Revision of Prior Period Amounts

9 Months Ended

Sep. 30, 2012

Disclosure Text Block

Revision of Prior Period Amounts

2. Revision of Prior Period Amounts

In preparing its Consolidated Statement of Cash Flows for the year ended December 31, 2011, TDS discovered certain errors related to the classification of outstanding checks with the right of offset and the classification of Accounts payable for Additions to property, plant and equipment. These errors resulted in the misstatement of Cash and cash equivalents and Accounts payable as of December 31, 2010 and each quarterly period in 2011, and the misstatement of Cash flows from operating activities and Cash flows from investing activities for the years ended December 31, 2010 and 2009 and each of the quarterly periods in 2011 and 2010. In accordance with SEC Staff Accounting Bulletin Nos. 99 and 108 ("SAB 99" and "SAB 108"), TDS evaluated these errors and determined that they were immaterial to each of the reporting periods affected and, therefore, amendment of previously filed reports was not required. However, in order to provide consistency in the Consolidated Statement of Cash Flows and as permitted by SAB 108, revisions for these immaterial amounts to previously reported amounts were reflected in the financial information as of and for the periods ended December 31, 2011,and are reflected in the financial information herein.

In accordance with SAB 108, theeffects of the foregoing revision to theConsolidated Statement of Cash Flows were as follows:

Consolidated Statement of Cash Flows -- Nine Months Ended September 30, 2011
			As previously
	(Dollars in thousands)		reported (1)		Adjustment		Revised
	Change in Accounts payable	$	69,929	$	(32,560)	$	37,369
	Change in Other assets and liabilities		(74,673)		(1,504)		(76,177)
	Cash flows from operating activities		973,265		(34,064)		939,201
	Cash used for additions to property, plant and equipment		(643,396)		41,636		(601,760)
	Cash flows from investing activities		(584,597)		41,636		(542,961)
	Net increase (decrease) in cash and cash equivalents		231,411		7,572		238,983

• In Quarterly Report on Form 10-Q for the period ended September 30, 2011, filed on November 9, 2011.