| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 | Dec'16 | Sep'16 | Jun'16 | Mar'16 | Dec'15 | Sep'15 | Jun'15 | Mar'15 | Dec'14 | Sep'14 | Jun'14 | Mar'14 | Dec'13 | Sep'13 | Jun'13 | Mar'13 | Dec'12 | Sep'12 | Jun'12 | Mar'12 | Dec'11 | Sep'11 | Jun'11 | Mar'11 | Dec'10 | Sep'10 | Jun'10 | Mar'10 | Sep'09 | Jun'09 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating revenues | ||||||||||||||||||||||||||||||||||||||||||
Total operating revenues | ||||||||||||||||||||||||||||||||||||||||||
963,000 | 1,052,000 | 1,031,000 | 973,000 | 966,000 | 1,050,000 | 1,001,000 | 974,000 | 942,000 | 1,028,000 | 963,000 | 963,000 | 936,000 | 1,006,000 | 1,023,000 | 992,000 | 969,000 | 1,021,000 | 1,069,000 | 976,000 | 965,000 | 1,017,997 | 1,000,419 | 957,773 | 925,811 | 902,724 | 939,236 | 995,130 | 1,081,746 | 1,115,206 | 1,140,357 | 1,104,400 | 1,092,121 | 1,099,633 | 1,110,439 | 1,076,182 | 1,057,092 | 1,063,150 | 1,060,781 | 1,029,893 | 1,023,857 | 1,057,295 | 1,042,143 |
Operating expenses | ||||||||||||||||||||||||||||||||||||||||||
Selling, general and administrative (including charges from affiliates of $19 million and $20 million, respectively) | ||||||||||||||||||||||||||||||||||||||||||
335,000 | 378,000 | 358,000 | 344,000 | 326,000 | 374,000 | 346,000 | 342,000 | 326,000 | 372,000 | 350,000 | 351,000 | 339,000 | 392,000 | 370,000 | 357,000 | 361,000 | 386,000 | 375,000 | 364,000 | 369,000 | 394,639 | 397,545 | 404,252 | 395,564 | 442,720 | 410,468 | 404,127 | 420,080 | 449,110 | 438,526 | 435,053 | 442,244 | 464,970 | 438,774 | 423,953 | 442,004 | 461,595 | 446,938 | 445,177 | 429,605 | 454,645 | 411,153 |
Depreciation, amortization and accretion | ||||||||||||||||||||||||||||||||||||||||||
177,000 | 175,000 | 181,000 | 177,000 | 169,000 | 162,000 | 160,000 | 159,000 | 159,000 | 154,000 | 153,000 | 155,000 | 153,000 | 156,000 | 155,000 | 154,000 | 153,000 | 157,000 | 152,000 | 151,000 | 147,000 | 140,958 | 148,952 | 148,337 | 167,753 | 210,371 | 200,985 | 202,580 | 189,845 | 169,242 | 145,151 | 147,555 | 146,685 | 141,976 | 141,664 | 146,577 | 143,340 | 140,076 | 143,191 | 144,455 | 143,233 | 146,052 | 138,777 |
Loss on impairment of goodwill | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | 370,000 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
(Gain) loss on asset disposals, net | ||||||||||||||||||||||||||||||||||||||||||
-4,000 | -7,000 | -5,000 | -5,000 | -2,000 | -5,000 | -3,000 | -1,000 | -1,000 | -3,000 | -5,000 | -5,000 | -4,000 | -5,000 | -7,000 | -5,000 | -5,000 | -4,000 | -3,000 | -5,000 | -4,000 | -4,226 | -7,947 | -6,893 | -1,934 | -14,453 | -1,701 | -9,018 | -5,434 | -2,121 | -11,262 | -2,702 | -2,003 | -15,630 | 9,700 | -2,922 | -1,037 | -2,310 | -1,981 | -1,250 | -5,176 | -2,085 | -2,611 |
