USM » Topics » NOTE 20 SUPPLEMENTAL CASH FLOW DISCLOSURES

This excerpt taken from the USM 10-Q filed May 6, 2009.

14.       Supplemental Cash Flow Disclosures

 

The following represents cash flow information related to the issuance of Common Shares pursuant to stock-based compensation awards:

 

 

 

Three Months Ended
March 31,

 

 

 

2009

 

2008

 

 

 

(Dollars in thousands)

 

Common Shares withheld(1)

 

1

 

145,827

 

Aggregate value of Common Shares withheld

 

$

 

$

8,626

 

 

 

 

 

 

 

Cash receipts upon exercise of stock options

 

356

 

607

 

Cash disbursements for payment of taxes(2)

 

 

(3,133

)

Net cash receipts (disbursements) from exercise of stock options and vesting of other stock awards

 

$

356

 

$

(2,526

)

 


(1)          Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

(2)          In certain situations, U.S. Cellular withholds shares that are issuable upon the exercise of stock options or the vesting of restricted shares to cover, and with a value equivalent to, the exercise price and/or the amount of taxes required to be withheld from the stock award holder at the time of the exercise or vesting.  U.S. Cellular then pays the amount of the required tax withholdings to the taxing authorities in cash.

 

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Table of Contents

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

United States Cellular Corporation (“U.S. Cellular®”) owns, operates and invests in wireless markets throughout the United States. U.S. Cellular is an 81%-owned subsidiary of Telephone and Data Systems, Inc. (“TDS™”) as of March 31, 2009.

 

The following discussion and analysis should be read in conjunction with U.S. Cellular’s interim consolidated financial statements included in Item 1 above, and with its audited consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in its Annual Report on Form 10-K (‘Form 10-K’) for the year ended December 31, 2008.

 

This excerpt taken from the USM 10-Q filed Nov 5, 2008.

16.  Supplemental Cash Flow Disclosures

 

U.S. Cellular withheld 287,609 and 544,000 Common Shares with an aggregate value of $16.9 million and $43.5 million during the nine months ended September 30, 2008 and 2007, respectively, from employees who exercised stock options or who received vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

 

20



Table of Contents

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

United States Cellular Corporation (“U.S. Cellular®”) owns, operates and invests in wireless markets throughout the United States. U.S. Cellular is an 81%-owned subsidiary of Telephone and Data Systems, Inc. (“TDS”) as of September 30, 2008.

 

The following discussion and analysis should be read in conjunction with U.S. Cellular’s interim consolidated financial statements included in Item 1 above, and with its audited consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in its Annual Report on Form 10-K (‘Form 10-K’) for the year ended December 31, 2007.

 

This excerpt taken from the USM 10-Q filed Aug 7, 2008.

17.       Supplemental Cash Flow Disclosures

 

U.S. Cellular withheld 217,535 and 483,543 Common Shares with an aggregate value of $12.8 million and $37.6 million during the six months ended June 30, 2008 and 2007, respectively, from employees who exercised stock options or who received vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

 

18



Table of Contents

 

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

United States Cellular Corporation (“U.S. Cellular”) owns, operates and invests in wireless markets throughout the United States. U.S. Cellular is an 80.9%-owned subsidiary of Telephone and Data Systems, Inc. (“TDS”) as of June 30, 2008.

 

The following discussion and analysis should be read in conjunction with U.S. Cellular’s interim consolidated financial statements included in Item 1 above, and with its audited consolidated financial statements and Management’s Discussion and Analysis of Financial Condition and Results of Operations included in its Annual Report on Form 10-K (“Form 10-K”) for the year ended December 31, 2007.

 

This excerpt taken from the USM 10-Q filed May 7, 2008.

15.       Supplemental Cash Flow Disclosures

 

U.S. Cellular withheld 145,827 and 6,950 Common Shares with an aggregate value of $8.6 million and $0.5 million in the three months ended March 31, 2008 and 2007, respectively, from employees who exercised stock options or who received a distribution of vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

 

16



 

This excerpt taken from the USM DEF 14A filed Apr 15, 2008.

NOTE 20    SUPPLEMENTAL CASH FLOW DISCLOSURES

        Following are supplemental cash flow disclosures regarding interest paid and income taxes paid and certain noncash transactions:

Year Ended December 31,

  2007
  2006
  2005
(Dollars in thousands)
   
   
   
Interest paid   $ 84,095   $ 91,677   $ 83,558
Income taxes paid   $ 212,578   $ 147,743   $ 57,691
Net assets acquired in exchange of business assets   $   $   $ 106,757

        U.S. Cellular withheld 716,446, 54,537 and 19,147 Common Shares with an aggregate value of $60.0 million, $3.2 million and $0.9 million in 2007, 2006 and 2005, respectively, from employees who exercised stock options or who received a distribution of vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

This excerpt taken from the USM ARS filed Apr 15, 2008.

