Investments In Unconsolidated Entities

3 Months Ended

Mar. 31, 2015

Disclosure Text Block

Investments in Unconsolidated Entities

8. Investments in Unconsolidated Entities

Investments in unconsolidated entities consist of amounts invested in wireless and wireline entities in which TDS holds a noncontrolling interest. These investments are accounted for using either the equity or cost method.

Equity in earnings of unconsolidated entities totaled $34.6 million and $37.3 million in the three months ended March 31, 2015 and 2014, respectively; of those amounts, TDS' investment in the Los Angeles SMSA Limited Partnership (“LA Partnership”) contributed $19.9 million and $21.2 million in the three months ended March 31, 2015 and 2014, respectively. TDS held a 5.5% ownership interest in the LA Partnership during these periods.

	The following table, which is based on information provided in part by third parties, summarizes the combined results of operations of TDS’ equity method investments.
		Three Months Ended March 31,
		2015		2014
(Dollars in thousands)
Revenues		$	1,735,340	$	1,625,765
Operating expenses			1,291,512		1,142,073
Operating income			443,828		483,692
Other income, net			4,470		1,835
Net income		$	448,298	$	485,527