7Baggers
Quarterly
Annual
    Unit: USD2025-09-30 2025-06-30 2025-03-31 2024-12-31 2024-09-30 2024-06-30 2024-03-31 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30 2022-06-30 2022-03-31 2021-12-31 2021-09-30 2021-06-30 2021-03-31 2020-09-30 2020-06-30 2020-03-31 2019-12-31 2019-09-30 2019-06-30 2019-03-31 2018-12-31 2018-09-30 2016-03-31 2015-09-30 2015-06-30 2012-09-30 2012-03-31 2011-09-30 2011-06-30 2011-03-31 2010-09-30 2010-06-30 2010-03-31 2009-09-30 2009-06-30 2009-03-31 2008-09-30 2008-06-30 2008-03-31 2007-09-30 2007-06-30 2007-03-31 2006-09-30 2006-06-30 2006-03-31 2005-09-30 2004-09-30 2004-06-30 2004-03-31 2003-09-30 2003-06-30 2003-03-31 2002-09-30 1998-06-30 
      
    		                                                            
      current assets
    		                                                            
      cash and cash equivalents
    		325,626,000 386,000,000 182,000,000  272,000,000 195,000,000 185,000,000  153,000,000 186,000,000 154,000,000  254,000,000 320,000,000 300,000,000  231,000,000 267,000,000 479,000,000 931,000,000 418,000,000 258,000,000  570,000,000 528,000,000 648,000,000  730,000,000 772,000,000 596,766,000 362,282,000 409,579,000 511,078,000 504,952,000 428,625,000 421,294,000 269,292,000 232,853,000 289,658,000 404,894,000 275,920,000 191,797,000 177,608,000 101,155,000 216,475,000 182,020,000 146,082,000 189,856,000 38,910,000 21,969,000 17,045,000 31,069,000         
      accounts receivable
    		                      14,150,000    -39,867,000                                  
      affiliated
    		9,356,000 1,000,000 7,000,000  1,000,000  2,000,000  6,000,000 9,000,000 1,000,000  8,000,000 14,000,000 1,000,000  8,000,000 10,000,000 6,000,000  1,000,000 1,000,000   3,000,000 1,000,000        218,000     3,818,000  2,545,000 644,000 1,683,000 99,000 111,000  10,038,000 10,892,000 11,065,000 10,881,000 8,804,000 6,453,000         
      other, less allowances of 3,068 and 1,540, respectively
    		10,327,000                                                            
      prepaid expenses
    		2,981,000 53,000,000 63,000,000  55,000,000 58,000,000 71,000,000  64,000,000 69,000,000 76,000,000  61,000,000 62,000,000 63,000,000  59,000,000 55,000,000 63,000,000 54,000,000 50,000,000 58,000,000  49,000,000 48,000,000 47,000,000  62,000,000 96,000,000 88,041,000 73,319,000 60,631,000 57,655,000 56,607,000 64,208,000 62,709,000 70,759,000 65,219,000 72,829,000 63,020,000 49,040,000 57,766,000 59,565,000 51,923,000 56,619,000 46,634,000 46,277,000 45,520,000 36,605,000 43,082,000 37,539,000 31,360,000 26,241,000 26,277,000 26,045,000 22,307,000 23,272,000 21,897,000 14,922,000  
      income taxes receivable
    		 1,000,000       2,000,000 4,000,000 4,000,000  1,000,000    125,000,000 126,000,000 124,000,000 174,000,000 122,000,000 96,000,000          2,280,000 70,000 35,121,000 32,106,000                          
      current assets of discontinued operations
    		                                                            
      other current assets
    		3,954,000 21,000,000 25,000,000  21,000,000 26,000,000 32,000,000  40,000,000 47,000,000 57,000,000  41,000,000 41,000,000 51,000,000  42,000,000 40,000,000 43,000,000 28,000,000 29,000,000 22,000,000  19,000,000 36,000,000 29,000,000  20,000,000 23,000,000 18,730,000 18,144,000 15,993,000 11,149,000 10,693,000 11,099,000 10,282,000 49,111,000 48,662,000 55,250,000 53,101,000 54,705,000 8,283,000 14,527,000 24,213,000 16,822,000 12,229,000 10,734,000 10,642,000 21,160,000 21,418,000 17,549,000 12,854,000 30,463,000 33,977,000 30,203,000 20,994,000 24,153,000 21,586,000 5,980,000  
      total current assets
    		352,244,000 1,509,000,000 1,373,000,000  1,427,000,000 1,374,000,000 1,395,000,000  1,393,000,000 1,500,000,000 1,562,000,000  1,675,000,000 1,673,000,000 1,611,000,000  1,571,000,000 1,645,000,000 1,845,000,000 2,289,000,000 1,718,000,000 1,576,000,000  1,770,000,000 1,735,000,000 1,839,000,000  1,864,000,000                                 
      non-current assets held for sale
    		1,585,258,000                                                            
      non-current assets of discontinued operations
    		                                                            
