v3.23.2
Consolidated Statement of Operations - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues        
Total operating revenues $ 957 $ 1,027 $ 1,942 $ 2,037
Operating expenses        
Selling, general and administrative 341 339 686 663
Depreciation, amortization and accretion 161 172 330 342
Loss on impairment of licenses 0 3 0 3
(Gain) loss on asset disposals, net 3 6 13 8
Total operating expenses 923 987 1,881 1,926
Operating income 34 40 61 111
Investment and other income (expense)        
Equity in earnings of unconsolidated entities 38 37 82 82
Interest and dividend income 3 3 5 4
Interest expense (51) (40) (99) (73)
Total investment and other income (expense) (10) 0 (12) 13
Income before income taxes 24 40 49 124
Income tax expense 19 18 29 50
Net income 5 22 20 74
Less: Net income attributable to noncontrolling interests, net of tax 0 1 2 3
Net income attributable to UScellular shareholders $ 5 $ 21 $ 18 $ 71
Basic weighted average shares outstanding (in shares) 85 86 85 86
Basic earnings per share attributable to UScellular shareholders $ 0.05 $ 0.25 $ 0.21 $ 0.82
Diluted weighted average shares outstanding (in shares) 86 87 86 87
Diluted earnings per share attributable to UScellular shareholders $ 0.05 $ 0.25 $ 0.20 $ 0.82
Service        
Operating revenues        
Total operating revenues $ 760 $ 783 $ 1,527 $ 1,570
Operating expenses        
Cost of goods and services 190 192 372 377
Equipment sales        
Operating revenues        
Total operating revenues 197 244 415 467
Operating expenses        
Cost of goods and services $ 228 $ 275 $ 480 $ 533