United States Cellular Corporation
(NYSE:USM)

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well...

Website: http://www.uscellular.com

Founded: 1983

Full Time Employees: 5,300

Sector: Communication Services

Industry: Telecom Services

Communication Services

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Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-12-31	2004-09-30	2004-06-30	2004-03-31	2003-09-30	2003-06-30	2003-03-31	2002-09-30	2002-03-31

operating revenues
site rental	51,024,000	54,991,000	45,838,000
services	988,000	5,338,000	1,281,000
total operating revenues	52,012,000	60,329,000	47,119,000	916,000,000	891,000,000	971,000,000	922,000,000	927,000,000	950,000,000	1,000,000,000	963,000,000	957,000,000	986,000,000	1,049,000,000	1,083,000,000	1,027,000,000	1,010,000,000	1,069,000,000	1,016,000,000	1,014,000,000	1,023,000,000	1,027,000,000	973,000,000	963,000,000	1,052,000,000	1,031,000,000	973,000,000	966,000,000	1,051,000,000	1,001,000,000																											810,928,250	1,110,439,000						1,024,037,000			1,042,550,000	1,052,764,000	713,697,000	1,091,875,000	1,060,592,000	1,037,856,000	820,374,000	1,015,834,000	971,646,000	934,674,000	902,119,000	888,523,000	845,704,000	837,236,000	787,345,000	795,506,000	741,922,000	708,435,000	529,522,000	748,213,000	712,225,000	657,650,000	657,343,000	639,810,000	595,914,000	597,571,000
operating expenses
cost of operations	21,609,000	22,823,000	20,976,000
selling, general and administrative	12,745,000	15,381,000	20,525,000	328,000,000	332,000,000	353,000,000	324,000,000	322,000,000	331,000,000	348,000,000	333,000,000	341,000,000	345,000,000	376,000,000	369,000,000	339,000,000	325,000,000	361,000,000	346,000,000	334,000,000	305,000,000	335,000,000	323,000,000	335,000,000	379,000,000	358,000,000	344,000,000	326,000,000	374,000,000	346,000,000	342,000,000	326,000,000	371,000,000	350,000,000	351,000,000	339,000,000	391,000,000	370,000,000	357,000,000	361,000,000	387,206,000	374,585,000	362,971,000	368,968,000	394,553,000	397,545,000	404,252,000	395,564,000	442,720,000	410,468,000	404,127,000	420,080,000	60,029,000	438,526,000	435,053,000	442,244,000	-46,084,000	441,512,000	426,172,000	442,004,000	-181,202,000	446,938,000	445,177,000	428,661,000	-152,384,000	454,839,000	410,070,000	412,448,000	-139,879,000	441,543,000	422,367,000	407,634,000	-97,610,000	414,978,000	371,894,000	354,931,000	370,696,000	358,392,000	342,162,000	325,618,000	337,558,000	312,777,000	283,676,000		206,459,000	298,011,000	269,619,000	258,206,000
depreciation and accretion	12,604,000
loss on asset disposals	904,000	1,126,000	707,000	2,000,000	2,000,000	4,000,000	4,000,000	5,000,000	6,000,000	3,000,000	1,000,000	3,000,000	10,000,000	10,000,000	1,000,000	6,000,000	2,000,000	8,000,000	8,000,000	2,000,000	5,000,000	6,000,000	4,000,000	4,000,000	6,000,000	5,000,000	5,000,000	2,000,000	5,000,000	3,000,000	1,000,000	1,000,000			5,000,000	4,000,000	6,000,000	7,000,000	5,000,000	5,000,000	4,045,000	2,618,000	5,399,000	4,251,000	4,193,500	7,947,000	6,893,000	1,934,000	4,038,250	1,701,000	9,018,000	5,434,000			2,702,000	-2,210,000			2,922,000	1,037,000	2,101,750	1,981,000	1,250,000	5,176,000	1,912,000	3,371,000	2,086,000	2,191,000	4,194,000	6,884,000	6,219,000	3,673,000
loss on license sales and exchanges	-156,635,000		-1,323,000	-4,000,000	-1,000,000	-1,000,000	-2,000,000	8,000,000	-1,000,000																	2,000,000		-2,000,000			-11,000,000					-17,000,000	-3,000,000					-23,986,000	-25,000	-122,873,000	-22,861,500			-91,446,000
total operating expenses	-108,773,000	51,732,000	100,432,000	881,000,000	850,000,000	980,000,000	1,012,000,000	891,000,000	899,000,000	978,000,000	906,000,000	923,000,000	960,000,000	1,076,000,000	1,098,000,000	987,000,000	939,000,000	1,064,000,000	971,000,000	978,000,000	939,000,000	962,000,000	920,000,000	913,000,000	1,055,000,000	1,011,000,000	943,000,000	902,000,000	1,048,000,000	967,000,000																									1,020,237,000		744,812,250	1,008,819,000						945,252,000			901,631,000	937,994,000	708,374,500	971,918,000	942,690,000	918,890,000	647,305,000	914,895,000	848,174,000	826,151,000	838,474,000	811,196,000	766,151,000	765,515,000	715,716,000	729,285,000	674,858,000	672,198,000	495,481,750	706,204,000	646,355,000	629,368,000	560,312,000	585,351,000	602,103,000	532,876,000
operating income	160,785,000	8,597,000	-53,313,000	35,000,000	41,000,000	-9,000,000	-90,000,000	36,000,000	51,000,000	22,000,000	57,000,000	34,000,000	26,000,000	-27,000,000	-15,000,000	40,000,000	71,000,000	5,000,000	45,000,000	36,000,000	84,000,000	65,000,000	53,000,000	50,000,000	-3,000,000	20,000,000	30,000,000	64,000,000	3,000,000	34,000,000	56,000,000	65,000,000	-3,000,000	-360,000,000	5,000,000	54,000,000	6,500,000	9,000,000	18,000,000		-23,595,000	77,725,000	8,499,000	250,313,000	-49,554,000	-51,354,000	-50,307,000	7,825,000	-30,486,000	-43,207,000	219,092,000	1,466,000	1,007,844,000	48,079,000	84,163,000	85,202,000	728,372,000	101,620,000	102,390,000	57,043,000	935,960,000	59,833,000	63,504,000	78,785,000	816,209,000	57,692,000	140,919,000	114,770,000	821,615,000	119,957,000	117,902,000	118,966,000	915,718,000	100,939,000	123,472,000	108,523,000	63,645,000	77,327,000	79,553,000	71,721,000	71,629,000	66,221,000	67,064,000	36,237,000	34,040,250	42,009,000	65,870,000	28,282,000	97,031,000	54,459,000	-6,189,000	64,695,000
yoy	292.16%	-195.52%	-40.76%	-2.78%	-19.61%	-140.91%	-257.89%	5.88%	96.15%	-181.48%	-480.00%	-15.00%	-63.38%	-640.00%	-133.33%	11.11%	-15.48%	-92.31%	-15.09%	-28.00%	-2900.00%	225.00%	76.67%	-21.88%	-200.00%	-41.18%	-46.43%	-1.54%	-200.00%	-109.44%	1020.00%	20.37%	-146.15%	-4100.00%	-72.22%		-127.55%	-88.42%	111.79%		-52.39%	-251.35%	-116.89%	3098.89%	62.55%	18.86%	-122.96%	433.77%	-103.02%	-189.87%	160.32%	-98.28%	38.37%	-52.69%	-17.80%	49.36%	-22.18%	69.84%	61.23%	-27.60%	14.67%	3.71%	-54.94%	-31.35%	-0.66%	-51.91%	19.52%	-3.53%	-10.28%	18.84%	-4.51%	9.62%	1338.79%	30.54%	55.21%	51.31%	-11.15%	16.77%	18.62%	97.92%	110.42%	57.64%	1.81%	28.13%	-64.92%	-22.86%	-1164.31%	-56.28%
qoq	1770.25%	-116.13%	-252.32%	-14.63%	-555.56%	-90.00%	-350.00%	-29.41%	131.82%	-61.40%	67.65%	30.77%	-196.30%	80.00%	-137.50%	-43.66%	1320.00%	-88.89%	25.00%	-57.14%	29.23%	22.64%	6.00%	-1766.67%	-115.00%	-33.33%	-53.13%	2033.33%	-91.18%	-39.29%	-13.85%	-2266.67%	-99.17%	-7300.00%	-90.74%	730.77%	-27.78%	-50.00%			-130.36%	814.52%	-96.60%	-605.13%	-3.51%	2.08%	-742.90%	-125.67%	-29.44%	-119.72%	14844.88%	-99.85%	1996.22%	-42.87%	-1.22%	-88.30%	616.76%	-0.75%	79.50%	-93.91%	1464.29%	-5.78%	-19.40%	-90.35%	1314.77%	-59.06%	22.78%	-86.03%	584.92%	1.74%	-0.89%	-87.01%	807.20%	-18.25%	13.77%	70.51%	-17.69%	-2.80%	10.92%	0.13%	8.17%	-1.26%	85.07%	6.45%	-18.97%	-36.22%	132.90%	-70.85%	78.17%	-979.93%	-109.57%
other income																																																																																202,000			84,000		-679,750	-3,384,000	293,000	373,000	582,000	1,145,000	-309,000	156,000
equity in earnings of unconsolidated entities	40,408,000	26,301,000	69,811,000	42,000,000	36,000,000	38,000,000	43,000,000	38,000,000	42,000,000	37,000,000	40,000,000	38,000,000	44,000,000	36,000,000	40,000,000	37,000,000	45,000,000	42,000,000	48,000,000	47,000,000	42,000,000	48,000,000	44,000,000	45,000,000	38,000,000	44,000,000	40,000,000	44,000,000	39,000,000	42,000,000	40,000,000	38,000,000	36,000,000	35,000,000	33,000,000	33,000,000	30,000,000	38,000,000	37,000,000	35,000,000	30,354,000	39,674,000	35,584,000	34,471,000	23,598,000	35,971,000	33,120,000	37,075,000	32,152,000	37,360,000	35,602,000	26,835,000	17,896,000	24,816,000	25,154,000	21,614,000	16,322,250	21,929,000	22,469,000	20,891,000	18,604,500	23,971,000	25,753,000	24,694,000	18,311,750	23,126,000	24,794,000	25,327,000	16,590,250	22,319,000	22,807,000	21,235,000	17,465,000	23,782,000	22,980,000	23,098,000	28,196,000	23,483,000	21,957,000
interest and dividend income	4,223,000	3,650,000	8,909,000	4,000,000	3,000,000	3,000,000	4,000,000	3,000,000	2,000,000	2,000,000	3,000,000	3,000,000	2,000,000	3,000,000	2,000,000	3,000,000	1,000,000	1,000,000	1,000,000	2,000,000	2,000,000	2,000,000	1,000,000	4,000,000	3,000,000	4,000,000	5,000,000	6,000,000	5,000,000	4,000,000	3,000,000	4,000,000	2,000,000	2,000,000	2,000,000	3,000,000	16,000,000	14,000,000	14,000,000	13,000,000	10,498,000	9,299,000	8,969,000	7,566,000	6,119,000	3,572,000	1,573,000	884,000	994,000	1,095,000	969,000	903,000	705,750	935,000	845,000	1,043,000	616,500	869,000	748,000	849,000	746,000	1,101,000	862,000	1,021,000	662,000	1,420,000	751,000	477,000	1,117,750	1,137,000	1,429,000	1,905,000	2,149,500	3,395,000	2,653,000	2,550,000	5,541,000	601,000	9,807,000	588,000	4,684,000	384,000	4,359,000	2,036,000	795,750	687,000	2,117,000	378,000			570,000
interest expense	-7,180,000	-11,989,000	-8,855,000	-45,000,000	-40,000,000	-46,000,000	-49,000,000	-45,000,000	-43,000,000	-49,000,000	-50,000,000	-51,000,000	-47,000,000	-48,000,000	-42,000,000	-40,000,000	-33,000,000	-31,000,000	-45,000,000	-60,000,000	-39,000,000	-29,000,000	-25,000,000	-24,000,000	-23,000,000	-29,000,000	-29,000,000	-29,000,000	-29,000,000	-29,000,000	-29,000,000	-29,000,000	-28,000,000	-28,000,000	-28,000,000	-28,000,000	-29,000,000	-28,000,000	-28,000,000	-28,000,000	-24,955,000	-21,121,000	-20,154,000	-19,964,000	-14,674,000	-13,514,000	-14,336,000	-14,862,000	-11,570,000	-11,329,000	-10,154,000	-10,910,000	-8,818,000	-9,501,000	-12,360,000	-13,411,000			-25,197,000	-15,186,000	-12,229,500	-15,956,000	-16,438,000		-14,441,750	-19,358,000																							-15,615,000	-16,444,000
short-term imputed spectrum lease income	34,200,000	38,620,000	30,413,000
other	-14,000	-84,000	254,000																					1,000,000									250,000							1,000,000	192,000	78,000	91,000	105,000	-121,000	95,000	100,000	86,000	135,000	47,000	321,000	-215,000	4,768,000	200,000	-229,000	202,000			175,000	-125,000	6,780,000	-620,000	472,000		5,048,000	905,000		280,000	4,915,000	391,000	600,000	118,000		179,000	91,000
total other income	71,637,000	56,498,000	100,532,000	1,000,000	-1,000,000
income before income taxes	232,422,000	65,095,000	47,219,000	36,000,000	40,000,000	-14,000,000	-92,000,000	32,000,000	52,000,000	12,000,000	50,000,000	24,000,000	25,000,000	-36,000,000	-15,000,000	40,000,000	84,000,000	17,000,000	49,000,000	25,000,000	89,000,000	89,000,000	73,000,000	76,000,000	15,000,000	39,000,000	46,000,000	85,000,000	17,000,000	51,000,000	70,000,000	77,000,000	6,000,000	-351,000,000	12,000,000	61,000,000	-11,000,000	33,000,000	40,000,000	20,000,000	-7,506,000	105,655,000	32,989,000	272,491,000	-6,018,000	-25,230,000	-29,850,000	31,008,000	-8,746,000	-16,034,000	264,357,000	18,079,000	63,256,000	64,529,000	93,845,000	94,650,000	73,410,000	112,799,000	113,958,000	63,472,000	57,308,000	68,329,000	74,153,000	88,149,000	83,173,000	63,785,000	147,075,000	121,832,000
