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United States Cellular (USM) Financials

United States Cellular logo
$63.31 +2.23 (+3.65%)
Closing price 05/27/2025 03:59 PM Eastern
Extended Trading
$63.28 -0.03 (-0.05%)
As of 05/27/2025 06:30 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for United States Cellular

Annual Income Statements for United States Cellular

This table shows United States Cellular's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Income / (Loss) Attributable to Common Shareholders
-39 54 30 155 229 127 150 12 48 241
Consolidated Net Income / (Loss)
-32 58 35 160 233 133 164 15 49 247
Net Income / (Loss) Continuing Operations
-32 58 35 160 233 133 164 15 49 247
Total Pre-Tax Income
-22 111 72 180 250 185 215 -272 82 404
Total Operating Income
-12 139 69 170 173 112 158 -304 48 347
Total Gross Profit
2,140 2,178 2,198 2,214 2,244 2,238 2,178 2,087 2,149 2,203
Total Revenue
3,770 3,906 4,169 4,122 4,037 4,022 3,967 3,890 3,990 4,031
Operating Revenue
3,770 3,906 4,169 4,122 4,037 4,022 3,967 3,890 3,990 4,031
Total Cost of Revenue
1,630 1,728 1,971 1,908 1,793 1,784 1,789 1,803 1,841 1,828
Operating Cost of Revenue
1,630 1,728 1,971 1,908 1,793 1,784 1,789 1,803 1,841 1,828
Total Operating Expenses
2,152 2,039 2,129 2,044 2,071 2,126 2,020 2,391 2,101 1,856
Selling, General & Admin Expense
1,330 1,368 1,408 1,345 1,368 1,406 1,388 1,412 1,480 1,494
Depreciation Expense
665 656 700 678 683 702 640 615 618 607
Other Operating Expenses / (Income)
0.00 0.00 -1.00 -2.00 0.00 -1.00 0.00 -1.00 - -
Impairment Charge
136 0.00 3.00 0.00 0.00 - - 370 0.00 0.00
Other Special Charges / (Income)
21 15 19 23 20 19 -8.00 -5.00 3.00 -245
Total Other Income / (Expense), net
-10 -28 3.00 10 77 73 57 32 34 57
Interest Expense
183 196 163 175 112 110 116 113 113 86
Interest & Investment Income
173 168 166 185 189 183 174 145 146 142
Other Income / (Expense), net
0.00 0.00 0.00 0.00 0.00 0.00 -1.00 0.00 1.00 1.00
Income Tax Expense
10 53 37 20 17 52 51 -287 33 157
Net Income / (Loss) Attributable to Noncontrolling Interest
7.00 4.00 5.00 5.00 4.00 6.00 14 3.00 1.00 6.00
Basic Earnings per Share
($0.46) $0.64 $0.35 $1.80 $2.66 $1.47 $1.75 $0.14 $0.56 $2.86
Weighted Average Basic Shares Outstanding
86M 85M 85M 86M 86M 86M 86M 85M 85M 84M
Diluted Earnings per Share
($0.46) $0.63 $0.35 $1.77 $2.62 $1.44 $1.72 $0.14 $0.56 $2.84
Weighted Average Diluted Shares Outstanding
86M 87M 86M 87M 87M 88M 87M 86M 85M 85M
Weighted Average Basic & Diluted Shares Outstanding
85M 85M 84.69M 85.88M 86.09M 86.15M 85.70M 85.70M 85.70M 84.30M

Quarterly Income Statements for United States Cellular

This table shows United States Cellular's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
18 5.00 -79 17 18 13 23 5.00 13 -28 -12
Consolidated Net Income / (Loss)
20 4.00 -78 18 24 16 23 5.00 14 -27 -12
Net Income / (Loss) Continuing Operations
20 4.00 -78 18 24 16 23 5.00 14 -27 -12
Total Pre-Tax Income
40 -14 -92 32 52 12 50 24 25 -37 -15
Total Operating Income
41 -9.00 -90 36 51 22 57 34 26 -27 -15
Total Gross Profit
537 513 539 536 552 538 550 539 551 538 532
Total Revenue
891 971 922 927 950 1,000 963 957 986 1,049 1,083
Operating Revenue
891 971 922 927 950 1,000 963 957 986 1,049 1,083
Total Cost of Revenue
354 458 383 391 398 462 413 418 435 511 551
Operating Cost of Revenue
354 458 383 391 398 462 413 418 435 511 551
Total Operating Expenses
496 522 629 500 501 516 493 505 525 565 547
Selling, General & Admin Expense
332 353 324 322 331 349 333 341 345 375 369
Depreciation Expense
163 168 167 165 165 166 159 161 170 180 177
Other Special Charges / (Income)
1.00 1.00 2.00 13 5.00 1.00 1.00 3.00 10 11 1.00
Total Other Income / (Expense), net
-1.00 -5.00 -2.00 -4.00 1.00 -10 -7.00 -10 -1.00 -10 0.00
Interest Expense
40 46 49 45 43 48 50 51 47 48 42
Interest & Investment Income
39 41 47 41 44 38 43 41 46 38 42
Income Tax Expense
20 -18 -14 14 28 -4.00 27 19 11 -10 -3.00
Net Income / (Loss) Attributable to Noncontrolling Interest
2.00 -1.00 1.00 1.00 6.00 3.00 0.00 0.00 1.00 1.00 0.00
Basic Earnings per Share
$0.21 $0.05 ($0.92) $0.20 $0.21 $0.18 $0.26 $0.05 $0.15 ($0.32) ($0.15)
Weighted Average Basic Shares Outstanding
85M 86M 86M 86M 85M 85M 85M 85M 85M 85M 85M
Diluted Earnings per Share
$0.21 $0.06 ($0.92) $0.20 $0.20 $0.17 $0.26 $0.05 $0.15 ($0.32) ($0.15)
Weighted Average Diluted Shares Outstanding
88M 86M 86M 88M 88M 87M 86M 86M 86M 86M 85M
Weighted Average Basic & Diluted Shares Outstanding
85M 85M 86M 86M 85M 85M 85M 85.27M 84.72M 84.69M 85.22M