      licenses
    		1,648,604,000 4,583,000,000 4,581,000,000  4,576,000,000 4,715,000,000 4,711,000,000  4,690,000,000 4,694,000,000 4,692,000,000  4,680,000,000 4,677,000,000 4,677,000,000  4,102,000,000 3,917,000,000 3,915,000,000 2,628,000,000 2,621,000,000 2,502,000,000  2,461,000,000 2,469,000,000 2,213,000,000  2,189,000,000 1,808,000,000 1,834,061,000 1,827,656,000 1,531,873,000 1,481,865,000 1,470,550,000 1,454,901,000 1,452,401,000 1,445,501,000 1,445,501,000 1,438,800,000 1,445,501,000 1,445,501,000 1,445,665,000 1,794,843,000 1,792,728,000 1,788,548,000 1,500,092,000 1,500,092,000 1,502,227,000 1,447,569,000 1,367,569,000 1,362,036,000 1,340,489,000 1,184,014,000 1,192,772,000 1,192,302,000 1,111,780,000 979,759,000 979,760,000   
      investments in unconsolidated entities
    		452,174,000 444,000,000 479,000,000  478,000,000 461,000,000 482,000,000  477,000,000 457,000,000 477,000,000  461,000,000 441,000,000 465,000,000  466,000,000 445,000,000 455,000,000 467,000,000 445,000,000 469,000,000  471,000,000 450,000,000 468,000,000  461,000,000 384,000,000 347,710,000 325,857,000 162,012,000 154,431,000 160,374,000 142,377,000 171,485,000 177,075,000 163,518,000 178,903,000 177,497,000 192,445,000 175,571,000 175,424,000 157,162,000 172,586,000 176,557,000 155,514,000 171,040,000 197,817,000 174,896,000 185,915,000 178,874,000 171,727,000 189,463,000 174,297,000 178,417,000 171,214,000 161,708,000   
      property, plant and equipment
    		386,834,000 2,313,000,000 2,394,000,000  2,504,000,000 2,540,000,000 2,540,000,000  2,593,000,000 2,640,000,000 2,658,000,000  2,631,000,000 2,671,000,000 2,576,000,000  2,457,000,000 2,386,000,000 2,419,000,000 2,322,000,000 2,258,000,000 2,268,000,000  2,144,000,000 2,154,000,000 2,137,000,000  2,126,000,000                                 
      in service and under construction
    		1,070,631,000 8,477,000,000 8,417,000,000  8,402,000,000 8,294,000,000 8,321,000,000  9,571,000,000 9,491,000,000 9,440,000,000  9,410,000,000 9,352,000,000 9,136,000,000  8,990,000,000 8,874,000,000 8,823,000,000 8,623,000,000 8,481,000,000 8,485,000,000  8,088,000,000 7,980,000,000 7,867,000,000  7,647,000,000 7,693,000,000 7,511,997,000 7,420,889,000 7,341,632,000 7,126,220,000 6,778,852,000 6,598,300,000 6,465,667,000 6,203,085,000 6,096,533,000 5,975,704,000 5,718,767,000 5,602,245,000 5,527,778,000 5,754,793,000 5,612,054,000 5,493,389,000 5,414,358,000 5,313,726,000 5,195,511,000 4,981,963,000 4,901,700,000 4,753,058,000 4,397,253,000 3,733,188,000 3,700,425,000 3,549,751,000 3,339,146,000 3,214,214,000 3,074,844,000 2,802,207,000  
      less: accumulated depreciation and amortization
    		683,797,000 6,164,000,000 6,023,000,000  5,898,000,000 5,754,000,000 5,781,000,000  6,978,000,000 6,851,000,000 6,782,000,000  6,779,000,000 6,681,000,000 6,560,000,000  6,533,000,000 6,488,000,000 6,404,000,000 6,301,000,000 6,223,000,000 6,217,000,000  5,944,000,000 5,826,000,000 5,730,000,000  5,521,000,000 5,120,000,000                                
      operating lease right-of-use assets
    		477,744,000 922,000,000 925,000,000  912,000,000 906,000,000 910,000,000  914,000,000 912,000,000 910,000,000  932,000,000 944,000,000 952,000,000  953,000,000 950,000,000 933,000,000 919,000,000 914,000,000 902,000,000  897,000,000 888,000,000 888,000,000                                   
      other assets and deferred charges
    		15,469,000 606,000,000 612,000,000  619,000,000 643,000,000 666,000,000  666,000,000 670,000,000 680,000,000  648,000,000 582,000,000 579,000,000  592,000,000 574,000,000 580,000,000 536,000,000 544,000,000 534,000,000  539,000,000 527,000,000 684,000,000  546,000,000 188,000,000 187,268,000 195,909,000 75,482,000 65,094,000 61,941,000 56,152,000 74,028,000 38,195,000 37,865,000 38,393,000 38,484,000 37,621,000 69,495,000 31,290,000 29,728,000 30,072,000 28,658,000 30,356,000 30,447,000 30,647,000 30,125,000 29,178,000          
      total assets1
    		4,918,327,000 10,377,000,000 10,365,000,000  10,516,000,000 10,639,000,000 10,704,000,000  10,749,000,000 10,889,000,000 10,997,000,000  11,056,000,000 11,003,000,000 10,875,000,000  10,144,000,000 9,920,000,000 10,148,000,000 9,180,000,000 8,500,000,000 8,251,000,000  8,291,000,000 8,223,000,000 8,229,000,000  7,228,000,000 7,057,000,000                                
      current liabilities
    		                                                            
      current portion of long-term debt
    		2,031,000 28,000,000 26,000,000  20,000,000 20,000,000 20,000,000  18,000,000 54,000,000 15,000,000  11,000,000 8,000,000 6,000,000  3,000,000 3,000,000 2,000,000 2,000,000 4,000,000 6,000,000  19,000,000 19,000,000 19,000,000  19,000,000   57,000   101,000     84,000  10,088,000 10,086,000                   
      accounts payable
    		                                                            
