v3.25.1
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating revenues    
Total operating revenues $ 891 $ 950
Operating expenses    
Selling, general and administrative 332 331
Depreciation, amortization and accretion 163 165
(Gain) loss on asset disposals, net 2 6
(Gain) loss on license sales and exchanges, net (1) (1)
Total operating expenses 850 899
Operating income 41 51
Other income (expense)    
Equity in earnings of unconsolidated entities 36 42
Interest and dividend income 3 2
Interest expense (40) (43)
Total other income (expense) (1) 1
Income before income taxes 40 52
Income tax expense 20 28
Net income 20 24
Less: Net income attributable to noncontrolling interests, net of tax 2 6
Net income attributable to UScellular shareholders $ 18 $ 18
Basic weighted average shares outstanding (in shares) 85 85
Basic earnings per share attributable to UScellular shareholders $ 0.21 $ 0.21
Diluted weighted average shares outstanding (in shares) 88 88
Diluted earnings per share attributable to UScellular shareholders $ 0.21 $ 0.20
Service    
Operating revenues    
Total operating revenues $ 741 $ 754
Operating expenses    
Cost of goods and services sold 176 182
Equipment sales    
Operating revenues    
Total operating revenues 150 196
Operating expenses    
Cost of goods and services sold $ 178 $ 216