Annual Cash Flow Statements for United States Cellular

This table details how cash moves in and out of United States Cellular's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Net Change in Cash & Equivalents
-20 -129 109 -1,092 1,000 -292 231 -234 -129 502
Net Cash From Operating Activities
883 866 832 802 1,237 724 709 469 501 555
Net Cash From Continuing Operating Activities
883 866 832 802 1,237 724 703 469 501 555
Net Income / (Loss) Continuing Operations
-32 58 35 160 233 133 164 15 49 247
Consolidated Net Income / (Loss)
-32 58 35 160 233 133 -164 15 49 247
Depreciation Expense
665 656 700 678 683 702 640 615 618 607
Non-Cash Adjustments To Reconcile Net Income
317 134 164 101 132 161 451 484 78 -194
Changes in Operating Assets and Liabilities, net
-67 18 -67 -137 189 -272 -218 -645 -244 -107
Net Cash From Investing Activities
-556 -721 -1,179 -2,036 -1,163 -864 -464 -683 -618 -550
Net Cash From Continuing Investing Activities
-556 -721 -1,179 -2,036 -1,163 -864 -464 -683 -618 -550
Purchase of Property, Plant & Equipment
-537 -608 -602 -724 -989 -650 -512 -465 -443 -581
Acquisitions
-20 -130 -585 -1,322 -201 -271 -2.00 - -53 -286
Divestitures
0.00 0.00 0.00 0.00 26 41 24 21 21 317
Other Investing Activities, net
1.00 17 8.00 10 1.00 -2.00 -7.00 -189 -143 0.00
Net Cash From Financing Activities
-347 -274 456 142 926 -152 -14 -20 -12 497
Net Cash From Continuing Financing Activities
-347 -274 456 142 926 -152 -14 -20 -12 497
Repayment of Debt
-251 -514 -381 -1,141 -146 -118 -26 -17 -12 -14
Repurchase of Common Equity
-54 -6.00 -48 -31 -23 -21 0.00 0.00 -5.00 -8.00
Payment of Dividends
-5.00 -3.00 -3.00 -3.00 -6.00 -4.00 -6.00 -4.00 -1.00 -6.00
Issuance of Debt
40 315 910 1,342 1,125 0.00 0.00 - - 525
Other Financing Activities, net
-77 -66 -22 -25 -24 -9.00 0.00 - - -2.00

Quarterly Cash Flow Statements for United States Cellular

This table details how cash moves in and out of United States Cellular's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
42 -129 73 5.00 31 -6.00 -39 24 -108 19 -66
Net Cash From Operating Activities
160 122 245 313 203 147 329 349 41 180 74
Net Cash From Continuing Operating Activities
160 122 245 313 203 147 329 349 41 180 74
Net Income / (Loss) Continuing Operations
20 5.00 -79 18 24 15 23 6.00 14 -27 -12
Consolidated Net Income / (Loss)
20 5.00 -79 18 24 15 23 6.00 14 -27 -12
Depreciation Expense
163 166 170 164 165 166 160 160 170 180 178
Non-Cash Adjustments To Reconcile Net Income
13 78 150 62 27 58 11 53 12 64 26
Changes in Operating Assets and Liabilities, net
-36 -127 4.00 69 -13 -92 135 130 -155 -37 -118
Net Cash From Investing Activities
-74 -141 -131 -140 -144 -257 -119 -153 -192 -203 -125
Net Cash From Continuing Investing Activities
-74 -141 -131 -140 -144 -257 -119 -153 -192 -203 -125
Purchase of Property, Plant & Equipment
-72 -138 -129 -137 -133 -154 -103 -155 -196 -193 -121
Acquisitions
-2.00 -3.00 -2.00 -4.00 -11 -106 -16 -3.00 -5.00 -10 -11
Other Investing Activities, net
0.00 - - 1.00 0.00 3.00 - 5.00 9.00 - 7.00
Net Cash From Financing Activities
-44 -110 -41 -168 -28 104 -249 -172 43 42 -15
Net Cash From Continuing Financing Activities
-44 -110 -41 -168 -28 104 -249 -172 43 42 -15
Repayment of Debt
-5.00 -46 -4.00 -144 -57 -57 -240 -153 -64 -1.00 -152
Repurchase of Common Equity
-21 -28 -26 - 0.00 -6.00 - - 0.00 -20 -10
Payment of Dividends
-2.00 -1.00 -1.00 -1.00 -2.00 -1.00 - -1.00 -1.00 - -1.00
Issuance of Debt
0.00 - - - 40 200 - - 115 75 150
Other Financing Activities, net
-16 -35 -10 -23 -9.00 -32 -9.00 -18 -7.00 -12 -2.00

Annual Balance Sheets for United States Cellular

This table presents United States Cellular's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Total Assets
10,449 10,750 11,119 10,341 9,681 8,164 7,274 6,841 7,110 7,060
Total Current Assets
1,345 1,400 1,723 1,605 2,623 1,573 1,812 1,483 1,558 1,672
Cash & Equivalents
144 150 273 156 1,271 285 580 352 586 715
Accounts Receivable
955 957 1,072 1,046 998 1,010 976 843 727 672
Inventories, net
179 199 261 173 146 162 142 138 138 149
Prepaid Expenses
46 57 68 58 51 50 63 79 84 81
Current Deferred & Refundable Income Taxes
0.00 1.00 4.00 123 125 46 15 - - -
Other Current Assets
21 36 45 49 29 20 19 21 23 55
Plant, Property, & Equipment, net
2,502 2,576 2,624 2,606 2,466 2,207 2,202 2,320 2,470 2,649
Plant, Property & Equipment, gross
8,387 9,560 9,334 9,056 8,785 8,293 7,778 7,628 7,712 7,669
Accumulated Depreciation
5,885 6,984 6,710 6,450 6,319 6,086 5,576 5,308 5,242 5,020
Total Noncurrent Assets
6,602 6,774 6,772 6,130 4,592 4,384 3,260 3,038 3,082 2,739
Long-Term Investments
454 461 452 439 435 447 441 415 413 363
Intangible Assets
4,579 4,693 4,690 4,088 2,629 2,471 2,186 2,223 1,886 1,834
Other Noncurrent Operating Assets
1,569 1,605 1,604 1,585 1,526 1,466 633 390 405 172
Other Noncurrent Nonoperating Assets
0.00 15 26 18 2.00 - - 10 8.00 -
Total Liabilities & Shareholders' Equity
10,449 10,750 11,119 10,341 9,681 8,164 7,274 6,841 7,110 7,060
Total Liabilities
5,841 6,096 6,537 5,767 5,245 3,943 3,196 3,154 3,465 3,489
Total Current Liabilities
884 901 1,195 903 871 750 691 733 718 748
Short-Term Debt
22 20 13 3.00 2.00 8.00 19 18 11 11
Accounts Payable
242 248 356 346 377 296 304 302 309 275
Current Deferred Revenue
238 229 239 191 151 148 157 185 190 251
Current Deferred & Payable Income Tax Liabilities
30 32 35 33 48 30 30 56 39 28
Current Employee Benefit Liabilities
93 83 84 83 82 76 78 74 73 68
Other Current Liabilities
259 289 468 247 211 192 103 98 96 115
Total Noncurrent Liabilities
4,957 5,195 5,342 4,864 4,374 3,193 2,505 2,421 2,747 2,741
Long-Term Debt
2,837 3,044 3,187 2,728 2,489 1,502 1,605 1,622 1,618 1,629
Noncurrent Deferred & Payable Income Tax Liabilities
728 755 708 674 633 507 510 461 826 821
Other Noncurrent Operating Liabilities
1,392 1,396 1,447 1,462 1,251 1,184 389 338 303 291
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - -
Redeemable Noncontrolling Interest
16 12 12 11 10 11 11 - - -
Total Equity & Noncontrolling Interests
4,592 4,642 4,570 4,563 4,426 4,210 4,067 3,687 3,645 3,571
Total Preferred & Common Equity
4,577 4,626 4,554 4,547 4,411 4,197 4,057 3,677 3,634 3,561
Total Common Equity
4,577 4,626 4,554 4,547 4,411 4,197 4,057 3,677 3,634 3,561
Common Stock
1,871 1,814 1,791 1,766 1,739 1,717 1,678 1,640 1,610 1,585
Retained Earnings
2,818 2,892 2,861 2,849 2,739 2,550 2,444 2,157 2,160 2,133
Treasury Stock
-112 -80 -98 -68 -67 -70 -65 -120 -136 -157
Noncontrolling Interest
15 16 16 16 15 13 10 10 11 10

