Supplemental Cash Flow Disclosures

9 Months Ended

Sep. 30, 2012

Disclosure Text Block

Supplemental Cash Flow Disclosures

14. Supplemental Cash Flow Disclosures

Following are supplemental cash flow disclosures regarding transactions related tostock-based compensation awards:

TDS
	Nine Months Ended
	September 30,
	2012		2011
(Dollars and shares in thousands)
Common Shares withheld (1)		-		-
Special Common Shares withheld (1)		1		5
Aggregate value of Common Shares withheld	$	5	$	-
Aggregate value of Special Common Shares withheld		33		167
Cash receipts upon exercise of stock options	$	16	$	1,462
Cash disbursements for payment of taxes (2)		(39)		(60)
Net cash receipts (disbursements) from exercise of stock options and vesting of other stock awards	$	(23)	$	1,402

U.S. Cellular
	Nine Months Ended
	September 30,
	2012		2011
(Dollars and shares in thousands)
Common Shares withheld (1)		78		120
Aggregate value of Common Shares withheld	$	3,076	$	5,942
Cash receipts upon exercise of stock options	$	793	$	5,258
Cash disbursements for payment of taxes (2)		(3,092)		(3,503)
Net cash receipts (disbursements) from exercise of stock options and vesting of other stock awards	$	(2,299)	$	1,755

• Such shares were withheld to cover the exercise price of stock options, if applicable, and required tax withholdings.
• In certain situations, TDS and U.S. Cellular withhold 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. TDS and U.S. Cellular then pay the amount of the required tax withholdings to the taxing authorities in cash.

Under the American Recovery and Reinvestment Act of 2009, (“the Recovery Act”), TDS Telecom was awarded $105.1 million in federal grants and will provide $30.9 million of its own funds to complete 44 projects to provide broadband access in unserved areas. TDS Telecom received $8.6 million in grants during the nine months ended September 30, 2012. These funds reduced the carrying amount of the assets to which they relate. TDS Telecom had recorded $13.3 million and $7.7 million in grants receivable at September 30,2012 and 2011, respectively. These amounts were included as a component of Accounts receivable, Other, in the Consolidated Balance Sheet.

TDS declared and paid dividends of $39.9million or $0.3675 per share during the nine monthsended September 30, 2012. TDS declared and paid dividends of $36.5 million or $0.3525 per share during the nine monthsended September 30, 2011.