United States Cellular Corporation (USM)

United States Cellular Income Statement

Financials in millions USD. Fiscal year is January - December.

Year	2023	2022	2021	2020	2019
Revenue	3,906	4,169	4,122	4,037	4,022
Revenue Growth (YoY)	-6.31%	1.14%	2.11%	0.37%	1.39%
Cost of Revenue	1,728	1,971	1,908	1,793	1,784
Gross Profit	2,178	2,198	2,214	2,244	2,238
Selling, General & Admin	1,368	1,408	1,345	1,368	1,406
Other Operating Expenses	671	721	699	703	720
Operating Expenses	2,039	2,129	2,044	2,071	2,126
Operating Income	139	69	170	173	112
Interest Expense / Income	196	163	175	112	110
Other Expense / Income	-164	-161	-180	-185	-177
Pretax Income	107	67	175	246	179
Income Tax	53	37	20	17	52
Net Income	54	30	155	229	127
Net Income Growth	80.00%	-80.65%	-32.31%	80.31%	-15.33%
Shares Outstanding (Basic)	85	85	86	86	86
Shares Outstanding (Diluted)	87	86	87	87	88
Shares Change	1.16%	-1.15%	-	-1.14%	1.15%
EPS (Basic)	0.64	0.35	1.80	2.66	1.47
EPS (Diluted)	0.63	0.35	1.77	2.62	1.44
EPS Growth	80.00%	-80.23%	-32.44%	81.94%	-16.28%
Free Cash Flow	258	230	78	248	74
Free Cash Flow Per Share	3.04	2.71	0.91	2.88	0.86
Gross Margin	55.76%	52.72%	53.71%	55.59%	55.64%
Operating Margin	3.56%	1.66%	4.12%	4.29%	2.78%
Profit Margin	1.38%	0.72%	3.76%	5.67%	3.16%
Free Cash Flow Margin	6.61%	5.52%	1.89%	6.14%	1.84%
Effective Tax Rate	49.53%	55.22%	11.43%	6.91%	29.05%
EBITDA	959	930	1,028	1,041	991
EBITDA Margin	24.55%	22.31%	24.94%	25.79%	24.64%
Depreciation & Amortization	656	700	678	683	702
EBIT	303	230	350	358	289
EBIT Margin	7.76%	5.52%	8.49%	8.87%	7.19%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).