income tax expense	52,398,000	23,331,000	-62,701,000	4,000,000	20,000,000	-19,000,000	-14,000,000	14,000,000	28,000,000	-3,000,000	27,000,000	19,000,000	11,000,000	-9,000,000	-3,000,000	18,000,000	32,000,000	-11,000,000	14,000,000	-10,000,000	27,000,000	4,000,000	4,000,000	4,000,000	-3,000,000	15,000,000	14,000,000	27,000,000	-4,000,000	14,000,000	18,000,000	22,000,000	-268,000,000	-53,000,000		33,000,000	-6,000,000	15,000,000	13,000,000	11,000,000	-4,880,000	40,634,000	13,079,000	107,501,000	-12,528,000	-1,459,000	-10,399,000	12,604,000	-8,484,000	-6,433,000	120,682,000	7,369,000	20,656,000	22,389,000	34,597,000	25,638,000	25,692,750	43,292,000	34,077,000	24,092,000	21,723,500	25,051,000	28,181,000	34,198,000	27,880,250	22,541,000	57,748,000	31,232,000	34,265,500	45,506,000	44,016,000	47,540,000	44,135,500	41,154,000	91,500,000	43,888,000	42,701,000	15,510,000	34,301,000	27,649,000	22,959,000	24,471,000	26,021,000	12,803,000	11,600,250	11,646,000	23,095,000	11,661,000	47,364,000	22,247,000	-1,118,000	16,269,000
net income from continuing operations	180,024,000	41,764,000	109,920,000
less: net income from continuing operations attributable to noncontrolling interests, net of tax	193,000	405,000	1,084,000
net income from continuing operations attributable to array shareholders	179,831,000	41,359,000	108,836,000
net income from discontinued operations	-2,036,000	-3,881,000	-130,492,000
less: net income from discontinued operations attributable to noncontrolling interests, net of tax			16,809,000
net income from discontinued operations attributable to array shareholders	-2,036,000	-3,881,000	-147,301,000
net income	177,988,000	37,883,000	-20,572,000	32,000,000	20,000,000	5,000,000	-78,000,000	18,000,000	24,000,000	15,000,000	23,000,000	5,000,000	14,000,000	-27,000,000	-12,000,000	22,000,000	52,000,000	28,000,000	35,000,000	35,000,000	62,000,000	85,000,000	69,000,000	72,000,000	18,000,000	24,000,000	32,000,000	58,000,000	21,000,000	37,000,000	52,000,000	55,000,000	274,000,000	-298,000,000	12,000,000	28,000,000	-5,000,000	18,000,000	27,000,000	9,000,000	-2,626,000	65,021,000	19,910,000	164,990,000	-22,104,000	-23,771,000	-19,451,000	18,404,000	-262,000	-9,601,000	143,675,000	10,710,000	1,060,880,000	42,140,000	59,248,000	69,012,000	809,492,000	69,507,000	79,881,000	39,380,000	1,036,361,000	43,278,000	45,972,000	53,951,000	955,651,000	41,244,000	89,327,000	90,600,000	976,882,000	89,949,000	72,602,000	70,557,000	1,003,074,000	63,555,000	147,571,000	74,401,000	54,105,000	35,875,000	51,086,000	37,492,000	42,486,000	34,620,000	37,936,000	16,898,000	17,131,250	21,309,000	37,984,000	9,232,000	41,739,000	29,114,000	-14,643,000	12,164,000
yoy	789.94%	657.66%	-73.63%	77.78%	-16.67%	-66.67%	-439.13%	260.00%	71.43%	-155.56%	-291.67%	-77.27%	-73.08%	-196.43%	-134.29%	-37.14%	-16.13%	-67.06%	-49.28%	-51.39%	244.44%	254.17%	115.63%	24.14%	-14.29%	-35.14%	-38.46%	5.45%	-92.34%	-112.42%	333.33%	96.43%	-5580.00%	-1755.56%	-55.56%	211.11%	90.40%	-72.32%	35.61%	-94.55%	-88.12%	-373.53%	-202.36%	796.49%	8336.64%	147.59%	-113.54%	71.84%	-100.02%	-122.78%	142.50%	-84.48%	31.06%	-39.37%	-25.83%	75.25%	-21.89%	60.61%	73.76%	-27.01%	8.45%	4.93%	-48.54%	-40.45%	-2.17%	-54.15%	23.04%	28.41%	-2.61%	41.53%	-50.80%	-5.17%	1753.94%	77.16%	188.87%	98.45%	27.35%	3.63%	34.66%	121.87%	148.00%	62.47%	-0.13%	83.04%	-58.96%	-26.81%	-359.40%	-24.10%
qoq	369.84%	-284.15%	-164.29%	60.00%	300.00%	-106.41%	-533.33%	-25.00%	60.00%	-34.78%	360.00%	-64.29%	-151.85%	125.00%	-154.55%	-57.69%	85.71%	-20.00%	0.00%	-43.55%	-27.06%	23.19%	-4.17%	300.00%	-25.00%	-25.00%	-44.83%	176.19%	-43.24%	-28.85%	-5.45%	-79.93%	-191.95%	-2583.33%	-57.14%	-660.00%	-127.78%	-33.33%	200.00%	-442.73%	-104.04%	226.57%	-87.93%	-846.43%	-7.01%	22.21%	-205.69%	-7124.43%	-97.27%	-106.68%	1241.50%	-98.99%	2417.51%	-28.88%	-14.15%	-91.47%	1064.62%	-12.99%	102.85%	-96.20%	2294.66%	-5.86%	-14.79%	-94.35%	2217.07%	-53.83%	-1.41%	-90.73%	986.04%	23.89%	2.90%	-92.97%	1478.28%	-56.93%	98.35%	37.51%	50.82%	-29.78%	36.26%	-11.75%	22.72%	-8.74%	124.50%	-1.36%	-19.61%	-43.90%	311.44%	-77.88%	43.36%	-298.83%	-220.38%
less: net income attributable to noncontrolling interests, net of tax	193,000	405,000	17,893,000	1,000,000	2,000,000		1,000,000	1,000,000	6,000,000	1,000,000			1,000,000	1,000,000		1,000,000	3,000,000	1,000,000	1,000,000		2,000,000		1,000,000	1,000,000		1,000,000	1,000,000	4,000,000		1,000,000	3,000,000	10,000,000	1,000,000	1,000,000		2,000,000		1,000,000			-963,000	1,427,000	558,000				-662,000	-1,078,000	-1,854,000	258,000	-284,000	-5,796,000	-4,943,000	-6,689,000	-6,563,000	-6,520,000			-5,993,000	-5,269,000	-4,214,500	-5,920,000	-5,219,000		-4,395,750	-5,606,000
net income attributable to array shareholders	177,795,000	37,478,000	-38,465,000	31,000,000
basic weighted-average shares outstanding	86,416,000			86,000,000	85,000,000	86,000,000	86,000,000	86,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	86,000,000	86,000,000	86,000,000	86,000,000	87,000,000	86,000,000	86,000,000	86,000,000	86,000,000	86,000,000	86,000,000	87,000,000	86,000,000	86,000,000	86,000,000	86,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	85,000,000	84,000,000	84,248,000	84,333,000	84,293,000		84,213,000		84,341,000	84,213,000	83,968,000	84,005,000	83,845,000	83,838,000		84,737,000	84,707,000	84,570,000		84,547,000	84,930,000	85,484,000		85,992,000	86,425,000	86,576,000		86,848,000	86,992,000	87,196,000		87,460,000	87,571,000	87,571,000		87,757,000	87,590,000	87,882,000	87,346,000	87,281,000	87,281,000	87,213,000	86,775,000	86,904,000		86,405,000				86,153,000		86,134,000	86,121,000
basic earnings per share from continuing operations attributable to array shareholders	2.08
basic earnings per share from discontinued operations attributable to array shareholders	-0.02
basic earnings per share attributable to array shareholders	2.06			0.37
diluted weighted-average shares outstanding	86,488			88	88	86	86	88	88	87	86	86	86	86	85	87	87	87	87	88	88	88	87	88	88	88	88	88	87	87	86	86	86	85	86	86	85	85	85	85	84,891	84,947	84,892		84,213		84,341	85,065	84,730	84,005	84,661	84,403		85,152	85,061	85,133		84,940	85,397	86,101		86,428	86,787	86,978		87,128	87,177	87,446		87,833	87,872	88,064		88,589		88,688	88,109				87,464	87,661		87,125				86,704			86,121
diluted earnings per share from continuing operations attributable to array shareholders	2.08
diluted earnings per share from discontinued operations attributable to array shareholders	-0.02
diluted earnings per share attributable to array shareholders	2.06			0.36
depreciation, amortization and accretion		12,402,000	11,868,000	163,000,000	163,000,000	166,000,000	167,000,000	165,000,000	165,000,000	166,000,000	159,000,000	161,000,000	170,000,000	180,000,000	177,000,000	172,000,000	171,000,000	168,000,000	160,000,000	180,000,000	170,000,000	161,000,000	178,000,000	177,000,000	178,000,000	181,000,000	177,000,000	169,000,000	162,000,000	160,000,000	159,000,000	159,000,000	155,000,000	153,000,000	155,000,000	153,000,000	156,000,000	155,000,000	154,000,000	153,000,000	156,420,000	152,369,000	150,581,000	147,085,000	140,955,000	148,952,000	148,337,000	167,753,000	210,371,000	200,985,000	202,580,000	189,845,000	109,847,750	145,151,000	147,555,000	146,685,000	107,895,250	141,664,000	148,283,000	145,045,000	108,101,250	144,717,000	144,455,000	143,233,000	105,962,750	147,586,000	138,614,000	137,651,000	108,305,500	145,434,000	145,258,000	142,530,000	111,972,250	149,776,000	148,856,000	149,257,000	107,362,750	146,940,000	140,018,000	141,726,000	95,215,000	126,583,000	126,467,000
loss on impairment of licenses			47,679,000				136,000,000									3,000,000
service				736,000,000	741,000,000	742,000,000	747,000,000	743,000,000	754,000,000	755,000,000	762,000,000	760,000,000	767,000,000	774,000,000	781,000,000	783,000,000	787,000,000	782,000,000	788,000,000	774,000,000	771,000,000	775,000,000	753,000,000	762,000,000	763,000,000	774,000,000	757,000,000	741,000,000	754,000,000	759,000,000	741,000,000	724,000,000	755,000,000	737,000,000	740,000,000	746,000,000	737,000,000	771,000,000	762,000,000	760,000,000	801,887,000	895,960,000	824,373,000	828,211,000	849,788,000	851,063,000	843,473,000	853,613,000	825,128,000	862,330,000	910,966,000	996,349,000	772,483,000	1,036,370,000	1,029,742,000	1,023,820,000	755,938,000	1,036,609,000	1,002,030,000	985,113,000	730,271,750	983,503,000	972,576,000	965,188,000	735,388,000	984,923,000	974,755,000	981,874,000	740,843,500	1,013,928,000	987,352,000	962,094,000	680,335,250	954,540,000	906,218,000	860,583,000	831,663,000	821,820,000	791,272,000	770,082,000	738,682,000	729,504,000	691,574,000	668,792,000	493,501,000	691,964,000	662,658,000	619,382,000	628,440,000	610,109,000	564,601,000	561,240,000
equipment sales				180,000,000	150,000,000	229,000,000	175,000,000	184,000,000	196,000,000	245,000,000	201,000,000	197,000,000	219,000,000	275,000,000	302,000,000	244,000,000	223,000,000	287,000,000	228,000,000	240,000,000	252,000,000	252,000,000	220,000,000	201,000,000	289,000,000	257,000,000	216,000,000	225,000,000	297,000,000	242,000,000	233,000,000	218,000,000	273,000,000	226,000,000	223,000,000	190,000,000	254,000,000	239,000,000	218,000,000	198,000,000	185,148,000	172,946,000	151,294,000	137,034,000	158,956,000	149,356,000	114,300,000	72,198,000	77,596,000	76,906,000	84,164,000	85,397,000	61,736,500	103,987,000	74,658,000	68,301,000	54,990,250	73,830,000	74,152,000	71,979,000	48,361,000	77,278,000	57,317,000	58,849,000	53,015,500	73,377,000	67,795,000	70,890,000	56,737,250	77,947,000	73,240,000	75,762,000	50,203,250	61,294,000	65,428,000	74,091,000	70,456,000	66,703,000	54,432,000	67,154,000	48,663,000	66,002,000	50,348,000	39,643,000	36,021,000	56,249,000	49,567,000	38,268,000	28,903,000	29,701,000	31,313,000	36,331,000
system operations				183,000,000	176,000,000	182,000,000	180,000,000	180,000,000	182,000,000	183,000,000	185,000,000	190,000,000	182,000,000	181,000,000	197,000,000	192,000,000	185,000,000	196,000,000	205,000,000	204,000,000	185,000,000	203,000,000	197,000,000	180,000,000	188,000,000	199,000,000	193,000,000	176,000,000	192,000,000	200,000,000	187,000,000	179,000,000	183,000,000	185,000,000	189,000,000	175,000,000	188,000,000	196,000,000	193,000,000	184,000,000	189,107,000	198,982,000	196,276,000	190,677,000	202,423,000	199,750,000	187,131,000	180,607,000	177,438,000	177,431,000	192,267,000	216,299,000	181,409,000	249,245,000	243,227,000	233,164,000	171,814,000	241,852,000	227,801,000	217,603,000	159,669,250	218,021,000	213,542,000	207,077,000	150,066,750	205,458,000	194,806,000	200,003,000	146,285,250	197,473,000	196,652,000	191,016,000	132,293,000	185,479,000	176,409,000	167,284,000	170,703,000	165,107,000	150,555,000	154,855,000	157,549,000	159,102,000						137,523,000		147,032,000	137,965,000	136,367,000
cost of equipment sold				209,000,000	178,000,000	276,000,000	203,000,000	211,000,000	216,000,000	280,000,000	228,000,000	228,000,000	253,000,000	329,000,000	354,000,000	275,000,000	257,000,000	332,000,000	252,000,000	258,000,000	275,000,000	257,000,000	218,000,000	217,000,000	304,000,000	266,000,000	224,000,000	233,000,000	315,000,000	258,000,000	240,000,000	219,000,000	322,000,000	261,000,000	260,000,000	228,000,000	282,000,000	280,000,000	262,000,000	256,000,000	273,582,000	287,256,000	253,671,000	238,301,000	342,355,000	307,862,000	271,978,000	270,474,000	346,847,000	193,392,000	217,070,000	241,691,000	156,691,250	248,029,000	191,700,000	187,036,000	139,116,250	193,491,000	168,614,000	194,360,000	128,090,250	189,291,000	161,965,000	161,105,000	132,777,500	189,354,000	156,055,000	185,701,000	131,703,750	180,584,000	172,194,000	174,037,000	117,589,000	164,662,000	151,015,000	154,679,000	151,414,000	140,757,000	133,416,000	143,316,000	137,057,000	130,823,000	116,977,000	126,893,000	89,182,250	126,659,000	110,183,000	119,888,000	53,383,000	57,362,000	64,765,000	51,595,000
