DISCONTINUED OPERATIONS SALE OF U.S. RETAIL WIRELESS BUSINESS (Tables)

9 Months Ended

Sep. 30, 2013

DISCONTINUED OPERATIONS - SALE OF U.S. RETAIL WIRELESS BUSINESS

Schedule of gain on sale of operations

As a result of that approval, the Company completed the sale of certain U.S. retail wireless assets on that date and recorded a gain of approximately $305.2 million calculated as follows (in thousands):

Proceeds:
Received			$	702,000
Escrowed			78,000
Working capital- preliminary			24,138
Working capital- adjusted			(6,703		)
Adjust proceeds			797,435
Less: Net assets sold or impaired:
Assets sold or impaired:
Current assets	51,597
Property, plant and equipment, net	190,970
Telecommunications licenses	50,553
Other intangible assets	37,434
Other assets	13,202
Liabilities sold:
Current liabilities	(40,674	)
Other liabilities	(22,796	)
Net assets sold or impaired			280,286
Less: Transaction related costs			13,517
Pre-tax gain			503,632
Less: Income taxes at effective rate			198,435
Net gain on sale			$	305,197

Schedule of reclassification of assets and liabilities of Alltel operations into discontinued operations

Those assets and liabilities consist of the following (in thousands):

	December 31, 2012		September 30, 2013
Accounts receivable, net	$	34,225	$	—
Materials and supplies	19,047		—
Prepayments and other current assets	5,386		4,923
Property, plant and equipment, net	212,222		—
Telecommunications licenses	50,553		—
Other intangible assets	42,746		—
Other assets	16,586		—
Assets of discontinued operations	$	380,765	$	4,923
Accounts payable and accrued liabilities	$	20,486	$	17,719
Accrued taxes	3,475		—
Advance payments and deposits	11,435		—
Other current liabilities	27,440		—
Other liabilities	11,074		—
Liabilities of discontinued operations	$	73,910	$	17,719

Schedule of revenues and income from discontinued operations

Revenues and income from discontinued operations related to the Alltel business for the three and nine months ended September 30, 2012 and 2013 were as follows (in thousands):

	Three Months Ended September 30,
	2012		2013
Revenue from discontinued operations	$	115,692	$	88,036
Income (loss) from discontinued operations, net of tax expense (benefit) of $5,369 and $(1,020), respectively	8,922		(1,960		)

	Nine Months Ended September 30,
	2012		2013
Revenue from discontinued operations	$	349,703	$	299,519
Income from discontinued operations, net of tax expense of $15,241 and $3,244, respectively	23,428		5,166