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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,274292597402586715212
Cash and cash equivalents1,271285580352586715212
Short-term investments371750   
Restricted cash and investments2063    
Receivables1,039965908775659608466
Inventory, net of allowances, customer advances and progress billings146162142138138149267
Inventory146162142138138149267
Prepaid expense51506379848160
Disposal group, including discontinued operation2 54108 107
Deferred tax assets    93
Other current assets29203421235491
Other undisclosed current assets627811586065(16)
Total current assets:2,6231,5731,8121,4831,5581,6721,279
Noncurrent Assets
Operating lease, right-of-use asset924900
Property, plant and equipment2,4662,2072,2022,3202,4702,6492,728
Long-term investments and receivables4354474414154133632,097
Long-term investments4354474414154133632,097
Intangible assets, net (including goodwill)2,6292,4712,1862,2232,2562,2041,814
Goodwill    370370370
Intangible assets, net (excluding goodwill)2,6292,4712,1862,2231,8861,8341,443
Other noncurrent assets602566579390405172276
Deferred tax assets, net   (821)(860)
Other undisclosed noncurrent assets2 54108821(847)
Total noncurrent assets:7,0586,5915,4625,3585,5525,3885,208
TOTAL ASSETS:9,6818,1647,2746,8417,1107,0606,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities507402412432421371410
Accounts payable377296304302309275307
Employee-related liabilities82767874736866
Taxes payable48303056392837
Deferred revenue151 
Debt28191811110
Due to related parties10898121010
Disposal group, including discontinued operation      21
Deferred revenue and credits185190251288
Contract with customer, liability157
Other liabilities8579949084104150
Other undisclosed current liabilities116253    (21)
Total current liabilities:871750691733718748857
Noncurrent Liabilities
Long-term debt and lease obligation, including:2,4891,5021,6051,6221,6181,6291,152
Operating lease, liability875865
Other undisclosed long-term debt and lease obligation1,6146371,6051,6221,6181,6291,152
Liabilities, other than long-term debt1,0108263907981,128291284
Deferred tax liabilities, net 461826  
Deferred income tax liabilities633507
Disposal group, including discontinued operation, liabilities1 1    
Other liabilities376319389337302291284
Other undisclosed noncurrent liabilities872861510(10)(10)812874
Total noncurrent liabilities:4,3713,1892,5052,4102,7362,7322,310
Total liabilities:5,2423,9393,1963,1433,4543,4803,167
Temporary equity, carrying amount1315111111108
Stockholders' equity
Stockholders' equity attributable to parent4,4114,1974,0573,6773,6343,5613,302
Common stock88888888888888
Treasury stock, value(67)(70)(65)(120)(136)(157)(169)
Additional paid in capital1,6511,6291,5901,5521,5221,4961,473
Retained earnings2,7392,5502,4442,1572,1602,1331,910
Stockholders' equity attributable to noncontrolling interest15131010111011
Total stockholders' equity:4,4264,2104,0673,6873,6453,5713,313
TOTAL LIABILITIES AND EQUITY:9,6818,1647,2746,8417,1107,0606,487

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues4,0374,0223,9673,8903,9393,9973,893
Revenue, net3,8903,9393,9973,893
Cost of revenue
(Cost of Goods and Services Sold)
   (1,071)(1,081)(775)(1,963)
Gross profit:4,0374,0223,9672,8192,8583,2221,930
Operating expenses(3,864)(3,910)(3,809)(4,194)(3,942)(3,684)(4,036)
Other undisclosed operating income   1,0711,0817751,963
Operating income (loss):173112158(304)(3)313(143)
Nonoperating income77735732859185
Investment income, nonoperating1017158573612
Interest and debt expense(112)(110)(116)(113)(113)(86)(57)
Income (loss) from continuing operations before equity method investments, income taxes:1387599(385)(31)317(116)
Income from equity method investments      130
Other undisclosed income (loss) from continuing operations before income taxes11211011611311386(72)
Income (loss) from continuing operations before income taxes:250185215(272)82404(59)
Income tax expense (benefit)(17)(52)(51)287(33)(156)12
Net income (loss):2331331641549247(47)
Net income (loss) attributable to noncontrolling interest(4)(6)(14)(3)(1)(6)4
Net income (loss) available to common stockholders, diluted:2291271501248241(43)

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):2331331641549247(47)
Comprehensive income (loss):2331331641549247(47)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(4)(6)(14)(3)(1)(6)4
Comprehensive income (loss), net of tax, attributable to parent:2291271501248241(43)

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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