UNITED STATES CELLULAR CORP
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
AD$30.38+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statement of Cash Flows
| Year Ended December 31, | 2024 | 2023 | 2022 |
|---|---|---|---|
| (Dollars in millions) | |||
| Cash flows from operating activities | |||
| Net income (loss) | $(32) | $58 | $35 |
| Add (deduct) adjustments to reconcile net income (loss) to net cash flows from operating activities | |||
| Depreciation, amortization and accretion | 665 | 656 | 700 |
| Bad debts expense | 97 | 104 | 132 |
| Stock-based compensation expense | 55 | 23 | 24 |
| Deferred income taxes, net | (27) | 47 | 33 |
| Equity in earnings of unconsolidated entities | (161) | (158) | (158) |
| Distributions from unconsolidated entities | 169 | 150 | 145 |
| Loss on impairment of licenses | 136 | — | 3 |
| (Gain) loss on asset disposals, net | 18 | 17 | 19 |
| (Gain) loss on sale of business and other exit costs, net | — | — | (1) |
| (Gain) loss on license sales and exchanges, net | 3 | (2) | — |
| Other operating activities | 5 | 6 | 9 |
| Changes in assets and liabilities from operations | |||
| Accounts receivable | (11) | 17 | (59) |
| Equipment installment plans receivable | (37) | (20) | (199) |
| Inventory | 21 | 62 | (88) |
| Accounts payable | (19) | (85) | 12 |
| Customer deposits and deferred revenues | 9 | (9) | 47 |
| Accrued taxes | (4) | — | 121 |
| Other assets and liabilities | (4) | — | 57 |
| Net cash provided by operating activities | 883 | 866 | 832 |
| Cash flows from investing activities | |||
| Cash paid for additions to property, plant and equipment | (537) | (608) | (602) |
| Cash paid for licenses | (20) | (130) | (585) |
| Other investing activities | 1 | 17 | 8 |
| Net cash used in investing activities | (556) | (721) | (1,179) |
| Cash flows from financing activities | |||
| Issuance of long-term debt | 40 | 315 | 800 |
| Repayment of long-term debt | (248) | (453) | (329) |
| Issuance of short-term debt | — | — | 110 |
| Repayment of short-term debt | — | (60) | (50) |
| Common Shares reissued for stock-based compensation awards, net of tax payments | (11) | (6) | (5) |
| Repurchase of Common Shares | (54) | — | (43) |
| Payment of debt issuance costs | — | (1) | (1) |
| Distributions to noncontrolling interests | (5) | (3) | (3) |
| Cash paid for software license agreements | (66) | (66) | (22) |
| Other financing activities | (3) | — | (1) |
| Net cash provided by (used in) financing activities | (347) | (274) | 456 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (20) | (129) | 109 |
| Cash, cash equivalents and restricted cash | |||
| Beginning of period | 179 | 308 | 199 |
| End of period | $159 | $179 | $308 |
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