Quarterly Balance Sheets for United States Cellular

This table presents United States Cellular's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2025 Q3 2024 Q2 2024 Q1 2024 Q3 2023 Q2 2023 Q1 2023 Q3 2022
Period end date 3/31/2025 9/30/2024 6/30/2024 3/31/2024 9/30/2023 6/30/2023 3/31/2023 9/30/2022
Total Assets
10,365 10,516 10,639 10,704 10,749 10,889 10,997 11,056
Total Current Assets
1,373 1,427 1,374 1,395 1,393 1,500 1,562 1,675
Cash & Equivalents
182 272 195 185 153 186 154 254
Accounts Receivable
925 918 952 932 959 984 1,009 1,075
Inventories, net
178 161 143 175 175 210 262 243
Prepaid Expenses
63 55 58 71 64 69 76 61
Other Current Assets
25 21 26 32 40 47 57 41
Other Current Nonoperating Assets
1.00 0.00 0.00 0.00 - - - -
Plant, Property, & Equipment, net
2,394 2,504 2,540 2,540 2,593 2,640 2,658 2,631
Plant, Property & Equipment, gross
8,417 8,402 8,294 8,321 9,571 9,491 9,440 9,410
Accumulated Depreciation
6,023 5,898 5,754 5,781 6,978 6,851 6,782 6,779
Total Noncurrent Assets
6,597 6,585 6,725 6,769 6,763 6,749 6,777 6,750
Long-Term Investments
479 478 461 482 477 457 477 461
Intangible Assets
4,581 4,576 4,715 4,711 4,690 4,694 4,692 4,680
Other Noncurrent Operating Assets
1,537 1,531 1,549 1,576 1,580 1,582 1,590 1,580
Total Liabilities & Shareholders' Equity
10,365 10,516 10,639 10,704 10,749 10,889 10,997 11,056
Total Liabilities
5,750 5,902 5,933 6,015 6,118 6,288 6,402 6,451
Total Current Liabilities
807 909 886 837 1,031 1,008 953 1,099
Short-Term Debt
26 20 20 20 18 54 15 11
Accounts Payable
207 272 268 229 406 240 206 340
Current Deferred Revenue
231 225 236 235 222 231 229 218
Current Deferred & Payable Income Tax Liabilities
57 63 41 49 35 32 33 36
Current Employee Benefit Liabilities
33 66 57 32 61 54 44 62
Other Current Liabilities
253 263 264 272 283 388 426 432
Total Noncurrent Liabilities
4,943 4,993 5,047 5,178 5,087 5,280 5,449 5,352
Long-Term Debt
2,829 2,882 2,887 3,029 2,903 3,105 3,297 3,115
Noncurrent Deferred & Payable Income Tax Liabilities
720 719 765 758 749 732 715 705
Other Noncurrent Operating Liabilities
1,394 1,392 1,395 1,391 1,435 1,443 1,437 1,532
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Redeemable Noncontrolling Interest
16 16 16 16 12 12 12 -
Total Equity & Noncontrolling Interests
4,599 4,598 4,690 4,673 4,619 4,589 4,583 4,605
Total Preferred & Common Equity
4,585 4,582 4,675 4,658 4,603 4,573 4,568 4,589
Total Common Equity
4,585 4,582 4,677 4,658 4,603 4,573 4,568 4,589
Common Stock
1,888 1,852 1,840 1,828 1,805 1,798 1,792 1,784
Retained Earnings
2,822 2,813 2,893 2,910 2,878 2,855 2,872 2,890
Treasury Stock
-125 -83 -56 -80 -80 -80 -96 -85
Noncontrolling Interest
14 16 15 15 16 16 15 16

