2009 Q4 Form 8-K Financial Statement

#000110465911064591 Filed on November 16, 2011

View on sec.gov

Income Statement

Concept 2009 Q4 2008 Q4 2008
Revenue $1.060B $1.053B $4.243B
YoY Change 0.68% 2.81% 7.51%
Cost Of Revenue $414.4M $402.1M $783.1M
YoY Change 3.06% 10.22% -42.18%
Gross Profit $645.7M $650.7M $3.459B
YoY Change -0.77% -1.3% 33.47%
Gross Profit Margin 60.91% 61.8% 81.54%
Selling, General & Admin $473.1M $442.9M $1.707B
YoY Change 6.82% 8.87% 9.49%
% of Gross Profit 73.27% 68.07% 49.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.8M $143.6M $576.8M
YoY Change 2.23% 3.91% -0.24%
% of Gross Profit 22.74% 22.07% 16.67%
Operating Expenses $620.0M $586.6M $4.210B
YoY Change 5.69% 7.63% 97.01%
Operating Profit $25.70M $64.10M $32.78M
YoY Change -59.91% -43.92% -92.8%
Interest Expense $5.400M $10.30M $78.54M
YoY Change -47.57% -5.5% -47.99%
% of Operating Profit 21.01% 16.07% 239.57%
Other Income/Expense, Net $300.0K $200.0K $37.07M
YoY Change 50.0% -150.0% -5396.14%
Pretax Income $9.800M -$318.7M $65.70M
YoY Change -103.07% -531.84% -87.98%
Income Tax -$900.0K -$129.0M $9.067M
% Of Pretax Income -9.18% 13.8%
Net Earnings $6.600M -$200.1M $35.71M
YoY Change -103.3% -785.27% -88.65%
Net Earnings / Revenue 0.62% -19.0% 0.84%
Basic Earnings Per Share $0.41
Diluted Earnings Per Share $75.77K -$2.292M $0.41
COMMON SHARES
Basic Shares Outstanding 87.46M shares
Diluted Shares Outstanding 87.75M shares

Balance Sheet

Concept 2009 Q4 2008 Q4 2008
SHORT-TERM ASSETS
Cash & Short-Term Investments $295.0M $171.0M $171.0M
YoY Change 72.51% -22.62% -22.59%
Cash & Equivalents $303.0M $173.6M $171.0M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $51.01M $34.00M $85.30M
YoY Change 50.04% -2.86% 11.65%
Inventory $152.6M $117.0M $116.6M
Prepaid Expenses $63.46M
Receivables $339.8M $367.0M $366.8M
Other Receivables $121.0M $127.0M $75.30M
Total Short-Term Assets $1.009B $815.0M $815.0M
YoY Change 23.82% -2.28% -2.25%
LONG-TERM ASSETS
Property, Plant & Equipment $2.561B $2.620B $2.620B
YoY Change -2.26% 0.96% 0.97%
Goodwill $494.7M $494.3M
YoY Change 0.09%
Intangibles
YoY Change
Long-Term Investments $161.0M $157.0M $156.6M
YoY Change 2.55% -0.63% -0.7%
Other Assets $38.78M $33.00M $33.10M
YoY Change 17.5% 3.13% 4.09%
Total Long-Term Assets $4.699B $4.751B $4.751B
YoY Change -1.09% -0.57% -0.57%
TOTAL ASSETS
Total Short-Term Assets $1.009B $815.0M $815.0M
Total Long-Term Assets $4.699B $4.751B $4.751B
Total Assets $5.708B $5.566B $5.566B
YoY Change 2.56% -0.82% -0.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $311.0M $258.0M $258.4M
YoY Change 20.54% -1.15% -0.92%
Accrued Expenses $120.0M $74.00M $73.60M
YoY Change 62.16% -27.45% -28.05%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $0.00 $10.00M $10.30M
YoY Change -100.0%
Total Short-Term Liabilities $664.0M $602.0M $601.9M
YoY Change 10.3% -0.33% -0.38%
LONG-TERM LIABILITIES
Long-Term Debt $868.0M $997.0M $996.6M
YoY Change -12.94% -0.5% -0.57%
Other Long-Term Liabilities $218.5M $234.0M $233.6M
YoY Change -6.63% 10.9% 10.5%
Total Long-Term Liabilities $218.5M $1.231B $1.230B
YoY Change -82.25% 1.48% 1.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $664.0M $602.0M $601.9M
Total Long-Term Liabilities $218.5M $1.231B $1.230B
Total Liabilities $882.5M $2.359B $2.359B
YoY Change -62.59% -2.36% -2.33%
SHAREHOLDERS EQUITY
Retained Earnings $2.016B
YoY Change
Common Stock $88.07M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $69.62M
YoY Change
Treasury Stock Shares 1.534M shares
Shareholders Equity $3.391B $3.207B $3.207B
YoY Change
Total Liabilities & Shareholders Equity $5.708B $5.566B $5.566B
YoY Change 2.56% -0.82% -0.82%

Cashflow Statement

Concept 2009 Q4 2008 Q4 2008
OPERATING ACTIVITIES
Net Income $6.600M -$200.1M $35.71M
YoY Change -103.3% -785.27% -88.65%
Depreciation, Depletion And Amortization $146.8M $143.6M $576.8M
YoY Change 2.23% 3.91% -0.24%
Cash From Operating Activities $244.1M $226.2M $922.8M
YoY Change 7.91% -6.3% 6.91%
INVESTING ACTIVITIES
Capital Expenditures -$189.0M -$190.0M -$585.6M
YoY Change -0.53% 1.01% 3.55%
Acquisitions
YoY Change
Other Investing Activities -$3.600M -$25.90M $271.0K
YoY Change -86.1% 793.1% -101.94%
Cash From Investing Activities -$192.6M -$215.9M -$904.0M
YoY Change -10.79% 13.04% 56.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $28.37M
YoY Change -136.46%
Debt Paid & Issued, Net $3.039M
YoY Change
Cash From Financing Activities -162.0M -16.90M -$52.29M
YoY Change 858.58% -39.21% -53.32%
NET CHANGE
Cash From Operating Activities 244.1M 226.2M $922.8M
Cash From Investing Activities -192.6M -215.9M -$904.0M
Cash From Financing Activities -162.0M -16.90M -$52.29M
Net Change In Cash -110.5M -6.600M -$33.54M
YoY Change 1574.24% -129.2% -119.54%
FREE CASH FLOW
Cash From Operating Activities $244.1M $226.2M $922.8M
Capital Expenditures -$189.0M -$190.0M -$585.6M
Free Cash Flow $433.1M $416.2M $1.508B
YoY Change 4.06% -3.1% 5.58%

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CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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170996000 USD
CY2007Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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204533000 USD
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4070000 USD
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17101000 USD
CY2010 us-gaap Payments To Acquire Investments
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250250000 USD
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60330000 USD
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953000 USD
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CY2010 us-gaap Repayments Of Long Term Debt
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316000 USD
CY2010 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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509000 USD
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52827000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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114000 USD
CY2010 us-gaap Payments Of Dividends Minority Interest
