UNITED STATES CELLULAR CORP

For the period ended Mar 31, 2024. Filed May 3, 2024.

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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 3, 2024

AD$29.98-4.4%Stored close · as of Nov 6, 2026

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Contents

Consolidated Statement of Operations

	Three Months EndedMarch 31,
	2024	2023
(Dollars and shares in millions, except per share amounts)
Operating revenues
Service	$754	$767
Equipment sales	196	219
Total operating revenues	950	986
Operating expenses
System operations (excluding Depreciation, amortization and accretion reported below)	182	182
Cost of equipment sold	216	253
Selling, general and administrative	331	345
Depreciation, amortization and accretion	165	170
(Gain) loss on asset disposals, net	6	10
(Gain) loss on license sales and exchanges, net	(1)	—
Total operating expenses	899	960
Operating income	51	26
Investment and other income (expense)
Equity in earnings of unconsolidated entities	42	44
Interest and dividend income	2	2
Interest expense	(43)	(47)
Total investment and other income (expense)	1	(1)
Income before income taxes	52	25
Income tax expense	28	11
Net income	24	14
Less: Net income attributable to noncontrolling interests, net of tax	6	1
Net income attributable to UScellular shareholders	$18	$13
Basic weighted average shares outstanding	85	85
Basic earnings per share attributable to UScellular shareholders	$0.21	$0.15
Diluted weighted average shares outstanding	88	86
Diluted earnings per share attributable to UScellular shareholders	$0.20	$0.15

ContentsView on SEC.gov

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