Annual Metrics And Ratios for United States Cellular

This table displays calculated financial ratios and metrics derived from United States Cellular's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017 12/31/2016 12/31/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
-3.48% -6.31% 1.14% 2.11% 0.37% 1.39% 1.98% -2.51% -1.02% 3.54%
EBITDA Growth
-17.86% 3.38% -9.32% -0.93% 5.16% 2.13% 156.27% -53.37% -30.30% 106.70%
EBIT Growth
-108.63% 101.45% -59.41% -1.73% 54.46% -28.66% 151.64% -720.41% -85.92% 341.67%
NOPAT Growth
-111.57% 116.54% -77.80% -6.28% 100.25% -33.19% 156.64% -841.90% -86.48% 311.94%
Net Income Growth
-155.17% 65.71% -78.13% -31.33% 75.19% -18.90% 993.33% -69.39% -80.16% 625.53%
EPS Growth
-173.02% 80.00% -80.23% -32.44% 81.94% -16.28% 1,128.57% -75.00% -80.28% 656.86%
Operating Cash Flow Growth
1.96% 4.09% 3.74% -35.17% 70.86% 2.12% 51.17% -6.39% -9.73% 222.67%
Free Cash Flow Firm Growth
1,745.13% 103.81% 76.93% -2,232.27% 77.61% -469.89% 90.02% -323.29% -27.01% 74.41%
Invested Capital Growth
-3.14% 0.87% 5.07% 28.27% 4.36% 7.16% 3.67% 5.46% 3.24% 7.69%
Revenue Q/Q Growth
-0.76% -1.24% -0.48% -0.12% 0.55% 0.05% 0.56% 0.57% -0.37% 0.30%
EBITDA Q/Q Growth
-4.53% 4.61% -2.53% 0.12% -0.47% 1.37% 1.53% 3.32% -3.89% 8.88%
EBIT Q/Q Growth
-163.16% 54.44% -31.68% 0.00% 4.22% -4.27% 3.29% 3.49% -32.88% 21.32%
NOPAT Q/Q Growth
91.16% 233.56% -53.51% 11.91% 0.30% -3.96% -20.71% 3.49% -33.74% 22.09%
Net Income Q/Q Growth
-60.00% 286.67% -61.11% 15.11% -4.90% -0.75% -60.67% 105.70% -3.92% 8.42%
EPS Q/Q Growth
-31.43% 350.00% -64.29% 16.45% -5.07% -2.04% -63.33% 104.49% -5.08% 8.81%
Operating Cash Flow Q/Q Growth
-2.75% -3.67% 5.72% -15.93% 25.33% -9.05% 5.04% -2.29% 20.72% 40.02%
Free Cash Flow Firm Q/Q Growth
320.78% -87.98% 34.85% -10.23% 71.93% -3.39% 77.54% -266.91% 15.88% 71.24%
Invested Capital Q/Q Growth
1.52% 2.60% 0.63% 3.82% 2.09% 5.31% 5.59% 10.62% 2.40% 3.36%
Profitability Metrics
- - - - - - - - - -
Gross Margin
56.76% 55.76% 52.72% 53.71% 55.59% 55.64% 54.90% 53.65% 53.86% 54.65%
EBITDA Margin
17.32% 20.35% 18.45% 20.57% 21.20% 20.24% 20.09% 7.99% 16.72% 23.74%
Operating Margin
-0.32% 3.56% 1.66% 4.12% 4.29% 2.78% 3.98% -7.81% 1.20% 8.61%
EBIT Margin
-0.32% 3.56% 1.66% 4.12% 4.29% 2.78% 3.96% -7.81% 1.23% 8.63%
Profit (Net Income) Margin
-0.85% 1.48% 0.84% 3.88% 5.77% 3.31% 4.13% 0.39% 1.23% 6.13%
Tax Burden Percent
145.45% 52.25% 48.61% 88.89% 93.20% 71.89% 76.28% -5.51% 59.76% 61.14%
Interest Burden Percent
183.33% 79.86% 104.35% 105.88% 144.51% 165.18% 136.94% 89.47% 167.35% 116.09%
Effective Tax Rate
0.00% 47.75% 51.39% 11.11% 6.80% 28.11% 23.72% 0.00% 40.24% 38.86%
Return on Invested Capital (ROIC)
-0.12% 1.03% 0.49% 2.54% 3.16% 1.67% 2.63% -4.85% 0.68% 5.32%
ROIC Less NNEP Spread (ROIC-NNEP)
-1.12% 0.43% 0.55% 3.15% 12.36% 9.36% 8.84% 26.89% 4.11% 11.73%
Return on Net Nonoperating Assets (RNNOA)
-0.57% 0.23% 0.28% 1.01% 2.23% 1.54% 1.59% 5.26% 0.68% 1.85%
Return on Equity (ROE)
-0.69% 1.26% 0.76% 3.55% 5.38% 3.21% 4.22% 0.41% 1.36% 7.18%
Cash Return on Invested Capital (CROIC)
3.07% 0.16% -4.45% -22.23% -1.11% -5.25% -0.97% -10.17% -2.51% -2.08%
Operating Return on Assets (OROA)
-0.11% 1.27% 0.64% 1.70% 1.94% 1.45% 2.22% -4.36% 0.69% 5.15%
Return on Assets (ROA)
-0.30% 0.53% 0.33% 1.60% 2.61% 1.72% 2.32% 0.22% 0.69% 3.65%
Return on Common Equity (ROCE)
-0.69% 1.25% 0.76% 3.53% 5.35% 3.19% 4.21% 0.41% 1.35% 7.16%
Return on Equity Simple (ROE_SIMPLE)
-0.70% 1.25% 0.77% 3.52% 5.28% 3.17% 4.04% 0.41% 1.35% 6.94%
Net Operating Profit after Tax (NOPAT)
-8.40 73 34 151 161 81 121 -213 29 212
NOPAT Margin
-0.22% 1.86% 0.80% 3.67% 3.99% 2.00% 3.04% -5.47% 0.72% 5.26%
Net Nonoperating Expense Percent (NNEP)
1.00% 0.60% -0.06% -0.61% -9.21% -7.69% -6.21% -31.75% -3.43% -6.41%
Return On Investment Capital (ROIC_SIMPLE)
-0.11% 0.94% 0.43% - - - - - - -
Cost of Revenue to Revenue
43.24% 44.24% 47.28% 46.29% 44.41% 44.36% 45.10% 46.35% 46.14% 45.35%
SG&A Expenses to Revenue
35.28% 35.02% 33.77% 32.63% 33.89% 34.96% 34.99% 36.30% 37.09% 37.06%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
57.08% 52.20% 51.07% 49.59% 51.30% 52.86% 50.92% 61.47% 52.66% 46.04%
Earnings before Interest and Taxes (EBIT)
-12 139 69 170 173 112 157 -304 49 348
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
653 795 769 848 856 814 797 311 667 957
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
1.18 0.76 0.39 0.60 0.60 0.74 1.10 0.87 1.02 0.97
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 5.92 1.48 1.81 2.38 2.20 2.69 2.53
Price to Revenue (P/Rev)
1.43 0.90 0.43 0.66 0.65 0.78 1.12 0.82 0.93 0.85
Price to Earnings (P/E)
0.00 65.39 59.23 17.53 11.53 24.58 29.74 266.93 77.26 14.27
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 1.53% 1.69% 5.70% 8.67% 4.07% 3.36% 0.37% 1.29% 7.01%
Enterprise Value to Invested Capital (EV/IC)
1.12 0.85 0.61 0.73 0.66 0.78 1.09 0.90 1.02 0.97
Enterprise Value to Revenue (EV/Rev)
2.04 1.54 1.03 1.18 0.85 0.98 1.28 1.04 1.09 1.00
Enterprise Value to EBITDA (EV/EBITDA)
11.77 7.56 5.57 5.75 4.03 4.82 6.36 12.98 6.52 4.19
Enterprise Value to EBIT (EV/EBIT)
0.00 43.25 62.03 28.71 19.93 35.03 32.28 0.00 88.76 11.53
Enterprise Value to NOPAT (EV/NOPAT)
0.00 82.77 127.60 32.29 21.38 48.72 42.06 0.00 151.63 18.91
Enterprise Value to Operating Cash Flow (EV/OCF)
8.70 6.94 5.14 6.08 2.79 5.42 7.15 8.61 8.68 7.23
Enterprise Value to Free Cash Flow (EV/FCFF)
35.82 516.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.62 0.66 0.70 0.60 0.56 0.36 0.40 0.44 0.45 0.46
Long-Term Debt to Equity
0.62 0.65 0.70 0.60 0.56 0.36 0.39 0.44 0.44 0.46
Financial Leverage
0.51 0.53 0.50 0.32 0.18 0.16 0.18 0.20 0.16 0.16
Leverage Ratio
2.29 2.37 2.34 2.22 2.06 1.86 1.82 1.90 1.96 1.96
Compound Leverage Factor
4.20 1.89 2.45 2.35 2.98 3.07 2.49 1.70 3.29 2.28