      trade
    		58,462,000 204,000,000 198,000,000  266,000,000 261,000,000 224,000,000  406,000,000 240,000,000 206,000,000  340,000,000 314,000,000 272,000,000  364,000,000 283,000,000 276,000,000 307,000,000 285,000,000 321,000,000  329,000,000 313,000,000 355,000,000  314,000,000      360,788,000     256,913,000  210,826,000 218,031,000 264,740,000 256,196,000 249,854,000 244,176,000 237,522,000 222,921,000 248,805,000 261,827,000 249,265,000 212,432,000         
      customer deposits and deferred revenues
    		122,090,000 225,000,000 231,000,000  225,000,000 236,000,000 235,000,000  222,000,000 231,000,000 229,000,000  218,000,000 197,000,000 200,000,000  161,000,000 153,000,000 158,000,000 126,000,000 139,000,000 139,000,000  155,000,000 164,000,000 164,000,000  145,000,000   280,715,000   177,123,000     140,651,000  145,710,000 149,690,000 152,988,000 153,860,000 149,960,000 143,923,000 141,116,000 135,149,000 119,782,000 109,294,000 107,696,000 103,146,000         
      accrued taxes
    		289,836,000 37,000,000 57,000,000  63,000,000 41,000,000 49,000,000  35,000,000 32,000,000 33,000,000  36,000,000 37,000,000 34,000,000  32,000,000 46,000,000 47,000,000 44,000,000 30,000,000 27,000,000  88,000,000 32,000,000 34,000,000  52,000,000   97,537,000   43,910,000     83,876,000  58,433,000 34,729,000 35,874,000 42,969,000 75,003,000 46,641,000 70,492,000 69,480,000 42,324,000 49,663,000 64,176,000 95,997,000         
      accrued compensation
    		4,620,000 54,000,000 33,000,000  66,000,000 57,000,000 32,000,000  61,000,000 54,000,000 44,000,000  62,000,000 56,000,000 42,000,000  69,000,000 53,000,000 40,000,000 63,000,000 53,000,000 47,000,000  68,000,000 45,000,000 42,000,000  66,000,000   54,533,000   48,117,000     38,220,000  41,976,000 43,202,000 52,296,000 36,680,000 37,489,000 50,801,000 38,635,000 32,613,000 42,504,000 35,757,000 28,462,000 33,063,000         
      short-term operating lease liabilities
    		15,600,000 137,000,000 140,000,000  139,000,000 134,000,000 134,000,000  135,000,000 134,000,000 133,000,000  133,000,000 133,000,000 131,000,000  126,000,000 125,000,000 120,000,000 113,000,000 112,000,000 109,000,000  104,000,000 101,000,000 99,000,000                                   
      current liabilities of discontinued operations
    		20,242,000                                                            
      other current liabilities
    		15,453,000 109,000,000 113,000,000  124,000,000 130,000,000 138,000,000  148,000,000 254,000,000 285,000,000  291,000,000 223,000,000 179,000,000  93,000,000 78,000,000 90,000,000 69,000,000 65,000,000 66,000,000  78,000,000 65,000,000 80,000,000  83,000,000   108,996,000   95,665,000     90,602,000  91,149,000 106,858,000 100,025,000 97,220,000 306,743,000 103,338,000 90,632,000 106,043,000 47,822,000 39,410,000 49,311,000 38,116,000         
      total current liabilities
    		539,029,000 808,000,000 807,000,000  909,000,000 886,000,000 837,000,000  1,031,000,000 1,008,000,000 953,000,000  1,099,000,000 982,000,000 873,000,000  856,000,000 751,000,000 739,000,000 730,000,000 697,000,000 722,000,000  849,000,000 747,000,000 802,000,000  689,000,000                                 
      non-current liabilities of discontinued operations
    		                                                            
      deferred liabilities and credits
    		                                                            
      deferred income tax liability
    		320,689,000 719,000,000 720,000,000  719,000,000 765,000,000 758,000,000  749,000,000 732,000,000 715,000,000  705,000,000 705,000,000 696,000,000  680,000,000 668,000,000 656,000,000 665,000,000 613,000,000 559,000,000  477,000,000 538,000,000 527,000,000  510,000,000                    27,035,000 28,681,000 43,015,000           
      long-term operating lease liabilities
    		513,421,000 825,000,000 824,000,000  813,000,000 822,000,000 827,000,000  834,000,000 836,000,000 836,000,000  859,000,000 872,000,000 882,000,000  890,000,000 890,000,000 879,000,000 877,000,000 874,000,000 865,000,000  864,000,000 858,000,000 858,000,000                                   
      other deferred liabilities and credits
    		336,135,000 576,000,000 570,000,000  579,000,000 573,000,000 564,000,000  601,000,000 607,000,000 601,000,000  661,000,000 690,000,000 583,000,000  565,000,000 372,000,000 393,000,000 364,000,000 346,000,000 327,000,000  312,000,000 299,000,000 296,000,000  386,000,000   290,302,000   235,032,000     268,795,000  243,258,000 236,478,000 83,677,000 85,602,000 85,433,000 81,059,000 76,997,000 72,216,000 57,462,000 51,074,000 52,866,000 114,601,000         
      long-term debt
    		671,902,000 2,819,000,000 2,829,000,000  2,882,000,000 2,887,000,000 3,029,000,000  2,903,000,000 3,105,000,000 3,297,000,000  3,115,000,000 3,118,000,000 3,220,000,000  2,604,000,000 2,710,000,000 2,981,000,000 2,108,000,000 1,625,000,000 1,503,000,000  1,592,000,000 1,596,000,000 1,601,000,000  1,609,000,000   1,151,999,000   880,411,000     867,662,000  997,651,000 997,534,000 1,006,431,000 1,007,054,000 1,006,395,000 1,002,180,000 1,002,066,000 1,001,953,000 1,001,725,000 1,001,612,000 1,001,498,000 1,161,127,000         
      commitments and contingencies
    		                                                            
      noncontrolling interests with redemption features
    		 16,000,000 16,000,000  16,000,000 16,000,000 16,000,000  12,000,000 12,000,000 12,000,000  12,000,000 12,000,000 12,000,000  10,000,000 10,000,000 10,000,000 10,000,000 11,000,000 11,000,000  11,000,000 10,000,000 11,000,000  11,000,000   1,178,000   923,000     752,000   612,000                   
      equity
    		                                                            
      array shareholders’ equity
    		                                                            
      series a common and common shares
    		                                                            
      authorized 190,000 shares
    		                                                            
      issued 88,074 shares
    		                                                            
      outstanding 86,380 shares (33,006 series a common and 53,374 common shares) and 85,094 shares (33,006 series a common and 52,088 common shares), respectively
    		                                                            
