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
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments292570546665597730596
Cash and cash equivalents285570528648580730596
Short-term investments7 181717  
Restricted cash and investments6544321
Receivables965898882881908844809
Inventory, net of allowances, customer advances and progress billings162139146157142123141
Inventory162139146157142123141
Prepaid expense50494847636263
Disposal group, including discontinued operation 9  54421
Other current assets20193629342034
Other undisclosed current assets78817356114164
Total current assets:1,5731,7701,7351,8391,8121,8641,709
Noncurrent Assets
Operating lease, right-of-use asset900897  
Property, plant and equipment2,2072,1442,1542,1372,2022,1262,159
Long-term investments and receivables447471450468441461439
Long-term investments447471450468441461439
Intangible assets, net (including goodwill)2,4712,4612,4692,2132,1862,1892,231
Intangible assets, net (excluding goodwill)2,4712,4612,4692,2132,1862,1892,231
Other noncurrent assets566539527684579546536
Other undisclosed noncurrent assets 988888854421
Total noncurrent assets:6,5916,5216,4886,3905,4625,3645,366
TOTAL ASSETS:8,1648,2918,2238,2297,2747,2287,075
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities402485390431412432347
Accounts payable296329313355304314241
Employee-related liabilities76684542786648
Taxes payable30883234305258
Debt8191919191918
Due to related parties888991016
Deferred revenue and credits127
Contract with customer, liability157  
Other liabilities79786580948382
Other undisclosed current liabilities253259265263 145 
Total current liabilities:750849747802691689590
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5021,5921,5961,6011,6051,6091,614
Operating lease, liability865864  
Other undisclosed long-term debt and lease obligation6377281,5961,6011,6051,6091,614
Liabilities, other than long-term debt826790299296390386889
Deferred tax liabilities, net  522
Deferred income tax liabilities507477  
Disposal group, including discontinued operation, liabilities 1  1  
Other liabilities319312299296389386367
Other undisclosed noncurrent liabilities8618641,3961,385510510 
Total noncurrent liabilities:3,1893,2463,2913,2822,5052,5052,503
Total liabilities:3,9394,0954,0384,0843,1963,1943,093
Temporary equity, carrying amount15111011111111
Stockholders' equity
Stockholders' equity attributable to parent4,1974,1724,1624,1214,0574,0123,960
Common stock88888888888888
Treasury stock, value(70)(70)(50)(63)(65)(84)(99)
Additional paid in capital1,6291,6221,6151,5991,5901,5781,569
Retained earnings2,5502,5322,5092,4972,4442,4302,402
Stockholders' equity attributable to noncontrolling interest13131313101111
Total stockholders' equity:4,2104,1854,1754,1344,0674,0233,971
TOTAL LIABILITIES AND EQUITY:8,1648,2918,2238,2297,2747,2287,075

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

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues1,0521,0319739661,0511,001974
Revenue, net974
Cost of revenue
(Cost of Goods and Services Sold)
      (187)
Gross profit:1,0521,0319739661,0511,001787
Operating expenses(1,055)(1,011)(943)(902)(1,048)(967)(918)
Other undisclosed operating income      187
Operating income (loss):(3)20306433456
Nonoperating income18191621141714
Investment income, nonoperating3456 43
Interest and debt expense(23)(29)(29)(29)(29)(29)(29)
Income (loss) from continuing operations before equity method investments, income taxes:(8)101756(12)2241
Other undisclosed income from continuing operations before income taxes23292929292929
Income from continuing operations before income taxes:15394685175170
Income tax expense (benefit)3(15)(14)(27)4(14)(18)
Net income:18243258213752
Net loss attributable to noncontrolling interest (1)(1)(4) (1)(3)
Net income available to common stockholders, diluted:18233154213649

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:18243258213752
Comprehensive income:18243258213752
Comprehensive loss, net of tax, attributable to noncontrolling interest (1)(1)(4) (1)(3)
Comprehensive income, net of tax, attributable to parent:18233154213649

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.

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