Debt to Total Capital
38.29% 39.70% 41.12% 37.39% 35.96% 26.35% 28.48% 30.79% 30.89% 31.47%
Short-Term Debt to Total Capital
0.29% 0.26% 0.17% 0.04% 0.03% 0.14% 0.33% 0.34% 0.21% 0.21%
Long-Term Debt to Total Capital
37.99% 39.44% 40.95% 37.34% 35.93% 26.21% 28.15% 30.45% 30.68% 31.26%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.42% 0.36% 0.36% 0.37% 0.36% 0.42% 0.37% 0.19% 0.21% 0.19%
Common Equity to Total Capital
61.30% 59.94% 58.52% 62.25% 63.68% 73.23% 71.15% 69.03% 68.90% 68.34%
Debt to EBITDA
4.38 3.85 4.16 3.22 2.91 1.86 2.04 5.27 2.44 1.71
Net Debt to EBITDA
3.46 3.09 3.22 2.52 0.91 0.96 0.74 2.65 0.94 0.59
Long-Term Debt to EBITDA
4.34 3.83 4.14 3.22 2.91 1.85 2.01 5.22 2.43 1.70
Debt to NOPAT
-340.36 42.19 95.40 18.07 15.45 18.75 13.47 -7.71 56.79 7.73
Net Debt to NOPAT
-269.17 33.77 73.79 14.14 4.85 9.66 4.86 -3.87 21.96 2.65
Long-Term Debt to NOPAT
-337.74 41.91 95.02 18.05 15.44 18.65 13.32 -7.62 56.41 7.68
Altman Z-Score
1.34 1.19 0.98 1.20 1.39 1.57 2.11 1.60 1.79 1.91
Noncontrolling Interest Sharing Ratio
0.64% 0.61% 0.60% 0.58% 0.57% 0.54% 0.40% 0.29% 0.29% 0.30%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.52 1.55 1.44 1.78 3.01 2.10 2.62 2.02 2.17 2.24
Quick Ratio
1.24 1.23 1.13 1.33 2.61 1.73 2.28 1.70 1.83 1.85
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
215 12 -305 -1,324 -57 -253 -44 -446 -105 -83
Operating Cash Flow to CapEx
164.43% 142.43% 138.21% 110.77% 125.08% 111.38% 138.48% 100.86% 113.09% 95.53%
Free Cash Flow to Firm to Interest Expense
1.17 0.06 -1.87 -7.57 -0.51 -2.30 -0.38 -3.95 -0.93 -0.96
Operating Cash Flow to Interest Expense
4.83 4.42 5.10 4.58 11.04 6.58 6.11 4.15 4.43 6.45
Operating Cash Flow Less CapEx to Interest Expense
1.89 1.32 1.41 0.45 2.21 0.67 1.70 0.04 0.51 -0.30
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.36 0.36 0.39 0.41 0.45 0.52 0.56 0.56 0.56 0.60
Accounts Receivable Turnover
3.94 3.85 3.94 4.03 4.02 4.05 4.36 4.96 5.70 6.56
Inventory Turnover
8.62 7.51 9.08 11.96 11.64 11.74 12.78 13.07 12.83 8.79
Fixed Asset Turnover
1.48 1.50 1.59 1.63 1.73 1.82 1.75 1.62 1.56 1.50
Accounts Payable Turnover
6.65 5.72 5.62 5.28 5.33 5.95 5.90 5.90 6.30 6.28
Days Sales Outstanding (DSO)
92.56 94.80 92.72 90.50 90.78 90.12 83.68 73.66 63.99 55.64
Days Inventory Outstanding (DIO)
42.32 48.58 40.19 30.51 31.35 31.10 28.56 27.94 28.45 41.54
Days Payable Outstanding (DPO)
54.86 63.79 65.00 69.15 68.50 61.38 61.82 61.85 57.89 58.09
Cash Conversion Cycle (CCC)
80.02 79.59 67.90 51.85 53.62 59.84 50.43 39.75 34.55 39.09
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
6,869 7,092 7,031 6,692 5,217 4,999 4,665 4,500 4,267 4,133
Invested Capital Turnover
0.54 0.55 0.61 0.69 0.79 0.83 0.87 0.89 0.95 1.01
Increase / (Decrease) in Invested Capital
-223 61 339 1,475 218 334 165 233 134 295
Enterprise Value (EV)
7,686 6,012 4,280 4,880 3,447 3,923 5,069 4,036 4,349 4,012
Market Capitalization
5,394 3,531 1,777 2,717 2,640 3,121 4,462 3,203 3,708 3,440
Book Value per Share
$53.22 $54.42 $53.44 $52.75 $51.27 $48.72 $47.26 $43.20 $42.84 $42.25
Tangible Book Value per Share
($0.02) ($0.79) ($1.60) $5.32 $20.71 $20.04 $21.79 $17.08 $16.25 $16.10
Total Capital
7,467 7,718 7,782 7,305 6,927 5,731 5,702 5,327 5,274 5,211
Total Debt
2,859 3,064 3,200 2,731 2,491 1,510 1,624 1,640 1,629 1,640
Total Long-Term Debt
2,837 3,044 3,187 2,728 2,489 1,502 1,605 1,622 1,618 1,629
Net Debt
2,261 2,453 2,475 2,136 782 778 586 823 630 562
Capital Expenditures (CapEx)
537 608 602 724 989 650 512 465 443 581
Debt-free, Cash-free Net Working Capital (DFCFNWC)
339 369 268 549 480 546 543 366 265 220
Debt-free Net Working Capital (DFNWC)
483 519 541 705 1,754 831 1,140 768 851 935
Net Working Capital (NWC)
461 499 528 702 1,752 823 1,121 750 840 924
Net Nonoperating Expense (NNE)
24 15 -1.46 -8.89 -72 -52 -43 -228 -20 -35
Net Nonoperating Obligations (NNO)
2,261 2,438 2,449 2,118 781 778 587 813 622 562
Total Depreciation and Amortization (D&A)
665 656 700 678 683 702 640 615 618 609
Debt-free, Cash-free Net Working Capital to Revenue
8.99% 9.45% 6.43% 13.32% 11.89% 13.58% 13.69% 9.41% 6.64% 5.46%
Debt-free Net Working Capital to Revenue
12.81% 13.29% 12.98% 17.10% 43.45% 20.66% 28.74% 19.74% 21.33% 23.20%
Net Working Capital to Revenue
12.23% 12.78% 12.66% 17.03% 43.40% 20.46% 28.26% 19.28% 21.05% 22.92%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
($0.46) $0.64 $0.35 $1.80 $2.66 $1.47 $1.75 $0.14 $0.56 $2.86
Adjusted Weighted Average Basic Shares Outstanding
86M 85M 85M 86M 86M 86M 86M 85M 85M 84.25M
Adjusted Diluted Earnings per Share
($0.46) $0.63 $0.35 $1.77 $2.62 $1.44 $1.72 $0.14 $0.56 $2.84
Adjusted Weighted Average Diluted Shares Outstanding
86M 87M 86M 87M 87M 88M 87M 86M 85M 84.89M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $1.75 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
85M 85M 84.69M 85.88M 86.09M 86.15M 86.31M 85.13M 84.85M 84.32M
Normalized Net Operating Profit after Tax (NOPAT)
102 80 64 172 180 94 114 43 30 62
Normalized NOPAT Margin
2.69% 2.06% 1.53% 4.16% 4.46% 2.34% 2.88% 1.10% 0.76% 1.55%
Pre Tax Income Margin
-0.58% 2.84% 1.73% 4.37% 6.19% 4.60% 5.42% -6.99% 2.06% 10.02%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
-0.07 0.71 0.42 0.97 1.54 1.02 1.35 -2.69 0.43 4.05
NOPAT to Interest Expense
-0.05 0.37 0.21 0.86 1.44 0.73 1.04 -1.88 0.25 2.47
EBIT Less CapEx to Interest Expense
-3.00 -2.39 -3.27 -3.17 -7.29 -4.89 -3.06 -6.81 -3.49 -2.71
NOPAT Less CapEx to Interest Expense
-2.98 -2.73 -3.49 -3.27 -7.39 -5.18 -3.37 -6.00 -3.67 -4.29
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
-15.63% 5.17% 8.57% 1.88% 2.58% 3.01% 3.66% 26.67% 2.04% 2.43%
Augmented Payout Ratio
-184.38% 15.52% 145.71% 21.25% 12.45% 18.80% 3.66% 26.67% 12.24% 5.67%