net income attributable to uscellular shareholders					18,000,000	5,000,000	-79,000,000	17,000,000	18,000,000	14,000,000	23,000,000	5,000,000	13,000,000	-28,000,000	-12,000,000	21,000,000	49,000,000	27,000,000	34,000,000	35,000,000	60,000,000	85,000,000
basic earnings per share attributable to uscellular shareholders					0.21	0.05	-0.92	0.2	0.21	0.17	0.26	0.05	0.15	-0.33	-0.15	0.25	0.57	0.32	0.39	0.4	0.7	0.98
diluted earnings per share attributable to uscellular shareholders					0.21	0.05	-0.92	0.2	0.2	0.16	0.26	0.05	0.15	-0.32	-0.15	0.25	0.57	0.31	0.38	0.39	0.69	0.97
investment and other income
total investment and other expense						-1,250,000	-2,000,000	-4,000,000
total investment and other income									1,000,000	-10,000,000	-7,000,000	-10,000,000	-1,000,000	-9,000,000			13,000,000	12,000,000	4,000,000	-11,000,000	5,000,000	24,000,000	20,000,000	26,000,000	18,000,000	19,000,000	16,000,000	21,000,000	14,000,000	17,000,000																											7,294,000	11,179,000						9,364,000			6,156,000	7,062,000	6,989,500	20,753,000	4,062,000	3,143,000	34,951,750	7,731,000	118,236,000	13,840,000			8,617,000				-844,000	-4,032,000	-3,597,500	-7,103,000	-2,010,000	-5,277,000	-3,295,000	-1,439,000	-6,315,000	-33,668,000
loss on sale of business and other exit costs																	-1,000,000	-1,000,000			-1,000,000							-2,000,000													270,000	-643,000	-1,705,000	-111,477,000	-6,923,500	-10,283,000	-10,511,000	-6,900,000	-60,906,750	-1,534,000	-249,024,000	6,931,000
gain on investments																						3,000,000																											4,631,750		18,527,000																														137,750			551,000
net income attributable to u.s. cellular shareholders																							68,000,000	71,000,000	18,000,000	23,000,000	31,000,000	54,000,000	21,000,000	36,000,000	49,000,000	45,000,000	273,000,000	-299,000,000	12,000,000	26,000,000	-5,000,000	17,000,000	27,000,000	9,000,000			19,352,000	160,064,000	-21,340,000	-22,165,000	-18,789,000	19,482,000	1,592,000	-9,859,000	143,391,000	4,914,000	37,657,000	35,451,000	52,685,000	62,492,000	43,060,000	62,140,000	73,888,000	34,111,000	31,370,000	37,358,000	40,753,000	48,232,000
basic earnings per share attributable to u.s. cellular shareholders																							0.79	0.82	0.21	0.27	0.36	0.63	0.24	0.42	0.57	0.52	3.21	-3.51	0.14	0.31	-0.07	0.2	0.32	0.1	-0.03	0.75	0.23	1.9			-0.22	0.23	0.02	-0.12	1.71	0.06	0.445	0.42	0.62	0.74	0.508	0.73	0.87	0.4	0.363	0.43	0.47	0.56	0.585	0.41	0.96	0.97
diluted earnings per share attributable to u.s. cellular shareholders																							0.78	0.81	0.2	0.27	0.35	0.62	0.23	0.41	0.56	0.52	3.21	-3.51	0.14	0.31	-0.07	0.2	0.32	0.1	-0.02	0.75	0.23	1.89			-0.22	0.23	0.01	-0.12	1.69	0.06	0.443	0.42	0.62	0.73	0.505	0.73	0.87	0.4	0.363	0.43	0.47	0.55	0.583	0.41	0.96	0.97
loss on impairment of goodwill																																		370,000,000
the accompanying notes are an integral part of these consolidated financial statements.
(gain) loss on asset disposals																																	3,500,000	5,000,000
(gain) loss on license sales and exchanges																																	-4,750,000
(gain) loss on sale of business and other exit costs
net income (loss) attributable to u.s. cellular shareholders																																									60,752,500	63,594,000
less: net income (loss) attributable to noncontrolling interests, net of tax																																												4,926,000	-836,500	-1,606,000
basic weighted average shares outstanding																																												84,042,000		84,233,000
diluted weighted average shares outstanding																																												84,838		84,233																													88,410			88,092	88,083	87,807
basic earnings (loss) per share attributable to u.s. cellular shareholders																																													-0.063	-0.26
diluted earnings (loss) per share attributable to u.s. cellular shareholders																																													-0.063	-0.26
special dividend per share to u.s. cellular shareholders
loss on asset disposals and exchanges																																																					2,954,750	11,327,000
gain on investment																																																					-932,000		-3,728,000		3,343,250		13,373,000
(gain) loss on asset disposals and exchanges
gain on disposition of investments																																																																					4,157,000	16,628,000
net income attributable to u.s. cellular																																																																	50,897,000	35,638,000	83,358,000	84,592,000
fair value adjustment of derivative instruments																																																																												12,461,000
income before income taxes and minority interest																																																																					96,195,750	140,710,000	121,964,000	122,109,000	118,185,250	108,670,000	241,708,000	122,363,000	98,712,000	55,927,000	88,170,000	68,786,000	41,537,250	62,536,000		32,205,000				23,005,000			-12,504,000
income before minority interest																																																																					61,930,250	95,204,000	77,948,000	74,569,000	74,049,750	67,516,000	150,208,000	78,475,000	56,011,000	40,417,000	53,869,000	41,137,000	25,176,000	38,065,000	40,199,000	19,402,000	18,842,500	23,260,000	40,765,000	11,344,000	46,372,000	30,773,000	-11,386,000
minority share of income, net of tax
basic earnings per share																																																																					0.665	1.03	0.83	0.81	0.813	0.72	1.68	0.85	0.61	0.41	0.59	0.43	0.265	0.4	0.44	0.2
diluted earnings per share																																																																					0.663	1.02	0.83	0.8	0.805	0.72	1.67	0.84	0.62	0.41	0.58	0.43	0.265	0.39	0.43	0.19
gain on sale of investments																																																																									32,921,500		131,686,000
minority share of income																																																																																			-2,263,000	-2,504,000	-1,711,250	-1,951,000	-2,781,000	-2,112,000	-4,633,000	-1,659,000	-3,257,000	-2,594,000
other expense
investment income																																																																																19,483,000	18,424,000	17,744,000	16,157,000	13,919,000	12,978,250	19,265,000	18,361,000	14,287,000	11,301,000	13,484,000	12,378,000	12,963,000
(gain) on assets held for sale
interest																																																																																			-21,444,000	-20,738,000	-16,234,250	-23,671,000	-20,951,000	-20,315,000			-15,454,000	-13,306,000
other (expense)
system operations (excluding depreciation,
amortization and accretion shown
separately below)																																																																																			147,738,000						153,724,000
income before income taxes and
minority interest																																																																																			66,220,000		30,442,750	34,906,000	63,860,000
basic weighted-average shares
outstanding																																																																																			86,708,000		21,552,750	86,278,000	86,199,000		86,142,000	86,501
diluted weighted-average shares
system operations (excluding depreciation, amortization and accretion
expense shown separately below)																																																																																				140,066,000
selling, general and administrative expense																																																																																				277,989,000
depreciation, amortization and accretion expense																																																																																				127,250,000
gain on assets held for sale
other income net																																																																																				200,000
system operations (excluding depreciation
shown separately below)																																																																																					109,134,000	154,126,000	144,886,000
depreciation																																																																																					81,782,750	115,377,000	110,314,000	101,440,000	89,797,000	87,104,000	95,872,000	93,355,000
amortization and accretion																																																																																					9,105,000	12,031,000	11,935,000	12,454,000
loss on impairment of intangible assets
loss on assets of operations held for sale																																																																																					-181,250
loss on investments																																																																																					-457,500		-1,830,000
income before cumulative effect of																																																																																									0.48
accounting change																																																																																					17,131,250	21,309,000	0.44		41,739,000	29,114,000
cumulative effect of accounting change, net of tax
cumulative effect of accounting change
loss on assets held for sale																																																																																							-582,000	-143,000	-1,442,000	3,500,000	23,500,000
income before cumulative
effect of accounting change																																																																																							37,984,000
income before cumulative effect of accounting change																																																																																								9,232,000		0.34	-14,643,000
system operations (excluding depreciation shown
marketing and selling																																																																																									101,589,000	98,548,000	108,921,000	100,877,000
general and administrative																																																																																									150,894,000	175,638,000	157,449,000	141,161,000
amortization of deferred charges and customer lists																																																																																									12,367,000	16,167,000	13,631,000
interest income																																																																																									437,000	376,000		729,000
and minority interest																																																																																									93,736,000	53,020,000		31,027,000
(loss) on investments																																																																																											-3,500,000
amortization of intangibles																																																																																												9,521,000
amortization of licenses related to investments
(loss) on wireless and other investments																																																																																												-34,210,000
income before
before minority interest																																																																																												14,758,000
basic weighted-average common
and series a common shares																																																																																												86,095,000
basic earnings per common and
series a common shares																																																																																												140
diluted earnings per common and

