Business Segment (Tables)

6 Months Ended

Jun. 30, 2014

						TDS Telecom

Three Months Ended or as of June 30, 2014			U.S. Cellular		Wireline		Cable		HMS		TDS Telecom Eliminations		TDS Telecom Total		Non-Reportable Segment		Corporate, Eliminations and Other Reconciling Items		Total
(Dollars in thousands)
Operating revenues
	Service		$	843,473	$	180,297	$	22,484	$	27,575	$	(298)	$	230,058	$	4,505	$	(5,857)	$	1,072,179
	Equipment and product sales			114,300		431		-		40,361		-		40,792		9,121		-		164,213
		Total operating revenues		957,773		180,728		22,484		67,936		(298)		270,850		13,626		(5,857)		1,236,392
Cost of services (excluding Depreciation, amortization and accretion reported below)				187,131		64,305		11,394		21,301		(249)		96,751		4,252		(1,646)		286,488
Cost of equipment and products				271,978		481		-		33,875		-		34,356		6,677		-		313,011
Selling, general and administrative				404,252		47,708		6,285		12,376		(49)		66,320		3,517		(3,187)		470,902
Depreciation, amortization and accretion				148,337		41,827		4,557		6,791		-		53,175		1,492		1,563		204,567
(Gain) loss on asset disposals, net				6,893		514		425		44		-		983		27		-		7,903
(Gain) loss on sale of business and other exit costs, net				(10,511)		-		-		-		-		-		13,122		-		2,611
Operating income (loss)				(50,307)		25,893		(177)		(6,451)		-		19,265		(15,461)		(2,587)		(49,090)
Equity in earnings of unconsolidated entities				33,120		4		-		-		-		4		-		1,666		34,790
Interest and dividend income				1,573		490		1		22		-		513		-		665		2,751
Interest expense				(14,336)		677		30		(439)		-		268		(1,149)		(12,681)		(27,898)
Other, net				100		(95)		-		45		-		(50)		(1)		1		50
Income (loss) before income taxes				(29,850)		26,969		(146)		(6,823)		-		20,000		(16,611)		(12,936)		(39,397)
Add back:
Depreciation, amortization and accretion				148,337		41,827		4,557		6,791		-		53,175		1,492		1,563		204,567
(Gain) loss on sale of business and other exit costs, net				(10,511)		-		-		-		-		-		13,122		-		2,611
Interest expense				14,336		(677)		(30)		439		-		(268)		1,149		12,681		27,898
Adjusted income (loss) before income taxes			$	122,312	$	68,119	$	4,381	$	407	$	-	$	72,907	$	(848)	$	1,308	$	195,679

Investments in unconsolidated entities			$	270,215	$	3,810	$	-	$	-	$	-	$	3,810	$	-	$	34,636	$	308,661
Total assets			$	6,298,967	$	1,408,809	$	287,809	$	335,680	$	-	$	2,032,298	$	46,610	$	329,794	$	8,707,669
Capital expenditures			$	143,927	$	27,370	$	7,181	$	10,628	$	-	$	45,179	$	308	$	1,267	$	190,681