Quarterly Metrics And Ratios for United States Cellular

This table displays calculated financial ratios and metrics derived from United States Cellular's official financial filings.

Metric Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022 Q3 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
-6.21% -2.90% -4.26% -3.13% -3.65% -4.67% -11.08% -6.82% -2.38% -1.87% 6.59%
EBITDA Growth
-5.56% -16.49% -63.13% 3.09% 10.20% 22.88% 33.13% -8.06% -19.01% -11.56% -20.49%
EBIT Growth
-19.61% -140.91% -257.89% 5.88% 96.15% 181.48% 480.00% -15.00% -63.38% -640.00% -133.33%
NOPAT Growth
-12.91% -121.48% -340.27% 185.88% 61.67% 255.20% 349.71% -67.80% -66.87% -329.50% -132.67%
Net Income Growth
-16.67% -75.00% -439.13% 260.00% 71.43% 159.26% 291.67% -77.27% -73.08% -196.43% -134.29%
EPS Growth
5.00% -64.71% -453.85% 300.00% 33.33% 153.13% 273.33% -80.00% -73.68% -203.23% -139.47%
Operating Cash Flow Growth
-21.18% -17.01% -25.53% -10.32% 395.12% -18.33% 344.59% 30.71% -86.82% 33.33% -75.66%
Free Cash Flow Firm Growth
34.65% 784.32% -18.00% 248.18% 219.33% 91.15% 118.35% 73.84% 63.85% 75.60% 57.70%
Invested Capital Growth
-3.72% -3.14% -2.11% -2.15% -2.58% 0.87% -1.07% 1.78% 2.70% 5.07% 8.39%
Revenue Q/Q Growth
-8.24% 5.31% -0.54% -2.42% -5.00% 3.84% 0.63% -2.94% -6.01% -3.14% 5.45%
EBITDA Q/Q Growth
29.94% 96.25% -60.00% -7.41% 14.89% -13.36% 11.86% -1.02% 28.10% -6.14% -22.75%
EBIT Q/Q Growth
555.56% 90.00% -350.00% -29.41% 131.82% -61.40% 67.65% 30.77% 196.30% -80.00% -137.50%
NOPAT Q/Q Growth
425.40% 90.00% -411.11% -13.97% -19.76% 11.87% 270.16% -51.35% 177.04% -80.00% -147.73%
Net Income Q/Q Growth
400.00% 105.13% -533.33% -25.00% 50.00% -30.43% 360.00% -64.29% 151.85% -125.00% -154.55%
EPS Q/Q Growth
250.00% 106.52% -560.00% 0.00% 17.65% -34.62% 420.00% -66.67% 146.88% -113.33% -160.00%
Operating Cash Flow Q/Q Growth
31.15% -50.20% -21.73% 54.19% 38.10% -55.32% -5.73% 751.22% -77.22% 143.24% -72.28%
Free Cash Flow Firm Q/Q Growth
30.83% 161.08% -52.09% -17.71% 764.86% -131.29% 186.57% 33.74% 50.70% 35.10% -23.38%
Invested Capital Q/Q Growth
-0.89% 1.52% -2.75% -1.61% -0.30% 2.60% -2.78% -2.04% 3.23% 0.63% 0.01%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
60.27% 52.83% 58.46% 57.82% 58.11% 53.80% 57.11% 56.32% 55.88% 51.29% 49.12%
EBITDA Margin
22.90% 16.17% 8.68% 21.58% 22.74% 18.80% 22.53% 20.27% 19.88% 14.59% 15.05%
Operating Margin
4.60% -0.93% -9.76% 3.88% 5.37% 2.20% 5.92% 3.55% 2.64% -2.57% -1.39%
EBIT Margin
4.60% -0.93% -9.76% 3.88% 5.37% 2.20% 5.92% 3.55% 2.64% -2.57% -1.39%
Profit (Net Income) Margin
2.24% 0.41% -8.46% 1.94% 2.53% 1.60% 2.39% 0.52% 1.42% -2.57% -1.11%
Tax Burden Percent
50.00% -28.57% 84.78% 56.25% 46.15% 133.33% 46.00% 20.83% 56.00% 72.97% 80.00%
Interest Burden Percent
97.56% 155.56% 102.22% 88.89% 101.96% 54.55% 87.72% 70.59% 96.15% 137.04% 100.00%
Effective Tax Rate
50.00% 0.00% 0.00% 43.75% 53.85% -33.33% 54.00% 79.17% 44.00% 0.00% 0.00%
Return on Invested Capital (ROIC)
1.23% -0.35% -3.80% 1.19% 1.34% 1.62% 1.55% 0.43% 0.85% -1.09% -0.60%
ROIC Less NNEP Spread (ROIC-NNEP)
1.21% 0.09% -4.47% 1.10% 1.36% 1.08% 1.41% 0.34% 0.83% -1.45% -0.67%
Return on Net Nonoperating Assets (RNNOA)
0.59% 0.04% -2.14% 0.56% 0.74% 0.57% 0.71% 0.18% 0.46% -0.72% -0.32%
Return on Equity (ROE)
1.82% -0.31% -5.94% 1.75% 2.08% 2.19% 2.26% 0.61% 1.32% -1.82% -0.92%
Cash Return on Invested Capital (CROIC)
3.57% 3.07% 0.75% 3.48% 3.74% 0.16% 1.39% -1.58% -2.74% -4.45% -6.98%
Operating Return on Assets (OROA)
1.62% -0.33% -3.49% 1.39% 1.91% 0.79% 2.15% 1.32% 1.00% -1.00% -0.55%
Return on Assets (ROA)
0.79% 0.15% -3.02% 0.69% 0.90% 0.57% 0.87% 0.19% 0.54% -1.00% -0.44%
Return on Common Equity (ROCE)
1.81% -0.30% -5.90% 1.74% 2.06% 2.18% 2.25% 0.60% 1.31% -1.81% -0.92%
Return on Equity Simple (ROE_SIMPLE)
-0.79% 0.00% -0.44% 1.73% 1.46% 0.00% 0.33% -0.44% -0.07% 0.00% 1.96%
Net Operating Profit after Tax (NOPAT)
21 -6.30 -63 20 24 29 26 7.08 15 -19 -11
NOPAT Margin
2.30% -0.65% -6.83% 2.18% 2.48% 2.93% 2.72% 0.74% 1.48% -1.80% -0.97%
Net Nonoperating Expense Percent (NNEP)
0.02% -0.44% 0.68% 0.09% -0.02% 0.55% 0.14% 0.09% 0.02% 0.35% 0.07%
Return On Investment Capital (ROIC_SIMPLE)
0.28% -0.08% - - - 0.38% - - - -0.24% -
Cost of Revenue to Revenue
39.73% 47.17% 41.54% 42.18% 41.89% 46.20% 42.89% 43.68% 44.12% 48.71% 50.88%
SG&A Expenses to Revenue
37.26% 36.35% 35.14% 34.74% 34.84% 34.90% 34.58% 35.63% 34.99% 35.75% 34.07%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
55.67% 53.76% 68.22% 53.94% 52.74% 51.60% 51.19% 52.77% 53.25% 53.86% 50.51%
Earnings before Interest and Taxes (EBIT)
41 -9.00 -90 36 51 22 57 34 26 -27 -15
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
204 157 80 200 216 188 217 194 196 153 163
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
1.28 1.18 1.03 1.01 0.67 0.76 0.80 0.33 0.38 0.39 0.49
Price to Tangible Book Value (P/TBV)
1,469.44 0.00 783.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
1.58 1.43 1.24 1.24 0.80 0.90 0.93 0.37 0.42 0.43 0.53
Price to Earnings (P/E)
0.00 0.00 0.00 66.83 52.58 65.39 281.86 0.00 0.00 59.23 26.51
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield
0.00% 0.00% 0.00% 1.50% 1.90% 1.53% 0.35% 0.00% 0.00% 1.69% 3.77%
Enterprise Value to Invested Capital (EV/IC)
1.19 1.12 1.02 1.01 0.78 0.85 0.87 0.57 0.62 0.61 0.67
Enterprise Value to Revenue (EV/Rev)
2.18 2.04 1.81 1.83 1.43 1.54 1.51 0.99 1.08 1.03 1.11
Enterprise Value to EBITDA (EV/EBITDA)
12.64 11.77 10.06 8.56 6.77 7.56 7.87 5.72 6.17 5.57 5.90
Enterprise Value to EBIT (EV/EBIT)
0.00 0.00 362.31 42.33 33.63 43.25 66.48 224.31 185.98 62.03 46.08
Enterprise Value to NOPAT (EV/NOPAT)
0.00 0.00 0.00 76.30 68.25 82.77 274.78 320.44 0.00 127.60 64.51
Enterprise Value to Operating Cash Flow (EV/OCF)
9.64 8.70 7.58 7.08 5.37 6.94 6.66 6.27 7.94 5.14 5.91
Enterprise Value to Free Cash Flow (EV/FCFF)
32.72 35.82 134.98 28.67 20.59 516.90 61.83 0.00 0.00 0.00 0.00
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.62 0.62 0.63 0.62 0.65 0.66 0.63 0.69 0.72 0.70 0.68
Long-Term Debt to Equity
0.61 0.62 0.62 0.61 0.65 0.65 0.63 0.67 0.72 0.70 0.68
Financial Leverage
0.49 0.51 0.48 0.51 0.54 0.53 0.50 0.53 0.55 0.50 0.47
Leverage Ratio
2.26 2.29 2.30 2.31 2.34 2.37 2.36 2.37 2.37 2.34 2.32
