United States Cellular Corporation (USM) Financial Statements (2025 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)
| 9/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 150 | 273 | 156 | 1,274 | 292 | 597 | |||
| Cash and cash equivalents | 150 | 273 | 156 | 1,271 | 285 | 580 | |||
| Short-term investments | 3 | 7 | 17 | ||||||
| Restricted cash and investments | 29 | 35 | 43 | 20 | 6 | 3 | |||
| Receivables | 897 | 987 | 1,097 | 1,039 | 965 | 908 | |||
| Inventory, net of allowances, customer advances and progress billings | 199 | 261 | 173 | 146 | 162 | 142 | |||
| Inventory | 199 | 261 | 173 | 146 | 162 | 142 | |||
| Prepaid expense | 57 | 68 | 58 | 51 | 50 | 63 | |||
| Contract with customer, asset, after allowance for credit loss | |||||||||
| Disposal group, including discontinued operation | 18 | 2 | 54 | ||||||
| Other current assets | 36 | 45 | 49 | 29 | 20 | 34 | |||
| Other undisclosed current assets | 32 | 54 | 11 | 62 | 78 | 11 | |||
| Total current assets: | 1,400 | 1,723 | 1,605 | 2,623 | 1,573 | 1,812 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 915 | 918 | 959 | 924 | 900 | ✕ | |||
| Property, plant and equipment | 2,576 | 2,624 | 2,606 | 2,466 | 2,207 | 2,202 | |||
| Long-term investments and receivables | 461 | 452 | 439 | 435 | 447 | 441 | |||
| Long-term investments | 461 | 452 | 439 | 435 | 447 | 441 | |||
| Intangible assets, net (including goodwill) | 4,693 | 4,690 | 4,088 | 2,629 | 2,471 | 2,186 | |||
| Intangible assets, net (excluding goodwill) | 4,693 | 4,690 | 4,088 | 2,629 | 2,471 | 2,186 | |||
| Other noncurrent assets | 690 | 686 | 626 | 602 | 566 | 579 | |||
| Other undisclosed noncurrent assets | 15 | 26 | 18 | 2 | 54 | ||||
| Total noncurrent assets: | 9,350 | 9,396 | 8,736 | 7,058 | 6,591 | 5,462 | |||
| TOTAL ASSETS: | 10,750 | 11,119 | 10,341 | 9,681 | 8,164 | 7,274 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 356 | 463 | 462 | 507 | 402 | 412 | |||
| Taxes payable | ✕ | ✕ | ✕ | 33 | 48 | 30 | 30 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 83 | 82 | 76 | 78 | ||
| Accounts payable | 241 | 344 | 346 | 377 | 296 | 304 | |||
| Accrued liabilities | 115 | 119 | |||||||
| Deferred revenue | 229 | 239 | 191 | 151 | ✕ | ||||
| Debt | 20 | 13 | 3 | 2 | 8 | 19 | |||
| Other liabilities | 154 | 335 | 104 | 85 | 79 | 94 | |||
| Due to related parties | ✕ | ✕ | 12 | 14 | 10 | 8 | 9 | ||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 157 | ||
| Other undisclosed current liabilities | 142 | 133 | 129 | 116 | 253 | ||||
| Total current liabilities: | 901 | 1,195 | 903 | 871 | 750 | 691 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 3,044 | 3,187 | 2,728 | 2,489 | 1,502 | 1,605 | |||
| Other undisclosed long-term debt and lease obligation | 3,044 | 3,187 | 1,839 | 1,614 | 637 | 1,605 | |||
| Liabilities, other than long-term debt | 2,151 | 2,155 | 1,247 | 1,010 | 826 | 390 | |||
| Deferred income tax liabilities | 755 | 708 | 674 | 633 | 507 | ✕ | |||
| Disposal group, including discontinued operation, liabilities | 1 | 1 | |||||||
| Other liabilities | 565 | 604 | 573 | 376 | 319 | 389 | |||
| Operating lease, liability | 831 | 843 | 889 | 875 | 865 | ✕ | |||
| Other undisclosed noncurrent liabilities | (2) | (2) | 886 | 872 | 861 | 510 | |||
| Total noncurrent liabilities: | 5,193 | 5,340 | 4,861 | 4,371 | 3,189 | 2,505 | |||
| Total liabilities: | 6,094 | 6,535 | 5,764 | 5,242 | 3,939 | 3,196 | |||
| Temporary equity, carrying amount | 14 | 14 | 14 | 13 | 15 | 11 | |||
| Equity | |||||||||
| Equity, attributable to parent | 4,626 | 4,554 | 4,547 | 4,411 | 4,197 | 4,057 | |||
| Common stock | 88 | 88 | 88 | 88 | 88 | 88 | |||
| Treasury stock, value | (80) | (98) | (68) | (67) | (70) | (65) | |||
| Additional paid in capital | 1,726 | 1,703 | 1,678 | 1,651 | 1,629 | 1,590 | |||
| Retained earnings | 2,892 | 2,861 | 2,849 | 2,739 | 2,550 | 2,444 | |||
| Equity, attributable to noncontrolling interest | 16 | 16 | 16 | 15 | 13 | 10 | |||
| Total equity: | 4,642 | 4,570 | 4,563 | 4,426 | 4,210 | 4,067 | |||
| TOTAL LIABILITIES AND EQUITY: | 10,750 | 11,119 | 10,341 | 9,681 | 8,164 | 7,274 | |||
Income Statement (P&L) ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 3,906 | 4,169 | 4,122 | 4,037 | 4,022 | 3,967 | ||
| Gross profit: | 3,906 | 4,169 | 4,122 | 4,037 | 4,022 | 3,967 | ||
| Operating expenses | (3,767) | (4,100) | (3,952) | (3,864) | (3,910) | (3,809) | ||
| Operating income: | 139 | 69 | 170 | 173 | 112 | 158 | ||
| Nonoperating income (expense) | (28) | 3 | 10 | 77 | 73 | 57 | ||
| Investment income, nonoperating | 10 | 8 | 6 | 10 | 17 | 15 | ||
| Interest and debt expense | (196) | (163) | (175) | (112) | (110) | (116) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (85) | (91) | 5 | 138 | 75 | 99 | ||
| Other undisclosed income from continuing operations before income taxes | 196 | 163 | 175 | 112 | 110 | 116 | ||
| Income from continuing operations before income taxes: | 111 | 72 | 180 | 250 | 185 | 215 | ||
| Income tax expense | (53) | (37) | (20) | (17) | (52) | (51) | ||
| Income (loss) from continuing operations: | 58 | 35 | 160 | 233 | 133 | 164 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 160 | 233 | 133 | 164 | |
| Net income (loss): | 58 | 35 | 160 | 233 | 133 | 164 | ||
| Net loss attributable to noncontrolling interest | (4) | (5) | (5) | (4) | (6) | (14) | ||
| Net income (loss) available to common stockholders, diluted: | 54 | 30 | 155 | 229 | 127 | 150 | ||
Comprehensive Income ($ in millions)
| 9/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 58 | 35 | 160 | 233 | 133 | 164 | ||
| Comprehensive income (loss): | 58 | 35 | 160 | 233 | 133 | 164 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (4) | (5) | (5) | (4) | (6) | (14) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 54 | 30 | 155 | 229 | 127 | 150 | ||
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.