United States Cellular Corporation (USM) financial statements (2021 and earlier)
Company profile
| Business Address |
8410 W BRYN MAWR AVE CHICAGO, IL 60631 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| SIC | 4812 - Radiotelephone Communications (benchmarking) |
| More info | Complete financial analysis Financial benchmarking |
Balance sheet (Statement of financial position) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 292 | 597 | 402 | 586 | 715 | 212 | 392 | ||
| Cash and cash equivalents | 285 | 580 | 352 | 586 | 715 | 212 | 342 | ||
| Short-term investments | 7 | 17 | 50 | 50 | |||||
| Restricted cash and investments | 6 | 3 | |||||||
| Receivables | 965 | 908 | 775 | 659 | 608 | 466 | 467 | ||
| Inventory, net of allowances, customer advances and progress billings | 162 | 142 | 138 | 138 | 149 | 267 | 238 | ||
| Inventory | 162 | 142 | 138 | 138 | 149 | 267 | 238 | ||
| Prepaid expense | 50 | 63 | 79 | 84 | 81 | 60 | 66 | ||
| Disposal group, including discontinued operation | 54 | 10 | 8 | 107 | |||||
| Deferred tax assets | ✕ | 93 | 99 | ||||||
| Other current assets | 20 | 34 | 21 | 23 | 54 | 91 | 20 | ||
| Other undisclosed current assets | 78 | 11 | 58 | 60 | 65 | (16) | 119 | ||
| Total current assets: | 1,573 | 1,812 | 1,483 | 1,558 | 1,672 | 1,279 | 1,401 | ||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 900 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,207 | 2,202 | 2,320 | 2,470 | 2,649 | 2,728 | 2,857 | ||
| Long-term investments and receivables | 447 | 441 | 415 | 413 | 363 | 2,097 | 2,054 | ||
| Long-term investments | 447 | 441 | 415 | 413 | 363 | 2,097 | 2,054 | ||
| Intangible assets, net (including goodwill) | 2,471 | 2,186 | 2,223 | 2,256 | 2,204 | 1,814 | 1,789 | ||
| Goodwill | 370 | 370 | 370 | 388 | |||||
| Intangible assets, net (excluding goodwill) | 2,471 | 2,186 | 2,223 | 1,886 | 1,834 | 1,443 | 1,401 | ||
| Other noncurrent assets | 566 | 579 | 390 | 405 | 172 | 276 | 118 | ||
| Deferred tax assets, net | ✕ | (821) | (860) | (836) | |||||
| Other undisclosed noncurrent assets | 54 | 10 | 8 | 821 | (847) | (936) | |||
| Total noncurrent assets: | 6,591 | 5,462 | 5,358 | 5,552 | 5,388 | 5,208 | 5,045 | ||
| TOTAL ASSETS: | 8,164 | 7,274 | 6,841 | 7,110 | 7,060 | 6,487 | 6,446 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 402 | 412 | 432 | 421 | 371 | 410 | 140 | ||
| Accounts payable | 296 | 304 | 302 | 309 | 275 | 307 | |||
| Employee-related liabilities | 76 | 78 | 74 | 73 | 68 | 66 | 67 | ||
| Taxes payable | 30 | 30 | 56 | 39 | 28 | 37 | 74 | ||
| Debt | 8 | 19 | 18 | 11 | 11 | 0 | 0 | ||
| Due to related parties | 8 | 9 | 8 | 12 | 10 | 10 | |||
| Disposal group, including discontinued operation | 21 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | 185 | 190 | 251 | 288 | 257 | ||
| Contract with customer, liability | ✕ | 157 | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other liabilities | 79 | 94 | 90 | 84 | 104 | 150 | 192 | ||
| Other undisclosed current liabilities | 253 | (21) | 417 | ||||||
| Total current liabilities: | 750 | 691 | 733 | 718 | 748 | 857 | 1,006 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 1,502 | 1,605 | 1,622 | 1,618 | 1,629 | 1,152 | 878 | ||
| Operating lease, liability | 865 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | 637 | 1,605 | 1,622 | 1,618 | 1,629 | 1,152 | 878 | ||
| Liabilities, other than long-term debt | 826 | 390 | 798 | 1,128 | 291 | 284 | 1,239 | ||
