MarketCapExport financials
United States Cellular Corporation (USM)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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United States Cellular Corporation Balance Sheet 2025-2007 | USM
Brief overview of United States Cellular Corporation's balance sheet strength
The review uses the five latest available annual reports between 2015 and 2019.
Over the period, assets gained +15.6%, moving from $7.1 billion to $8.2 billion. CAGR near 3.7% shows consistent growth.
Liabilities followed the scale of the balance sheet: +13.3% versus +15.6% for assets. Leverage did not change materially.
The equity-to-assets ratio is 51.4%, compared with 50.4% five periods ago. The balance sheet has a substantial internal cushion.
Net debt to equity stands at 0.29x; the current burden does not look excessive.
Cash equals 3.5% of the balance sheet, compared with 10.1% five periods ago. This is the readily available cushion.
By the end of the period, accumulated earnings were $2.5 billion; the change from the start was +19.6%.
Conclusion
United States Cellular Corporation's balance sheet sends more positive than negative signals, but liabilities should not begin outpacing the capital base.
Annual Balance Sheet United States Cellular Corporation
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net Debt |
572 M | 1.07 B | 3.03 B | 3.05 B | 2.66 B | 1.31 B | 1.22 B | 1.04 B | 1.29 B | 1.04 B | 924 M | 940 M | 536 M | 501 M | 456 M | 591 M | 565 M | - | - |
Long Term Debt |
670 M | 1.2 B | 3.04 B | 3.19 B | 2.73 B | 2.49 B | 1.5 B | 1.6 B | 1.62 B | 1.62 B | 1.63 B | 1.15 B | 878 M | 879 M | 880 M | 868 M | 868 M | - | - |
Long Term Debt Current |
15.3 M | 16.1 M | 135 M | 133 M | 129 M | 116 M | 105 M | - | - | - | - | - | - | - | - | - | - | - | - |
Total Non Current Liabilities |
- | - | - | - | - | - | 3.2 B | 2.52 B | 2.42 B | 2.75 B | 2.74 B | 2.32 B | 2.03 B | 2.04 B | 1.93 B | - | - | - | - |
Total Current Liabilities |
200 M | 884 M | 901 M | 1.2 B | 903 M | 871 M | 750 M | 691 M | 733 M | 718 M | 748 M | 857 M | 1.01 B | 755 M | 722 M | 648 M | 664 M | - | - |
Total Liabilities |
- | - | - | - | - | - | 3.95 B | 3.21 B | 3.15 B | 3.46 B | 3.49 B | 3.17 B | 3.04 B | 2.79 B | 2.65 B | - | - | - | - |
Deferred Revenue |
85.9 M | 1.72 M | 229 M | 239 M | 191 M | 151 M | 148 M | 157 M | 185 M | 190 M | 251 M | 288 M | 257 M | 192 M | 181 M | - | - | - | - |
Retained Earnings |
770 M | 2.82 B | 2.89 B | 2.86 B | 2.85 B | 2.74 B | 2.55 B | 2.44 B | 2.16 B | 2.16 B | 2.13 B | 1.91 B | 2.04 B | 2.4 B | 2.3 B | 2.14 B | 2.02 B | - | - |
Total Assets |
4.68 B | 10.4 B | 10.8 B | 11.1 B | 10.3 B | 9.68 B | 8.16 B | 7.27 B | 6.84 B | 7.11 B | 7.06 B | 6.49 B | 6.45 B | 6.59 B | 6.33 B | 5.88 B | 5.71 B | - | - |
Cash and Cash Equivalents |
113 M | 144 M | 150 M | 273 M | 199 M | 1.29 B | 285 M | 580 M | 352 M | 586 M | 715 M | 212 M | 342 M | 378 M | 424 M | 277 M | 303 M | 174 M | 205 M |