      par value
    		88,074,000 88,000,000 88,000,000  88,000,000 88,000,000 88,000,000  88,000,000 88,000,000 88,000,000  88,000,000 88,000,000 88,000,000  88,000,000 88,000,000 88,000,000 88,000,000 88,000,000 88,000,000  88,000,000 88,000,000 88,000,000  88,000,000      88,074,000                           
      additional paid-in capital
    		1,795,035,000 1,812,000,000 1,800,000,000  1,764,000,000 1,752,000,000 1,740,000,000  1,717,000,000 1,710,000,000 1,704,000,000  1,696,000,000 1,692,000,000 1,685,000,000  1,671,000,000 1,663,000,000 1,657,000,000 1,654,000,000 1,646,000,000 1,636,000,000  1,622,000,000 1,615,000,000 1,599,000,000  1,578,000,000      1,382,826,000     1,360,712,000  1,348,664,000 1,343,599,000 1,335,241,000 1,329,212,000 1,317,488,000 1,319,038,000 1,313,041,000 1,294,969,000    1,283,614,000         
      treasury shares, at cost, 1,694 and 2,980 common shares, respectively
    		-85,618,000                                                            
      retained earnings
    		732,333,000 2,802,000,000 2,822,000,000  2,813,000,000 2,893,000,000 2,910,000,000  2,878,000,000 2,855,000,000 2,872,000,000  2,890,000,000 2,903,000,000 2,897,000,000  2,822,000,000 2,794,000,000 2,796,000,000 2,736,000,000 2,657,000,000 2,620,000,000  2,532,000,000 2,509,000,000 2,497,000,000  2,430,000,000      2,294,562,000     2,066,066,000  1,985,876,000 1,911,995,000 2,035,834,000 1,949,812,000 1,887,549,000 1,799,224,000 1,741,843,000 1,621,539,000 1,494,373,000 1,486,445,000 1,435,360,000 1,355,382,000         
      total array shareholders' equity
    		2,529,824,000 4,600,000,000                                                           
      noncontrolling interests
    		7,327,000 14,000,000 14,000,000  16,000,000 15,000,000 15,000,000  16,000,000 16,000,000 15,000,000  16,000,000 16,000,000 16,000,000  16,000,000 16,000,000 15,000,000 15,000,000 13,000,000 12,000,000  13,000,000 13,000,000 13,000,000  11,000,000   10,195,000   70,903,000     55,112,000  56,433,000 52,451,000                   
      total equity
    		2,537,151,000 4,614,000,000 4,599,000,000  4,598,000,000 4,690,000,000 4,673,000,000  4,619,000,000 4,589,000,000 4,583,000,000  4,605,000,000 4,624,000,000 4,609,000,000  4,539,000,000 4,519,000,000 4,490,000,000 4,426,000,000 4,334,000,000 4,264,000,000  4,185,000,000 4,175,000,000 4,134,000,000  4,023,000,000      3,683,354,000     3,497,770,000  3,418,943,000 3,334,284,000                   
      total liabilities and equity1
    		4,918,327,000 10,377,000,000 10,365,000,000  10,516,000,000 10,639,000,000 10,704,000,000  10,749,000,000 10,889,000,000 10,997,000,000  11,056,000,000 11,003,000,000 10,875,000,000  10,144,000,000 9,920,000,000 10,148,000,000 9,180,000,000 8,500,000,000 8,251,000,000  8,291,000,000 8,223,000,000 8,229,000,000  7,228,000,000                                 
      customers and agents, less allowances of 55 and 63, respectively
    		 861,000,000                                                           
      other, less allowances of 2 and 2, respectively
    		 60,000,000 55,000,000          81,000,000 70,000,000            38,000,000                                   
      inventory
    		 126,000,000 178,000,000  161,000,000 143,000,000 175,000,000  175,000,000 210,000,000 262,000,000  243,000,000 206,000,000 177,000,000  136,000,000 183,000,000 139,000,000 157,000,000 145,000,000 212,000,000  139,000,000 146,000,000 157,000,000  123,000,000 151,000,000 176,259,000 135,401,000 196,523,000 131,510,000 148,770,000 160,783,000 108,818,000 119,882,000 120,304,000 153,278,000 121,073,000 125,578,000 108,051,000 112,553,000 120,817,000 114,687,000 113,078,000 118,072,000 101,196,000 76,925,000 82,239,000 85,118,000 54,899,000 61,842,000 46,701,000 55,978,000 39,674,000 87,498,000 76,563,000 41,419,000  
      authorized 190 shares
    		                                                            
      issued 88 shares
    		                                                            
      outstanding 86 shares (33 series a common and 53 common shares) and 85 shares (33 series a common and 52 common shares), respectively
    		                                                            
      treasury shares, at cost, 2 and 3 common shares, respectively
    		 -102,000,000    -58,000,000                      -84,000,000                                 
      customers and agents, less allowances of 58 and 63, respectively
    		  863,000,000                                                          
      assets held for sale
    		  1,000,000      16,000,000 16,000,000 18,000,000  29,000,000 15,000,000 15,000,000  3,000,000 3,000,000 1,000,000 19,000,000    9,000,000    42,000,000 26,000,000  22,203,000   60,829,000 53,910,000                          
      uscellular shareholders’ equity
    		                                                            
      outstanding 85 shares
    		                                                            
      treasury shares, at cost, 3 common shares
    		  -125,000,000  -83,000,000  -80,000,000  -80,000,000 -80,000,000 -96,000,000                                                  
      total uscellular shareholders' equity
    		  4,585,000,000  4,582,000,000 4,675,000,000 4,658,000,000  4,603,000,000 4,573,000,000 4,568,000,000  4,589,000,000 4,608,000,000 4,593,000,000  4,523,000,000 4,503,000,000 4,475,000,000 4,411,000,000                                         
      operating revenues
    		                                                            
      service
    		   2,987,000,000    3,044,000,000    3,125,000,000    3,115,000,000                                             
      equipment sales
    		   783,000,000    862,000,000    1,044,000,000    1,007,000,000                                             
      total operating revenues
    		   3,770,000,000    3,906,000,000    4,169,000,000    4,122,000,000                                             
      operating expenses
    		                                                            
      system operations
    		   724,000,000    740,000,000    755,000,000    790,000,000                                             
      cost of equipment sold
    		   906,000,000    988,000,000    1,216,000,000    1,118,000,000                                             
      selling, general and administrative
    		   1,330,000,000    1,368,000,000    1,408,000,000    1,345,000,000                                             
      depreciation, amortization and accretion
    		   665,000,000    656,000,000    700,000,000    678,000,000                                             
      loss on impairment of licenses
    		   136,000,000        3,000,000                                                 
      (gain) loss on asset disposals
    		   18,000,000    17,000,000    19,000,000    23,000,000                                             
      (gain) loss on sale of business and other exit costs
    		           -1,000,000    -2,000,000                                             
      (gain) loss on license sales and exchanges
    		   3,000,000    -2,000,000                                                     
      total operating expenses
    		   3,782,000,000    3,767,000,000    4,100,000,000    3,952,000,000                                             
      operating income
    		   -12,000,000    139,000,000    69,000,000    170,000,000                                             
      investment and other income
    		                                                            
