Company: UZF
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000821130-25-000032
Chunk: 135

Company: ARRAY DIGITAL INFRASTRUCTURE, INC.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 8
Chunk 135
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 these consolidated financial statements.

29

United States Cellular Corporation

Consolidated Balance Sheet — Liabilities and Equity

 (Unaudited)

March 31, 2025December 31, 2024(Dollars and shares in millions, except per share amounts)Current liabilitiesCurrent portion of long-term debt$26 $22 Accounts payableAffiliated9 10 Trade198 232 Customer deposits and deferred revenues231 238 Accrued taxes57 30 Accrued compensation33 93 Short-term operating lease liabilities140 141 Other current liabilities113 118 Total current liabilities807 884 Deferred liabilities and creditsDeferred income tax liability, net720 728 Long-term operating lease liabilities824 822 Other deferred liabilities and credits570 570 Long-term debt, net2,829 2,837 Commitments and contingenciesNoncontrolling interests with redemption features16 16 EquityUScellular shareholders’ equitySeries A Common and Common SharesAuthorized 190 shares (50 Series A Common and 140 Common Shares)Issued 88 shares (33 Series A Common and 55 Common Shares)Outstanding 85 shares (33 Series A Common and 52 Common Shares) Par Value ($1.00 per share) ($33 Series A Common and $55 Common Shares)88 88 Additional paid-in capital1,800 1,783 Treasury shares, at cost, 3 Common Shares(125)(112)Retained earnings2,822 2,818 Total UScellular shareholders' equity4,585 4,577 Noncontrolling interests14 15 Total equity4,599 4,592 Total liabilities and equity1$10,365 $10,449 

The accompanying notes are an integral part of these consolidated financial statements.

1     The consolidated total assets as of March 31, 2025 and December 31, 2024, include assets held by consolidated variable interest entities (VIEs) of $1,050 million and $1,011 million, respectively, which are not available to be used to settle the obligations of UScellular. The consolidated total liabilities as of March 31, 2025 and December 31, 2024, include certain liabilities of consolidated VIEs of $26 million and $27 million, respectively, for which the creditors of the VIEs have no recourse to the general credit of UScellular. See Note