Balance Sheets:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-09-30	2012-06-30	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	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	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	253,638,000	113,400,000	325,626,000	386,000,000	182,000,000	144,000,000	272,000,000	195,000,000	185,000,000	150,000,000	153,000,000	186,000,000	154,000,000	273,000,000	254,000,000	320,000,000	300,000,000	156,000,000	231,000,000	267,000,000	479,000,000	931,000,000	418,000,000	258,000,000	285,000,000	570,000,000	528,000,000	648,000,000	580,000,000	730,000,000											715,376,000	596,766,000	362,282,000	336,893,000	211,513,000	273,798,000	404,058,000	398,541,000	342,065,000	183,101,000	467,421,000	419,696,000	409,579,000	437,624,000	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	32,912,000	38,910,000	21,969,000	17,045,000	29,003,000	31,069,000	17,562,000	30,866,000
accounts receivable
affiliated	1,883,000	7,420,000	9,356,000	1,000,000	7,000,000	1,000,000	1,000,000		2,000,000	3,000,000	6,000,000	9,000,000	1,000,000	12,000,000	8,000,000	14,000,000	1,000,000	14,000,000	8,000,000	10,000,000	6,000,000		1,000,000	1,000,000	1,000,000		3,000,000	1,000,000	2,000,000																											218,000					3,818,000		2,545,000	644,000	1,683,000	99,000	111,000		10,038,000	10,892,000	13,568,000	11,065,000	10,881,000	8,804,000	7,239,000	6,453,000	5,111,000	5,412,000	6,934,000	4,271,000	3,938,000
other, less allowances of 2,393 and 3,090, respectively	11,456,000
prepaid expenses	3,273,000	3,216,000	2,981,000	53,000,000	63,000,000	46,000,000	55,000,000	58,000,000	71,000,000	57,000,000	64,000,000	69,000,000	76,000,000	68,000,000	61,000,000	62,000,000	63,000,000	58,000,000	59,000,000	55,000,000	63,000,000	54,000,000	50,000,000	58,000,000	50,000,000	49,000,000	48,000,000	47,000,000	63,000,000	62,000,000											80,794,000	88,041,000	73,319,000	69,702,000	59,744,000	62,158,000	63,836,000	65,510,000	65,596,000	71,047,000	68,063,000	64,365,000	60,631,000	61,194,000	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	34,955,000	36,605,000	43,082,000	37,539,000	31,026,000	31,360,000	29,351,000	32,938,000	26,241,000	26,277,000	26,045,000	22,307,000	23,272,000	21,897,000	14,922,000
other current assets	3,813,000	6,515,000	3,954,000	21,000,000	25,000,000	21,000,000	21,000,000	26,000,000	32,000,000	36,000,000	40,000,000	47,000,000	57,000,000	45,000,000	41,000,000	41,000,000	51,000,000	49,000,000	42,000,000	40,000,000	43,000,000	28,000,000	29,000,000	22,000,000	20,000,000	19,000,000	36,000,000	29,000,000	34,000,000	20,000,000											53,946,000	18,730,000	18,144,000	18,112,000	90,834,000	23,237,000	20,908,000	19,702,000	19,538,000	19,051,000	18,845,000	17,111,000	15,993,000	11,197,000	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	13,385,000	21,160,000	21,418,000	17,549,000	15,145,000	12,854,000	18,056,000	14,998,000	30,463,000	33,977,000	30,203,000	20,994,000	24,153,000	21,586,000	5,980,000
total current assets	274,063,000	144,787,000	352,244,000	1,509,000,000	1,373,000,000	1,345,000,000	1,427,000,000	1,374,000,000	1,395,000,000	1,400,000,000	1,393,000,000	1,500,000,000	1,562,000,000	1,723,000,000	1,675,000,000	1,673,000,000	1,611,000,000	1,605,000,000	1,571,000,000	1,645,000,000	1,845,000,000	2,289,000,000	1,718,000,000	1,576,000,000	1,573,000,000	1,770,000,000	1,735,000,000	1,839,000,000	1,812,000,000	1,864,000,000
non-current assets held for sale	731,678,000	1,591,675,000	1,585,258,000
licenses	1,642,039,000	1,642,187,000	1,648,604,000	4,583,000,000	4,581,000,000	4,579,000,000	4,576,000,000	4,715,000,000	4,711,000,000	4,693,000,000	4,690,000,000	4,694,000,000	4,692,000,000	4,690,000,000	4,680,000,000	4,677,000,000	4,677,000,000	4,088,000,000	4,102,000,000	3,917,000,000	3,915,000,000	2,628,000,000	2,621,000,000	2,502,000,000	2,471,000,000	2,461,000,000	2,469,000,000	2,213,000,000	2,186,000,000	2,189,000,000											1,834,212,000	1,834,061,000	1,827,656,000	1,827,102,000	1,443,438,000	1,390,672,000	1,437,831,000	1,425,945,000	1,401,126,000	1,397,888,000	1,396,179,000	1,470,944,000	1,531,873,000	1,484,202,000	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	1,494,327,000	1,447,569,000	1,367,569,000	1,362,036,000	1,362,263,000	1,340,489,000	1,362,434,000	1,358,725,000	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	435,061,000	412,608,000	452,174,000	444,000,000	479,000,000	454,000,000	478,000,000	461,000,000	482,000,000	461,000,000	477,000,000	457,000,000	477,000,000	452,000,000	461,000,000	441,000,000	465,000,000	439,000,000	466,000,000	445,000,000	455,000,000	467,000,000	445,000,000	469,000,000	447,000,000	471,000,000	450,000,000	468,000,000	441,000,000	461,000,000											363,383,000	347,710,000	325,857,000	304,501,000	283,014,000	296,900,000	270,215,000	289,842,000	265,585,000	309,481,000	276,363,000	165,529,000	162,012,000	175,663,000	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	150,325,000	197,817,000	174,896,000	185,915,000	170,337,000	178,874,000	166,310,000	176,367,000	171,727,000	189,463,000	174,297,000	178,417,000	171,214,000	161,708,000
property, plant and equipment, net of accumulated depreciation	386,727,000	388,999,000
operating lease right-of-use assets	473,383,000	472,995,000	477,744,000	922,000,000	925,000,000	926,000,000	912,000,000	906,000,000	910,000,000	915,000,000	914,000,000	912,000,000	910,000,000	918,000,000	932,000,000	944,000,000	952,000,000	959,000,000	953,000,000	950,000,000	933,000,000	919,000,000	914,000,000	902,000,000	900,000,000	897,000,000	888,000,000	888,000,000
other assets and deferred charges	21,736,000	24,837,000	15,469,000	606,000,000	612,000,000	643,000,000	619,000,000	643,000,000	666,000,000	690,000,000	666,000,000	670,000,000	680,000,000	686,000,000	648,000,000	582,000,000	579,000,000	626,000,000	592,000,000	574,000,000	580,000,000	536,000,000	544,000,000	534,000,000	566,000,000	539,000,000	527,000,000	684,000,000	579,000,000	546,000,000											172,212,000	187,268,000	195,909,000	211,453,000	276,218,000	168,984,000	133,704,000	132,536,000	117,735,000	95,709,000	82,067,000	78,436,000	75,482,000	71,194,000	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	31,136,000	30,647,000	30,125,000	29,178,000	29,985,000
total assets1	3,964,687,000	4,678,088,000	4,918,327,000	10,377,000,000	10,365,000,000	10,449,000,000	10,516,000,000	10,639,000,000	10,704,000,000	10,750,000,000	10,749,000,000	10,889,000,000	10,997,000,000	11,119,000,000	11,056,000,000	11,003,000,000	10,875,000,000	10,341,000,000	10,144,000,000	9,920,000,000	10,148,000,000	9,180,000,000	8,500,000,000	8,251,000,000	8,164,000,000	8,291,000,000	8,223,000,000	8,229,000,000	7,274,000,000	7,228,000,000
current liabilities
current portion of long-term debt	6,094,000	4,063,000	2,031,000	28,000,000	26,000,000	22,000,000	20,000,000	20,000,000	20,000,000	20,000,000	18,000,000	54,000,000	15,000,000	13,000,000	11,000,000	8,000,000	6,000,000	3,000,000	3,000,000	3,000,000	2,000,000	2,000,000	4,000,000	6,000,000	8,000,000	19,000,000	19,000,000	19,000,000	19,000,000	19,000,000	18,000,000	18,000,000	18,000,000	18,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,313,000	8,501,000	57,000													101,000					84,000		10,088,000	10,086,000															3,000,000	415,391,000	3,000,000
accounts payable
trade	26,122,000	27,892,000	58,462,000	204,000,000	198,000,000	232,000,000	266,000,000	261,000,000	224,000,000	241,000,000	406,000,000	240,000,000	206,000,000	344,000,000	340,000,000	314,000,000	272,000,000	346,000,000	364,000,000	283,000,000	276,000,000	307,000,000	285,000,000	321,000,000	296,000,000	329,000,000	313,000,000	355,000,000	304,000,000	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	241,303,000	248,805,000	261,827,000	249,265,000	298,397,000	212,432,000	209,704,000	197,766,000	210,456,000	189,821,000	214,363,000	179,619,000	205,863,000	242,275,000
customer deposits and deferred revenues	45,213,000	85,945,000	122,090,000	225,000,000	231,000,000	238,000,000	225,000,000	236,000,000	235,000,000	229,000,000	222,000,000	231,000,000	229,000,000	239,000,000	218,000,000	197,000,000	200,000,000	191,000,000	161,000,000	153,000,000	158,000,000	126,000,000	139,000,000	139,000,000	148,000,000	155,000,000	164,000,000	164,000,000	157,000,000	145,000,000	127,000,000	132,000,000	185,000,000	176,000,000	183,000,000	180,000,000	190,000,000	204,000,000	231,000,000	245,000,000	250,983,000	236,568,000	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	123,344,000	119,782,000	109,294,000	107,696,000	106,180,000	103,146,000	109,054,000	107,909,000	104,162,000	102,638,000	100,850,000	94,032,000	92,898,000	86,676,000	79,349,000
accrued taxes	131,650,000	16,884,000	289,836,000	37,000,000	57,000,000	30,000,000	63,000,000	41,000,000	49,000,000	32,000,000	35,000,000	32,000,000	33,000,000	35,000,000	36,000,000	37,000,000	34,000,000	33,000,000	32,000,000	46,000,000	47,000,000	44,000,000	30,000,000	27,000,000	30,000,000	88,000,000	32,000,000	34,000,000	30,000,000	52,000,000	58,000,000	58,000,000	56,000,000	65,000,000	79,000,000	58,000,000	39,000,000	29,000,000	35,000,000	24,000,000	28,448,000	121,177,000	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	26,913,000	42,324,000	49,663,000	64,176,000	38,627,000	95,997,000	87,342,000	86,833,000	84,262,000	30,600,000	30,251,000	51,049,000	30,593,000	27,814,000	30,374,000
accrued compensation	558,000	4,322,000	4,620,000	54,000,000	33,000,000	93,000,000	66,000,000	57,000,000	32,000,000	83,000,000	61,000,000	54,000,000	44,000,000	84,000,000	62,000,000	56,000,000	42,000,000	83,000,000	69,000,000	53,000,000	40,000,000	63,000,000	53,000,000	47,000,000	76,000,000	68,000,000	45,000,000	42,000,000	78,000,000	66,000,000	48,000,000	43,000,000	74,000,000	68,000,000	46,000,000	43,000,000	73,000,000	64,000,000	52,000,000	41,000,000	67,770,000	57,547,000	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	47,842,000	42,504,000	35,757,000	28,462,000	42,865,000	33,063,000	29,740,000	25,921,000	46,503,000	37,592,000	26,062,000	32,493,000	26,541,000	22,066,000	24,444,000
short-term operating lease liabilities	15,640,000	15,294,000	15,600,000	137,000,000	140,000,000	141,000,000	139,000,000	134,000,000	134,000,000	135,000,000	135,000,000	134,000,000	133,000,000	133,000,000	133,000,000	133,000,000	131,000,000	129,000,000	126,000,000	125,000,000	120,000,000	113,000,000	112,000,000	109,000,000	105,000,000	104,000,000	101,000,000	99,000,000
current liabilities of discontinued operations	20,242,000	20,242,000	20,242,000
other current liabilities	13,708,000	14,843,000	15,453,000	109,000,000	113,000,000	118,000,000	124,000,000	130,000,000	138,000,000	154,000,000	148,000,000	254,000,000	285,000,000	335,000,000	291,000,000	223,000,000	179,000,000	104,000,000	93,000,000	78,000,000	90,000,000	69,000,000	65,000,000	66,000,000	79,000,000	78,000,000	65,000,000	80,000,000	94,000,000	83,000,000	82,000,000	90,000,000	90,000,000	76,000,000	74,000,000	78,000,000	84,000,000	78,000,000	80,000,000	97,000,000	104,447,000	92,617,000	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	93,718,000	47,822,000	39,410,000	49,311,000	25,952,000	38,116,000	27,078,000	35,045,000	23,763,000	24,598,000	21,966,000	24,311,000	23,040,000	19,651,000	19,883,000
total current liabilities	265,600,000	199,988,000	539,029,000	808,000,000	807,000,000	884,000,000	909,000,000	886,000,000	837,000,000	901,000,000	1,031,000,000	1,008,000,000	953,000,000	1,195,000,000	1,099,000,000	982,000,000	873,000,000	903,000,000	856,000,000	751,000,000	739,000,000	730,000,000	697,000,000	722,000,000	750,000,000	849,000,000	747,000,000	802,000,000	691,000,000	689,000,000
deferred liabilities and credits
deferred income tax liability	320,533,000	387,030,000	320,689,000	719,000,000	720,000,000	728,000,000	719,000,000	765,000,000	758,000,000	755,000,000	749,000,000	732,000,000	715,000,000	708,000,000	705,000,000	705,000,000	696,000,000	674,000,000	680,000,000	668,000,000	656,000,000	665,000,000	613,000,000	559,000,000	507,000,000	477,000,000	538,000,000	527,000,000	510,000,000	510,000,000	522,000,000	526,000,000	461,000,000	753,000,000	799,000,000	827,000,000	826,000,000	831,000,000	827,000,000																															27,035,000	26,326,000	28,681,000	43,015,000
long-term operating lease liabilities	511,639,000	509,876,000	513,421,000	825,000,000	824,000,000	822,000,000	813,000,000	822,000,000	827,000,000	831,000,000	834,000,000	836,000,000	836,000,000	843,000,000	859,000,000	872,000,000	882,000,000	889,000,000	890,000,000	890,000,000	879,000,000	877,000,000	874,000,000	865,000,000	865,000,000	864,000,000	858,000,000	858,000,000
other deferred liabilities and credits	333,360,000	336,379,000	336,135,000	576,000,000	570,000,000	570,000,000	579,000,000	573,000,000	564,000,000	565,000,000	601,000,000	607,000,000	601,000,000	604,000,000	661,000,000	690,000,000	583,000,000	573,000,000	565,000,000	372,000,000	393,000,000	364,000,000	346,000,000	327,000,000	319,000,000	312,000,000	299,000,000	296,000,000	389,000,000	386,000,000	367,000,000	359,000,000	337,000,000	321,000,000	316,000,000	311,000,000	302,000,000	311,000,000	300,000,000	297,000,000	290,949,000	287,873,000	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	62,914,000	57,462,000	51,074,000	52,866,000	44,636,000	114,601,000	106,271,000	101,991,000
