United States Cellular Corp
F:US7
Income Statement
Earnings Waterfall
United States Cellular Corp
Income Statement
United States Cellular Corp
| Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
62
|
68
|
76
|
86
|
94
|
102
|
109
|
113
|
113
|
113
|
113
|
113
|
113
|
114
|
115
|
116
|
116
|
116
|
116
|
110
|
105
|
101
|
101
|
112
|
129
|
164
|
180
|
175
|
169
|
149
|
146
|
163
|
177
|
188
|
196
|
196
|
193
|
187
|
186
|
183
|
180
|
|
| Revenue |
3 932
N/A
|
3 950
+0%
|
4 019
+2%
|
4 031
+0%
|
4 035
+0%
|
4 051
+0%
|
4 005
-1%
|
3 990
0%
|
3 956
-1%
|
3 927
-1%
|
3 867
-2%
|
3 890
+1%
|
3 896
+0%
|
3 907
+0%
|
3 945
+1%
|
3 967
+1%
|
3 992
+1%
|
3 991
0%
|
4 021
+1%
|
4 022
+0%
|
4 019
0%
|
4 019
N/A
|
4 015
0%
|
4 037
+1%
|
4 096
+1%
|
4 137
+1%
|
4 126
0%
|
4 122
0%
|
4 109
0%
|
4 122
+0%
|
4 189
+2%
|
4 169
0%
|
4 145
-1%
|
4 075
-2%
|
3 955
-3%
|
3 906
-1%
|
3 870
-1%
|
3 840
-1%
|
3 799
-1%
|
3 770
-1%
|
3 711
-2%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(1 941)
|
(1 931)
|
(1 910)
|
(1 828)
|
(1 839)
|
(1 844)
|
(1 834)
|
(1 841)
|
(1 804)
|
(1 798)
|
(1 768)
|
(1 803)
|
(1 798)
|
(1 776)
|
(1 788)
|
(1 789)
|
(1 801)
|
(1 791)
|
(1 798)
|
(1 784)
|
(1 771)
|
(1 769)
|
(1 764)
|
(1 793)
|
(1 856)
|
(1 903)
|
(1 900)
|
(1 908)
|
(1 889)
|
(1 894)
|
(1 988)
|
(1 971)
|
(1 963)
|
(1 914)
|
(1 776)
|
(1 728)
|
(1 692)
|
(1 665)
|
(1 635)
|
(1 630)
|
(1 586)
|
|
| Gross Profit |
1 992
N/A
|
2 019
+1%
|
2 109
+4%
|
2 203
+4%
|
2 196
0%
|
2 207
+1%
|
2 171
-2%
|
2 149
-1%
|
2 152
+0%
|
2 129
-1%
|
2 099
-1%
|
2 087
-1%
|
2 098
+1%
|
2 131
+2%
|
2 157
+1%
|
2 178
+1%
|
2 191
+1%
|
2 200
+0%
|
2 223
+1%
|
2 238
+1%
|
2 248
+0%
|
2 250
+0%
|
2 251
+0%
|
2 244
0%
|
2 240
0%
|
2 234
0%
|
2 226
0%
|
2 214
-1%
|
2 220
+0%
|
2 228
+0%
|
2 201
-1%
|
2 198
0%
|
2 182
-1%
|
2 161
-1%
|
2 179
+1%
|
2 178
0%
|
2 178
N/A
|
2 175
0%
|
2 164
-1%
|
2 140
-1%
|
2 125
-1%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(2 151)
|
(2 112)
|
(2 092)
|
(2 101)
|
(2 099)
|
(2 097)
|
(2 095)
|
(2 098)
|
(2 075)
|
(2 070)
|
(2 048)
|
(2 027)
|
(2 020)
|
(2 015)
|
(2 018)
|
(2 028)
|
(2 038)
|
(2 058)
|
(2 091)
|
(2 108)
|
(2 129)
|
(2 109)
|
(2 066)
|
(2 051)
|
(2 013)
|
(2 026)