Gain (Loss) on Disposition of Business | ||||||||||||||||||||||||||||||||||||||||||
0 | -1,000 | 0 | 0 | 2,000 | 0 | 0 | 0 | 0 | - | 1,000 | - | - | - | 0 | - | - | 0 | 1,000 | 2,000 | 111,000 | 5,306 | 10,283 | 10,511 | 6,900 | 3,140 | 1,534 | 249,024 | -6,931 | -25,170 | -65 | 0 | 4,213 | - | - | - | - | - | - | - | - | - | - |
(Gain) loss on license sales and exchanges, net | ||||||||||||||||||||||||||||||||||||||||||
0 | 0 | -2,000 | 0 | 2,000 | 0 | 0 | 11,000 | 7,000 | 3,000 | 0 | 2,000 | 17,000 | - | 7,000 | 9,000 | - | 0 | 24,000 | 0 | 123,000 | 21,554 | 0 | 0 | 91,446 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Total operating expenses | ||||||||||||||||||||||||||||||||||||||||||
913,000 | 1,054,000 | 1,011,000 | 943,000 | 902,000 | 1,047,000 | 967,000 | 918,000 | 877,000 | 1,031,000 | 1,323,000 | 958,000 | 882,000 | 1,020,000 | 1,001,000 | 962,000 | 959,000 | 1,010,000 | 991,000 | 968,000 | 715,000 | 1,058,161 | 1,051,773 | 1,008,080 | 917,986 | 933,210 | 982,443 | 776,038 | 1,080,280 | 1,175,994 | 1,092,278 | 1,020,237 | 1,006,919 | 1,083,317 | 1,008,819 | 972,086 | 998,344 | 1,064,164 | 999,422 | 966,389 | 946,233 | 997,747 | 903,305 |
Operating income | ||||||||||||||||||||||||||||||||||||||||||
50,000 | -2,000 | 20,000 | 30,000 | 64,000 | 3,000 | 34,000 | 56,000 | 65,000 | -3,000 | -360,000 | 5,000 | 54,000 | -14,000 | 22,000 | 30,000 | 10,000 | 11,000 | 78,000 | 8,000 | 250,000 | -40,164 | -51,354 | -50,307 | 7,825 | -30,486 | -43,207 | 219,092 | 1,466 | -60,788 | 48,079 | 84,163 | 85,202 | 16,316 | 101,620 | 104,096 | 58,748 | -1,014 | 61,359 | 63,504 | 77,624 | 59,548 | 138,838 |
Investment and other income (expense) | ||||||||||||||||||||||||||||||||||||||||||
Income (Loss) from Equity Method Investments | ||||||||||||||||||||||||||||||||||||||||||
45,000 | 38,000 | 44,000 | 40,000 | 44,000 | 39,000 | 42,000 | 40,000 | 38,000 | 36,000 | 35,000 | 33,000 | 33,000 | 30,000 | 38,000 | 37,000 | 35,000 | 30,000 | 40,000 | 36,000 | 34,000 | 23,834 | 35,971 | 33,120 | 37,075 | 32,152 | 37,360 | 35,602 | 26,835 | 18,780 | 24,816 | 25,154 | 21,614 | 18,277 | 21,929 | 22,469 | 20,891 | 22,900 | 23,971 | 25,753 | 24,694 | 23,126 | 24,794 |
Interest and dividend income | ||||||||||||||||||||||||||||||||||||||||||
4,000 | 2,000 | 4,000 | 5,000 | 6,000 | 4,000 | 4,000 | 3,000 | 4,000 | 1,000 | 2,000 | 2,000 | 3,000 | 1,000 | 1,000 | 2,000 | 2,000 | -24,000 | 9,000 | 9,000 | 8,000 | -3,029 | 3,572 | 1,573 | 884 | 994 | 1,095 | 969 | 903 | 821 | 935 | 845 | 1,043 | 929 | 869 | 748 | 849 | 824 | 1,101 | 862 | 1,021 | 1,420 | 751 |
