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Investments In Unconsolidated Entities
12 Months Ended
Dec. 31, 2010
Notes To The Financial Statements [Abstract] 
Investments in Unconsolidated Entities

NOTE 9 INVESTMENTS IN UNCONSOLIDATED ENTITIES

 

Investments in unconsolidated entities consist of amounts invested in wireless and wireline entities which are accounted for using either the equity or cost method as shown in the following table:

 December 31,2010 2009
 (Dollars in thousands)       
 Equity method investments:       
  Capital contributions, loans and advances $33,000  $32,244 
  Goodwill (1) 1,171   6,630 
  Cumulative share of income  889,039   798,670 
  Cumulative share of distributions  (740,557)  (649,314)
    182,653   188,230 
 Cost method investments  15,269   15,569 
 Total investments in unconsolidated entities$197,922  $203,799 

  • $5,459 reclassified from Investments in unconsolidated entities to Goodwill in 2010.

 

Equity in earnings of unconsolidated entities totaled $98.1 million, $90.7 million and $89.8 million in 2010, 2009 and 2008, respectively; of those amounts, TDS' investment in the Los Angeles SMSA Limited Partnership (“LA Partnership”) contributed $64.8 million, $64.7 million and $66.1 million in 2010, 2009 and 2008, respectively. TDS held a 5.5% ownership interest in the LA Partnership throughout and at the end of each of these years.

 

The following tables, which are based on information provided in part by third parties, summarize the combined assets, liabilities and equity, and the combined results of operations of TDS' equity method investments:

 

 December 31,2010 2009
 (Dollars in thousands)     
 Assets     
  Current $444,000 $452,000
  Due from affiliates  377,000  468,000
  Property and other  2,016,000  1,921,000
   $2,837,000 $2,841,000
 Liabilities and Equity     
  Current liabilities $279,000 $251,000
  Deferred credits 73,000  71,000
  Long-term liabilities 38,000  40,000
  Long-term capital lease obligations 44,000  43,000
  Partners’ capital and stockholders’ equity  2,403,000  2,436,000
   $2,837,000 $2,841,000

 Year Ended December 31,2010 2009 2008
 (Dollars in thousands)        
 Results of Operations        
  Revenues $ 4,972,000 $ 4,815,000 $ 4,784,000
  Operating expenses   3,568,000   3,437,000   3,376,000
  Operating income   1,404,000   1,378,000   1,408,000
  Other income (expense)   37,000   42,000   26,000
  Net income $ 1,441,000 $ 1,420,000 $ 1,434,000