| Deferred tax liabilities, net | ✕ | 461 | 826 | 924 | |||||
| Deferred income tax liabilities | 507 | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | ||
| Disposal group, including discontinued operation, liabilities | 1 | ||||||||
| Other liabilities | 319 | 389 | 337 | 302 | 291 | 284 | 315 | ||
| Other undisclosed noncurrent liabilities | 861 | 510 | (10) | (10) | 812 | 874 | (103) | ||
| Total noncurrent liabilities: | 3,189 | 2,505 | 2,410 | 2,736 | 2,732 | 2,310 | 2,015 | ||
| Total liabilities: | 3,939 | 3,196 | 3,143 | 3,454 | 3,480 | 3,167 | 3,021 | ||
| Temporary equity, carrying amount | 15 | 11 | 11 | 11 | 10 | 8 | 15 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 4,197 | 4,057 | 3,677 | 3,634 | 3,561 | 3,302 | 3,391 | ||
| Common stock | 88 | 88 | 88 | 88 | 88 | 88 | 88 | ||
| Treasury stock, value | (70) | (65) | (120) | (136) | (157) | (169) | (165) | ||
| Additional paid in capital | 1,629 | 1,590 | 1,552 | 1,522 | 1,496 | 1,473 | 1,425 | ||
| Retained earnings | 2,550 | 2,444 | 2,157 | 2,160 | 2,133 | 1,910 | 2,043 | ||
| Stockholders' equity attributable to noncontrolling interest | 13 | 10 | 10 | 11 | 10 | 11 | 18 | ||
| Total stockholders' equity: | 4,210 | 4,067 | 3,687 | 3,645 | 3,571 | 3,313 | 3,410 | ||
| TOTAL LIABILITIES AND EQUITY: | 8,164 | 7,274 | 6,841 | 7,110 | 7,060 | 6,487 | 6,446 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 4,022 | 3,967 | 3,890 | 3,939 | 3,997 | 3,893 | 3,919 | |
| Revenue, net | ✕ | ✕ | 3,890 | 3,939 | 3,997 | 3,893 | 3,965 | |
| Cost of revenue (Cost of Goods and Services Sold) | (1,071) | (1,081) | (775) | (1,963) | (1,762) | |||
| Gross profit: | 4,022 | 3,967 | 2,819 | 2,858 | 3,222 | 1,930 | 2,156 | |
| Operating expenses | (3,910) | (3,809) | (4,194) | (3,942) | (3,684) | (4,036) | (3,772) | |
| Other undisclosed operating income | 1,071 | 1,081 | 775 | 1,963 | 1,762 | |||
| Operating income (loss): | 112 | 158 | (304) | (3) | 313 | (143) | 147 | |
| Nonoperating income | 73 | 57 | 32 | 85 | 91 | 85 | 111 | |
| Investment income, nonoperating | 17 | 15 | 8 | 57 | 36 | 12 | 4 | |
| Interest and debt expense | (110) | (116) | (113) | (113) | (86) | (57) | (44) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | 75 | 99 | (385) | (31) | 317 | (116) | 214 | |
| Income from equity method investments | 130 | 132 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | 110 | 116 | 113 | 113 | 86 | (72) | (88) | |
| Income (loss) from continuing operations before income taxes: | 185 | 215 | (272) | 82 | 404 | (59) | 258 | |
| Income tax expense (benefit) | (52) | (51) | 287 | (33) | (156) | 12 | (113) | |
| Net income (loss): | 133 | 164 | 15 | 49 | 247 | (47) | 145 | |
| Net income (loss) attributable to noncontrolling interest | (6) | (14) | (3) | (1) | (6) | 4 | (4) | |
| Net income (loss) available to common stockholders, diluted: | 127 | 150 | 12 | 48 | 241 | (43) | 140 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 133 | 164 | 15 | 49 | 247 | (47) | 145 | |
| Comprehensive income (loss): | 133 | 164 | 15 | 49 | 247 | (47) | 145 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (6) | (14) | (3) | (1) | (6) | 4 | 4 | |
| Comprehensive income (loss), net of tax, attributable to parent: | 127 | 150 | 12 | 48 | 241 | (43) | 149 | |
Statements sources
The financial statements are based on the company's filings with the 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.