Gain (loss) on investments | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,527 | - | - | - | -3,728 | - | - | - | 13,373 | - | - | - | - | - | - | - |
Interest expense | ||||||||||||||||||||||||||||||||||||||||||
24,000 | 23,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 29,000 | 28,000 | 28,000 | 28,000 | 29,000 | 28,000 | 28,000 | 28,000 | 25,000 | 21,000 | 20,000 | 20,000 | 14,288 | 13,514 | 14,336 | 14,862 | 11,570 | 11,329 | 10,154 | 10,910 | 7,121 | 9,501 | 12,360 | 13,411 | 13,709 | 11,522 | 25,197 | 15,186 | 12,637 | 15,956 | 16,438 | 16,524 | 19,782 | 19,856 |
Other, net | ||||||||||||||||||||||||||||||||||||||||||
1,000 | - | - | 0 | 0 | - | - | 0 | -1,000 | 1,000 | 0 | 0 | -1,000 | - | - | -1,000 | 1,000 | - | - | - | - | -1,281 | 95 | 100 | 86 | 135 | 47 | 321 | -215 | 327 | 200 | -229 | 202 | -631 | -97 | 175 | -125 | 285 | -620 | 472 | -65 | 905 | -2 |
Total investment and other income | ||||||||||||||||||||||||||||||||||||||||||
26,000 | 17,000 | 19,000 | 16,000 | 21,000 | 14,000 | 17,000 | 14,000 | 12,000 | 9,000 | 9,000 | 7,000 | 7,000 | 3,000 | 11,000 | 10,000 | 10,000 | -18,000 | 28,000 | 25,000 | 22,000 | 5,236 | 26,124 | 20,457 | 23,183 | 21,740 | 27,173 | 45,265 | 16,613 | 12,817 | 16,450 | 9,682 | 9,448 | 2,866 | 11,179 | 11,568 | 6,429 | 11,372 | 8,496 | 10,649 | 9,126 | 5,669 | 5,687 |
Income before income taxes | ||||||||||||||||||||||||||||||||||||||||||
76,000 | 15,000 | 39,000 | 46,000 | 85,000 | 17,000 | 51,000 | 70,000 | 77,000 | 6,000 | -351,000 | 12,000 | 61,000 | -11,000 | 33,000 | 40,000 | 20,000 | -7,000 | 106,000 | 33,000 | 272,000 | -34,928 | -25,230 | -29,850 | 31,008 | -8,746 | -16,034 | 264,357 | 18,079 | -47,971 | 64,529 | 93,845 | 94,650 | 19,182 | 112,799 | 115,664 | 65,177 | 10,358 | 69,855 | 74,153 | 86,750 | 65,217 | 144,525 |
Income tax expense | ||||||||||||||||||||||||||||||||||||||||||
4,000 | -4,000 | 15,000 | 14,000 | 27,000 | -3,000 | 14,000 | 18,000 | 22,000 | -267,000 | -53,000 | 0 | 33,000 | -6,000 | 15,000 | 13,000 | 11,000 | -4,000 | 41,000 | 13,000 | 107,000 | -12,746 | -1,459 | -10,399 | 12,604 | -8,484 | -6,433 | 120,682 | 7,369 | -18,647 | 22,389 | 34,597 | 25,638 | 11,307 | 43,292 | 34,732 | 24,747 | -5,524 | 25,639 | 28,181 | 33,662 | 25,279 | 56,788 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | ||||||||||||||||||||||||||||||||||||||||||
