UNITED STATES CELLULAR CORPORATION UZC Income Statement

United states cellular corporation (UZC)

Income statement / TTM

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
4,019	4,022	4,020	3,990	3,991	3,967	3,945	3,907	3,896	3,890	3,868	3,928	3,957	3,990	4,005	4,051	4,035	4,031	4,027	3,959	3,941	3,902	3,786	3,725	3,762	3,918	4,131	4,332	4,441	4,452	4,436	4,406	4,378	4,343	4,306	4,257	4,210	4,177	4,171	4,153	0	0	0
Operating expenses
Selling, general and administrative (including charges from affiliates of $19 million and $20 million, respectively)
1,415	1,406	1,402	1,390	1,388	1,388	1,386	1,390	1,399	1,412	1,432	1,452	1,458	1,480	1,474	1,479	1,486	1,494	1,502	1,525	1,565	1,592	1,640	1,653	1,652	1,677	1,683	1,711	1,742	1,764	1,780	1,781	1,769	1,769	1,766	1,774	1,795	1,783	1,776	1,740	0	0	0
Depreciation, amortization and accretion
710	702	689	668	650	640	632	625	621	615	617	619	618	618	619	616	613	607	590	587	585	606	675	727	781	803	762	706	651	608	581	577	576	573	571	573	571	570	576	572	0	0	0
Loss on impairment of goodwill
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on asset disposals, net
-21	-19	-17	-15	-11	-10	-8	-10	-14	-17	-19	-21	-21	-22	-21	-17	-17	-16	-16	-21	-23	-21	-31	-24	-27	-30	-18	-27	-21	-18	-31	-10	-10	-9	3	-8	-6	-10	-10	-11	0	0	0
Gain (Loss) on Disposition of Business
-1	1	2	2	2	0	1	0	0	-	0	-	-	-	0	-	-	114	119	128	137	33	30	22	260	246	218	216	-32	-21	0	0	0	-	-	-	-	-	-	-	-	-	-
(Gain) loss on license sales and exchanges, net
-2	0	0	2	13	18	21	21	12	22	0	35	0	-	0	0	-	147	168	144	144	113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total operating expenses
3,921	3,910	3,903	3,859	3,834	3,809	3,793	4,149	4,189	4,194	4,183	3,861	3,865	3,942	3,932	3,922	3,928	3,684	3,732	3,792	3,833	4,036	3,911	3,841	3,609	3,771	4,014	4,124	4,368	4,295	4,202	4,119	4,071	4,062	4,043	4,034	4,028	3,976	3,909	3,813	0	0	0
Operating income
98	112	117	131	157	158	152	-242	-293	-304	-315	67	92	48	73	129	107	347	295	166	108	-134	-124	-116	153	146	116	207	72	156	233	287	307	280	263	223	182	201	262	339	0	0	0
Investment and other income (expense)
Income (Loss) from Equity Method Investments
167	166	167	165	165	159	156	149	142	137	131	134	138	140	140	142	141	140	133	129	126	130	138	139	142	131	118	106	95	90	89	86	84	83	88	90	93	97	97	98	0	0	0
Interest and dividend income
15	17	19	19	17	15	12	10	9	8	8	7	7	6	-19	-11	-4	2	22	17	10	3	7	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	4	0	0	0
Gain (loss) on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-
Interest expense
105	110	116	116	116	116	116	115	114	113	113	113	113	113	109	102	94	86	75	67	62	57	54	52	47	43	39	37	39	42	48	51	63	65	64	68	60	61	68	72	0	0	0
Other, net
0	-	-	0	0	-	-	0	0	0	0	0	0	-	-	0	0	-	-	-	-	-1	0	0	0	0	0	0	0	0	-0	-0	-0	-0	0	-0	0	0	0	1	0	0	0
Total investment and other income
78	73	70	68	66	57	52	44	37	32	26	28	31	34	13	30	45	57	80	78	73	75	91	92	117	110	101	91	55	48	38	33	35	32	40	37	36	39	33	31	0	0	0
Income before income taxes
176	185	187	199	223	215	204	-198	-256	-272	-289	95	123	82	86	159	152	404	376	244	181	-59	-32	-23	270	257	218	298	128	205	272	320	342	312	303	261	219	241	295	370	0	0	0
Income tax expense
29	52	53	52	56	51	-213	-280	-298	-287	-26	42	55	33	35	61	61	157	148	105	82	-12	-7	-12	118	113	102	131	45	63	93	114	114	114	97	79	73	81	112	143	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
147	133	134	147	167	164	417	82	42	15	-263	53	68	49	51	98	91	247	227	139	99	-47	-25	-10	152	144	115	167	82	141	178	205	227	198	206	181	146	159	183	226	0	0	0
Less: Net income attributable to noncontrolling interests, net of tax
3	6	6	6	8	14	14	14	11	3	0	0	0	-	0	-	-	6	6	3	2	-4	-5	-3	-2	4	16	23	29	30	24	25	24	23	24	23	22	23	22	22	0	0	0
Net income attributable to U.S. Cellular shareholders
144	127	128	141	159	150	403	68	31	12	-266	50	65	48	51	98	90	241	221	135	97	-43	-19	-7	154	140	98	144	53	111	153	180	202	175	181	158	123	136	160	204	0	0	0
Basic weighted average shares outstanding (in shares)
86	85	86	87	86	87	86	86	85	85	85	85	85	86	85	85	84	84	84	84	84	83	84	84	84	84	84	83	83	84	84	84	84	84	84	84	85	85	85	86	86	86	86
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	88	88	88	88	89	87	86	86	87	85	86	86	85	85	85	85	85	85	85	85	82	84	84	85	85	84	84	84	85	85	85	85	85	84	85	86	85	86	86	86	87	87
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
3,056	3,035	3,026	3,011	2,995	2,978	2,979	2,957	2,956	2,978	2,975	3,022	3,056	3,081	3,165	3,277	3,327	3,384	3,406	3,361	3,381	3,407	3,373	3,384	3,452	3,594	3,778	3,952	4,071	4,098	4,119	4,120	4,092	4,053	4,015	3,962	3,933	3,913	3,905	3,895	0	0	0
Cost of equipment sold
760	756	760	761	755	758	749	734	736	732	736	747	751	760	762	765	768	775	788	789	780	770	744	722	727	763	807	878	929	946	967	960	944	929	903	879	865	854	844	820	0	0	0
Equipment sales
Total operating revenues
963	987	994	979	996	989	966	950	940	912	893	906	901	909	840	774	708	647	621	597	559	495	413	341	310	324	352	379	370	353	316	286	285	289	291	294	277	264	266	257	0	0	0
Cost of equipment sold
1,012	1,028	1,037	1,029	1,045	1,031	1,039	1,042	1,062	1,071	1,032	1,051	1,053	1,081	1,072	1,079	1,071	1,053	1,121	1,142	1,160	1,193	1,197	1,082	1,027	999	961	1,015	990	935	857	805	784	791	805	798	789	756	701	668	0	0	0