

2,090

2,015

Total U.S. Cellular shareholders' equity

4,252

4,197

4,172

4,162

4,121

4,057

4,012

3,960

3,907

3,677

3,395

3,686

3,670

3,634

3,635

3,611

3,574

3,561

3,554

3,487

3,463

3,301

3,323

3,393

3,413

3,391

3,383

3,385

3,725

3,733

3,787

3,744

3,688

3,619

3,612

3,537

3,504

3,486

3,482

3,463

3,390

Noncontrolling interests

12

13

13

13

13

10

11

11

11

10

11

11

12

11

10

10

10

10

11

10

9

10

14

15

16

18

20

20

64

61

74

68

62

55

70

63

58

53

61

58

51

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

4,264

4,210

4,185

4,175

4,134

4,067

4,023

3,971

3,918

3,687

3,406

3,697

3,682

3,645

3,645

3,621

3,584

3,571

3,565

3,497

3,473

3,312

3,337

3,409

3,430

3,409

3,403

3,405

3,790

3,795

3,861

3,812

3,750

3,675

3,683

3,601

3,563

3,539

3,543

3,521

3,442

Total liabilities and equity

8,251

8,164

8,291

8,223

8,229

7,274

7,228

7,075

7,048

6,841

6,780

7,077

7,024

7,110

7,104

7,091

7,057

7,060

6,938

6,596

6,606

6,462

6,257

6,298

6,338

6,445

6,259

6,329

6,523

6,587

6,536

6,425

6,341

6,327

6,280

6,089

5,961

5,875

5,859

5,795

5,708