NOTE 20    SUPPLEMENTAL CASH FLOW DISCLOSURES

        Following are supplemental cash flow disclosures regarding interest paid and income taxes paid and certain noncash transactions:

Year Ended December 31,

  2007
  2006
  2005
(Dollars in thousands)
   
   
   
Interest paid   $ 84,095   $ 91,677   $ 83,558
Income taxes paid   $ 212,578   $ 147,743   $ 57,691
Net assets acquired in exchange of business assets   $   $   $ 106,757

        U.S. Cellular withheld 716,446, 54,537 and 19,147 Common Shares with an aggregate value of $60.0 million, $3.2 million and $0.9 million in 2007, 2006 and 2005, respectively, from employees who exercised stock options or who received a distribution of vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

These excerpts taken from the USM 10-K filed Feb 29, 2008.

NOTE 20    SUPPLEMENTAL CASH FLOW DISCLOSURES

        Following are supplemental cash flow disclosures regarding interest paid and income taxes paid and certain noncash transactions:

Year Ended December 31,

  2007
  2006
  2005
(Dollars in thousands)
   
   
   
Interest paid   $ 84,095   $ 91,677   $ 83,558
Income taxes paid   $ 212,578   $ 147,743   $ 57,691
Net assets acquired in exchange of business assets   $   $   $ 106,757

        U.S. Cellular withheld 716,446, 54,537 and 19,147 Common Shares with an aggregate value of $60.0 million, $3.2 million and $0.9 million in 2007, 2006 and 2005, respectively, from employees who exercised stock options or who received a distribution of vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.

NOTE 20    SUPPLEMENTAL CASH FLOW DISCLOSURES



        Following are supplemental cash flow disclosures regarding interest paid and income taxes paid and certain noncash transactions:



























































Year Ended December 31,

 2007
 2006
 2005
(Dollars in thousands)
  
  
  
Interest paid $84,095 $91,677 $83,558
Income taxes paid $212,578 $147,743 $57,691
Net assets acquired in exchange of business assets $ $ $106,757




        U.S.
Cellular withheld 716,446, 54,537 and 19,147 Common Shares with an aggregate value of $60.0 million, $3.2 million and $0.9 million in 2007, 2006 and 2005,
respectively, from employees who exercised stock options or who received a distribution of vested restricted stock awards. Such shares were withheld to cover the exercise price of stock options, if
applicable, and required tax withholdings.



This excerpt taken from the USM DEF 14A filed Apr 25, 2007.

NOTE 19 SUPPLEMENTAL CASH FLOW DISCLOSURES

Following are supplemental cash flow disclosures regarding interest paid and income taxes paid (refunds received) and certain noncash transactions:

Year Ended December 31,

 

 

 

2006

 

2005

 

2004

 

(Dollars in thousands)

 

 

 

 

 

 

 

Interest paid

 

$

91,677

 

$

83,558

 

$

83,656

 

Income taxes paid (refunds received)

 

$

147,743

 

$

57,691

 

$

(28,955

)

Net assets acquired in exchange of business assets

 

$

 

$

106,757

 

$

 

 

This excerpt taken from the USM 10-K filed Apr 23, 2007.

NOTE 19 SUPPLEMENTAL CASH FLOW DISCLOSURES

Following are supplemental cash flow disclosures regarding interest paid and income taxes paid (refunds received) and certain noncash transactions:

Year Ended December 31,

 

 

 

2006

 

2005

 

2004

 

(Dollars in thousands)

 

 

 

 

 

 

 

Interest paid

 

$

91,677

 

$

83,558

 

$

83,656

 

Income taxes paid (refunds received)

 

$

147,743

 

$

57,691

 

$

(28,955

)

Net assets acquired in exchange of business assets

 

$

 

$

106,757

 

$

 

 

This excerpt taken from the USM 10-K filed Feb 23, 2007.

NOTE 9 SUPPLEMENTAL CASH FLOW DISCLOSURES

Following are supplemental cash flow disclosures regarding interest paid and income taxes paid (refunds received):

Year Ended December 31,
(Dollars in thousands)

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

Interest paid

 

$

83,558

 

$

83,656

 

$

51,954

 

Income taxes paid (refunds received)

 

$

57,691

 

$

(28,955

)

$

(29,621

)

Net assets acquired in exchange of business assets

 

$

106,757

 

 

$

181,608

 

 

This excerpt taken from the USM 10-K filed Apr 26, 2006.

NOTE 10 SUPPLEMENTAL CASH FLOW DISCLOSURES

 

Following are supplemental cash flow disclosures regarding interest and income taxes paid and certain noncash transactions:

 

Year Ended December 31,

 

2004

 

2003

 

2002

 

(Dollars in thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest paid

 

$

83,656

 

$

51,954

 

$

36,431

 

Income taxes paid (refunds received)

 

(28,955

)

(29,621

)

33,446

 

9% Series A notes issued for Chicago acquisition

 

$

 

$

 

$

175,000

 

 

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