United States Cellular Corporation (USM) Financial Statements (2024 and earlier)

Company Profile

Business Address 8410 W BRYN MAWR AVE
CHICAGO, IL 60631
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 4812 - Radiotelephone Communications (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2731561,274292597402
Cash and cash equivalents2731561,271285580352
Short-term investments   371750
Restricted cash and investments35432063 
Receivables9871,0971,039965908775
Inventory, net of allowances, customer advances and progress billings261173146162142138
Inventory261173146162142138
Prepaid expense685851506379
Contract with customer, asset, after allowance for credit loss     
Disposal group, including discontinued operation  182 5410
Other current assets454929203421
Other undisclosed current assets541162781158
Total current assets:1,7231,6052,6231,5731,8121,483
Noncurrent Assets
Operating lease, right-of-use asset918959924900
Property, plant and equipment2,6242,6062,4662,2072,2022,320
Long-term investments and receivables452439435447441415
Long-term investments452439435447441415
Intangible assets, net (including goodwill)4,6904,0882,6292,4712,1862,223
Intangible assets, net (excluding goodwill)4,6904,0882,6292,4712,1862,223
Other noncurrent assets686626602566579390
Other undisclosed noncurrent assets26182 5410
Total noncurrent assets:9,3968,7367,0586,5915,4625,358
TOTAL ASSETS:11,11910,3419,6818,1647,2746,841
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities463462507402412432
Taxes payable3348303056
Employee-related liabilities8382767874
Accounts payable344346377296304302
Accrued liabilities119     
Deferred revenue239191151 
Debt133281918
Deferred revenue and credits185
Due to related parties121410898
Contract with customer, liability157
Other liabilities33510485799490
Other undisclosed current liabilities133129116253  
Total current liabilities:1,195903871750691733
Noncurrent Liabilities
Long-term debt and lease obligation, including:3,1872,7282,4891,5021,6051,622
Other undisclosed long-term debt and lease obligation3,1871,8391,6146371,6051,622
Liabilities, other than long-term debt2,1551,2471,010826390798
Deferred tax liabilities, net 461
Deferred income tax liabilities708674633507
Disposal group, including discontinued operation, liabilities   1 1 
Other liabilities604573376319389337
Operating lease, liability843889875865
Other undisclosed noncurrent liabilities (2)886872861510(10)
Total noncurrent liabilities:5,3404,8614,3713,1892,5052,410
Total liabilities:6,5355,7645,2423,9393,1963,143
Temporary equity, carrying amount141413151111
Equity
Equity, attributable to parent4,5544,5474,4114,1974,0573,677
Common stock888888888888
Treasury stock, value(98)(68)(67)(70)(65)(120)
Additional paid in capital1,7031,6781,6511,6291,5901,552
Retained earnings2,8612,8492,7392,5502,4442,157
Equity, attributable to noncontrolling interest161615131010
Total equity:4,5704,5634,4264,2104,0673,687
TOTAL LIABILITIES AND EQUITY:11,11910,3419,6818,1647,2746,841

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues4,1694,1224,0374,0223,9673,890
Revenue, net3,890
Cost of revenue
(Cost of Goods and Services Sold)
      (1,071)
Gross profit:4,1694,1224,0374,0223,9672,819
Operating expenses(4,100)(3,952)(3,864)(3,910)(3,809)(4,194)
Other undisclosed operating income      1,071
Operating income (loss):69170173112158(304)
Nonoperating income (expense)31077735732
Investment income, nonoperating861017158
Interest and debt expense(163)(175)(112)(110)(116)(113)
Income (loss) from continuing operations before equity method investments, income taxes:(91)51387599(385)
Other undisclosed income from continuing operations before income taxes163175112110116113
Income (loss) from continuing operations before income taxes:72180250185215(272)
Income tax expense (benefit)(37)(20)(17)(52)(51)287
Income from continuing operations:3516023313316415
Income before gain (loss) on sale of properties:16023313316415
Net income:3516023313316415
Net loss attributable to noncontrolling interest(5)(5)(4)(6)(14)(3)
Net income available to common stockholders, diluted:3015522912715012

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:3516023313316415
Comprehensive income:3516023313316415
Comprehensive loss, net of tax, attributable to noncontrolling interest(5)(5)(4)(6)(14)(3)
Comprehensive income, net of tax, attributable to parent:3015522912715012

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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