      equity in earnings of unconsolidated entities
    		   161,000,000    158,000,000    158,000,000    179,000,000                                             
      interest and dividend income
    		   12,000,000    10,000,000    8,000,000    6,000,000                                             
      interest expense
    		   -183,000,000    -196,000,000    -163,000,000    -175,000,000                                             
      total investment and other income
    		   -10,000,000    -28,000,000    3,000,000    10,000,000                                             
      income before income taxes
    		   -22,000,000    111,000,000    72,000,000    180,000,000                                             
      income tax expense
    		   10,000,000    53,000,000    37,000,000    20,000,000                                             
      net income
    		   -32,000,000    58,000,000    35,000,000    160,000,000       1,420,937,000    1,418,597,000                                  
      less: net income attributable to noncontrolling interests, net of tax
    		   7,000,000    4,000,000    5,000,000    5,000,000                                             
      net income attributable to uscellular shareholders
    		   -39,000,000    54,000,000    30,000,000    155,000,000                                             
      basic weighted-average shares outstanding
    		   86,000,000    85,000,000    85,000,000    86,000,000                                             
      basic earnings per share attributable to uscellular shareholders
    		   -460,000    640,000    350,000    1,800,000                                             
      diluted weighted-average shares outstanding
    		   86,000,000    87,000,000    86,000,000    87,000,000                                             
      diluted earnings per share attributable to uscellular shareholders
    		   -460,000    630,000    350,000    1,770,000                                             
      customers and agents, less allowances of 59 and 66, respectively
    		    871,000,000                                                        
      other, less allowances of 2 and 4, respectively
    		    46,000,000 61,000,000                                                       
      customers and agents, less allowances of 61 and 66, respectively
    		     891,000,000                                                       
      customers and agents, less allowances of 62 and 66, respectively
    		      877,000,000                                                      
      other, less allowances of 3 and 4, respectively
    		      53,000,000                                                      
      customers and agents, less allowances of 62 and 70, respectively
    		        890,000,000                                                    
      roaming
    		        2,000,000 2,000,000 2,000,000  7,000,000 6,000,000 5,000,000  11,000,000 10,000,000 9,000,000 19,000,000 23,000,000 24,000,000  34,000,000 29,000,000 20,000,000  42,000,000      42,378,000     26,087,000  30,411,000 27,772,000 43,142,000 42,528,000 35,715,000 39,941,000 36,745,000 30,899,000 39,178,000 40,102,000 35,819,000 31,213,000 34,600,000 34,380,000 33,194,000 42,421,000 42,203,000 38,494,000 67,294,000  
      other, less allowances of 3 and 2, respectively
    		        67,000,000 65,000,000 66,000,000                                                  
      customers and agents, less allowances of 66 and 70, respectively
    		         917,000,000                                                   
      customers and agents, less allowances of 68 and 70, respectively
    		          940,000,000                                                  
      gain on investments
    		                                                            
      customers and agents, less allowances of 66 and 57, respectively
    		            987,000,000                                                
      outstanding 85 shares (33 series a common and 52 common shares) and 86 shares (33 series a common and 53 common shares), respectively
    		                                                            
      treasury shares, at cost, 3 and 2 common shares, respectively
    		            -85,000,000 -75,000,000 -77,000,000       -92,000,000                                       
      customers and agents, less allowances of 59 and 57, respectively
    		             968,000,000 964,000,000                                              
      outstanding 86 shares
    		                                                            
      other, less allowances of 1 and 2, respectively
    		              50,000,000         60,000,000 47,000,000                                    
      short-term investments
    		                  3,000,000      18,000,000 17,000,000      140,494,000 116,368,000 110,761,000 96,085,000 121,252,000 120,771,000 135,798,000 25,534,000                      
      customers and agents, less allowances of 55 and 62, respectively
    		                910,000,000                                            
      other, less allowances of 3 and 1, respectively
    		                57,000,000 64,000,000                                           
      liabilities held for sale
    		                       1,000,000          858,000                           
      treasury shares, at cost, 2 common shares
    		                -58,000,000  -66,000,000 -67,000,000 -70,000,000   -70,000,000  -63,000,000                                   
      customers and agents, less allowances of 56 and 62, respectively
    		                 900,000,000 900,000,000                                          
      outstanding 87 shares
    		                                                            
      treasury shares, at cost, 1 and 2 common shares, respectively
    		                 -42,000,000       -50,000,000                                    
      other, less allowances of 2 and 1, respectively
    		                  85,000,000 64,000,000 56,000,000                                        
      customers and agents, less allowances of 64 and 70, respectively
    		                   862,000,000                                         
      customers and agents, less allowances of 69 and 70, respectively
    		                    874,000,000                                        
      u.s. cellular shareholders’ equity
    		                                                            
      total u.s. cellular shareholders' equity
    		                    4,321,000,000 4,252,000,000  4,172,000,000 4,162,000,000 4,121,000,000  4,012,000,000                                 
      customers and agents, less allowances of 77 and 70, respectively
    		                     865,000,000                                       
      other, less allowances of 1 and 1, respectively
    		                     40,000,000      42,000,000                                 
      cash flows from operating activities:
    		                                                            
      adjustments to reconcile net income to net cash from operating activities:
    		                                                            
      depreciation
    		                      350,005,000    369,874,000                                  
      imputed interest on financing obligation
    		                      11,792,000    11,686,000                                  
      benefit from uncollectible accounts
    		                      44,329,000    43,847,000                                  
      changes in operating assets and liabilities:
    		                                                            
      prepaid expenses and other
    		                      -680,685,000    -614,263,000                                  
      accounts payable and accrued liabilities
    		                      20,724,000    -2,541,000                                  
      contract liabilities and other
    		                      7,228,000    25,715,000                                  
      other net changes
    		                      -79,885,000                                      
      net cash from operating activities
    		                      1,108,595,000    1,244,720,000                                  
      cash flows from investing activities:
    		                                                            
      capital expenditures
    		                      -385,443,000    -575,351,000                                  
      fixed asset transfers out
    		                      140,458,000    130,228,000                                  
      collections on deferred purchase price and purchased receivables
    		                          9,331,000                                  
      collections on beneficial interest - net
    		                      718,501,000                                      
      change in due from affiliate
    		                      -212,506,000    -37,974,000                                  
      net cash from investing activities
    		                      261,010,000    10,158,000                                  
      cash flows from financing activities:
    		                                                            