72,000 | 19,000 | 24,000 | 32,000 | 58,000 | 20,000 | 37,000 | 52,000 | 55,000 | 273,000 | -298,000 | 12,000 | 28,000 | -5,000 | 18,000 | 27,000 | 9,000 | -3,000 | 65,000 | 20,000 | 165,000 | -22,182 | -23,771 | -19,451 | 18,404 | -262 | -9,601 | 143,675 | 10,710 | -29,324 | 42,140 | 59,248 | 69,012 | 7,875 | 69,507 | 80,932 | 40,430 | 15,882 | 44,216 | 45,972 | 53,088 | 39,938 | 87,737 |
Less: Net income attributable to noncontrolling interests, net of tax | ||||||||||||||||||||||||||||||||||||||||||
1,000 | 0 | 1,000 | 1,000 | 4,000 | 0 | 1,000 | 3,000 | 10,000 | 0 | 1,000 | 0 | 2,000 | - | 1,000 | - | - | -1,000 | 1,000 | 1,000 | 5,000 | -654 | -1,606 | -662 | -1,078 | -1,854 | 258 | 284 | 5,796 | 10,298 | 6,689 | 6,563 | 6,520 | 5,074 | 7,367 | 5,993 | 5,269 | 6,226 | 5,920 | 5,219 | 5,719 | 5,606 | 5,969 |
Net income attributable to U.S. Cellular shareholders | ||||||||||||||||||||||||||||||||||||||||||
71,000 | 19,000 | 23,000 | 31,000 | 54,000 | 20,000 | 36,000 | 49,000 | 45,000 | 273,000 | -299,000 | 12,000 | 26,000 | -5,000 | 17,000 | 27,000 | 9,000 | -2,000 | 64,000 | 19,000 | 160,000 | -21,528 | -22,165 | -18,789 | 19,482 | 1,592 | -9,859 | 143,391 | 4,914 | -39,622 | 35,451 | 52,685 | 62,492 | 2,801 | 62,140 | 74,939 | 35,161 | 9,656 | 38,296 | 40,753 | 47,369 | 34,332 | 81,768 |
Basic weighted average shares outstanding (in shares) | ||||||||||||||||||||||||||||||||||||||||||
86,000 | 85,000 | 86,000 | 87,000 | 86,000 | 87,000 | 86,000 | 86,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 86,000 | 85,000 | 85,000 | 84,000 | 84,000 | 84,000 | 84,000 | 84,000 | 83,213 | 84,233 | 84,341 | 84,213 | 84,184 | 84,005 | 83,845 | 83,838 | 84,566 | 84,737 | 84,707 | 84,570 | 84,547 | 84,547 | 84,930 | 85,484 | 85,519 | 85,992 | 86,425 | 86,576 | 86,848 | 86,992 |
Basic earnings per share attributable to U.S. Cellular shareholders (USD per share) | ||||||||||||||||||||||||||||||||||||||||||
0.82 | 0.21 | 0.27 | 0.36 | 0.63 | 0.24 | 0.42 | 0.57 | 0.52 | 3.20 | -3.51 | 0.14 | 0.31 | -0.06 | 0.20 | 0.32 | 0.10 | -0.02 | 0.75 | 0.23 | 1.90 | -0.26 | -0.26 | -0.22 | 0.23 | 0.02 | -0.12 | 1.71 | 0.06 | -0.47 | 0.42 | 0.62 | 0.74 | 0.04 | 0.73 | 0.88 | 0.41 | 0.11 | 0.45 | 0.47 | 0.55 | 0.40 | 0.94 |
Diluted weighted average shares outstanding (in shares) | ||||||||||||||||||||||||||||||||||||||||||
88,000 | 88,000 | 88,000 | 88,000 | 88,000 | 89,000 | 87,000 | 86,000 | 86,000 | 87,000 | 85,000 | 86,000 | 86,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 85,000 | 82,361 | 84,233 | 84,341 | 85,065 | 85,666 | 84,005 | 84,661 | 84,588 | 85,203 | 85,348 | 85,236 | 85,133 | 85,354 | 84,940 | 85,397 | 86,101 | 85,879 | 86,428 | 86,787 | 86,978 | 87,128 | 87,177 |
Diluted earnings per share attributable to U.S. Cellular shareholders (USD per share) | ||||||||||||||||||||||||||||||||||||||||||