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19631000 USD
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-83166000 USD
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15000 USD
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2229000 USD
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285000 USD
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294426000 USD
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146586000 USD
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226000 USD
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53356000 USD
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26757000 USD
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10804000 USD
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759000 USD
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160847000 USD
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46033000 USD
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2158547000 USD
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6340537000 USD
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50367000 USD
CY2010Q4 us-gaap Assets
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5893060000 USD
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294411000 USD
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330000 USD
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339825000 USD
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28450000 USD
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135000 USD
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56647000 USD
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152556000 USD
CY2009Q4 us-gaap Prepaid Taxes
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717000 USD
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63463000 USD
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21570000 USD
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51013000 USD
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1009117000 USD
CY2009Q4 us-gaap Indefinite Lived License Agreements
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1435000000 USD
CY2009Q4 us-gaap Goodwill
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494737000 USD
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4083000 USD
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161481000 USD
CY2009Q4 us-gaap Notes And Loans Receivable Net Noncurrent
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4214000 USD
CY2009Q4 us-gaap Long Term Investments
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5844962000 USD
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3284102000 USD
CY2009Q4 us-gaap Property Plant And Equipment Net
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2560860000 USD
CY2009Q4 us-gaap Other Assets Noncurrent
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38776000 USD
CY2009Q4 us-gaap Assets
Assets
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364000 USD
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CY2010Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
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24455000 USD
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1361000 USD
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96153000 USD
CY2010Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
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3766015000 USD
CY2010Q4 us-gaap Property Plant And Equipment Net
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2574522000 USD
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101000 USD
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10791000 USD
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281601000 USD
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146428000 USD
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39299000 USD
CY2010Q4 us-gaap Employee Related Liabilities Current
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65952000 USD
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121823000 USD
CY2010Q4 us-gaap Liabilities Current
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665995000 USD
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-583444000 USD
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234855000 USD
CY2010Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2010 us-gaap Commitments And Contingencies2009
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CY2010Q4 us-gaap Temporary Equity Redemption Value
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855000 USD
CY2010Q4 us-gaap Common Stock Value
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88074000 USD
CY2010Q4 us-gaap Additional Paid In Capital
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1368487000 USD
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105616000 USD
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2135507000 USD
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3486452000 USD
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CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3539970000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5893060000 USD
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76000 USD
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14732000 USD
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296288000 USD
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57507000 USD
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92884000 USD
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663977000 USD
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-515320000 USD
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218489000 USD
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867522000 USD
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727000 USD
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88074000 USD
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1356322000 USD
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69616000 USD
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2015752000 USD
CY2009Q4 us-gaap Stockholders Equity
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3390532000 USD
