EX-12 10 a2103557zex-12.htm EXHIBIT 12
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Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.
RATIO OF EARNINGS TO FIXED CHARGES

(Dollars In Thousands)

 
   12 Months Ended
12/31/02
  
EARNINGS:        
  Income (Loss) from Continuing Operations before income taxes   $ (1,555,669 )
    Add (Deduct):        
      Earnings on Equity Method     (43,675 )
      Distributions from Minority Subsidiaries     31,328  
      Minority interest in pre-tax income of subsidiaries that do not have fixed charges     (15,044 )
   
 
      (1,583,060 )
    Add fixed charges:        
      Consolidated interest expense     157,034  
      Interest Portion (1/3) of Consolidated Rent Expense     27,461  
   
 
    $ (1,398,565 )

FIXED CHARGES:
 
 
 
 
    Consolidated interest expense/Trust Originated Preferred Securities   $ 157,034  
    Interest Portion (1/3) of Consolidated Rent Expense     27,461  
   
 
    $ 184,495  

RATIO OF EARNINGS TO FIXED CHARGES
 
 
—
 
   
 
    Tax-Effected Redeemable Preferred Dividends   $ 25  
    Fixed Charges     184,495  
   
 
      Fixed Charges and Redeemable Preferred Dividends   $ 184,520  

RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS
 
 
—
 
   
 
    Tax-Effected Preferred Dividends   $ 750  
    Fixed Charges     184,495  
   
 
      Fixed Charges and Preferred Dividends   $ 185,245  

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
 
 
—
 
   
 

The dollar deficiency resulting in less than one-to-one coverage is $1,583,060 for the ratio of earnings to fixed charges, $1,583,085 for the ratio of earnings to fixed charges and redeemable preferred dividends and $1,583,810 for the ratio of earnings to fixed charges and preferred dividends.



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