Compound Leverage Factor
2.21 3.56 2.35 2.06 2.38 1.29 2.07 1.67 2.28 3.21 2.32
Debt to Total Capital
38.22% 38.29% 38.61% 38.18% 39.40% 39.70% 38.68% 40.71% 41.89% 41.12% 40.43%
Short-Term Debt to Total Capital
0.35% 0.29% 0.27% 0.26% 0.26% 0.26% 0.24% 0.70% 0.19% 0.17% 0.14%
Long-Term Debt to Total Capital
37.87% 37.99% 38.34% 37.92% 39.14% 39.44% 38.44% 40.01% 41.70% 40.95% 40.29%
Preferred Equity to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital
0.40% 0.42% 0.43% 0.41% 0.40% 0.36% 0.37% 0.36% 0.34% 0.36% 0.21%
Common Equity to Total Capital
61.38% 61.30% 60.96% 61.43% 60.20% 59.94% 60.95% 58.93% 57.77% 58.52% 59.36%
Debt to EBITDA
4.45 4.38 4.24 3.54 3.74 3.85 3.84 4.47 4.58 4.16 3.96
Net Debt to EBITDA
3.42 3.46 3.15 2.74 2.92 3.09 3.01 3.56 3.71 3.22 3.06
Long-Term Debt to EBITDA
4.41 4.34 4.21 3.52 3.72 3.83 3.82 4.40 4.56 4.14 3.95
Debt to NOPAT
-185.39 -340.36 -30.55 31.56 37.73 42.19 134.15 250.71 -598.00 95.40 43.33
Net Debt to NOPAT
-142.47 -269.17 -22.65 24.44 29.48 33.77 105.22 199.68 -484.07 73.79 33.42
Long-Term Debt to NOPAT
-183.70 -337.74 -30.34 31.35 37.48 41.91 133.32 246.43 -595.29 95.02 43.18
Altman Z-Score
1.43 1.34 1.24 1.29 1.13 1.15 1.16 0.95 0.98 0.95 1.01
Noncontrolling Interest Sharing Ratio
0.66% 0.64% 0.65% 0.61% 0.62% 0.61% 0.48% 0.61% 0.60% 0.60% 0.35%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.70 1.52 1.57 1.55 1.67 1.55 1.35 1.49 1.64 1.44 1.52
Quick Ratio
1.37 1.24 1.31 1.29 1.33 1.23 1.08 1.16 1.22 1.13 1.21
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
284 217 83 173 211 -32 101 -117 -176 -358 -552
Operating Cash Flow to CapEx
222.22% 88.41% 189.92% 228.47% 152.63% 95.45% 319.42% 225.16% 20.92% 93.26% 61.16%
Free Cash Flow to Firm to Interest Expense
7.09 4.71 1.69 3.85 4.90 -0.66 2.02 -2.29 -3.75 -7.46 -13.13
Operating Cash Flow to Interest Expense
4.00 2.65 5.00 6.96 4.72 3.06 6.58 6.84 0.87 3.75 1.76
Operating Cash Flow Less CapEx to Interest Expense
2.20 -0.35 2.37 3.91 1.63 -0.15 4.52 3.80 -3.30 -0.27 -1.12
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.35 0.36 0.36 0.36 0.36 0.36 0.36 0.37 0.38 0.39 0.40
Accounts Receivable Turnover
4.00 3.94 4.05 3.97 3.99 3.85 3.89 4.02 4.09 3.94 4.08
Inventory Turnover
8.99 8.62 9.73 9.43 7.74 7.51 8.50 9.21 8.95 9.08 10.50
Fixed Asset Turnover
1.50 1.48 1.49 1.48 1.49 1.50 1.51 1.53 1.58 1.59 1.65
Accounts Payable Turnover
7.28 6.65 4.82 6.55 7.77 5.72 4.76 6.91 8.22 5.62 5.65
Days Sales Outstanding (DSO)
91.32 92.56 90.17 92.01 91.53 94.80 93.86 90.82 89.33 92.72 89.44
Days Inventory Outstanding (DIO)
40.62 42.32 37.53 38.72 47.16 48.58 42.93 39.64 40.79 40.19 34.78
Days Payable Outstanding (DPO)
50.17 54.86 75.73 55.72 46.95 63.79 76.62 52.80 44.42 65.00 64.60
Cash Conversion Cycle (CCC)
81.77 80.02 51.97 75.01 91.75 79.59 60.17 77.67 85.71 67.90 59.62
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
6,808 6,869 6,766 6,957 7,071 7,092 6,912 7,110 7,258 7,031 6,987
Invested Capital Turnover
0.53 0.54 0.56 0.55 0.54 0.55 0.57 0.58 0.58 0.61 0.62
Increase / (Decrease) in Invested Capital
-263 -223 -146 -153 -187 61 -75 124 191 339 541
Enterprise Value (EV)
8,102 7,686 6,884 7,027 5,516 6,012 5,983 4,038 4,464 4,280 4,654
Market Capitalization
5,878 5,394 4,700 4,745 3,103 3,531 3,664 1,494 1,756 1,777 2,227
Book Value per Share
$53.94 $53.22 $53.28 $55.02 $54.80 $54.42 $53.98 $53.98 $53.94 $53.44 $53.63
Tangible Book Value per Share
$0.05 ($0.02) $0.07 ($0.45) ($0.62) ($0.79) ($1.02) ($1.43) ($1.46) ($1.60) ($1.06)
Total Capital
7,470 7,467 7,516 7,613 7,738 7,718 7,552 7,760 7,907 7,782 7,731
Total Debt
2,855 2,859 2,902 2,907 3,049 3,064 2,921 3,159 3,312 3,200 3,126
Total Long-Term Debt
2,829 2,837 2,882 2,887 3,029 3,044 2,903 3,105 3,297 3,187 3,115
Net Debt
2,194 2,261 2,152 2,251 2,382 2,453 2,291 2,516 2,681 2,475 2,411
Capital Expenditures (CapEx)
72 138 129 137 133 154 103 155 196 193 121
Debt-free, Cash-free Net Working Capital (DFCFNWC)
410 339 266 313 393 369 227 360 470 268 333
Debt-free Net Working Capital (DFNWC)
592 483 538 508 578 519 380 546 624 541 587
Net Working Capital (NWC)
566 461 518 488 558 499 362 492 609 528 576
Net Nonoperating Expense (NNE)
0.50 -10 15 2.25 -0.46 13 3.22 2.08 0.56 8.10 1.50
Net Nonoperating Obligations (NNO)
2,193 2,261 2,152 2,251 2,382 2,438 2,281 2,509 2,663 2,449 2,382
Total Depreciation and Amortization (D&A)
163 166 170 164 165 166 160 160 170 180 178
Debt-free, Cash-free Net Working Capital to Revenue
11.05% 8.99% 7.00% 8.15% 10.16% 9.45% 5.74% 8.83% 11.34% 6.43% 7.95%
Debt-free Net Working Capital to Revenue
15.95% 12.81% 14.16% 13.23% 14.94% 13.29% 9.61% 13.40% 15.05% 12.98% 14.01%
Net Working Capital to Revenue
15.25% 12.23% 13.64% 12.71% 14.42% 12.78% 9.15% 12.07% 14.69% 12.66% 13.75%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.21 $0.05 ($0.92) $0.20 $0.21 $0.18 $0.26 $0.05 $0.15 ($0.32) ($0.15)
Adjusted Weighted Average Basic Shares Outstanding
85M 86M 86M 86M 85M 85M 85M 85M 85M 85M 85M
Adjusted Diluted Earnings per Share
$0.21 $0.06 ($0.92) $0.20 $0.20 $0.17 $0.26 $0.05 $0.15 ($0.32) ($0.15)
Adjusted Weighted Average Diluted Shares Outstanding
88M 86M 86M 88M 88M 87M 86M 86M 86M 86M 85M
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
85M 85M 86M 86M 85M 85M 85M 85.27M 84.72M 84.69M 85.22M
Normalized Net Operating Profit after Tax (NOPAT)
21 -5.60 34 28 39 16 41 26 20 -11 -9.80
Normalized NOPAT Margin
2.36% -0.58% 3.64% 2.97% 4.13% 1.61% 4.22% 2.71% 2.04% -1.07% -0.90%
Pre Tax Income Margin
4.49% -1.44% -9.98% 3.45% 5.47% 1.20% 5.19% 2.51% 2.54% -3.53% -1.39%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
1.03 -0.20 -1.84 0.80 1.19 0.46 1.14 0.67 0.55 -0.56 -0.36
NOPAT to Interest Expense
0.51 -0.14 -1.29 0.45 0.55 0.61 0.52 0.14 0.31 -0.39 -0.25
EBIT Less CapEx to Interest Expense
-0.78 -3.20 -4.47 -2.24 -1.91 -2.75 -0.92 -2.37 -3.62 -4.58 -3.24
NOPAT Less CapEx to Interest Expense
-1.29 -3.14 -3.92 -2.59 -2.55 -2.60 -1.54 -2.90 -3.86 -4.41 -3.13
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
-13.89% -15.63% -25.00% 4.94% 5.88% 5.17% 13.33% -15.00% -100.00% 8.57% 4.44%
Augmented Payout Ratio
-222.22% -184.38% -155.00% 4.94% 5.88% 15.52% 113.33% -140.00% -1,200.00% 145.71% 46.67%