      repayments of financing obligation
    		                      -13,105,000    -10,878,000                                  
      distributions
    		                      -1,356,500,000    -1,244,000,000                                  
      net cash from financing activities
    		                      -1,369,605,000    -1,254,878,000                                  
      change in cash
    		                                                            
      cash - beginning of year
    		                                                            
      cash - end of year
    		                                                            
      noncash transactions from operating activities:
    		                                                            
      accruals for capital expenditures
    		                      28,379,000    13,004,000                                  
      1.
    		                                                            
      customers and agents, less allowances of 69 and 66, respectively
    		                       899,000,000                                     
      customers and agents, less allowances of 66 and 66, respectively
    		                        880,000,000 882,000,000                                   
      deferred rent
    		                          8,956,000                                  
      other liabilities
    		                          22,716,000                                  
      acquisition of wireless licenses
    		                                                            
      collection on beneficial interest - net
    		                          483,924,000                                  
      change in due to affiliate
    		                                                            
      cash paid for interest
    		                                                            
      noncash transactions from investing activities:
    		                                                            
      customers and agents, less allowances of 63 and 55, respectively
    		                           845,000,000                                 
      goodwill
    		                            370,000,000 369,596,000 369,596,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 494,737,000 493,918,000 493,918,000 492,286,000 491,316,000 491,316,000 491,270,000 485,485,000 475,925,000 471,935,000 442,698,000 425,343,000 433,254,000 433,250,000 549,780,000 547,663,000 546,702,000   
      the accompanying notes are an integral part of these consolidated financial statements.
    		                                                            
      net deferred income tax asset
    		                             82,719,000 77,969,000 37,868,000 31,905,000 26,757,000 37,582,000 26,757,000 21,570,000 21,570,000 21,570,000 19,481,000 19,481,000 19,481,000 20,555,000 18,235,000                 
      investments
    		                                                            
      less: accumulated depreciation
    		                             4,903,559,000 4,795,074,000 4,406,847,000 4,278,794,000 4,124,358,000 4,016,255,000 3,898,393,000 3,649,212,000 3,525,193,000 3,397,244,000 3,157,001,000 3,024,243,000 2,904,973,000                   
      total assets
    		                             6,938,384,000 6,596,619,000 6,536,348,000 6,341,435,000 6,280,601,000 6,089,916,000 5,961,928,000 5,859,091,000 5,795,648,000 5,759,036,000 5,841,825,000 5,731,247,000 5,619,955,000 5,913,969,000 5,832,552,000 5,926,074,000 5,589,454,000 5,557,411,000 5,798,194,000 5,573,507,000 5,476,019,000 5,412,286,000 5,243,627,000 4,979,174,000 5,232,886,000 4,848,957,000 4,740,704,000 4,790,134,000 4,698,012,000 4,444,293,000  
      net deferred income tax liability
    		                              827,339,000   742,343,000     504,822,000  498,823,000 481,196,000 603,323,000 580,193,000 570,299,000  582,343,000 582,580,000 582,328,000 603,283,000 656,375,000 657,452,000         
      total liabilities and equity
    		                              6,596,619,000   6,280,601,000     5,759,036,000  5,731,247,000 5,619,955,000                   
      customer lists, net of accumulated amortization of 96,776 and 96,597, respectively
    		                               135,000                             
      notes and interest receivable — long-term
    		                                81,000 3,959,000 3,997,000 4,033,000 4,107,000 4,143,000 4,179,000   4,265,000     4,482,000              
      long-term investments
    		                               10,171,000 40,276,000 45,297,000 40,326,000 35,737,000 46,156,000 40,987,000                       
      united states cellular corporation
    		                                                            
      consolidated balance sheet — liabilities and equity
    		                                                            
      u.s. cellular shareholders' equity
    		                                                            
      customer lists, net of accumulated amortization of 96,689 and 96,597, respectively
    		                                223,000                            
      consolidated statement of cash flows
    		                                                            
      cash flows from operating activities
    		                                                            
      add (deduct) adjustments to reconcile net income to net cash flows from operating activities
    		                                                            
      changes in assets and liabilities from operations
    		                                                            
      cash flows from investing activities
    		                                                            
      cash from additions to property, plant and equipment
    		                                                            
      cash paid for acquisitions and licenses
    		                                                            
      cash received from divestitures
    		                                                            
      cash paid for investments
    		                                                            
      cash received for investments
    		                                                            
      other investing activities
    		                                                            
      cash flows from financing activities
    		                                                            
      common shares reissued for benefit plans, net of tax payments
    		                                                            
      common shares repurchased
    		                                                            
      distributions to noncontrolling interests
    		                                                            
      other financing activities
    		                                                            
      net increase in cash and cash equivalents
    		                                                            
      beginning of period
    		                                                            
      end of period
    		                                                            
      customers and agents, less allowances of 21,620 and 24,455, respectively
    		                                 310,524,000                           
      other, less allowances of 1,846 and 1,361, respectively
    		                                 81,214,000                           
      customer lists, net of accumulated amortization of 96,487 and 96,153, respectively
    		                                 425,000                           
      outstanding 84,551 shares (33,006 series a common and 51,545 common shares) and 85,547 shares (33,006 series a common and 52,541 common shares), respectively
    		                                                            
      treasury shares, at cost, 3,523 and 2,527 common shares, respectively
    		                                                            
      total u.s. cellular shareholders’ equity
    		                                 3,612,451,000     3,442,658,000  3,362,510,000 3,281,833,000                   
      customer lists, net of accumulated amortization of 96,376 and 96,153, respectively
    		                                  536,000                          
      prepaid income taxes
    		                                   4,910,000 32,086,000   4,793,000             7,883,000 5,224,000 2,008,000 7,974,000 16,089,000 17,660,000   
      customer lists, net of accumulated amortization of 96,264 and 96,153, respectively
    		                                   648,000                         
      customer lists, net of accumulated amortization of 96,042 and 92,829, respectively
    		                                    869,000                        
      customer lists, net of accumulated amortization of 95,211 and 92,829, respectively
    		                                     1,701,000                       
      customers, less allowances of 24,749 and 26,260, respectively
    		                                      305,083,000                      
      other, less allowances of 307 and 364, respectively
    		                                      69,565,000                      
      customer lists, net of accumulated amortization of 94,020 and 92,829, respectively
    		                                      2,892,000                      
      common shares, par value 1 per share; authorized 140,000 shares; issued 55,068 shares
    		                                      55,068,000                      
      series a common shares, par value 1 per share; authorized 50,000 shares; issued and outstanding 33,006 shares
    		                                      33,006,000                      
      treasury shares, at cost, 1,634 and 1,534 common shares, respectively
    		                                                            