0.81 | 0.20 | 0.27 | 0.35 | 0.62 | 0.23 | 0.41 | 0.56 | 0.52 | 3.20 | -3.51 | 0.14 | 0.31 | -0.06 | 0.20 | 0.32 | 0.10 | -0.03 | 0.75 | 0.23 | 1.89 | -0.26 | -0.26 | -0.22 | 0.23 | 0.02 | -0.12 | 1.69 | 0.06 | -0.47 | 0.42 | 0.62 | 0.73 | 0.03 | 0.73 | 0.88 | 0.41 | 0.12 | 0.44 | 0.47 | 0.54 | 0.39 | 0.94 |
Special dividend per share to U.S. Cellular shareholders | ||||||||||||||||||||||||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.75 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Service | ||||||||||||||||||||||||||||||||||||||||||
Total operating revenues | ||||||||||||||||||||||||||||||||||||||||||
762,000 | 763,000 | 774,000 | 757,000 | 741,000 | 754,000 | 759,000 | 741,000 | 724,000 | 755,000 | 737,000 | 740,000 | 746,000 | 752,000 | 784,000 | 774,000 | 771,000 | 836,000 | 896,000 | 824,000 | 828,000 | 858,851 | 851,063 | 843,473 | 853,613 | 825,128 | 862,330 | 910,966 | 996,349 | 1,008,924 | 1,036,370 | 1,029,742 | 1,023,820 | 1,030,045 | 1,036,609 | 1,002,030 | 985,113 | 991,914 | 983,503 | 972,576 | 965,008 | 983,918 | 974,348 |
Cost of equipment sold | ||||||||||||||||||||||||||||||||||||||||||
180,000 | 188,000 | 199,000 | 193,000 | 176,000 | 192,000 | 200,000 | 187,000 | 179,000 | 183,000 | 185,000 | 189,000 | 175,000 | 187,000 | 196,000 | 193,000 | 184,000 | 189,000 | 199,000 | 196,000 | 191,000 | 202,512 | 199,750 | 187,131 | 180,607 | 177,438 | 177,431 | 192,267 | 216,299 | 221,169 | 249,245 | 243,227 | 233,164 | 242,123 | 241,852 | 227,801 | 217,603 | 216,254 | 218,021 | 213,542 | 207,114 | 205,611 | 194,709 |
Equipment sales | ||||||||||||||||||||||||||||||||||||||||||
Total operating revenues | ||||||||||||||||||||||||||||||||||||||||||
201,000 | 289,000 | 257,000 | 216,000 | 225,000 | 296,000 | 242,000 | 233,000 | 218,000 | 273,000 | 226,000 | 223,000 | 190,000 | 254,000 | 239,000 | 218,000 | 198,000 | 185,000 | 173,000 | 152,000 | 137,000 | 159,146 | 149,356 | 114,300 | 72,198 | 77,596 | 76,906 | 84,164 | 85,397 | 106,282 | 103,987 | 74,658 | 68,301 | 69,588 | 73,830 | 74,152 | 71,979 | 71,236 | 77,278 | 57,317 | 58,849 | 73,377 | 67,795 |
Cost of equipment sold | ||||||||||||||||||||||||||||||||||||||||||
217,000 | 305,000 | 266,000 | 224,000 | 233,000 | 314,000 | 258,000 | 240,000 | 219,000 | 322,000 | 261,000 | 260,000 | 228,000 | 283,000 | 280,000 | 262,000 | 256,000 | 274,000 | 287,000 | 254,000 | 238,000 | 342,686 | 307,862 | 271,978 | 270,474 | 346,847 | 193,392 | 217,070 | 241,691 | 309,182 | 248,029 | 191,700 | 187,036 | 230,380 | 196,229 | 170,833 | 194,360 | 243,929 | 189,291 | 161,965 | 161,105 | 189,354 | 156,055 |