long-term debt	668,499,000	670,258,000	671,902,000	2,819,000,000	2,829,000,000	2,837,000,000	2,882,000,000	2,887,000,000	3,029,000,000	3,044,000,000	2,903,000,000	3,105,000,000	3,297,000,000	3,187,000,000	3,115,000,000	3,118,000,000	3,220,000,000	2,728,000,000	2,604,000,000	2,710,000,000	2,981,000,000	2,108,000,000	1,625,000,000	1,503,000,000	1,502,000,000	1,592,000,000	1,596,000,000	1,601,000,000	1,605,000,000	1,609,000,000	1,614,000,000	1,618,000,000	1,622,000,000	1,626,000,000	1,613,000,000	1,616,000,000	1,618,000,000	1,621,000,000	1,623,000,000	1,626,000,000	1,628,507,000	1,368,656,000	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	1,001,839,000	1,001,725,000	1,001,612,000	1,001,498,000	1,001,385,000	1,161,127,000	1,161,014,000	1,160,900,000
commitments and contingencies
equity
array shareholders’ equity
series a common and common shares
authorized 190,000 shares
issued 88,074 shares
outstanding 86,443 shares (33,006 series a common and 53,437 common shares) and 86,380 shares (33,006 series a common and 53,374 common shares), respectively
par value	88,074,000	88,074,000	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	88,000,000	88,000,000	88,000,000	88,000,000	88,000,000	88,000,000																										88,074,000
additional paid-in capital	1,795,691,000	1,795,369,000	1,795,035,000	1,812,000,000	1,800,000,000	1,783,000,000	1,764,000,000	1,752,000,000	1,740,000,000	1,726,000,000	1,717,000,000	1,710,000,000	1,704,000,000	1,703,000,000	1,696,000,000	1,692,000,000	1,685,000,000	1,678,000,000	1,671,000,000	1,663,000,000	1,657,000,000	1,654,000,000	1,646,000,000	1,636,000,000	1,629,000,000	1,622,000,000	1,615,000,000	1,599,000,000	1,590,000,000	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	1,290,829,000				1,286,964,000	1,283,614,000	1,285,843,000	1,290,104,000	1,302,775,000	1,307,064,000	1,308,947,000	1,307,646,000	1,306,970,000	1,306,510,000	1,307,842,000
treasury shares, at cost, 1,631 and 1,694 common shares, respectively	-84,129,000
retained earnings	59,261,000	769,789,000	732,333,000	2,802,000,000	2,822,000,000	2,818,000,000	2,813,000,000	2,893,000,000	2,910,000,000	2,892,000,000	2,878,000,000	2,855,000,000	2,872,000,000	2,861,000,000	2,890,000,000	2,903,000,000	2,897,000,000	2,849,000,000	2,822,000,000	2,794,000,000	2,796,000,000	2,736,000,000	2,657,000,000	2,620,000,000	2,550,000,000	2,532,000,000	2,509,000,000	2,497,000,000	2,444,000,000	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	1,548,478,000	1,494,373,000	1,486,445,000	1,435,360,000	1,397,868,000	1,355,382,000	1,320,610,000	1,282,675,000	1,225,282,000	1,203,973,000	1,165,989,000	1,182,964,000	1,141,225,000	1,112,111,000	1,107,996,000
total array shareholders' equity	1,858,897,000	2,567,626,000	2,529,824,000	4,600,000,000
noncontrolling interests	6,159,000	6,931,000	7,327,000	14,000,000	14,000,000	15,000,000	16,000,000	15,000,000	15,000,000	16,000,000	16,000,000	16,000,000	15,000,000	16,000,000	16,000,000	16,000,000	16,000,000	16,000,000	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	13,000,000	10,000,000	11,000,000	11,000,000	11,000,000	10,000,000	11,000,000	11,000,000	12,000,000	11,000,000	10,000,000	10,000,000	10,000,000	10,243,000	11,665,000	10,195,000													70,903,000					55,112,000		56,433,000	52,451,000
total equity	1,865,056,000	2,574,557,000	2,537,151,000	4,614,000,000	4,599,000,000	4,592,000,000	4,598,000,000	4,690,000,000	4,673,000,000	4,642,000,000	4,619,000,000	4,589,000,000	4,583,000,000	4,570,000,000	4,605,000,000	4,624,000,000	4,609,000,000	4,563,000,000	4,539,000,000	4,519,000,000	4,490,000,000	4,426,000,000	4,334,000,000	4,264,000,000	4,210,000,000	4,185,000,000	4,175,000,000	4,134,000,000	4,067,000,000	4,023,000,000																										3,683,354,000					3,497,770,000		3,418,943,000	3,334,284,000
total liabilities and equity1	3,964,687,000	4,678,088,000	4,918,327,000	10,377,000,000	10,365,000,000	10,449,000,000	10,516,000,000	10,639,000,000	10,704,000,000	10,750,000,000	10,749,000,000	10,889,000,000	10,997,000,000	11,119,000,000	11,056,000,000	11,003,000,000	10,875,000,000	10,341,000,000	10,144,000,000	9,920,000,000	10,148,000,000	9,180,000,000	8,500,000,000	8,251,000,000	8,164,000,000	8,291,000,000	8,223,000,000	8,229,000,000	7,274,000,000	7,228,000,000	7,075,000,000	7,048,000,000	6,841,000,000	6,780,000,000	7,077,000,000	7,024,000,000	7,110,000,000	7,104,000,000	7,091,000,000	7,057,000,000
other, less allowances of 3,090 and 1,540, respectively		14,236,000
current assets of discontinued operations
non-current assets of discontinued operations
december 31,		2,025,000				2,024,000,000				2,023,000,000				2,022,000,000				2,021,000,000							2,019,000,000				2,018,000,000												2,015,000																														2,006,000
non-current liabilities of discontinued operations
noncontrolling interests with redemption features				16,000,000	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	12,000,000	12,000,000	11,000,000	10,000,000	10,000,000	10,000,000	10,000,000	11,000,000	11,000,000	11,000,000	11,000,000	10,000,000	11,000,000	11,000,000	11,000,000	11,000,000	11,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	1,000,000	2,000,000	1,097,000	910,000	1,178,000													923,000					752,000			612,000
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
treasury shares, at cost, 1,694 and 2,980 common shares, respectively		-85,606,000	-85,618,000
other, less allowances of 3,068 and 1,540, respectively			10,327,000
income taxes receivable				1,000,000						1,000,000	2,000,000	4,000,000	4,000,000	4,000,000	1,000,000			123,000,000	125,000,000	126,000,000	124,000,000	174,000,000	122,000,000	96,000,000	46,000,000																											2,776,000	2,280,000	324,000	70,000	35,121,000	32,106,000
property, plant and equipment			386,834,000	2,313,000,000	2,394,000,000	2,502,000,000	2,504,000,000	2,540,000,000	2,540,000,000	2,576,000,000	2,593,000,000	2,640,000,000	2,658,000,000	2,624,000,000	2,631,000,000	2,671,000,000	2,576,000,000	2,606,000,000	2,457,000,000	2,386,000,000	2,419,000,000	2,322,000,000	2,258,000,000	2,268,000,000	2,207,000,000	2,144,000,000	2,154,000,000	2,137,000,000	2,202,000,000	2,126,000,000
in service and under construction			1,070,631,000	8,477,000,000	8,417,000,000	8,387,000,000	8,402,000,000	8,294,000,000	8,321,000,000	9,560,000,000	9,571,000,000	9,491,000,000	9,440,000,000	9,334,000,000	9,410,000,000	9,352,000,000	9,136,000,000	9,056,000,000	8,990,000,000	8,874,000,000	8,823,000,000	8,623,000,000	8,481,000,000	8,485,000,000	8,293,000,000	8,088,000,000	7,980,000,000	7,867,000,000	7,778,000,000	7,647,000,000											7,668,736,000	7,511,997,000	7,420,889,000	7,426,410,000	7,458,740,000	7,647,406,000	7,670,466,000	7,715,292,000	7,717,512,000	7,571,429,000	7,380,123,000	7,562,931,000	7,341,632,000	7,232,771,000	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	5,120,994,000	4,981,963,000	4,901,700,000	4,753,058,000	4,653,292,000	4,397,253,000	4,352,889,000	4,216,083,000	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	5,885,000,000	5,898,000,000	5,754,000,000	5,781,000,000	6,984,000,000	6,978,000,000	6,851,000,000	6,782,000,000	6,710,000,000	6,779,000,000	6,681,000,000	6,560,000,000	6,450,000,000	6,533,000,000	6,488,000,000	6,404,000,000	6,301,000,000	6,223,000,000	6,217,000,000	6,086,000,000	5,944,000,000	5,826,000,000	5,730,000,000	5,576,000,000	5,521,000,000															4,730,523,000
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									83,000,000	81,000,000	70,000,000												38,000,000
inventory				126,000,000	178,000,000	179,000,000	161,000,000	143,000,000	175,000,000	199,000,000	175,000,000	210,000,000	262,000,000	261,000,000	243,000,000	206,000,000	177,000,000	173,000,000	136,000,000	183,000,000	139,000,000	157,000,000	145,000,000	212,000,000	162,000,000	139,000,000	146,000,000	157,000,000	142,000,000	123,000,000											149,307,000	176,259,000	135,401,000	164,900,000	267,068,000	184,822,000	199,859,000	218,882,000	238,188,000	142,560,000	163,433,000	139,136,000	196,523,000	183,139,000	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	117,189,000	76,925,000	82,239,000	85,118,000	92,748,000	54,899,000	55,127,000	69,751,000	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																					-65,000,000	-84,000,000
customers and agents, less allowances of 58 and 63, respectively					863,000,000
assets held for sale					1,000,000					15,000,000	16,000,000	16,000,000	18,000,000	26,000,000	29,000,000	15,000,000	15,000,000	18,000,000	3,000,000	3,000,000	1,000,000	19,000,000				9,000,000			54,000,000	42,000,000													22,203,000	22,203,000	107,055,000	68,288,000			16,027,000	78,413,000	78,389,000	213,593,000				60,829,000	53,910,000
uscellular shareholders’ equity
outstanding 85 shares
treasury shares, at cost, 3 common shares					-125,000,000	-112,000,000	-83,000,000		-80,000,000	-80,000,000	-80,000,000	-80,000,000	-96,000,000
total uscellular shareholders' equity					4,585,000,000	4,577,000,000	4,582,000,000	4,675,000,000	4,658,000,000	4,626,000,000	4,603,000,000	4,573,000,000	4,568,000,000	4,554,000,000	4,589,000,000	4,608,000,000	4,593,000,000	4,547,000,000	4,523,000,000	4,503,000,000	4,475,000,000	4,411,000,000
customers and agents, less allowances of 63 and 66, respectively						905,000,000
other, less allowances of 2 and 4, respectively						49,000,000	46,000,000	61,000,000
customers and agents, less allowances of 59 and 66, respectively							871,000,000
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 66 and 70, respectively										900,000,000		917,000,000
other, less allowances of 4 and 2, respectively										54,000,000
customers and agents, less allowances of 62 and 70, respectively											890,000,000
roaming											2,000,000	2,000,000	2,000,000	4,000,000	7,000,000	6,000,000	5,000,000	7,000,000	11,000,000	10,000,000	9,000,000	19,000,000	23,000,000	24,000,000	27,000,000	34,000,000	29,000,000	20,000,000	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	30,396,000	39,178,000	40,102,000	35,819,000	27,178,000	31,213,000	27,701,000	23,039,000	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 68 and 70, respectively													940,000,000
customers and agents, less allowances of 70 and 57, respectively														985,000,000
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														-98,000,000	-85,000,000	-75,000,000	-77,000,000							-92,000,000
customers and agents, less allowances of 66 and 57, respectively															987,000,000
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								63,000,000	60,000,000	47,000,000
short-term investments																					3,000,000						18,000,000	17,000,000	17,000,000																	40,014,000	40,035,000	40,056,000	50,104,000	45,162,000	110,352,000	110,585,000	140,494,000	100,738,000	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 57 and 62, respectively																		976,000,000
other, less allowances of 2 and 1, respectively																		63,000,000			85,000,000	64,000,000	56,000,000						46,000,000
liabilities held for sale																										1,000,000			1,000,000																											858,000
treasury shares, at cost, 2 common shares																		-68,000,000	-58,000,000		-66,000,000	-67,000,000	-70,000,000		-70,000,000	-70,000,000		-63,000,000
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
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
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	4,197,000,000	4,172,000,000	4,162,000,000	4,121,000,000	4,057,000,000	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
customers and agents, less allowances of 70 and 66, respectively																									919,000,000
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
customers and agents, less allowances of 66 and 55, respectively																													908,000,000
customers and agents, less allowances of 63 and 55, respectively																														845,000,000
the accompanying notes are an integral part of these consolidated financial statements.
1
net deferred income tax liability																																								825,000,000	820,731,000	828,563,000	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	601,535,000	582,328,000	603,283,000	656,375,000	660,667,000	657,452,000	671,148,000	676,773,000	551,866,000	529,625,000	506,610,000	487,589,000	447,194,000	424,812,000	394,013,000
net deferred income tax asset																																										82,719,000	77,969,000	77,246,000	93,058,000	97,856,000	99,105,000	99,105,000	99,105,000	54,475,000	48,818,000	36,302,000	37,868,000	35,641,000	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
goodwill																																									369,596,000	369,596,000	369,596,000	370,151,000	370,151,000	387,524,000	387,524,000	387,524,000	387,524,000	387,360,000	387,360,000	421,743,000	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	494,737,000	493,918,000	493,918,000	492,286,000	491,316,000	491,316,000	491,270,000	485,452,000	485,485,000	475,925,000	471,935,000	471,617,000	442,698,000	426,058,000	425,908,000	425,343,000	433,254,000	433,250,000	549,780,000	547,663,000	546,702,000