						TDS Telecom

Three Months Ended or as of June 30, 2013			U.S. Cellular		Wireline		HMS		TDS Telecom Eliminations		TDS Telecom Total		Non-Reportable Segment		Corporate, Eliminations and Other Reconciling Items		Total
(Dollars in thousands)
Operating revenues
	Service		$	910,966	$	181,428	$	23,205	$	(107)	$	204,526	$	4,956	$	(4,787)	$	1,115,661
	Equipment and product sales			84,164		765		18,169		-		18,934		9,407		-		112,505
		Total operating revenues		995,130		182,193		41,374		(107)		223,460		14,363		(4,787)		1,228,166
Cost of services (excluding Depreciation, amortization and accretion reported below)				192,267		65,729		15,071		(107)		80,693		3,225		(348)		275,837
Cost of equipment and products				217,070		1,094		15,114		-		16,208		6,616		-		239,894
Selling, general and administrative				404,127		56,692		9,361		-		66,053		3,711		(3,171)		470,720
Depreciation, amortization and accretion				202,580		43,193		5,563		-		48,756		1,500		1,367		254,203
(Gain) loss on asset disposals, net				9,018		(765)		83		-		(682)		(1)		(16)		8,319
(Gain) loss on sale of business and other exit costs, net				(249,024)		-		-		-		-		-		(54,010)		(303,034)
Operating income (loss)				219,092		16,250		(3,818)		-		12,432		(688)		51,391		282,227
Equity in earnings of unconsolidated entities				35,602		7		-		-		7		-		(4)		35,605
Interest and dividend income				969		546		16		-		562		1		1,068		2,600
Gain (loss) on investments				18,527		-		-		-		-		-		(4,009)		14,518
Interest expense				(10,154)		795		(403)		-		392		(1,001)		(12,986)		(23,749)
Other, net				321		(126)		-		-		(126)		(394)		2		(197)
Income (loss) before income taxes				264,357		17,472		(4,205)		-		13,267		(2,082)		35,462		311,004
Add back:
Depreciation, amortization and accretion				202,580		43,193		5,563		-		48,756		1,500		1,367		254,203
(Gain) loss on sale of business and other exit costs, net				(249,024)		-		-		-		-		-		(54,010)		(303,034)
Gain (loss) on investments				(18,527)		-		-		-		-		-		4,009		(14,518)
Interest expense				10,154		(795)		403		-		(392)		1,001		12,986		23,749
Adjusted income (loss) before income taxes			$	209,540	$	59,870	$	1,761	$	-	$	61,631	$	419	$	(186)	$	271,404

Investments in unconsolidated entities			$	276,363	$	3,809	$	-	$	-	$	3,809	$	-	$	31,874	$	312,046
Total assets			$	6,329,778	$	1,473,173	$	267,062	$	-	$	1,740,235	$	59,293	$	625,459	$	8,754,765
Capital expenditures			$	168,497	$	33,342	$	2,258	$	-	$	35,600	$	232	$	1,715	$	206,044

					TDS Telecom

Six Months Ended or as of June 30, 2014			U.S. Cellular		Wireline		Cable		HMS		TDS Telecom Eliminations		TDS Telecom Total		Non- Reportable Segment		Corporate, Eliminations and Other Reconciling Items		Total
(Dollars in thousands)
Operating revenues
	Service		$	1,697,086	$	357,230	$	44,987	$	54,951	$	(979)	$	456,189	$	9,018	$	(9,872)	$	2,152,421
	Equipment and product sales			186,498		984		-		76,093		-		77,077		16,358		-		279,933
		Total operating revenues		1,883,584		358,214		44,987		131,044		(979)		533,266		25,376		(9,872)		2,432,354
Cost of services (excluding Depreciation, amortization and accretion expense reported below)				367,738		128,705		22,349		38,247		(894)		188,407		8,502		(2,201)		562,446
Cost of equipment and products				542,452		964		-		64,342		-		65,306		11,900		-		619,658
Selling, general and administrative				799,816		94,228		12,663		27,211		(85)		134,017		7,263		(6,525)		934,571
Depreciation, amortization and accretion				316,090		84,563		8,918		13,469		-		106,950		3,294		3,152		429,486
(Gain) loss on asset disposals, net				8,827		759		490		78		-		1,327		170		9		10,333
(Gain) loss on sale of business and other exit costs, net				(17,411)		-		-		-		-		-		13,122		-		(4,289)
(Gain) loss on license sales and exchanges				(91,446)		-		-		-		-		-		-		-		(91,446)
Operating income (loss)				(42,482)		48,995		567		(12,303)		-		37,259		(18,875)		(4,307)		(28,405)
Equity in earnings of unconsolidated entities				70,195		4		-		-		-		4		-		1,918		72,117
Interest and dividend income				2,457		1,175		2		42		-		1,219		-		1,561		5,237
Interest expense				(29,198)		1,341		35		(860)		-		516		(2,218)		(25,705)		(56,605)
Other, net				186		(149)		-		179		-		30		(6)		-		210
Income (loss) before income taxes				1,158		51,366		604		(12,942)		-		39,028		(21,099)		(26,533)		(7,446)
Add back:
Depreciation, amortization and accretion				316,090		84,563		8,918		13,469		-		106,950		3,294		3,152		429,486
(Gain) loss on sale of business and other exit costs, net				(17,411)		-		-		-		-		-		13,122		-		(4,289)
(Gain) loss on license sales and exchanges				(91,446)		-		-		-		-		-		-		-		(91,446)
Interest expense				29,198		(1,341)		(35)		860		-		(516)		2,218		25,705		56,605
Adjusted income (loss) before income taxes			$	237,589	$	134,588	$	9,487	$	1,387	$	-	$	145,462	$	(2,465)	$	2,324	$	382,910

