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Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues        
Total operating revenues $ 1,031 $ 1,001 $ 2,970 $ 2,916
Operating expenses        
Selling, general and administrative (including charges from affiliates of $22 million and $20 million, respectively, for the three months, and $61 million, and $60 million, respectively, for the nine months) 358 346 1,027 1,014
Depreciation, amortization and accretion 181 160 524 478
(Gain) loss on asset disposals, net 5 3 13 5
(Gain) loss on sale of business and other exit costs, net 0 0 (1) 0
(Gain) loss on license sales and exchanges, net 2 0 0 (18)
Total operating expenses 1,011 967 2,855 2,761
Operating income 20 34 115 155
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 44 42 128 120
Interest and dividend income 4 4 14 10
Interest expense (29) (29) (87) (87)
Total investment and other income 19 17 55 43
Income before income taxes 39 51 170 198
Income tax expense 15 14 55 55
Net income 24 37 115 143
Less: Net income attributable to noncontrolling interests, net of tax 1 1 6 14
Net income attributable to U.S. Cellular shareholders $ 23 $ 36 $ 109 $ 129
Basic weighted average shares outstanding (in shares) 86 86 87 85
Basic earnings per share attributable to U.S. Cellular shareholders (USD per share) $ 0.27 $ 0.42 $ 1.26 $ 1.51
Diluted weighted average shares outstanding (in shares) 88 87 88 86
Diluted earnings per share attributable to U.S. Cellular shareholders (USD per share) $ 0.27 $ 0.41 $ 1.24 $ 1.49
Service        
Operating revenues        
Total operating revenues $ 774 $ 759 $ 2,272 $ 2,224
Operating expenses        
Cost of equipment sold 199 200 568 566
Equipment sales        
Operating revenues        
Total operating revenues 257 242 698 692
Operating expenses        
Cost of equipment sold $ 266 $ 258 $ 724 $ 716