less: accumulated depreciation																																									5,019,803,000	4,903,559,000	4,795,074,000	4,781,293,000		4,900,957,000	4,909,062,000	4,939,072,000	4,860,992,000	4,696,836,000	4,556,614,000	4,614,423,000	4,406,847,000	4,349,653,000	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																																									7,059,978,000	6,938,384,000	6,596,619,000	6,606,378,000	6,487,268,000	6,257,075,000	6,298,967,000	6,338,334,000	6,445,708,000	6,259,854,000	6,329,778,000	6,523,635,000	6,536,348,000	6,425,252,000	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	5,680,616,000	5,573,507,000	5,476,019,000	5,412,286,000	5,434,028,000	5,243,627,000	5,202,850,000	5,253,264,000	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
total liabilities and equity																																									7,059,978,000	6,938,384,000	6,596,619,000													6,280,601,000					5,759,036,000		5,731,247,000	5,619,955,000
investments
investments - sum																																												2,501,754,000	2,096,603,000	2,075,096,000	2,095,570,000	2,103,311,000	2,054,235,000	2,134,828,000	2,100,055,000	2,098,426,000	2,198,928,000	2,210,322,000	2,171,613,000									2,127,894,000	2,479,057,000
united states cellular corporation
consolidated balance sheet — liabilities and equity
u.s. cellular shareholders' equity
united states cellular corporation consolidated balance sheet — liabilities and equity
long-term investments																																																		40,099,000	40,120,000	40,142,000	10,171,000	55,468,000	40,276,000	45,297,000	40,326,000	35,737,000	46,156,000	40,987,000
customer lists, net of accumulated amortization of 50,258 and 96,809, respectively
customer lists, net of accumulated amortization of 50,224 and 96,809, respectively																																																			33,000
customer lists, net of accumulated amortization of 96,843 and 96,809, respectively																																																				68,000
customer lists, net of accumulated amortization of 96,776 and 96,597, respectively																																																					135,000
notes and interest receivable — long-term																																																						82,000	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
customer lists, net of accumulated amortization of 96,742 and 96,597, respectively																																																						170,000
customer lists, net of accumulated amortization of 96,689 and 96,597, respectively																																																							223,000
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
deferred liabilities and credits - sum																																																																717,674,000	832,512,000
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		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	249,039,000	204,933,000	218,226,000	219,584,000	225,387,000	270,582,000	251,115,000	274,079,000	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	2,492,146,000	2,382,414,000	2,311,957,000	2,193,509,000	2,076,528,000	1,975,846,000	1,902,593,000	1,787,613,000	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
accounts payable - sum																																																																	614,576,000
asset retirement obligation																																																																	145,512,000	133,802,000	130,098,000	123,466,000	136,643,000	131,404,000	127,639,000	115,998,000	98,319,000	93,490,000	90,224,000				69,238,000	66,315,000	64,297,000
minority interest																																																																	51,684,000	48,391,000	44,772,000	41,898,000	39,518,000	38,005,000	36,700,000	38,741,000	41,650,000	45,939,000	46,442,000							61,395,000	58,243,000	57,975,000	50,499,000
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	80,382,000	51,571,000	25,457,000	24,319,000	24,944,000	31,343,000	26,832,000	28,516,000	27,130,000	22,739,000	27,105,000	20,142,000	16,546,000	12,831,000	4,385,000
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	5,680,616,000	5,573,507,000	5,476,019,000	5,412,286,000	5,434,028,000	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	35,000,000	150,000,000	105,000,000	85,000,000	135,000,000		50,000,000	135,000,000	55,000,000		85,000,000	470,000,000	605,000,000	532,000,000
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	88,840,000	43,210,000	21,925,000	21,003,000	25,818,000	60,857,000	46,616,000	66,800,000	44,567,000	31,966,000	43,440,000	17,724,000	15,368,000	5,635,000
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						8,218,000	15,337,000	46,461,000	72,667,000
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 12,027 and 11,410, respectively																																																																							305,475,000
other, less allowance of 989 and 0, respectively																																																																							71,567,000
customer lists, net of accumulated amortization of 68,110 and 44,616, respectively																																																																							26,196,000
notes and interest receivable—long-term																																																																							4,541,000				4,707,000
forward contracts																																																																							159,856,000	159,856,000	159,856,000	159,856,000	159,856,000
common shares, par value 1 per share; authorized 140,000,000 shares; issued 55,045,684 shares																																																																							55,046,000					55,046,000
treasury shares, at cost, 329,934 and 962,863 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	58,436,000	37,842,000	35,185,000	40,269,000	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
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 11,410 and 10,820, respectively																																																																											281,896,000
customer lists, net of accumulated amortization of 42,947 and 34,630, respectively																																																																											49,318,000
common shares, par value 1 per share; authorized 140,000,000 shares;
issued 55,045,684 shares																																																																											55,046,000
series a common shares, par value 1 per share; authorized 50,000,000 shares;
issued and outstanding 33,005,877 shares																																																																											33,006,000
treasury shares, at cost, 962,863 and 1,716,658 shares, respectively
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	31,372,000	31,954,000
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			2,283,000				9,005,000	9,823,000
minority interest in subsidiaries																																																																												46,407,000	43,863,000	42,796,000	38,736,000	36,882,000	34,397,000
treasury shares, at cost, 996,872 and 1,716,658 common shares, respectively
customers, less allowance of 9,330 and 18,277, respectively																																																																													260,117,000
customer lists, net of accumulated amortization of 39,214 and
34,630, respectively																																																																													20,952,000	22,615,000
notes and interest receivable - long-term																																																																													4,753,000	4,778,000		5,275,000	5,400,000		6,476,000	6,568,000	18,887,000
common stockholders' equity
common shares, par value 1 per share; authorized 140,000,000
shares; issued 55,045,684 shares																																																																													55,046,000	55,046,000
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
treasury shares, at cost, 1,238,263 and 1,716,658 common shares,
respectively																																																																													-65,428,000	-79,229,000	33,081,000	36,124,000	26,492,000	23,359,000	20,613,000	35,599,000
total liabilities and stockholders' equity																																																																													5,202,850,000	5,253,264,000
customers, less allowance of 10,262 and 18,277, respectively																																																																														245,840,000
customer lists, net of accumulated amortization of 36,930 and
treasury shares, at cost, 1,441,069 and 1,716,658 common shares,
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,
current portion of long-term debt – affiliated
accrued interest																																																																															15,408,000	12,726,000	14,335,000	5,203,000	9,858,000	4,903,000	4,356,000
6.7% notes																																																																															530,817,000	530,703,000	436,889,000
6% zero coupon convertible debentures																																																																																	160,019,000	155,356,000	153,065,000	150,829,000	146,434,000
7.25% notes																																																																																	250,000,000	250,000,000	250,000,000	250,000,000
8.75% notes																																																																															130,000,000	130,000,000	130,000,000	130,000,000	130,000,000	130,000,000
7.5% notes																																																																															330,000,000	330,000,000
variable prepaid forward contracts																																																																															159,856,000	159,856,000	159,856,000	159,856,000	159,856,000	159,856,000
common shareholders' equity
shares; issued 55,045,684 and 55,046,268 shares, respectively																																																																															55,046,000
treasury shares, at cost, 1,694,454 and 1,900,254 shares, respectively																																																																															-100,686,000
total liabilities and stockholders’ equity																																																																															4,979,174,000
customers, less allowance of 20,398 and 13,786, respectively																																																																																249,921,000
customer lists, net of accumulated amortization of 28,945
131,090 and 114,673, respectively
other, net of accumulated amortization of 2,623 and 5,815,
current portion of long-term debt - affiliated
shares; issued 55,046,268 shares																																																																																55,046,000	55,046,000
treasury shares, at cost, 1,832,787 and 1,900,254 shares, respectively																																																																																-109,436,000
total liabilities and shareholders' equity																																																																																5,232,886,000	4,848,957,000	4,740,704,000	4,790,134,000	4,698,012,000	4,444,293,000
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,
treasury shares, at cost, 1,873,658 and 1,900,254 shares, respectively																																																																																	-113,377,000
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,
9% senior notes
affiliates																																																																																		5,446,000	4,170,000	6,436,000	2,634,000
long-term debt-affiliated																																																																																		105,000,000	105,000,000	105,000,000
shares; issued and outstanding 55,046,268 shares																																																																																		55,046,000	55,046,000	55,046,000
treasury shares, at cost, 1,905,845 and 1,932,322 shares, respectively																																																																																		-115,473,000
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,
treasury shares, at cost, 1,913,547 and 1,932,322 shares, respectively																																																																																			-115,757,000
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,
collateral loan payable																																																																																				32,200,000
treasury shares, at cost, 1,920,739 and 1,932,322 shares, respectively																																																																																				-116,479,000
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
1997 revolving credit facility																																																																																					380,000,000
7.25% unsecured notes																																																																																					250,000,000
9% series a notes																																																																																					175,000,000
long-term debt - affiliates																																																																																					105,000,000
contracts payable																																																																																					159,856,000
common shares, par value 1 per share																																																																																					55,046,000
series a common shares, par value 1 per share																																																																																					33,006,000
treasury shares, at cost																																																																																					-118,476,000
3.