Investments in unconsolidated entities			$	270,215	$	3,810	$	-	$	-	$	-	$	3,810	$	-	$	34,636	$	308,661
Total assets			$	6,298,967	$	1,408,809	$	287,809	$	335,680	$	-	$	2,032,298	$	46,610	$	329,794	$	8,707,669
Capital expenditures			$	233,508	$	50,268	$	13,400	$	13,379	$	-	$	77,047	$	403	$	2,321	$	313,279

					TDS Telecom
Six Months Ended or as of June 30, 2013			U.S. Cellular		Wireline		HMS		TDS Telecom Eliminations		TDS Telecom Total		Non- Reportable Segment		Corporate, Eliminations and Other Reconciling Items		Total
(Dollars in thousands)
Operating revenues
	Services		$	1,907,315	$	362,106	$	45,205	$	(185)	$	407,126	$	9,589	$	(9,467)	$	2,314,563
	Equipment and product sales			169,561		1,662		31,733		-		33,395		19,220		-		222,176
		Total operating revenues		2,076,876		363,768		76,938		(185)		440,521		28,809		(9,467)		2,536,739
Cost of services (excluding Depreciation, amortization and accretion expense reported below)				408,566		132,168		28,673		(185)		160,656		6,446		(704)		574,964
Cost of equipment and products				458,761		2,104		26,326		-		28,430		13,468		-		500,659
Selling, general and administrative				824,207		114,072		19,282		-		133,354		7,472		(7,410)		957,623
Depreciation, amortization and accretion				392,425		87,216		11,031		-		98,247		3,009		2,599		496,280
(Gain) loss on asset disposals, net				14,452		(602)		113		-		(489)		-		(28)		13,935
(Gain) loss on sale of business and other exit costs, net				(242,093)		-		-		-		-		-		(54,010)		(296,103)
Operating income (loss)				220,558		28,810		(8,487)		-		20,323		(1,586)		50,086		289,381
Equity in earnings of unconsolidated entities				62,437		14		-		-		14		-		243		62,694
Interest and dividend income				1,872		932		32		-		964		2		1,340		4,178
Gain (loss) on investments				18,527		-		-		-		-		-		(4,009)		14,518
Interest expense				(21,064)		1,626		(808)		-		818		(1,983)		(26,018)		(48,247)
Other, net				106		(178)		(122)		-		(300)		(157)		-		(351)
Income (loss) before income taxes				282,436		31,204		(9,385)		-		21,819		(3,724)		21,642		322,173
Add back:
Depreciation, amortization and accretion				392,425		87,216		11,031		-		98,247		3,009		2,599		496,280
(Gain) loss on sale of business and other exit costs, net				(242,093)		-		-		-		-		-		(54,010)		(296,103)
Gain (loss) on investments				(18,527)		-		-		-		-		-		4,009		(14,518)
Interest expense				21,064		(1,626)		808		-		(818)		1,983		26,018		48,247
Adjusted income before income taxes			$	435,305	$	116,794	$	2,454	$	-	$	119,248	$	1,268	$	258	$	556,079

Investments in unconsolidated entities			$	276,363	$	3,809	$	-	$	-	$	3,809	$	-	$	31,874	$	312,046
Total assets			$	6,329,778	$	1,473,173	$	267,062	$	-	$	1,740,235	$	59,293	$	625,459	$	8,754,765
Capital expenditures			$	286,907	$	61,207	$	4,849	$	-	$	66,056	$	517	$	2,700	$	356,180

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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