Book Value |
4.68 B | 10.4 B | 10.8 B | 11.1 B | 10.3 B | 9.68 B | 4.21 B | 4.07 B | 3.69 B | 3.64 B | 3.57 B | 3.31 B | 3.41 B | 3.8 B | 3.68 B | 5.88 B | 5.71 B | - | - |
Total Shareholders Equity |
2.57 B | 4.58 B | 4.63 B | 4.55 B | 4.56 B | 4.43 B | 4.2 B | 4.06 B | 3.68 B | 3.63 B | 3.56 B | 3.3 B | 3.39 B | 3.73 B | 3.62 B | 3.49 B | 3.39 B | 3.25 B | 3.23 B |
Annual performance
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All numbers in USD currency
Quarterly Balance Sheet United States Cellular Corporation
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q4 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q4 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Long Term Debt |
667 M | 668 M | 672 M | 2.82 B | 2.83 B | 1.2 B | 2.88 B | 2.89 B | 3.03 B | 3.04 B | 2.9 B | 3.1 B | 3.3 B | 3.19 B | 3.12 B | - | 3.22 B | 2.73 B | 2.6 B | 2.71 B | 2.98 B | 2.49 B | 2.49 B | 2.49 B | 2.49 B | 1.5 B | 1.5 B | 1.5 B | 1.5 B | 1.6 B | 1.6 B | 1.6 B | 1.6 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.62 B | 1.63 B | 1.63 B | 1.63 B | 1.63 B | 1.13 B | 1.15 B | 1.15 B | 1.15 B | 878 M | 878 M | 878 M | 878 M | 879 M | 879 M | 879 M | 879 M | 880 M | 880 M | 880 M | 880 M | 868 M | 868 M |
Deferred Revenue |
27.5 M | 45.2 M | 122 M | 225 M | 231 M | 1.72 M | 225 M | 236 M | 235 M | 229 M | 222 M | 231 M | 229 M | 239 M | 218 M | - | 200 M | 191 M | 161 M | 153 M | 158 M | 151 M | 151 M | 151 M | 151 M | 148 M | 148 M | 148 M | 148 M | 157 M | - | - | - | 185 M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Retained Earnings |
-535 M | 59.3 M | 732 M | 2.8 B | 2.82 B | 2.82 B | 2.81 B | 2.89 B | 2.91 B | 2.89 B | 2.88 B | 2.86 B | 2.87 B | 2.86 B | 2.89 B | - | 2.9 B | 2.85 B | 2.82 B | 2.79 B | 2.8 B | 2.74 B | 2.74 B | 2.74 B | 2.74 B | 2.55 B | 2.55 B | 2.55 B | 2.55 B | 2.44 B | 2.44 B | 2.44 B | 2.44 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.16 B | 2.13 B | 2.13 B | 2.13 B | 2.13 B | 1.91 B | 1.91 B | 1.91 B | 1.91 B | 2.04 B | 2.04 B | 2.04 B | 2.04 B | 2.4 B | 2.4 B | 2.4 B | 2.4 B | 2.3 B | 2.3 B | 2.3 B | 2.3 B | 2.13 B | 2.09 B |
Total Assets |
3.37 B | 3.96 B | 4.92 B | 10.4 B | 10.4 B | 10.4 B | 10.5 B | 10.6 B | 10.7 B | 10.8 B | 10.7 B | 10.9 B | 11 B | 11.1 B | 11.1 B | - | 10.9 B | 10.3 B | 10.1 B | 9.92 B | 10.1 B | 9.68 B | 9.68 B | 9.68 B | 9.68 B | 8.16 B | 8.16 B | 8.16 B | 8.16 B | 7.27 B | 7.27 B | 7.27 B | 7.27 B | 6.84 B | 6.84 B | 6.84 B | 6.84 B | 7.11 B | 7.11 B | 7.11 B | 7.11 B | 7.06 B | 7.06 B | 7.06 B | 7.06 B | 6.46 B | 6.49 B | 6.49 B | 6.49 B | 6.45 B | 6.45 B | 6.45 B | 6.45 B | 6.59 B | 6.59 B | 6.59 B | 6.59 B | 6.33 B | 6.33 B | 6.33 B | 6.33 B | 5.86 B | 5.8 B |
Cash and Cash Equivalents |