Cashflow Statements:

Quarterly

Annual

Unit: USD	2026-03-31	2025-12-31	2025-09-30	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	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31	2009-09-30	2009-06-30	2009-03-31	2008-12-31	2008-09-30	2008-06-30	2008-03-31	2007-12-31	2007-09-30	2007-06-30	2007-03-31	2006-12-31	2006-09-30	2006-06-30	2006-03-31	2005-12-31	2005-09-30	2005-06-30	2005-03-31	2004-09-30	2004-06-30	2004-03-31	2003-09-30	2003-06-30	2003-03-31

cash flows from operating activities
net income	177,988,000	37,883,000	-20,690,000	32,000,000	20,000,000	5,000,000	-79,000,000	18,000,000	24,000,000	15,000,000	23,000,000	6,000,000	14,000,000	-27,000,000	-12,000,000	22,000,000	52,000,000	28,000,000	35,000,000	35,000,000	62,000,000	86,000,000	69,000,000	72,000,000	18,000,000	25,000,000	32,000,000	58,000,000	1,275,597,000	36,000,000	52,000,000	55,000,000	274,000,000	-299,000,000	12,000,000	28,000,000	-5,000,000	17,000,000	28,000,000	9,000,000	-2,626,000	65,021,000	19,910,000	164,990,000	-22,104,000	-23,771,000	-19,451,000	18,404,000	-262,000	-9,601,000	143,675,000	10,710,000	1,060,880,000	42,140,000	59,248,000	69,012,000	809,492,000	71,608,000	79,881,000	39,380,000	1,036,361,000	43,278,000	45,109,000	53,951,000	955,651,000	41,244,000	89,327,000	90,600,000	976,882,000	89,949,000	72,602,000	70,557,000	1,003,074,000	63,555,000	147,571,000	74,401,000	1,006,131,000	36,807,000	51,086,000	37,492,000	880,677,000	13,691,000	37,936,000	16,898,000	21,309,000	37,984,000	9,232,000	41,739,000	29,114,000	-14,643,000
net income from discontinued operations	-2,036,000	-3,881,000
net income from continuing operations	180,024,000	41,764,000
add (deduct) adjustments to reconcile net income to net cash flows from operating activities
depreciation and accretion	12,604,000
bad debts expense	-264,000	34,000	-41,345,000	23,000,000	20,000,000	32,000,000	19,000,000	17,000,000	29,000,000	32,000,000	22,000,000	24,000,000	26,000,000	39,000,000	42,000,000	26,000,000	25,000,000	22,000,000	13,000,000	14,000,000	7,000,000	7,000,000	12,000,000	33,000,000	30,000,000	29,000,000	24,000,000	24,000,000																																				19,193,000			20,324,000	18,704,000		20,327,000	14,464,000	17,962,000		22,669,000	12,783,000	11,087,000		20,698,000	15,695,000	7,394,000
stock-based compensation expense	227,000	259,000	-27,440,000	12,000,000	17,000,000	18,000,000	12,000,000	12,000,000	13,000,000	9,000,000	8,000,000			6,000,000	4,000,000	7,000,000	7,000,000	7,000,000	8,000,000	6,000,000	6,000,000	8,000,000	10,000,000	7,000,000	9,000,000	7,000,000	16,000,000	9,000,000																																				3,830,000			5,010,000	2,964,000		4,812,000	4,708,000	1,773,000		3,206,000	5,155,000	3,022,000		7,198,000
deferred income taxes	-62,256,000	43,354,000	-72,087,000	-1,000,000	-8,000,000	8,000,000	-46,000,000	7,000,000	4,000,000	6,000,000	16,000,000	18,000,000	7,000,000	2,000,000	0	9,000,000	22,000,000	-6,000,000	12,000,000	12,000,000	23,000,000	52,000,000	54,000,000	52,000,000	30,000,000	-61,000,000	10,000,000	17,000,000																																							17,931,000	1,673,000		17,255,000	11,305,000	15,926,000			4,633,000	369,000						13,877,000	22,295,000	10,374,000	12,972,000
equity in earnings of unconsolidated entities	-40,408,000	-26,301,000	-69,453,000	-42,000,000	-36,000,000	-38,000,000	-43,000,000	-38,000,000	-42,000,000	-37,000,000	-39,000,000	-38,000,000	-44,000,000	-36,000,000	-40,000,000	-37,000,000	-45,000,000	-42,000,000	-49,000,000	-46,000,000	-42,000,000	-48,000,000	-44,000,000	-45,000,000	-38,000,000	-44,000,000	-40,000,000	-44,000,000
distributions from unconsolidated entities	18,373,000	65,867,000	61,732,000	77,000,000	11,000,000	63,000,000	26,000,000	58,000,000	22,000,000	53,000,000	19,000,000	58,000,000	20,000,000	45,000,000	20,000,000	61,000,000	19,000,000	70,000,000	27,000,000	57,000,000	22,000,000	28,000,000	66,000,000	24,000,000	62,000,000	23,000,000	58,000,000	18,000,000																																				7,238,000			7,089,000	5,908,000		5,290,000	38,636,000	6,933,000		4,426,000	40,943,000	2,226,000		2,198,000	31,629,000	5,547,000			26,562,000	1,394,000	16,109,000	3,680,000	3,541,000	3,664,000	3,949,000	13,615,000
loss on asset disposals	904,000	1,126,000	-3,380,000	2,000,000	2,000,000	4,000,000	3,000,000	5,000,000	6,000,000	3,000,000	1,000,000	3,000,000	10,000,000	10,000,000	1,000,000	6,000,000	2,000,000	8,000,000	8,000,000	2,000,000	5,000,000	6,000,000	4,000,000	4,000,000	6,000,000	6,000,000	5,000,000	2,000,000																																				5,176,000			2,086,000	2,191,000		6,884,000	6,219,000	3,673,000
loss on license sales and exchanges	-156,635,000	0	-1,123,000	-4,000,000	-1,000,000	-1,000,000	-3,000,000	8,000,000	-1,000,000																		0	-2,000,000
other operating activities	-111,000	947,000	-2,662,000	2,000,000	1,000,000	2,000,000	0	2,000,000	1,000,000	2,000,000	1,000,000	1,000,000	2,000,000	3,000,000	3,000,000	2,000,000	1,000,000	2,000,000	12,000,000	20,000,000	-1,000,000				1,000,000	1,000,000																																						274,000
changes in assets and liabilities from operations
accounts receivable	9,512,000	-1,471,000	15,843,000	-22,000,000	1,000,000	-41,000,000	31,000,000	-17,000,000	16,000,000	-13,000,000	-5,000,000	-2,000,000	37,000,000	-5,000,000	-37,000,000	-32,000,000	15,000,000	-46,000,000	-4,000,000	19,000,000	4,000,000	8,000,000	-32,000,000	55,000,000	-11,000,000	-38,000,000	-28,000,000	31,000,000	-38,867,000																																			1,313,000
accounts payable	-7,329,000	-31,570,000	26,231,000	13,000,000	-17,000,000	-31,000,000			-15,000,000	-46,000,000	67,000,000	43,000,000	-149,000,000	19,000,000	1,000,000	54,000,000	-62,000,000	-24,000,000	39,000,000	14,000,000	-86,000,000	22,000,000	-42,000,000	97,000,000	-65,000,000	3,000,000	-63,000,000	56,000,000
customer deposits and deferred revenues	-33,349,000	-36,145,000	-15,880,000	-5,000,000	-8,000,000	13,000,000	-10,000,000	1,000,000	5,000,000	7,000,000	-7,000,000	1,000,000	-10,000,000	20,000,000	21,000,000	-3,000,000	9,000,000	30,000,000	8,000,000	-5,000,000	7,000,000	-13,000,000	0	-10,000,000	-7,000,000	-9,000,000	1,000,000	7,000,000																																				403,000
accrued taxes	112,171,000	-4,241,000	-21,713,000	-19,000,000	29,000,000	-50,000,000	26,000,000	-3,000,000	23,000,000		11,000,000	0	1,000,000	-13,000,000	-1,000,000	5,000,000	130,000,000	-5,000,000	-13,000,000	-26,000,000	3,000,000	-35,000,000	-18,000,000	-49,000,000	-104,000,000	78,000,000	-8,000,000	11,000,000																																				29,860,000			25,260,000	39,591,000
accrued interest	756,000				9,000,000		9,000,000	-10,000,000	9,000,000		8,000,000	-10,000,000	9,000,000		9,000,000	-9,000,000	10,000,000				9,000,000			9,000,000				9,000,000																																				9,221,000			-8,887,000	9,337,000
other assets and liabilities	-9,741,000	-11,034,000	-54,627,000	47,000,000	-82,000,000	46,000,000	-6,000,000	38,000,000	-82,000,000		-3,000,000	20,000,000	-52,000,000	32,000,000	30,000,000	35,000,000	-40,000,000	40,000,000	6,000,000	24,000,000	-53,000,000	-16,000,000	37,000,000	-57,000,000	15,000,000	24,000,000	4,000,000	-52,000,000
net cash from operating activities - continuing operations	24,478,000	52,619,000
net cash from operating activities - discontinued operations	-652,000	-254,681,000
net cash from operating activities	23,826,000	-202,062,000	-82,102,000	325,000,000	160,000,000	122,000,000	245,000,000	313,000,000	203,000,000	147,000,000	329,000,000	349,000,000	41,000,000	180,000,000	74,000,000	267,000,000	311,000,000	135,000,000	304,000,000	239,000,000	124,000,000	258,000,000	350,000,000	342,000,000	37,000,000	211,000,000	189,000,000	287,000,000	644,720,000
cash flows from investing activities
cash paid for additions to property, plant and equipment	-13,822,000	-8,603,000	128,403,000	-75,000,000	-72,000,000	-138,000,000	-129,000,000	-137,000,000	-133,000,000	-154,000,000	-103,000,000	-155,000,000	-196,000,000	-193,000,000	-121,000,000	-138,000,000	-150,000,000	-268,000,000	-175,000,000	-148,000,000	-133,000,000	-219,000,000	-156,000,000	-315,000,000	-211,000,000	-157,000,000	-175,000,000	-107,000,000		-104,000,000	-97,000,000	-76,000,000	-213,000,000	-97,000,000	-67,000,000	-88,000,000	-163,000,000	-103,000,000	-74,000,000	-103,000,000
cash paid for licenses		0	-175,000	-2,000,000	-2,000,000	-3,000,000	-2,000,000	-4,000,000	-11,000,000	-106,000,000	-16,000,000	-3,000,000	-5,000,000	-10,000,000	-12,000,000	-2,000,000	-561,000,000	-39,000,000	-4,000,000	-3,000,000	-1,256,000,000	-25,000,000	-118,000,000	-26,000,000	-9,000,000	-2,000,000	-254,000,000	-1,000,000					0	0
cash received from divestitures	1,018,044,000	0																																											36,041,000	17,896,000	22,863,000	103,042,000	326,820,000	4,300,000				146,000	0	49,786,000										0				0	0	6,838,000		0	3,998,000	279,000
net cash from investing activities - continuing operations	1,004,222,000	-8,603,000
net cash from investing activities - discontinued operations		0
net cash from investing activities	1,004,222,000	-8,603,000	2,596,367,000	-76,000,000	-74,000,000	-141,000,000	-131,000,000	-140,000,000	-144,000,000	-257,000,000	-119,000,000	-153,000,000	-192,000,000	-203,000,000	-125,000,000	-141,000,000	-710,000,000	-304,000,000	-198,000,000	-146,000,000	-1,388,000,000	-224,000,000	-289,000,000	-342,000,000	-217,000,000	-141,000,000	-294,000,000	-212,000,000	213,158,000
cash flows from financing activities
repayment of long-term debt		0	-863,250,000	-7,000,000	-5,000,000	-45,000,000	-5,000,000	-143,000,000	-55,000,000	-58,000,000	-239,000,000	-153,000,000	-3,000,000	-2,000,000	-100,000,000	-101,000,000	-126,000,000	-1,000,000	-342,000,000			-2,000,000	-2,000,000	-2,000,000	-102,000,000	-4,000,000	-5,000,000	-5,000,000		-4,000,000																-10,000	-5,000	-23,000	-21,000	-322,000	-10,000	-61,000		-298,000
tax withholdings, net of cash receipts, for stock-based compensation awards	-1,374,000		-27,506,000
repurchase of common shares		0	-360,000	0	-21,000,000	-28,000,000								-15,000,000	-10,000,000	-8,000,000	-10,000,000	-10,000,000	-19,000,000	0	-2,000,000	0	-2,000,000	-21,000,000	0
dividends paid to array shareholders	-885,472,000	0
distributions to noncontrolling interests	-964,000	-801,000	-24,811,000	0	-2,000,000	-1,000,000	-1,000,000	-1,000,000	-2,000,000	-1,000,000	0	-1,000,000	-1,000,000	0	-1,000,000	-1,000,000	-1,000,000	-1,000,000	0	-1,000,000	-1,000,000	-1,000,000	0	-1,000,000	-1,000,000	-1,000,000	-1,000,000	-1,000,000													-272,000	-225,000	-5,647,000	-225,000	-2,617,000	43,000	-136,000	-346,000	-319,000	-155,000	-896,000	-2,396,000		-848,000	-425,000	-218,000			-691,000	-186,000		-1,514,000
other financing activities		-70,000	-5,930,000			-1,000,000	1,000,000	-1,000,000	-2,000,000		-1,000,000	0	-1,000,000	6,000,000	-4,000,000	0	-3,000,000	-6,000,000	3,000,000	-5,000,000	-2,000,000				0	-1,000,000											-1,000,000	-1,000,000			2,097,000	6,000	384,000	-2,130,000	417,000	-440,000			1,138,000	-895,000	54,000	2,000		-284,000	577,000	-9,000		6,000	146,000	17,000		-9,010,000														1,114,000		7,000	0	342,000			-1,195,000	-61,000	2,635,000	1,317,000	267,000	1,799,000	2,258,000	170,000
net cash from financing activities - continuing operations	-887,810,000	-1,561,000
net cash from financing activities - discontinued operations		0
net cash from financing activities	-887,810,000	-1,561,000	-2,589,781,000	-49,000,000	-44,000,000	-110,000,000	-41,000,000	-168,000,000	-28,000,000	104,000,000	-249,000,000	-172,000,000	43,000,000	42,000,000	-15,000,000	-115,000,000	544,000,000	105,000,000	-140,000,000	-308,000,000	485,000,000	478,000,000	108,000,000	-24,000,000	-104,000,000	-27,000,000	-15,000,000	-6,000,000	-1,237,878,000
net increase in cash, cash equivalents and restricted cash	140,238,000		-75,516,000	200,000,000	42,000,000	-129,000,000	73,000,000	5,000,000	31,000,000	-6,000,000	-39,000,000	24,000,000	-108,000,000	19,000,000	-66,000,000	11,000,000	145,000,000	-64,000,000	-34,000,000			512,000,000	169,000,000	-24,000,000	-284,000,000	43,000,000	-120,000,000	69,000,000		135,000,000	87,000,000	158,000,000
cash, cash equivalents and restricted cash
beginning of period	113,400,000	0	142,000	0	159,000,000	0	0	0	179,000,000	0	0	0	308,000,000	0	0	0	199,000,000	0	0	0	1,291,000,000	0	0	291,000,000	0	0	0	583,000,000		0	0	352,000,000	0	0	0	586,000,000	0	0	0	715,000,000	0	0	0	211,513,000	0	0	0	342,065,000	0	0	0	378,358,000		0	0	424,155,000		0	0	294,426,000		0	0	294,411,000		0	0	170,996,000		0	0	204,533,000		0	0	32,912,000		0	0	29,003,000		-31,074,000	0	40,922,000	0	0	9,848,000	0	0	14,864,000
end of period	253,638,000	-212,226,000	-75,374,000	200,000,000	201,000,000	-129,000,000	73,000,000	5,000,000	210,000,000	-6,000,000	-39,000,000	24,000,000	200,000,000	19,000,000	-66,000,000	11,000,000	344,000,000	-64,000,000	-34,000,000	-215,000,000	512,000,000	512,000,000	169,000,000	267,000,000	-284,000,000	43,000,000	-120,000,000	652,000,000		135,000,000	87,000,000	510,000,000	-146,000,000	26,000,000	-100,000,000	572,000,000	-88,000,000	53,000,000	-151,000,000	772,000,000	118,610,000	234,484,000	25,389,000	336,893,000	-62,285,000	-130,260,000	5,517,000	398,541,000	158,964,000	-284,320,000	47,725,000	419,696,000		-28,045,000	-73,454,000	511,078,000		76,327,000	7,331,000	421,294,000		36,439,000	-56,805,000	289,658,000		128,974,000	84,123,000	191,797,000		76,453,000	-115,320,000	216,475,000		35,938,000	-43,774,000	189,856,000		16,941,000	4,924,000	17,045,000		13,155,000	-13,304,000	30,866,000	-315,766,000	311,448,000	35,035,000	-3,744,000	7,801,000	17,888,000
depreciation, amortization and accretion		12,402,000	-289,140,000	162,000,000	163,000,000	166,000,000	170,000,000	164,000,000	165,000,000	166,000,000	160,000,000	160,000,000	170,000,000	180,000,000	178,000,000	171,000,000	171,000,000	168,000,000	160,000,000	180,000,000	170,000,000	162,000,000	177,000,000	177,000,000	178,000,000	179,000,000	176,000,000	169,000,000																																				143,233,000			138,614,000	137,651,000		145,434,000	145,258,000	142,530,000		149,776,000	148,856,000	149,257,000		147,707,000	140,018,000	141,726,000		109,834,000	126,467,000	127,250,000	127,408,000	122,249,000	113,894,000
loss on impairment of licenses		0				0								0	0
other investing activities		0	301,000			0	0			3,000,000	0	5,000,000	9,000,000					2,000,000	0			4,000,000			-6,000,000	0	0	-1,000,000		0											13,000	-135,000	-26,000	1,151,000	1,815,000	-32,000	252,000	584,000	-4,552,000	-3,410,000	339,000	3,654,000		-1,933,000	-3,393,000	296,000			491,000	2,200,000		-233,000	533,000	356,000		250,000	867,000	240,000				239,000				662,000							-321,000	-1,052,000	350,000	-360,000	-651,000	436,000	1,217,000	-2,744,000
issuance of long-term debt		0				0	0	0	40,000,000	200,000,000	0	0	115,000,000	75,000,000	100,000,000	0	625,000,000	125,000,000	225,000,000	500,000,000	492,000,000	500,000,000																			300,000,000																	0																											0
repayment of short-term debt										0	0	0	-60,000,000	0
tax withholdings, net of cash receipts, for array stock-based compensation awards
payment of debt issuance costs		-750,000												0	0	0	-1,000,000	-2,000,000	-4,000,000	-15,000,000	-1,000,000	-16,000,000																			-9,925,000	0	-62,000	-3,018,000
net decrease in cash, cash equivalents and restricted cash																					-779,000,000
equipment installment plans receivable				6,000,000	38,000,000	-49,000,000	7,000,000	3,000,000	2,000,000	-40,000,000	13,000,000	6,000,000	1,000,000	-68,000,000	-106,000,000			-72,000,000	-12,000,000	-14,000,000	-18,000,000	-9,000,000	-1,000,000	23,000,000	-55,000,000	-31,000,000	-1,000,000	-10,000,000
