United States Cellular Corporation (USM) financial statements (2020 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 investments292597402586715212392
Cash and cash equivalents285580352586715212342
Short-term investments71750   50
Restricted cash and investments63     
Receivables965908775659608466467
Inventory, net of allowances, customer advances and progress billings162142138138149267238
Inventory162142138138149267238
Prepaid expense50637984816066
Disposal group, including discontinued operation 54108 107 
Deferred tax assets    9399
Other current assets20342123549120
Other undisclosed current assets7811586065(16)119
Total current assets:1,5731,8121,4831,5581,6721,2791,401
Noncurrent Assets
Operating lease, right-of-use asset900
Property, plant and equipment2,2072,2022,3202,4702,6492,7282,857
Long-term investments and receivables4474414154133632,0972,054
Long-term investments4474414154133632,0972,054
Intangible assets, net (including goodwill)2,4712,1862,2232,2562,2041,8141,789
Goodwill   370370370388
Intangible assets, net (excluding goodwill)2,4712,1862,2231,8861,8341,4431,401
Other noncurrent assets566579390405172276118
Deferred tax assets, net   (821)(860)(836)
Other undisclosed noncurrent assets 54108821(847)(936)
Total noncurrent assets:6,5915,4625,3585,5525,3885,2085,045
TOTAL ASSETS:8,1647,2746,8417,1107,0606,4876,446
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities402412432421371410140
Accounts payable296304302309275307 
Employee-related liabilities76787473686667
Taxes payable30305639283774
Debt81918111100
Due to related parties898121010 
Disposal group, including discontinued operation     21 
Deferred revenue and credits185190251288257
Contract with customer, liability157
Other liabilities79949084104150192
Other undisclosed current liabilities253    (21)417
Total current liabilities:7506917337187488571,006
Noncurrent Liabilities
Long-term debt and lease obligation, including:1,5021,6051,6221,6181,6291,152878
Operating lease, liability865
Other undisclosed long-term debt and lease obligation6371,6051,6221,6181,6291,152878
Liabilities, other than long-term debt8263907981,1282912841,239
Deferred tax liabilities, net 461826  924
Deferred income tax liabilities507
Disposal group, including discontinued operation, liabilities 1     
Other liabilities319389337302291284315
Other undisclosed noncurrent liabilities861510(10)(10)812874(103)
Total noncurrent liabilities:3,1892,5052,4102,7362,7322,3102,015
Total liabilities:3,9393,1963,1433,4543,4803,1673,021
Temporary equity, carrying amount1511111110815
Stockholders' equity
Stockholders' equity attributable to parent4,1974,0573,6773,6343,5613,3023,391
Common stock88888888888888
Treasury stock, value(70)(65)(120)(136)(157)(169)(165)
Additional paid in capital1,6291,5901,5521,5221,4961,4731,425
Retained earnings2,5502,4442,1572,1602,1331,9102,043
Stockholders' equity attributable to noncontrolling interest13101011101118
Total stockholders' equity:4,2104,0673,6873,6453,5713,3133,410
TOTAL LIABILITIES AND EQUITY:8,1647,2746,8417,1107,0606,4876,446

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
Revenues4,0223,9673,8903,9393,9973,8933,919
Revenue, net3,8903,9393,9973,8933,965
Cost of revenue
(Cost of Goods and Services Sold)
  (1,071)(1,081)(775)(1,963)(1,762)
Gross profit:4,0223,9672,8192,8583,2221,9302,156
Operating expenses(3,910)(3,809)(4,194)(3,942)(3,684)(4,036)(3,772)
Other undisclosed operating income  1,0711,0817751,9631,762
Operating income (loss):112158(304)(3)313(143)147
Nonoperating income735732859185111
Investment income, nonoperating171585736124
Interest and debt expense(110)(116)(113)(113)(86)(57)(44)
Income (loss) from continuing operations before equity method investments, income taxes:7599(385)(31)317(116)214
Income from equity method investments     130132
Other undisclosed income (loss) from continuing operations before income taxes11011611311386(72)(88)
Income (loss) from continuing operations before income taxes:185215(272)82404(59)258
Income tax expense (benefit)(52)(51)287(33)(156)12(113)
Net income (loss):1331641549247(47)145
Net income (loss) attributable to noncontrolling interest(6)(14)(3)(1)(6)4(4)
Net income (loss) available to common stockholders, diluted:1271501248241(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):1331641549247(47)145
Comprehensive income (loss):1331641549247(47)145
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(6)(14)(3)(1)(6)44
Comprehensive income (loss), net of tax, attributable to parent:1271501248241(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.

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