|
(2 036)
|
(2 023)
|
(2 045)
|
(2 042)
|
(2 082)
|
(2 108)
|
(2 128)
|
(2 119)
|
(2 065)
|
(2 024)
|
(2 004)
|
(1 989)
|
(1 988)
|
(1 995)
|
(1 992)
|
|
| Selling, General & Administrative |
(1 565)
|
(1 524)
|
(1 501)
|
(1 494)
|
(1 486)
|
(1 480)
|
(1 476)
|
(1 480)
|
(1 457)
|
(1 451)
|
(1 431)
|
(1 412)
|
(1 398)
|
(1 389)
|
(1 385)
|
(1 388)
|
(1 388)
|
(1 390)
|
(1 402)
|
(1 406)
|
(1 416)
|
(1 395)
|
(1 372)
|
(1 368)
|
(1 337)
|
(1 348)
|
(1 359)
|
(1 345)
|
(1 366)
|
(1 371)
|
(1 394)
|
(1 408)
|
(1 429)
|
(1 431)
|
(1 395)
|
(1 368)
|
(1 353)
|
(1 334)
|
(1 325)
|
(1 330)
|
(1 331)
|
|
| Depreciation & Amortization |
(585)
|
(588)
|
(591)
|
(607)
|
(613)
|
(616)
|
(619)
|
(618)
|
(618)
|
(619)
|
(617)
|
(615)
|
(622)
|
(626)
|
(633)
|
(640)
|
(650)
|
(668)
|
(689)
|
(702)
|
(713)
|
(714)
|
(694)
|
(683)
|
(676)
|
(678)
|
(677)
|
(678)
|
(679)
|
(671)
|
(688)
|
(700)
|
(699)
|
(688)
|
(670)
|
(656)
|
(651)
|
(655)
|
(663)
|
(665)
|
(661)
|
|
| Operating Income |
(159)
N/A
|
(93)
+42%
|
17
N/A
|
102
+518%
|
97
-5%
|
111
+14%
|
77
-30%
|
51
-34%
|
77
+51%
|
59
-23%
|
51
-14%
|
60
+18%
|
78
+30%
|
116
+49%
|
139
+20%
|
150
+8%
|
153
+2%
|
142
-7%
|
132
-7%
|
130
-2%
|
119
-8%
|
141
+18%
|
185
+31%
|
193
+4%
|
227
+18%
|
208
-8%
|
190
-9%
|
191
+1%
|
175
-8%
|
186
+6%
|
119
-36%
|
90
-24%
|
54
-40%
|
42
-22%
|
114
+171%
|
154
+35%
|
174
+13%
|
186
+7%
|
176
-5%
|
145
-18%
|
133
-8%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
84
|
88
|
89
|
56
|
43
|
30
|
13
|
33
|
33
|
29
|
27
|
32
|
39
|
46
|
54
|
58
|
67
|
69
|
71
|
73
|
78
|
82
|
87
|
77
|
56
|
25
|
5
|
10
|
18
|
29
|
25
|
3
|
(10)
|
(20)
|
(27)
|
(28)
|
(26)
|
(20)
|
(15)
|
(10)
|
(12)
|
|
| Non-Reccuring Items |
258
|
251
|
270
|
245
|
10
|
18
|
(4)
|
(3)
|
14
|
7
|
(367)
|
(364)
|
(371)
|
(358)
|
13
|
8
|
4
|
(11)
|
(15)
|
(18)
|
(22)
|
(21)
|
(20)
|
(20)
|
(20)
|
(18)
|
(20)
|
(21)
|
(18)
|
(25)
|
(18)
|
(21)
|
(30)
|
(24)
|
(24)
|
(15)
|
(10)
|
(20)
|
(157)
|
(157)
|
(155)
|
|
| Total Other Income |
0
|
0
|
0
|
1
|
2
|
1
|
1
|
1
|
(1)
|
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Pre-Tax Income |
183
N/A
|
246
+34%
|
377
+53%
|
404
+7%
|
152
-62%
|
159
+5%
|
86
-46%
|
82
-5%
|
123