inventory				51,000,000	1,000,000	-17,000,000	-19,000,000	33,000,000	24,000,000	-24,000,000	34,000,000	53,000,000	-1,000,000	-17,000,000	-38,000,000	-29,000,000	-4,000,000	-37,000,000	47,000,000	-44,000,000	7,000,000	-12,000,000	67,000,000	-50,000,000	-23,000,000	7,000,000	11,000,000	-15,000,000																																								7,204,000
cash paid for software license agreements				-11,000,000	-9,000,000	-35,000,000	-11,000,000	-11,000,000	-9,000,000	-38,000,000	-9,000,000	-12,000,000	-7,000,000
tax payments, net of cash receipts, for stock-based compensation awards					-7,000,000
loss on sale of business and other exit costs														0			-1,000,000	-1,000,000	0	0	-1,000,000				0	1,000,000	0	-2,000,000
issuance of short-term debt														0	50,000,000	0	60,000,000
common shares reissued for stock-based compensation awards, net of tax payments
tax payments for stock-based compensation awards							1,000,000
advance payments for license acquisitions																		0										-135,000,000
common shares reissued for benefit plans, net of tax payments										0	0			0	0			0	-3,000,000	-12,000,000	-1,000,000	-4,000,000			-1,000,000	0						2,000,000	0			3,000,000	2,000,000	1,000,000	2,000,000	1,000,000	3,035,000	702,000	-2,057,000	487,000	-320,000	320,000	514,000	316,000	2,944,000	5,046,000	-2,329,000	123,000		166,000	-2,822,000	357,000		491,000	-41,000	1,305,000		594,000	-342,000	486,000				356,000
loss on investments																																																																																		2,381,000			0			0	0	3,500,000
cash received from divestitures and exchanges														0	7,000,000	0	1,000,000	1,000,000	1,000,000	0	1,000,000	0			9,000,000	0	1,000,000	31,000,000		2,000,000	17,000,000	4,000,000	2,000,000	2,000,000	1,000,000	16,000,000	1,000,000	3,000,000	15,000,000	2,000,000	2,377,000	32,779,000	7,462,000	274,111,000
payments to acquire additional interest in subsidiaries
cash received from investments																		0	0			0			0	18,000,000	9,000,000	2,000,000
cash paid for investments																						0	0	-1,000,000	0	0	-10,000,000	-1,000,000					0																					0	-35,000,000	-10,000,000						-15,250,000
loss on impairment of goodwill
noncash interest																												1,000,000
cash flows from operating activities:
adjustments to reconcile net income to net cash from operating activities:
depreciation
imputed interest on financing obligation
provision for uncollectible accounts
changes in operating assets and liabilities:
prepaid expenses and other
accounts payable and accrued liabilities
contract liabilities and other
deferred rent
other liabilities
cash flows from investing activities:
capital expenditures	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
free cash flows	23,826,000	-202,062,000	-82,102,000	325,000,000	160,000,000	122,000,000	245,000,000	313,000,000	203,000,000	147,000,000	329,000,000	349,000,000	41,000,000	180,000,000	74,000,000	267,000,000	311,000,000	135,000,000	304,000,000	239,000,000	124,000,000	258,000,000	350,000,000	342,000,000	37,000,000	211,000,000	189,000,000	287,000,000	644,720,000
fixed asset transfers out
acquisition of wireless licenses
collections on deferred purchase price and purchased receivables
collection on beneficial interest - net
change in due from affiliate
cash flows from financing activities:
change in due to affiliate
repayments of financing obligation
distributions
change in cash
cash - beginning of year
cash - end of year
cash paid for interest
noncash transactions from investing activities:
accruals for capital expenditures
cash received for investments																														0	0	50,000,000													40,000,000	0	0	10,000,000	35,000,000					5,000,000	35,000,000	10,000,000		10,250,000	40,000,000	35,000,000
add (deduct) adjustments to reconcile net income to net cash flows
the accompanying notes are an integral part of these consolidated financial statements.
add (deduct) adjustments to reconcile net income to net
federal communications commission deposit																																					0	0
common shares repurchased																																									-2,118,000	-1,768,000	0	-2,302,000	-4,245,000	-6,400,000	-6,298,000	-2,000,000	0	-119,000	0	-18,425,000							-44,951,000	-17,357,000		-19,097,000
acquisition of assets in common control transaction																																									0
net decrease in cash and cash equivalents																																		26,000,000											-62,285,000
cash and cash equivalents
net increase in cash and cash equivalents																																				-14,000,000	-88,000,000	53,000,000	-151,000,000	57,000,000	118,610,000	234,484,000	25,389,000	125,380,000			5,517,000	56,476,000			47,725,000	41,338,000		-28,045,000	-73,454,000	86,923,000		76,327,000	7,331,000	126,868,000		36,439,000				128,974,000	84,123,000	20,801,000				11,942,000		35,938,000								44,229,000	-13,304,000	-10,056,000	-315,766,000	311,448,000	25,187,000	-3,744,000	7,801,000	3,024,000
cash paid for acquisitions and licenses																																					-7,000,000	0			-151,000	-6,000,000	0	-279,656,000	-172,000	-20,733,000	-8,110,000	-9,135,000			0	-14,150,000		-45,310,000	-1,551,000	-11,096,000						0
repayment of borrowing under revolving credit facility
borrowing under revolving credit facility
cash from additions to property, plant and equipment																																									-173,997,000	-147,361,000	-143,156,000	-116,079,000	-180,309,000	-162,377,000	-152,899,000	-109,498,000		-199,023,000	-172,133,000	-151,024,000		-181,206,000	-221,065,000	-209,160,000
dividends paid																																																	0	0
add (deduct) adjustments to reconcile net income to cash flows
acquisition of towers in common control transaction																																											0	-2,437,000
add (deduct) adjustments to reconcile net income to cash flows from operating activities
cash flows from investing activities - sum																																												-120,473,000	-162,625,000	-165,246,000	-137,894,000	-5,007,000	161,586,000	-135,523,000	308,206,000	-161,520,000		-223,303,000	-226,009,000	-170,174,000
cash flows from financing activities - sum																																												-9,625,000	258,629,000	-82,785,000	-5,913,000	-2,053,000	2,714,000	3,555,000	-485,451,000	-20,757,000		-1,264,000	-2,715,000	130,000
acquisition of licenses in common control transaction																																													0
cash used for additions to property, plant and equipment
adjustments to reconcile net income to net cash provided by operating activities:
depreciation and amortization																																																																																								102,164,000	103,271,000	109,503,000
provision for losses on accounts receivable
amortization of deferred gain on lease transaction
changes in certain assets and liabilities:
unbilled revenue
prepaid expenses and other current assets
other assets
advance billings and customer deposits
other long term liabilities
distributions to partners
cash—beginning of year
cash—end of year
cash classified as held for sale
benefit from losses on accounts receivable
general partner:
airtouch cellular*
limited partners:
cellco partnership
united states cellular corporation
(gain) loss on asset disposals and exchanges
gain on investment
noncash interest expense																																																																							443,000	443,000		443,000	445,000	445,000		445,000	445,000	445,000
accounts payable - trade
accounts payable - affiliate
additions to property, plant and equipment																																																											-162,107,000	-95,933,000		-124,688,000																					-143,743,000	-112,243,000	-124,954,000	-160,627,000	-99,579,000	-126,327,000	-155,624,000	-138,837,000
add (deduct) adjustments to reconcile net income
net (gain) loss on disposal of property, plant and equipment
capital expenditures from affiliates
cash flows from financing activities —
noncash transactions from investing and financing activities — accruals for capital expenditures
proceeds from disposition of investments
issuance of notes payable																																																																						0				0	0	25,000,000		195,000,000	140,000,000	55,000,000		45,000,000	145,000,000	165,000,000	85,000,000
repayment of notes payable																																																																																			-230,000,000	-60,000,000	-30,000,000	-125,000,000	-145,000,000	-175,000,000
excess tax benefit from stock awards																																																																		0	1,000	3,000		122,000	132,000	764,000
other noncash expense																																																																				443,000														10,863,000	2,675,000	1,561,000	6,839,000	3,494,000	4,766,000	1,870,000	4,208,000	2,813,000
capital expenditures, including purchases from affiliates
change in due from general partner
noncash transactions from investing and financing activities:
minority share of income																																																																						5,255,000	5,346,000	4,012,000		3,961,000	2,637,000	4,074,000		4,710,000	2,783,000	3,645,000		2,078,000	2,263,000	2,504,000	1,951,000	2,782,000	2,112,000	4,633,000	1,659,000	3,257,000
unrealized fair value adjustment of derivative instruments
gain on disposition of investments
change in accounts receivable																																																																												14,019,000							-34,452,000	12,700,000	-18,489,000	-28,268,000	11,796,000	-4,087,000	-22,298,000	57,527,000
change in inventory																																																																												16,106,000		5,314,000	3,141,000	7,629,000		-12,597,000	14,624,000	7,167,000	-15,203,000	9,277,000	15,120,000	47,916,000	-10,586,000	-22,057,000
change in accounts payable - trade																																																																						8,545,000
change in accounts payable - affiliate																																																																						-37,000
change in customer deposits and deferred revenues																																																																						-872,000	3,891,000	6,515,000		2,807,000	5,967,000	11,639,000		5,262,000	1,036,000	1,515,000		6,150,000	1,144,000	3,331,000	2,107,000	1,788,000	6,730,000	1,052,000	6,224,000	6,783,000
change in accrued taxes																																																																							-31,478,000	32,949,000		-22,811,000	4,698,000	46,041,000		2,729,000	-24,793,000	31,209,000			1,943,000	8,475,000	-5,257,000	-1,985,000	5,632,000	26,260,000	4,822,000	12,703,000
change in accrued interest																																																																						9,332,000	-8,882,000	9,337,000				9,382,000		8,477,000	-8,614,000	9,363,000		4,115,000	-8,801,000	8,678,000	2,682,000	-1,609,000	2,919,000	-4,655,000	2,828,000	-2,266,000
change in other assets and liabilities																																																																																		21,603,000	10,119,000	-16,468,000	14,027,000	14,208,000	-12,981,000	8,947,000	1,240,000	-10,919,000
common shares reissued, net of tax payments
capital distributions to minority partners
gain on sale of investments
proceeds from sale of investments																																																																										0
cash paid for acquisitions
unrealized fair value adjustment for derivative instruments																																																																										0
capital expenditures, including purchases from affiliates— net
change in due from general partner — net
cash — beginning of year
cash — end of year
add (deduct) adjustments to reconcile net income to net cash from operating activities:
gain on sale of assets
changes in assets and liabilities from operations:
cash flows (used in) investing activities
proceeds from return of investment
cash flows from/(used in) financing activities
common shares reissued																																																																										2,958,000	7,958,000	5,558,000		0	-2,000	3,858,000				6,892,000
capital (distributions) to minority partners																																																																																					-97,000	-297,000	-438,000	-543,000	-1,390,000	-316,000
excess tax benefit from exercise of stock awards																																																																										1,695,000
change in accounts payable																																																																																			11,638,000	-57,062,000	24,092,000	-24,187,000	-68,343,000	-24,665,000	-37,630,000	-53,819,000
add (deduct) adjustments to reconcile net income to net cash from operating activities
net increase (decrease) in cash and cash equivalents																																																																												156,944,000
net loss on disposal of property, plant and equipment
amortization of gain on lease transaction
net cash provided by operating activities
fair value adjustment of derivative instruments
gain on investments																																																																																				-551,000
return of investment
cash and cash equivalents-
investment income																																																																																			-16,157,000	-13,919,000	-19,265,000	-18,361,000	-14,287,000	-11,301,000	-13,484,000	-12,378,000
stock based compensation expense																																																																																5,804,000
acquisitions, divestitures and exchanges
(gain) on assets held for sale
accreted interest on repayment of long-term debt
changes in assets and liabilities
cash received from sale of assets																																																																																					0	0	96,932,000
acquisitions, excluding cash acquired																																																																																			-4,558,000	-120,924,000	0	0	-40,367,000	-7,000
repayment of long-term debt – affiliated
to net cash from operating activities
bad debt expense
repayment of long-term debt - affiliated																																																																																						0	-105,000,000
common shares issued for benefit plans
gain on assets held for sale
cumulative effect of accounting change
loss on impairment of intangible assets
loss on assets of operations held for sale
system development costs																																																																																					-6,694,000	-1,952,000	-956,000	-8,784,000	-7,452,000	-2,089,000
proceeds from exchange transaction
repayment of long-term debt –affiliated
loss on assets held for sale																																																																																						-582,000	-143,000	-1,442,000	3,500,000	23,500,000
repurchase of long-term debt																																																																																								0	0	-40,680,000
deferred income tax provision																																																																																							9,991,000	38,629,000	20,219,000	-1,599,000
increase in notes payable																																																																																							230,000,000	40,000,000	167,278,000	72,000,000
refund of deposit from fcc
proceeds from contracts payable
affiliated long-term debt borrowings
(loss) to net cash from operating activities
loss on wireless and other investments
change in assets and liabilities from operations
affiliated long term debt borrowings
borrowings from 1997 revolving credit facility
repayment of 1997 revolving credit facility
repurchase and conversion of lyons
proceeds from common shares issued
net increase in cash
and cash equivalents

United States Cellular Corporation(NYSE:USM)

United States Cellular Corporation
(NYSE:USM)