Frequently Asked Questions About United States Cellular's Financials

When does United States Cellular's fiscal year end?

According to the most recent income statement we have on file, United States Cellular's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has United States Cellular's net income changed over the last 9 years?

United States Cellular's net income appears to be on a downward trend, with a most recent value of -$32 million in 2024, falling from $247 million in 2015. The previous period was $58 million in 2023. View United States Cellular's forecast to see where analysts expect United States Cellular to go next.

What is United States Cellular's operating income?
United States Cellular's total operating income in 2024 was -$12 million, based on the following breakdown:
  • Total Gross Profit: $2.14 billion
  • Total Operating Expenses: $2.15 billion
How has United States Cellular revenue changed over the last 9 years?

Over the last 9 years, United States Cellular's total revenue changed from $4.03 billion in 2015 to $3.77 billion in 2024, a change of -6.5%.

How much debt does United States Cellular have?

United States Cellular's total liabilities were at $5.84 billion at the end of 2024, a 4.2% decrease from 2023, and a 67.4% increase since 2015.

How much cash does United States Cellular have?

In the past 9 years, United States Cellular's cash and equivalents has ranged from $144 million in 2024 to $1.27 billion in 2020, and is currently $144 million as of their latest financial filing in 2024.

How has United States Cellular's book value per share changed over the last 9 years?

Over the last 9 years, United States Cellular's book value per share changed from 42.25 in 2015 to 53.22 in 2024, a change of 26.0%.



This page (NYSE:USM) was last updated on 5/28/2025 by MarketBeat.com Staff
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