XML 26 R3.htm IDEA: XBRL DOCUMENT v3.22.4
Consolidated Statement Of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Operating revenues      
Revenues $ 4,169 $ 4,122 $ 4,037
Operating expenses      
Selling, general and administrative 1,408 1,345 1,368
Depreciation, amortization and accretion 700 678 683
Loss on impairment of licenses 3 0 0
(Gain) loss on asset disposals, net 19 23 25
(Gain) loss on sale of business and other exit costs, net (1) (2) 0
(Gain) loss on license sales and exchanges, net 0 0 (5)
Total operating expenses 4,100 3,952 3,864
Operating income 69 170 173
Investment and other income (expense)      
Equity in earnings of unconsolidated entities 158 179 179
Interest and dividend income 8 6 8
Gain (loss) on investments 0 0 2
Interest expense (163) (175) (112)
Total investment and other income 3 10 77
Income before income taxes 72 180 250
Income tax expense 37 20 17
Net income 35 160 233
Less: Net income attributable to noncontrolling interests, net of tax 5 5 4
Net income attributable to UScellular shareholders $ 30 $ 155 $ 229
Basic weighted average shares outstanding (in shares) 85 86 86
Basic earnings per share attributable to UScellular shareholders $ 0.35 $ 1.80 $ 2.66
Diluted weighted average shares outstanding (in shares) 86 87 87
Diluted earnings per share attributable to UScellular shareholders $ 0.35 $ 1.77 $ 2.62
Service      
Operating revenues      
Revenues $ 3,125 $ 3,115 $ 3,067
Operating expenses      
Cost of goods and services sold 755 790 782
Equipment sales      
Operating revenues      
Revenues 1,044 1,007 970
Operating expenses      
Cost of goods and services sold $ 1,216 $ 1,118 $ 1,011