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/FIRST AND FINAL ADD -- NY077 -- UNITED STATES CELLULAR CORP./

 UNITED STATES CELLULAR CORP. FINANCIAL HIGHLIGHTS
 (Unaudited, dollars in thousands, except per share amounts)
 Twelve months ended Increase (Decrease)
 12/31/92 12/31/91 Amount Pct.
 Service revenues $ 154,822 $ 91,977 $ 62,845 68.3
 Operating expenses 159,479 102,733 56,746 55.2
 Service
 operating (loss) (4,657) (10,756) 6,099 56.7
 Equipment sales 9,263 7,500 1,763 23.5
 Costs of equipment
 sold 17,311 13,575 3,736 27.5
 Equipment sales
 (loss) (8,048) (6,075) (1,973) (32.5)
 Operating (loss) before
 minority share (12,705) (16,831) 4,126 24.5
 Minority share of
 operating (income) (2,615) (1,467) (1,148) (78.3)
 Operating (loss) (15,320) (18,298) 2,978 16.3
 Investment income,
 Net of license
 cost amortization 11,859 6,871 4,988 72.6
 Gain on sale of
 cellular interest 31,396 557 30,839 N/M
 Other income 341 2,934 (2,593) (88.4)
 Interest expense (20,095) (16,421) (3,674) (22.4)
 Income tax expense (1,987) (16) (1,971) N/M
 Net income (loss) before
 cumulative effect of
 a change in accounting
 principle 6,194 (24,373) 30,567 125.4
 Cumulative effect
 of a change in
 accounting principle -- (10,269) 10,269 N/M
 Net income (loss) $ 6,194 $(34,642) $40,836 117.9
 Weighted average common
 and series A common
 Shares (000s) 57,778 38,715 19,063 49.2
 Income (loss) per common share:
 Before cumulative effect
 of a change in accounting
 principle $ .11 $ (.63) $ .74 117.5
 Cumulative Effect of
 a Change in Accounting
 principle -- (.26) .26 N/M
 Net income (loss) $ .11 $ (.89) $ 1.00 112.4
 Operating Cash Flow $16,934 $ 2,438 $14,496 N/M
 Consolidated net
 revenue subscriber 150,800 97,000 53,800 55.5
 Total net revenue
 subscribers in
 all managed markets 182,500 115,000 67,500 58.7
 N/M --- Percent change not meaningful.
 UNITED STATES CELLULAR CORPORATION FINANCIAL HIGHLIGHTS
 (Unaudited -- Dollars in thousands, except per share amounts)
 Three months ended Increase (Decrease)
 12/31/92 12/31/91 Amount Pct.
 Service revenues $ 45,099 $ 28,272 $ 16,827 59.5
 Operating expenses 48,482 33,735 14,747 43.7
 Service
 operating (loss) (3,383) (5,463) 2,080 38.1
 Equipment sales 2,980 2,487 493 19.9
 Costs of equipment
 sold 6,204 4,515 1,689 37.4
 Equipment sales
 (loss) (3,224) (2,028) (1,196) (59.0)
 Operating (loss) before
 Minority share (6,607) (7,491) 884 11.8
 Minority share of
 Operating (income) (349) (220) (129) (58.3)
 Operating (loss) (6,956) (7,711) 755 9.8
 Investment income,
 Net of license
 cost amortization 2,820 2,278 542 23.8
 Gain on sale of
 cellular interest 17,065 311 16,754 N/M
 Other income 404 797 (393) (49.4)
 Interest expense (5,526) (4,079) (1,447) (35.5)
 Income tax benefit
 (expense) 128 (6) 134 N/M
 Net income (loss) $ 7,935 $(8,410) $16,345 194.4
 Weighted average common
 and Series A common
 Shares (000s) 59,557 46,495 13,062 28.1
 Net income (loss)
 per common share $ .13 $ (.18) $ .31 173.7
 Operating cash flow $ 1,817 $ (254) $ 2,071 N/M
 Consolidated net
 revenue subscriber 150,800 97,000 53,800 55.5
 Three Month Additions,
 excluding acquisitions
 and divestitures 18,500 11,800 6,700 56.8
 Total net revenue
 subscribers in
 all managed markets 182,500 115,000 67,500 58.7
 N/M -- Percent change not meaningful
 -0- 2/22/93
 /CONTACT: Kenneth R. Meyers, vice president-finance of United States Cellular Corp, 312-399-8900/
 /PRNewswire -- Feb. 22/
 /END FIRST AND FINAL ADD/
 (USM)


CO: United States Cellular Corp. ST: Illinois IN: TLS SU: ERN

WB -- NY077A -- 9125 02/22/93 18:03 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Feb 22, 1993
Words:648
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