CY2009Q4 us-gaap Minority Interest
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51701000 USD
CY2009Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3442233000 USD
CY2009Q4 us-gaap Liabilities And Stockholders Equity
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5708268000 USD
CY2009Q4 us-gaap Common Stock Shares Issued
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CY2009Q4 us-gaap Common Stock Par Or Stated Value Per Share
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1.00 USD
CY2010Q4 us-gaap Common Stock Shares Authorized
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190000000 shares
CY2010Q4 us-gaap Common Stock Shares Issued
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88074000 shares
CY2010Q4 us-gaap Common Stock Shares Outstanding
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85547000 shares
CY2010Q4 us-gaap Common Stock Par Or Stated Value Per Share
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1.00 USD
CY2010Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
2527000 shares
CY2009Q4 us-gaap Common Stock Shares Authorized
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190000000 shares
CY2009Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1534000 shares
CY2007Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3232969000 USD
CY2008 usm Minority Interest In Net Income Loss Equity Minority Interests
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21229000 USD
CY2008 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-10134000 USD
CY2008 us-gaap Treasury Stock Value Acquired Cost Method
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28366000 USD
CY2008 us-gaap Stock Issued During Period Value Share Based Compensation
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-1543000 USD
CY2008 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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15122000 USD
CY2008 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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2417000 USD
CY2008 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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19676000 USD
CY2008 us-gaap Minority Interest In Net Income Loss Other Minority Interests
MinorityInterestInNetIncomeLossOtherMinorityInterests
-183000 USD
CY2008Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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3247906000 USD
CY2009 usm Minority Interest In Net Income Loss Equity Minority Interests
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21630000 USD
CY2009 us-gaap Treasury Stock Value Acquired Cost Method
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33585000 USD
CY2009 us-gaap Stock Issued During Period Value Share Based Compensation
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500000 USD
CY2009 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
198000 USD
CY2009 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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16362000 USD
CY2009 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
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-1503000 USD
CY2009 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
18426000 USD
CY2010 usm Minority Interest In Net Income Loss Equity Minority Interests
MinorityInterestInNetIncomeLossEquityMinorityInterests
22992000 USD
CY2010 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
52827000 USD
CY2010 us-gaap Stock Issued During Period Value Share Based Compensation
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1114000 USD
CY2010 us-gaap Minority Interest Decrease From Redemptions
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5812000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
18044000 USD
CY2010 us-gaap Adjustments To Additional Paid In Capital Tax Effect From Share Based Compensation
AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation
-2217000 USD
CY2010 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
19631000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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159158000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
23084000 USD
CY2010 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
136074000 USD
CY2008 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
50654000 USD
CY2008 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
25083000 USD
CY2008 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
25571000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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231315000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
21768000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
209547000 USD
CY2010 us-gaap Nature Of Operations
NatureOfOperations
<p style='margin-top:0pt; margin-bottom:0pt'><font style="font-family:Times New Roman;font-size:10pt;margin-left:0px;">U.S. Cellular owns, operates and invests in wireless systems throughout the </font><font style="font-family:Times New Roman;font-size:10pt;">United States</font><font style="font-family:Times New Roman;font-size:10pt;">. As of </font><font style="font-family:Times New Roman;font-size:10pt;">December 31, 2010,</font><font style="font-family:Times New Roman;font-size:10pt;"> U.S. Cellular served </font><font style="font-family:Times New Roman;font-size:10pt;">6.1</font><font style="font-family:Times New Roman;font-size:10pt;"> million customers in </font><font style="font-family:Times New Roman;font-size:10pt;">26</font><font style="font-family:Times New Roman;font-size:10pt;"> states.</font><font style="font-family:Times New Roman;font-size:10pt;"> U.S. Cellular operates as one reportable segment. </font></p><p style='margin-top:0pt; margin-bottom:0pt'>&#160;</p>
CY2010 us-gaap Reclassifications
Reclassifications
Certain prior year amounts have been reclassified to conform to the 2010 financial statement presentation. These reclassifications did not affect consolidated net income attributable to U.S. Cellular shareholders, cash flows, assets, liabilities or equity for the years presented.
