U.S. Cellular Q4 2020 Earnings Report
Key Takeaways
UScellular reported Q4 2020 total operating revenues of $1,073 million, compared to $1,052 million in the same period last year. Net income attributable to UScellular shareholders was $5 million ($0.06 per share) for Q4 2020, down from $18 million ($0.20 per share) in Q4 2019.
UScellular successfully navigated the challenges of 2020, ending the year with strong results.
The company maintained high levels of customer satisfaction and grew retail net additions despite the pandemic.
Growth in operating revenue, combined with operational and cost discipline, contributed to an increase in full-year profitability.
Network modernization program and investments in 5G continued, managing to keep system expenses in check despite significant increases in data usage.
U.S. Cellular
U.S. Cellular
U.S. Cellular Revenue by Segment
Forward Guidance
UScellular's current estimates of full-year 2021 results are shown below. Such estimates represent management’s view as of February 18, 2021 and should not be assumed to be current as of any future date. UScellular undertakes no duty to update such estimates, whether as a result of new information, future events or otherwise. There can be no assurance that final results will not differ materially from estimated results.
Positive Outlook
- Service revenues are estimated to be between $3,025 million and $3,125 million.
- Adjusted OIBDA is projected to be between $800 million and $950 million.
- Adjusted EBITDA is expected to range from $975 million to $1,125 million.
Challenges Ahead
- Capital expenditures are anticipated to be between $775 million and $875 million.