      customer lists, net of accumulated amortization of 91,638 and 87,976, respectively
    		                                       5,273,000                     
      notes and interest receivable – long-term
    		                                       4,247,000 4,231,000  4,328,000 4,359,000 4,391,000 4,452,000  4,512,000   4,865,000 4,727,000 5,252,000   6,476,000     
      the accompanying notes are an integral part of these consolidated financial statements. 5
    		                                                            
      customers, less allowances of 8,383 and 8,222, respectively
    		                                        344,812,000                    
      other, less allowances of 313 and 150, respectively
    		                                        69,753,000                    
      customer lists, net of accumulated amortization of 90,447 and 87,976, respectively
    		                                        6,465,000                    
      noncontrolling interests with mandatory redemption features
    		                                        640,000                    
      common shares, par value 1 per share; authorized 140,000,000 shares; issued 55,068,000 shares
    		                                        55,068,000                    
      series a common shares, par value 1 per share; authorized 50,000,000 shares; issued and outstanding 33,006,000 shares
    		                                        33,006,000                    
      treasury shares, at cost, 1,203,000 and 794,000 common shares, respectively
    		                                                            
      customers, less allowances of 7,915 and 8,222, respectively
    		                                         325,669,000                   
      other, less allowances of 159 and 150, respectively
    		                                         60,298,000                   
      customer lists, net of accumulated amortization of 89,256 and 87,976, respectively
    		                                         7,656,000                   
      common shares, par value 1 per share; authorized 140,000,000 shares; issued 55,068,219 shares
    		                                         55,068,000                   
      series a common shares, par value 1 per share; authorized 50,000,000 shares; issued and outstanding 33,005,877 shares
    		                                         33,006,000 33,006,000 33,006,000 33,006,000 33,006,000 33,006,000 33,006,000 33,006,000 33,006,000 33,006,000 33,006,000         
      treasury shares, at cost, 1,143,480 and 794,254 common shares, respectively
    		                                                            
      customers, less allowances of 8,423 and 12,305, respectively
    		                                          334,553,000                  
      other, less allowances of 209 and 112, respectively
    		                                          64,156,000                  
      marketable equity securities
    		                                           16,508,000 16,404,000 16,133,000  240,792,000 204,933,000 218,226,000 219,584,000 270,582,000 249,571,000 229,712,000 248,403,000 211,178,000 202,879,000 156,394,000 131,767,000  
      customer lists, net of accumulated amortization of 86,367 and 80,492, respectively
    		                                          10,544,000                  
      less accumulated depreciation
    		                                          3,179,513,000 3,045,114,000 2,925,051,000 2,844,527,000 2,715,722,000 2,595,669,000 2,382,414,000 2,311,957,000 2,193,509,000 1,975,846,000 1,503,688,000 1,470,492,000 1,370,131,000 1,248,339,000 1,159,849,000 1,083,890,000 976,028,000  
      asset retirement obligation
    		                                          145,512,000 133,802,000 130,098,000 123,466,000 136,643,000 131,404,000 115,998,000 98,319,000 93,490,000          
      minority interest
    		                                          51,684,000 48,391,000 44,772,000 41,898,000 39,518,000 38,005,000 38,741,000 41,650,000 45,939,000          
      common shareholders’ equity
    		                                                            
      common shares, par value 1 per share; authorized 140,000,000 shares; issued 55,045,685 shares
    		                                          55,046,000 55,046,000 55,046,000 55,046,000 55,046,000 55,046,000 55,046,000 55,046,000 55,046,000          
      treasury shares, at cost, 685,072 and 455,287 common shares, respectively
    		                                                            
      accumulated other comprehensive income
    		                                           10,233,000 10,167,000 10,009,000 10,082,000 74,879,000 51,571,000 25,457,000 24,319,000 31,343,000         
      total liabilities and shareholders’ equity
    		                                          5,913,969,000 5,832,552,000 5,926,074,000 5,589,454,000 5,557,411,000 5,798,194,000 5,573,507,000 5,476,019,000 5,412,286,000 5,243,627,000         
      customers, less allowances of 9,383 and 12,305, respectively
    		                                           338,091,000                 
      other, less allowances of 249 and 112, respectively
    		                                           61,697,000                 
      customer lists, net of accumulated amortization of 84,461 and 80,492, respectively
    		                                           12,451,000                 
      notes payable
    		                                           50,000,000    60,000,000 150,000,000 105,000,000 85,000,000          
      treasury shares, at cost, 573,391 and 455,287 common shares, respectively
    		                                                            
      customers, less allowances of 10,616 and 12,305, respectively
    		                                            322,848,000                
      other, less allowances of 360 and 112, respectively
    		                                            56,504,000                
      net deferred tax assets
    		                                            19,335,000 1,328,000               
      customer lists, net of accumulated amortization of 82,498 and 80,492, respectively
    		                                            14,333,000                
      treasury shares, at cost, 470,537 and 455,287 common shares, respectively
    		                                                            
      customers, less allowance of 12,581 and 12,027, respectively
    		                                             329,547,000               
      other, less allowance of 427 and 989, respectively
    		                                             60,196,000               
      customer lists, net of accumulated amortization of 78,425 and 68,110, respectively
    		                                             17,442,000               
      prepaid forward contracts
    		                                               159,856,000             
      affiliate
    		                                             9,175,000               
      derivative liability
    		                                               76,379,000 43,210,000 21,925,000 21,003,000 60,857,000         
      treasury shares, at cost, 338,193 and 329,934 common shares, respectively
    		                                                            
      customers, less allowance of 9,864 and 12,027, respectively
    		                                              321,668,000              
      other, less allowance of 356 and 989, respectively
    		                                              51,358,000              
      deferred tax asset
    		                                              9,082,000     15,337,000         
      customer lists, net of accumulated amortization of 74,486 and 68,110, respectively
    		                                              21,381,000              
      treasury shares, at cost, 294,922 and 329,934 common shares, respectively
    		                                                            