CY2010 us-gaap Use Of Estimates
UseOfEstimates
The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect (a) the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and (b) the reported amounts of revenues and expenses during the reported period. Actual results could differ from those estimates. Significant estimates are involved in accounting for goodwill and indefinite-lived intangible assets, depreciation, amortization and accretion, allowance for doubtful accounts, loyalty reward points, and income taxes.
CY2008 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-10500000 USD
CY2010 us-gaap Property Plant And Equipment Depreciation Methods
PropertyPlantAndEquipmentDepreciationMethods
Depreciation is provided using the straight-line method over the estimated useful life of the assets. U.S. Cellular depreciates leasehold improvement assets associated with leased properties over periods ranging from one to thirty years; such periods approximate the shorter of the assets' economic lives or the specific lease terms. Useful lives of specific assets are reviewed throughout the year to determine if changes in technology or other business changes would warrant accelerating the depreciation of those specific assets. U.S. Cellular did not materially change the useful lives of its property, plant and equipment in 2010, 2009 or 2008.
CY2010 us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
In October 2009, the FASB issued Accounting Standards Update No. 2009-14, Certain Revenue Arrangements that include Software Elements (&#8220;ASU 2009-14&#8221;). ASU 2009-14 amends accounting and reporting guidance for revenue arrangements involving both tangible products and software that is &#8220;more than incidental to the tangible product as a whole.&#8221;&#160; ASU 2009-14 is effective for U.S. Cellular on January 1, 2011. U.S. Cellular does not anticipate that this pronouncement will have a significant impact on its financial position or results of operations.
CY2010 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
19290000 USD
CY2010 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-11059000 USD
CY2009 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
69942000 USD
CY2008 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
76305000 USD
CY2009 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
648000 USD
CY2008 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
10089000 USD
CY2010 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
57759000 USD
CY2009 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
41884000 USD
CY2008 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-49428000 USD
CY2010 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
15968000 USD
CY2009 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
5376000 USD
CY2008 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-27899000 USD
CY2010 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
84400000 USD
CY2010 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
5000000 USD
CY2010 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
4600000 USD
CY2010 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-2800000 USD
CY2009 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
122200000 USD
CY2009 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
4800000 USD
CY2009 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
400000 USD
CY2008 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
24400000 USD
CY2008 us-gaap Income Tax Reconciliation Minority Interest Income Expense
IncomeTaxReconciliationMinorityInterestIncomeExpense
4500000 USD
CY2008 us-gaap Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
1300000 USD
CY2008 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
-1600000 USD
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2010 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.021
CY2010 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.019
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.012
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.34
CY2009 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2009 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.014
CY2009 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2009 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.338
CY2008 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2008 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.151
CY2008 us-gaap Effective Income Tax Rate Reconciliation Minority Interest Income Expense
EffectiveIncomeTaxRateReconciliationMinorityInterestIncomeExpense
-0.064
CY2008 us-gaap Effective Income Tax Rate Reconciliation Disposition Of Assets
EffectiveIncomeTaxRateReconciliationDispositionOfAssets
0.018
CY2008 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.023
CY2008 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.13
CY2009 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2009 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
100000 USD
CY2010Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
33724000 USD
CY2010Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
38998000 USD
CY2010Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
89926000 USD
CY2010Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
28252000 USD
CY2010Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
61674000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
246599000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
323334000 USD
CY2010Q4 usm Deferred Tax Liabilities Investment In Affiliates
DeferredTaxLiabilitiesInvestmentInAffiliates
71566000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