416 M | 254 M | 326 M | 386 M | 182 M | 144 M | 288 M | 215 M | 210 M | 150 M | 185 M | 224 M | 200 M | 273 M | 289 M | 355 M | 344 M | 156 M | 263 M | 267 M | 479 M | 1.27 B | 1.27 B | 1.27 B | 1.27 B | 285 M | 285 M | 285 M | 285 M | 580 M | 580 M | 580 M | 580 M | 352 M | 352 M | 352 M | 352 M | 586 M | 586 M | 586 M | 586 M | 715 M | 715 M | 715 M | 715 M | 212 M | 212 M | 212 M | 212 M | 342 M | 342 M | 342 M | 342 M | 378 M | 378 M | 378 M | 378 M | 424 M | 424 M | 424 M | 424 M | 269 M | 233 M |
Book Value |
3.37 B | 3.96 B | 4.92 B | 10.4 B | 10.4 B | 10.4 B | 10.5 B | 10.6 B | 10.7 B | 10.8 B | 10.7 B | 10.9 B | 11 B | 11.1 B | 11.1 B | - | 10.9 B | 10.3 B | 10.1 B | 9.92 B | 10.1 B | 9.68 B | 9.68 B | 9.68 B | 9.68 B | 8.16 B | 8.16 B | 8.16 B | 8.16 B | 7.27 B | 7.27 B | 7.27 B | 7.27 B | 6.84 B | 6.84 B | 6.84 B | 6.84 B | 7.11 B | 7.11 B | 7.11 B | 7.11 B | 7.06 B | 7.06 B | 7.06 B | 7.06 B | 6.46 B | 6.49 B | 6.49 B | 6.49 B | 6.45 B | 6.45 B | 6.45 B | 6.45 B | 6.59 B | 6.59 B | 6.59 B | 6.59 B | 6.33 B | 6.33 B | 6.33 B | 6.33 B | 5.86 B | 5.8 B |
Total Shareholders Equity |
1.27 B | 1.86 B | 2.53 B | 4.6 B | 4.58 B | 4.58 B | 4.6 B | 4.69 B | 4.67 B | 4.63 B | 4.62 B | 4.59 B | 4.58 B | 4.55 B | 4.6 B | 4.62 B | 4.61 B | 4.55 B | 4.54 B | 4.5 B | 4.48 B | 4.41 B | 4.41 B | 4.41 B | 4.41 B | 4.2 B | 4.2 B | 4.2 B | 4.2 B | 4.06 B | 4.06 B | 4.06 B | 4.06 B | 3.68 B | 3.68 B | 3.68 B | 3.68 B | 3.63 B | 3.63 B | 3.63 B | 3.63 B | 3.56 B | 3.56 B | 3.56 B | 3.56 B | 3.3 B | 3.3 B | 3.3 B | 3.3 B | 3.39 B | 3.39 B | 3.39 B | 3.39 B | 3.73 B | 3.73 B | 3.73 B | 3.73 B | 3.62 B | 3.62 B | 3.62 B | 3.62 B | 3.48 B | 3.46 B |
Quarterly performance
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All numbers in USD currency
Balance Sheet is a fundamental financial report of United States Cellular Corporation, providing a complete picture of the company’s financial position at a specific point in time. Unlike the income statement, which records the results of operations over a certain period, the balance sheet shows what assets the company owns, what liabilities it has to creditors, and what equity is available to the owners.
For an investor, the balance sheet is important because it allows assessing the company’s financial stability, understanding how much debt it carries, and how dependent it is on borrowed financing. It helps calculate key liquidity and leverage ratios. When analyzing, attention should be paid to the debt-to-equity ratio (Debt/Equity), the amount of cash on the balance sheet, and the ratio of current liabilities to liquid assets.
Features of balance sheet analysis- Vertical and horizontal analysis
Vertical analysis shows the structure of the balance sheet as a percentage of total assets or liabilities, while horizontal analysis shows the dynamics of changes over multiple periods. - Asset quality
It is important to evaluate not only the amount of assets but also their liquidity and realizability. - Accounting for off-balance sheet liabilities
Some liabilities may not be directly reflected in the balance sheet, which requires additional attention.
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