v3.25.1
Consolidated Balance Sheet - USD ($)
$ in Millions
Mar. 31, 2025
Dec. 31, 2024
Current assets    
Cash and cash equivalents $ 182 $ 144
Accounts receivable    
Customers and agents, less allowances of $58 and $63, respectively 863 905
Other, less allowances of $2 and $2, respectively 55 49
Inventory, net 178 179
Prepaid expenses 63 46
Other current assets 25 21
Total current assets 1,373 1,345
Assets held for sale 1 0
Licenses 4,581 4,579
Investments in unconsolidated entities 479 454
Property, plant and equipment    
In service and under construction 8,417 8,387
Less: Accumulated depreciation and amortization 6,023 5,885
Property, plant and equipment, net 2,394 2,502
Operating lease right-of-use assets 925 926
Other assets and deferred charges 612 643
Total assets [1] 10,365 10,449
Current liabilities    
Current portion of long-term debt 26 22
Accounts payable    
Accounts payable - Trade 198 232
Customer deposits and deferred revenues 231 238
Accrued taxes 57 30
Accrued compensation 33 93
Short-term operating lease liabilities 140 141
Other current liabilities 113 118
Total current liabilities 807 884
Deferred liabilities and credits    
Deferred income tax liability, net 720 728
Long-term operating lease liabilities 824 822
Other deferred liabilities and credits 570 570
Long-term debt, net 2,829 2,837
Commitments and contingencies
Noncontrolling interests with redemption features 16 16
UScellular shareholders’ equity    
Series A Common and Common Shares Authorized 190 shares (50 Series A Common and 140 Common Shares) Issued 88 shares (33 Series A Common and 55 Common Shares) Outstanding 85 shares (33 Series A Common and 52 Common Shares) Par Value ($1.00 per share) ($33 Series A Common and $55 Common Shares) 88 88
Additional paid-in capital 1,800 1,783
Treasury shares, at cost, 3 Common Shares (125) (112)
Retained earnings 2,822 2,818
Total UScellular shareholders' equity 4,585 4,577
Noncontrolling interests 14 15
Total equity 4,599 4,592
Total liabilities and equity [1] 10,365 10,449
Affiliated    
Accounts receivable    
Affiliated 7 1
Accounts payable    
Accounts payable - Affiliated $ 9 $ 10
[1] The consolidated total assets as of March 31, 2025 and December 31, 2024, include assets held by consolidated variable interest entities (VIEs) of $1,050 million and $1,011 million, respectively, which are not available to be used to settle the obligations of UScellular. The consolidated total liabilities as of March 31, 2025 and December 31, 2024, include certain liabilities of consolidated VIEs of $26 million and $27 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of UScellular. See Note 9 — Variable Interest Entities for additional information.