3619000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
645118000 USD
CY2009Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
26884000 USD
CY2009Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
35584000 USD
CY2009Q4 us-gaap Deferred Tax Assets Gross Noncurrent
DeferredTaxAssetsGrossNoncurrent
77994000 USD
CY2009Q4 us-gaap Deferred Tax Assets Valuation Allowance Noncurrent
DeferredTaxAssetsValuationAllowanceNoncurrent
17977000 USD
CY2009Q4 us-gaap Deferred Tax Assets Net Noncurrent
DeferredTaxAssetsNetNoncurrent
60017000 USD
CY2009Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
221754000 USD
CY2009Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
288094000 USD
CY2009Q4 usm Deferred Tax Liabilities Investment In Affiliates
DeferredTaxLiabilitiesInvestmentInAffiliates
61272000 USD
CY2009Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4217000 USD
CY2009 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4966000 USD
CY2009Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
575337000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
17204000 USD
CY2009Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
15526000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
34442000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5119000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
101211000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
550000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1560000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
5938000 USD
CY2010 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
66000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
32547000 USD
CY2008Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
27786000 USD
CY2009 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
3114000 USD
CY2009 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1399000 USD
CY2009 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
25000 USD
CY2007Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
33890000 USD
CY2008 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
4858000 USD
CY2008 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
692000 USD
CY2008 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
5320000 USD
CY2008 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
3177000 USD
CY2008 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
3157000 USD
CY2010 us-gaap Other Information Pertaining To Income Taxes
OtherInformationPertainingToIncomeTaxes
In conjunction with an Internal Revenue Service (&#8220;IRS&#8221;) audit of the TDS consolidated group&#8217;s federal income tax returns for the tax years 2002 through 2005, TDS made a $38 million deposit with the IRS in 2009 related to an initial proposed assessment made by the IRS related to a specific tax position.&#160; U.S. Cellular then paid TDS a $34 million deposit in 2009, which represented U.S. Cellular&#8217;s proportionate share of the TDS deposit. &#160;The purpose of the deposit was to eliminate any potential interest expense subsequent to the deposit. &#160;The IRS subsequently conceded the specific tax position, and after closure of the IRS audit for the tax years 2002 through 2005, the IRS returned this $38 million deposit to TDS in 2010, and TDS also returned U.S. Cellular&#8217;s $34 million deposit in 2010.
CY2010Q4 usm Operating Loss Carryforwards State
OperatingLossCarryforwardsState
617900000 USD
CY2010Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
27800000 USD
CY2010Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Domestic
DeferredTaxAssetsOperatingLossCarryforwardsDomestic
5900000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
21100000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
18900000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
3000000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
2100000 USD
CY2008Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
4400000 USD
CY2010Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
19300000 USD
CY2009Q4 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
15700000 USD
CY2010 us-gaap Open Tax Years By Major Tax Jurisdiction
OpenTaxYearsByMajorTaxJurisdiction
after 2007
CY2010Q4 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Estimated Range Of Change
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleEstimatedRangeOfChange
7000000 USD
CY2010Q4 usm Prepaid Income Taxes State And Local
PrepaidIncomeTaxesStateAndLocal
1700000 USD
CY2010Q4 usm Prepaid Income Taxes Federal
PrepaidIncomeTaxesFederal
39700000 USD
CY2009Q4 usm Prepaid Income Taxes State And Local
PrepaidIncomeTaxesStateAndLocal
700000 USD
CY2009Q4 usm Taxes Payable Current Federal
TaxesPayableCurrentFederal
2000000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
77111000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
59812000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
676671000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1178129000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
33813000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
28723000 USD
CY2008 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
26800000 USD
CY2010 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
89000 shares
CY2009 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
21000 shares
CY2008 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
150000 shares
CY2010 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
301000 shares
CY2009 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
201000 shares
CY2008 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
