| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Operating revenues | |||||||||||
Total operating revenues | |||||||||||
4,022 | 3,967 | 3,890 | 3,990 | 4,031 | 3,902 | 3,918 | 4,452 | 4,343 | 4,177 | 4,213 | 4,242 |
Operating expenses | |||||||||||
Selling, general and administrative (including charges from affiliates of $19 million and $20 million, respectively) | |||||||||||
1,406 | 1,388 | 1,412 | 1,480 | 1,494 | 1,592 | 1,677 | 1,764 | 1,769 | 1,783 | 1,747 | 1,706 |
Depreciation, amortization and accretion | |||||||||||
702 | 640 | 615 | 618 | 607 | 606 | 803 | 608 | 573 | 570 | 564 | 572 |
Loss on impairment of goodwill | |||||||||||
0 | 0 | 370 | 0 | 0 | - | - | - | - | - | - | - |
(Gain) loss on asset disposals, net | |||||||||||
-19 | -10 | -17 | -22 | -16 | -21 | -30 | -18 | -9 | -10 | -16 | -17 |
Gain (Loss) on Disposition of Business | |||||||||||
1 | 0 | 1 | 0 | 114 | 33 | 246 | -21 | - | - | - | - |
(Gain) loss on license sales and exchanges, net | |||||||||||
0 | 18 | 22 | 19 | 147 | 113 | 255 | - | 11 | - | - | - |
Loss on impairment of intangible assets | |||||||||||
- | - | - | - | - | - | - | - | - | - | 14 | 386 |
Total operating expenses | |||||||||||
3,910 | 3,809 | 4,194 | 3,942 | 3,684 | 4,036 | 3,771 | 4,295 | 4,062 | 3,976 | 3,888 | 4,209 |
Operating income | |||||||||||
112 | 158 | -304 | 48 | 347 | -134 | 146 | 156 | 280 | 201 | 325 | 32 |
Investment and other income (expense) | |||||||||||
Income (Loss) from Equity Method Investments | |||||||||||
166 | 159 | 137 | 140 | 140 | 130 | 131 | 90 | 83 | 97 | 96 | 91 |
Interest and dividend income | |||||||||||
17 | 15 | 8 | 6 | 2 | 3 | 3 | 3 | 3 | 3 | 3 | 5 |
Gain (loss) on investments | |||||||||||
- | - | - | - | - | - | 18 | -3 | 11 | - | - | 16 |
Interest expense | |||||||||||
110 | 116 | 113 | 113 | 86 | 57 | 43 | 42 | 65 | 61 | 78 | 78 |
Other, net | |||||||||||
0 | -1 | 0 | 1 | 1 | -1 | 0 | 0 | -0 | 0 | 1 | 1 |
Total investment and other income | |||||||||||
73 | 57 | 32 | 34 | 57 | 75 | 110 | 48 | 32 | 39 | 23 | 37 |
Income before income taxes | |||||||||||
185 | 215 | -272 | 82 | 404 | -59 | 257 | 205 | 312 | 241 | 349 | 69 |
Income tax expense | |||||||||||
52 | 51 | -287 | 33 | 157 | -12 | 113 | 63 | 114 | 81 | 117 | 9 |
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | |||||||||||
133 | 164 | 15 | 49 | 247 | -47 | 144 | 141 | 198 | 159 | 231 | 60 |
Less: Net income attributable to noncontrolling interests, net of tax | |||||||||||
6 | 14 | 3 | 1 | 6 | -4 | 4 | 30 | 23 | 23 | 21 | 25 |
Net income attributable to U.S. Cellular shareholders | |||||||||||
127 | 150 | 12 | 48 | 241 | -43 | 140 | 111 | 175 | 136 | 209 | 35 |
Basic weighted average shares outstanding (in shares) | |||||||||||
86 | 86 | 85 | 85 | 84 | 84 | 83 | 84 | 84 | 86 | 86 | 87 |
Basic earnings per share attributable to U.S. Cellular shareholders (USD per share) | |||||||||||
1.47 | 1.75 | 0.14 | 0.56 | 2.86 | -0.51 | 1.67 | 1.31 | 2.06 | 1.58 | 2.41 | 0.41 |
Diluted weighted average shares outstanding (in shares) | |||||||||||
88 | 87 | 86 | 85 | 85 | 84 | 84 | 85 | 85 | 86 | 87 | 87 |
Diluted earnings per share attributable to U.S. Cellular shareholders (USD per share) | |||||||||||
1.44 | 1.72 | 0.14 | 0.56 | 2.84 | -0.51 | 1.65 | 1.30 | 2.05 | 1.57 | 2.40 | 0.41 |
Special dividend per share to U.S. Cellular shareholders | |||||||||||
- | - | - | - | - | - | 5.75 | - | - | - | - | - |
Service | |||||||||||
Total operating revenues | |||||||||||
3,035 | 2,978 | 2,978 | 3,081 | 3,384 | 3,407 | 3,594 | 4,098 | 4,053 | 3,913 | 3,927 | 3,939 |
Cost of equipment sold | |||||||||||
756 | 758 | 732 | 760 | 775 | 770 | 763 | 946 | 929 | 854 | 802 | 783 |
Equipment sales | |||||||||||
Total operating revenues | |||||||||||
987 | 989 | 912 | 909 | 647 | 495 | 324 | 353 | 289 | 264 | 286 | 302 |
Cost of equipment sold | |||||||||||
1,028 | 1,031 | 1,071 | 1,081 | 1,053 | 1,193 | 999 | 935 | 791 | 756 | 742 | 743 |