United States Cellular Corporation (USM) — Capital Reinvestment Ratio
United States Cellular Corporation (USM) has a Capital Reinvestment Ratio of 0.24x as of June 2025, meaning it reinvests 0% of its operating cash flow ($325.00 Million) in capital expenditures ($77.00 Million). See USM net asset quality score to measure how much of total assets are equity-financed.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
United States Cellular Corporation Capital Reinvestment Ratio (1992–2024)
This chart tracks United States Cellular Corporation's Capital Reinvestment Ratio across 33 annual periods. Check USM capex plus investments ratio to assess the company's total reinvestment commitment from operating cash flow.
Annual Capital Reinvestment Ratio for United States Cellular Corporation (1992–2024)
Year-by-year Capital Reinvestment Ratio for United States Cellular Corporation from 1992 to 2024. For live market cap and broader valuation context, see USM market cap overview.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2024 | 0.61x | $883.00 Million | $537.00 Million | ▼ -28.6% |
| 2023 | 0.85x | $866.00 Million | $738.00 Million | ▼ -40.3% |
| 2022 | 1.43x | $832.00 Million | $1.19 Billion | ▼ -44.1% |
| 2021 | 2.55x | $802.00 Million | $2.05 Billion | ▲ +165.2% |
| 2020 | 0.96x | $1.24 Billion | $1.19 Billion | ▼ -24.0% |
| 2019 | 1.27x | $724.00 Million | $916.00 Million | ▲ +72.5% |
| 2018 | 0.73x | $709.00 Million | $520.00 Million | ▼ -47.4% |
| 2017 | 1.39x | $469.00 Million | $654.00 Million | ▲ +40.9% |
| 2016 | 0.99x | $501.00 Million | $496.00 Million | ▼ -36.6% |
| 2015 | 1.56x | $555.11 Million | $866.40 Million | ▼ -58.2% |
| 2014 | 3.73x | $172.34 Million | $643.23 Million | ▲ +47.8% |
| 2013 | 2.52x | $290.90 Million | $734.40 Million | ▲ +139.2% |
| 2012 | 1.06x | $899.29 Million | $949.09 Million | ▲ +35.1% |
| 2011 | 0.78x | $987.86 Million | $771.80 Million | ▲ +17.1% |
| 2010 | 0.67x | $874.29 Million | $583.13 Million | ▲ +7.6% |
| 2009 | 0.62x | $881.81 Million | $546.76 Million | ▼ -2.3% |
| 2008 | 0.63x | $922.78 Million | $585.59 Million | ▼ -3.1% |
| 2007 | 0.66x | $863.08 Million | $565.50 Million | ▼ -21.6% |
| 2006 | 0.84x | $693.45 Million | $579.78 Million | ▼ -8.5% |
| 2005 | 0.91x | $642.17 Million | $586.58 Million | ▼ -26.3% |
| 2004 | 1.24x | $518.41 Million | $642.08 Million | ▲ +24.9% |
| 2003 | 0.99x | $621.65 Million | $616.36 Million | ▼ -12.0% |
| 2002 | 1.13x | $620.08 Million | $698.64 Million | ▲ +1.7% |
| 2001 | 1.11x | $440.35 Million | $487.81 Million | ▲ +95.6% |
| 2000 | 0.57x | $521.33 Million | $295.31 Million | ▼ -32.2% |
| 1999 | 0.84x | $333.20 Million | $278.50 Million | ▼ -33.6% |
| 1998 | 1.26x | $311.10 Million | $391.70 Million | ▲ +0.7% |
| 1997 | 1.25x | $222.10 Million | $277.80 Million | ▼ -21.6% |
| 1996 | 1.60x | $137.50 Million | $219.40 Million | ▼ -11.4% |
| 1995 | 1.80x | $115.90 Million | $208.70 Million | ▼ -4.0% |
| 1994 | 1.88x | $84.30 Million | $158.20 Million | ▼ -22.0% |
| 1993 | 2.41x | $35.30 Million | $84.90 Million | ▼ -84.2% |
| 1992 | 15.23x | $3.50 Million | $53.30 Million | — |