147000 shares
CY2008Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillAmount
2963000 USD
CY2010Q4 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
17101000 USD
CY2009Q4 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
15750000 USD
CY2008Q4 us-gaap Business Acquisition Cost Of Acquired Entity Purchase Price
BusinessAcquisitionCostOfAcquiredEntityPurchasePrice
341971000 USD
CY2010Q4 us-gaap Acquired Indefinite Lived Intangible Asset Amount
AcquiredIndefiniteLivedIntangibleAssetAmount
17101000 USD
CY2009Q4 us-gaap Acquired Indefinite Lived Intangible Asset Amount
AcquiredIndefiniteLivedIntangibleAssetAmount
15750000 USD
CY2008Q4 us-gaap Acquired Finite Lived Intangible Asset Amount
AcquiredFiniteLivedIntangibleAssetAmount
1045000 USD
CY2008Q4 us-gaap Business Acquisition Purchase Price Allocation Assets Acquired Liabilities Assumed Net
BusinessAcquisitionPurchasePriceAllocationAssetsAcquiredLiabilitiesAssumedNet
341000 USD
CY2008Q4 us-gaap Acquired Indefinite Lived Intangible Asset Amount
AcquiredIndefiniteLivedIntangibleAssetAmount
337622000 USD
CY2008Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
1600000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
22100000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
16170000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
7237000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
634000 USD
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
108677000 USD
CY2010 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
35400000 USD
CY2009 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
31800000 USD
CY2010 us-gaap Description Of Lessee Leasing Arrangements Capital Leases
DescriptionOfLesseeLeasingArrangementsCapitalLeases
U.S. Cellular accounts for certain lease agreements as capital leases. The short- and long-term portions of capital lease obligations totaled $0.1&#160;million and $4.3&#160;million, respectively, as of December 31, 2010, and $0.1&#160;million and $4.3 million, respectively, as of December 31, 2009. The short- and long-term portions of capital lease obligations are included in Current portion of long-term debt and Long-term debt in the Consolidated Balance Sheet.
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
142437000 USD
CY2008Q4 us-gaap Indefinite Lived License Agreements
IndefiniteLivedLicenseAgreements
1433415000 USD
CY2010 us-gaap Indefinite Lived Intangible Assets Acquired During Period
IndefiniteLivedIntangibleAssetsAcquiredDuringPeriod
17101000 USD
CY2009 us-gaap Indefinite Lived Intangible Assets Acquired During Period
IndefiniteLivedIntangibleAssetsAcquiredDuringPeriod
15750000 USD
CY2009 usm Indefinite Lived License Agreements Other Changes
IndefiniteLivedLicenseAgreementsOtherChanges
-165000 USD
CY2009 usm Impairment Of Built Licenses
ImpairmentOfBuiltLicenses
14000000 USD
CY2008 usm Impairment Of Built Licenses
ImpairmentOfBuiltLicenses
56100000 USD
CY2008 usm Impairment Of Unbuilt Licenses
ImpairmentOfUnbuiltLicenses
330600000 USD
CY2009Q4 usm Goodwill Gross
GoodwillGross
494737000 USD
CY2008Q4 usm Goodwill Gross
GoodwillGross
494279000 USD
CY2008Q4 us-gaap Goodwill
Goodwill
494279000 USD
CY2009 usm Goodwill Other Changes
GoodwillOtherChanges
458000 USD
CY2009Q4 usm Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2008Q4 usm Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0 USD
CY2010 us-gaap Description Of Lessee Leasing Arrangements Operating Leases
DescriptionOfLesseeLeasingArrangementsOperatingLeases
U.S. Cellular is a party to various lease agreements, both as lessee and lessor, for office space, retail store sites, cell sites and equipment which are accounted for as operating leases. Certain leases have renewal options and/or fixed rental increases. Renewal options that are reasonably assured of exercise are included in determining the lease term. Any rent abatements or lease incentives, in addition to fixed rental increases, are included in the calculation of rent expense and calculated on a straight-line basis over the defined lease term.
CY2010Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
120887000 USD
CY2010Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1500000 USD
CY2009Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
1500000 USD
CY2010 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
163100000 USD
CY2009 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
155700000 USD
CY2008 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
138600000 USD
CY2009Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
76000 USD
CY2009Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
4320000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
532000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
544000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
560000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
568000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
576000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
5811000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
8591000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Interest Included In Payments
CapitalLeasesFutureMinimumPaymentsInterestIncludedInPayments
4206000 USD
CY2010Q4 us-gaap Capital Leases Future Minimum Payments Present Value Of Net Minimum Payments
CapitalLeasesFutureMinimumPaymentsPresentValueOfNetMinimumPayments
4385000 USD
CY2010Q4 us-gaap Capital Lease Obligations Noncurrent
CapitalLeaseObligationsNoncurrent
4284000 USD
CY2010Q4 us-gaap Capital Lease Obligations Current
CapitalLeaseObligationsCurrent
101000 USD

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