United States Cellular Corporat (UZD) 10-Q 2005 Q2 Quarterly report

Exhibit 99.1

UNITED STATES CELLULAR CORPORATION AND SUBSIDIARIES
CONSOLIDATED STATEMENT OF OPERATIONS
Unaudited

Pursuant to Section 11(a) of the Securities Act of 1933, as amended, and Rule 158 thereunder, set forth below is an earnings statement covering the twelve month period ended June 30, 2005.

	Twelve Months Ended June 30, 2005
	(Dollars in thousands)
OPERATING REVENUES
Service	$	2,725,553
Equipment sales		192,548
Total Operating Revenues		2,918,101
OPERATING EXPENSES
System operations (excluding depreciation shown separately)		568,463
Cost of equipment sold		500,752
Selling, general and administrative		1,156,540
Depreciation		469,995
Amortization and accretion		45,521
(Gain) on assets held for sale		(10,081	)
Total Operating Expenses		2,731,190
OPERATING INCOME		186,911
Investment income		65,909
Interest and dividend income		14,700
Interest (expense)		(87,157	)
Gain on investments		26,817
Other (expense), net		(2,988	)
		17,281
INCOME BEFORE INCOME TAXES AND MINORITY INTEREST		204,192
Income tax expense		77,777
INCOME BEFORE MINORITY INTEREST		126,415
Minority share of income		(9,776	)
NET INCOME	$	116,639