Revision of Prior Period Amounts (Table)

6 Months Ended

Jun. 30, 2012

Disclosure Text Block

Revision of prior period amounts

Consolidated Statement of Operations -- Three Months Ended June 30, 2011
		As previously
	(Dollars in thousands except per share amounts)	reported (1)				Adjustment			Revised
	Depreciation, amortization and accretion	$	148,283		$	(1,706	)	$	146,577
	Total operating expenses		973,792			(1,706	)		972,086
	Operating income		102,390			1,706			104,096
	Income before income taxes		113,958			1,706			115,664
	Income tax expense		34,077			655			34,732
	Net income		79,881			1,051			80,932
	Net income attributable to U.S. Cellular shareholders		73,888			1,051			74,939
	Basic earnings per share attributable to U.S. Cellular shareholders		0.87			0.01			0.88
	Diluted earnings per share attributable to U.S. Cellular shareholders		0.87			0.01			0.88
Consolidated Statement of Operations -- Six Months Ended June 30, 2011
		As previously
	(Dollars in thousands except per share amounts)	reported (1)				Adjustment			Revised
	Depreciation, amortization and accretion	$	293,328		$	(3,411	)	$	289,917
	Total operating expenses		1,973,841			(3,411	)		1,970,430
	Operating income		159,433			3,411			162,844
	Income before income taxes		177,430			3,411			180,841
	Income tax expense		58,169			1,310			59,479
	Net income		119,261			2,101			121,362
	Net income attributable to U.S. Cellular shareholders		107,999			2,101			110,100
	Basic earnings per share attributable to U.S. Cellular shareholders		1.27			0.02			1.29
	Diluted earnings per share attributable to U.S. Cellular shareholders		1.26			0.02			1.28
Consolidated Statement of Cash Flows -- Six Months Ended June 30, 2011
		As previously
	(Dollars in thousands)	reported (1)				Adjustment			Revised
	Net income	$	119,261		$	2,101		$	121,362
	Depreciation, amortization and accretion		293,328			(3,411	)		289,917
	Change in Accounts payable-trade		8,588			15,247			23,835
	Change in Accrued taxes		10,215			1,310			11,525
	Change in Other assets and liabilities		(74,549	)		(579	)		(75,128	)
	Cash flows from operating activities		423,432			14,668			438,100
	Cash used for additions to property, plant and equipment		(258,040	)		(7,354	)		(265,394	)
	Cash flows from investing activities		(222,516	)		(7,354	)		(229,870	)
	Net increase (decrease) in cash and cash equivalents		134,199			7,314			141,513

• In Quarterly Report on Form 10-Q for the period ended June 30, 2011, filed on August 8, 2011.