+50%
|
95
-23%
|
(289)
N/A
|
(272)
+6%
|
(256)
+6%
|
(198)
+23%
|
204
N/A
|
215
+5%
|
223
+4%
|
199
-11%
|
187
-6%
|
185
-1%
|
176
-5%
|
203
+15%
|
253
+25%
|
250
-1%
|
263
+5%
|
215
-18%
|
175
-19%
|
180
+3%
|
175
-3%
|
190
+9%
|
126
-34%
|
72
-43%
|
14
-81%
|
(2)
N/A
|
63
N/A
|
111
+76%
|
138
+24%
|
146
+6%
|
4
-97%
|
(22)
N/A
|
(34)
-55%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(83)
|
(107)
|
(149)
|
(157)
|
(61)
|
(60)
|
(35)
|
(33)
|
(55)
|
(42)
|
26
|
18
|
27
|
9
|
(59)
|
(55)
|
(56)
|
(52)
|
(52)
|
(52)
|
(30)
|
(20)
|
(9)
|
(66)
|
(90)
|
(76)
|
(86)
|
(20)
|
(25)
|
(53)
|
(36)
|
(37)
|
(17)
|
(18)
|
(48)
|
(53)
|
(71)
|
(66)
|
(25)
|
(10)
|
(1)
|
|
| Income from Continuing Operations |
100
|
139
|
228
|
247
|
91
|
98
|
51
|
49
|
68
|
53
|
(263)
|
(254)
|
(229)
|
(189)
|
145
|
160
|
167
|
147
|
135
|
133
|
146
|
183
|
244
|
184
|
173
|
139
|
89
|
160
|
150
|
137
|
90
|
35
|
(3)
|
(20)
|
15
|
58
|
67
|
80
|
(21)
|
(32)
|
(35)
|
|
| Income to Minority Interest |
(2)
|
(3)
|
(6)
|
(6)
|
(1)
|
(1)
|
(0)
|
(1)
|
(3)
|
(3)
|
(3)
|
(3)
|
(12)
|
(15)
|
(15)
|
(14)
|
(8)
|
(6)
|
(6)
|
(6)
|
(3)
|
(3)
|
(2)
|
(4)
|
(4)
|
(3)
|
(4)
|
(5)
|
(5)
|
(6)
|
(5)
|
(5)
|
(3)
|
(2)
|
(2)
|
(4)
|
(7)
|
(8)
|
(9)
|
(7)
|
(4)
|
|
| Net Income (Common) |
98
N/A
|
136
+39%
|
222
+63%
|
241
+9%
|
90
-63%
|
98
+8%
|
51
-48%
|
48
-6%
|
65
+35%
|
50
-23%
|
(266)
N/A
|
12
N/A
|
31
+158%
|
68
+119%
|
403
+493%
|
150
-63%
|
160
+7%
|
142
-11%
|
129
-9%
|
127
-2%
|
143
+13%
|
180
+26%
|
242
+34%
|
229
-5%
|
218
-5%
|
185
-15%
|
134
-28%
|
155
+16%
|
145
-6%
|
131
-10%
|
85
-35%
|
30
-65%
|
(6)
N/A
|
(22)
-267%
|
13
N/A
|
54
+315%
|
60
+11%
|
72
+20%
|
(30)
N/A
|
(39)
-30%
|
(39)
N/A
|
|
| EPS (Diluted) |
1.16
N/A
|
1.61
+39%
|
2.62
+63%
|
2.84
+8%
|
1.07
-62%
|
1.16
+8%
|
0.61
-47%
|
0.56
-8%
|
0.76
+36%
|
0.58
-24%
|
-3.14
N/A
|
0.14
N/A
|
0.36
+157%
|
0.79
+119%
|
4.63
+486%
|
1.72
-63%
|
1.81
+5%
|
1.61
-11%
|
1.45
-10%
|
1.44
-1%
|
1.62
+13%
|
2.05
+27%
|
2.76
+35%
|
2.63
-5%
|
2.47
-6%
|
2.1
-15%
|
1.54
-27%
|
1.78
+16%
|
1.67
-6%
|
1.52
-9%
|
0.98
-36%
|
0.35
-64%
|
-0.06
N/A
|
-0.27
-350%
|
0.14
N/A
|
0.62
+343%
|
0.69
+11%
|
0.82
+19%
|
-0.37
N/A
|
-0.45
-22%
|
-0.46
-2%
|
|