      customers, less allowance of 9,342 and 12,027, respectively
    		                                               295,613,000             
      other, less allowance of 757 and 989, respectively
    		                                               55,919,000             
      customer lists, net of accumulated amortization of 71,883 and 68,110, respectively
    		                                               23,983,000             
      treasury shares, at cost, 178,488 and 329,934 common shares, respectively
    		                                                            
      customers, less allowance of 13,625 and 11,410, respectively
    		                                                298,018,000            
      other
    		                                                56,324,000 61,505,000 47,293,000 37,842,000 31,287,000 21,503,000 18,375,000 31,967,000 32,345,000 31,936,000 22,680,000  
      deferred income tax asset
    		                                                  8,052,000          
      customer lists, net of accumulated amortization of 62,259 and 44,616, respectively
    		                                                32,048,000            
      notes and interest receivable
    		                                                4,767,000 4,847,000           
      forward contracts
    		                                                159,856,000 159,856,000 159,856,000          
      capital in excess of par value
    		                                                1,289,802,000 1,284,093,000 1,281,408,000          
      treasury shares, at cost, 847,851 and 962,863 common shares, respectively
    		                                                            
      customers, less allowance of 10,494 and 11,410, respectively
    		                                                 295,180,000           
      customer lists, net of accumulated amortization of 49,190 and 42,947, respectively
    		                                                 45,117,000           
      customers, less allowance of 8,299 and 11,410, respectively
    		                                                  284,523,000          
      customer lists, net of accumulated amortization of 45,979 and 42,947, respectively
    		                                                  46,286,000          
      customers, less allowance of 10,423 and 10,820, respectively
    		                                                   256,496,000         
      customer lists, net of accumulated amortization of 41,289 and 34,630, respectively
    		                                                   18,876,000         
      other deferred charges
    		                                                   28,260,000         
      assets of operations held for sale
    		                                                   66,644,000 51,923,000    223,876,000 226,422,000   
      liabilities of operations held for sale
    		                                                   5,585,000         
      minority interest in subsidiaries
    		                                                   46,407,000         
      common shares, par value 1 per share; authorized 140,000,000 shares; issued 55,045,684 shares
    		                                                   55,046,000         
      treasury shares, at cost, 996,872 and 1,716,658 common shares, respectively
    		                                                            
      general funds
    		                                                    30,661,000 346,440,000 35,005,000 21,945,000 24,966,000 17,676,000 27,401,000  
      affiliated cash equivalents
    		                                                    56,000 43,000 30,000  723,000 212,000 11,195,000  
      customers, less allowance of 17,568 and 13,786, respectively
    		                                                    257,810,000        
      license rights
    		                                                    42,037,000 42,037,000 42,037,000 47,158,000     
      customer lists, net of accumulated amortization of 32,128
    		                                                            
      and 22,206, respectively
    		                                                    27,417,000 30,600,000 34,287,000      
      deferred charges
    		                                                            
      system development costs, net of accumulated amortization of
    		                                                            
      138,569 and 114,673, respectively
    		                                                            
      other, net of accumulated amortization of 1,414 and 5,815,
    		                                                            
      respectively
    		                                                    33,081,000 36,124,000 26,492,000 23,359,000 20,613,000 35,599,000   
      the accompanying notes to consolidated financial statements are an integral part of these statements.
    		                                                            
      customers, less allowance of 20,398 and 13,786, respectively
    		                                                     249,921,000       
      customer lists, net of accumulated amortization of 28,945
    		                                                            
      notes and interest receivable - long-term
    		                                                     5,275,000 5,400,000  6,476,000 6,568,000 18,887,000  
      131,090 and 114,673, respectively
    		                                                            
      other, net of accumulated amortization of 2,623 and 5,815,
    		                                                            
      customers, less allowance of 16,694 and 13,786, respectively
    		                                                      227,740,000      
      customer lists, net of accumulated amortization of 25,258
    		                                                            
      124,097 and 114,673, respectively
    		                                                            
      other, net of accumulated amortization of 6,172 and 5,815,
    		                                                            
      the accompanying notes to consolidated financial statements are an integral part of these statements. -5-
    		                                                            
      customers, less allowance of 18,703 and 17,866, respectively
    		                                                       199,512,000     
      customer lists, net of accumulated amortization
    		                                                            
      of 19,453 and 6,567, respectively
    		                                                       27,201,000     
      107,805 and 89,320, respectively
    		                                                       107,754,000     
      other, net of accumulated amortization of 5,453 and 5,023,
    		                                                            
      customers, less allowance of 19,330 and 17,866, respectively
    		                                                        193,554,000    
      of 15,543 and 6,567, respectively
    		                                                        31,111,000    
      104,133 and 89,320, respectively
    		                                                        107,375,000    
      other, net of accumulated amortization of 5,486 and 5,023,
    		                                                            
      customers, less allowance of 17,591 and 17,866, respectively
    		                                                         175,475,000   
      collateral investment pledged
    		                                                         32,200,000   
      customer lists, net of accumulated amortization of 11,055 and 6,567,
    		                                                            
      marketable equity securities - loaned
    		                                                         30,610,000   
      95,164 and 89,320, respectively
    		                                                         108,892,000   
      other, net of accumulated amortization of 5,363 and 5,023,
    		                                                            
      customers, net of allowance
    		                                                          198,044,000  
      deposit receivable from federal
    		                                                            
      communications commission
    		                                                          8,494,000  
      licenses, net of accumulated amortization
    		                                                          1,040,840,000  
      goodwill, net of accumulated amortization
    		                                                          629,541,000  
      customer list, net of accumulated amortization
    		                                                          42,090,000  
      other investments
    		                                                            
      investment in unconsolidated entities,
    		                                                            
      net of accumulated amortization
    		                                                          162,211,000  
      system development costs,
    		                                                            
      derivative asset
    		                                                          35,961,000  
      other, net of accumulated amortization
    		                                                          17,308,000  
      3.
    		                                                            
    The information provided in this report is taken from www.sec.gov and many other data providers. While we have conducted our best efforts to ensure that the parsed data is accurate, we cannot guarantee its accuracy. Please use caution and understand that any consequences of its use are your own responsibility.