XML 102 R26.htm IDEA: XBRL DOCUMENT v2.4.0.8
Supplemental Cash Flow Disclosures
12 Months Ended
Dec. 31, 2013
Disclosure Text Block  
Supplemental Cash Flow Disclosures

NOTE 19 SUPPLEMENTAL CASH FLOW DISCLOSURES

 

Following are supplemental cash flow disclosures regarding interest paid and income taxes paid.

 

Year Ended December 31,2013 2012 2011
(Dollars in thousands)        
Interest paid$ 96,241 $ 88,208 $ 96,174
Income taxes paid (refunded)  175,629   (62,042)   (66,994)

 

Following are supplemental cash flow disclosures regarding transactions related to stock-based compensation awards. In certain situations, TDS and U.S. Cellular withhold shares that are issuable upon the exercise of stock options or the vesting of restricted shares to cover, and with a value equivalent to, the exercise price and/or the amount of taxes required to be withheld from the stock award holder at the time of the exercise or vesting. TDS and U.S. Cellular then pay the amount of the required tax withholdings to the taxing authorities in cash.

 

 

TDS:        
         
Year Ended December 31,2013 2012 2011
(Dollars in thousands)        
Common Shares withheld  265,748   49,840   -
Special Common Shares withheld  -   1,381   65,638
         
Aggregate value of Common Shares withheld$ 7,639 $ 1,102 $ -
Aggregate value of Special Common Shares withheld$ - $ 33 $ 1,537
         
Cash receipts upon exercise of stock options  12,092   16   1,463
Cash disbursements for payment of taxes  (2,438)   (1,135)   (1,431)
Net cash receipts (disbursements) from exercise of stock options and vesting of other stock awards$ 9,654 $ (1,119) $ 32

U.S. Cellular:        
         
Year Ended December 31,2013 2012 2011
(Dollars in thousands)        
Common Shares withheld 606,582  92,846  120,250
         
Aggregate value of Common Shares withheld$25,179 $3,604 $5,952
         
Cash receipts upon exercise of stock options 10,468  900  5,447
Cash disbursements for payment of taxes (4,684)  (3,105)  (3,512)
Net cash receipts (disbursements) from exercise of stock options and vesting of other stock awards$5,784 $(2,205) $1,935

Under the American Recovery and Reinvestment Act of 2009 (“the Recovery Act”), TDS Telecom was awarded $105.1 million in federal grants and will provide $30.9 million of its own funds to complete 44 projects to provide broadband access in unserved areas. TDS Telecom received $41.9 million, $16.7 million, and $4.9 million in grants during the twelve months ended December 31, 2013, 2012 and 2011, respectively. TDS Telecom has received cumulative grants of $63.6 million as of December 31, 2013. These funds reduced the carrying amount of the assets to which they relate. TDS Telecom had recorded $23.6 million and $27.6 million in grants receivable at December 31, 2013 and 2012, respectively. These amounts were included as a component of Accounts receivable, Other, in the Consolidated Balance Sheet.

 

On September 27, 2012, the FCC conducted a single round, sealed bid, reverse auction to award up to $300 million in one-time Mobility Fund Phase I support to successful bidders that commit to provide 3G, or better, wireless service in areas designated as unserved by the FCC.  This auction was designated by the FCC as Auction 901. U.S. Cellular and several of its wholly-owned subsidiaries participated in Auction 901 and were winning bidders in eligible areas within 10 states and will receive up to $40.1 million in one-time support from the Mobility Fund. These funds will reduce the carrying amount of the assets to which they relate or will offset operating expenses. U.S. Cellular has received $13.4 million in support funds as of December 31, 2013, of which $10.3 million is included as a component of Other assets and deferred charges in the Consolidated Balance Sheet and $3.1 million reduced the carrying amount of the assets to which they relate, which are included in Property, plant and equipment in the Consolidated Balance Sheet.

 

TDS declared and paid dividends on Series A Common and Common Shares of $55.2 million or $0.51 per share during 2013 and $53.1 million or $0.49 per share during 2012. TDS declared and paid dividends on Series A Common, Common and Special Common Shares of $48.6 million or $0.47 per share during 2011.

 

On June 25, 2013, U.S. Cellular paid a special cash dividend of $5.75 per share, for an aggregate amount of $482.3 million, to all holders of U.S. Cellular Common Shares and Series A Common Shares as of June 11, 2013. Of the $482.3 million paid, TDS received $407.1 million while noncontrolling public shareholders received $75.2 million. The cash paid to noncontrolling public shareholders is presented as U.S. Cellular dividends paid to noncontrolling public shareholders on the Consolidated Statement of Cash Flows.