EX-12 3 a04-2454_1ex12.htm EX-12

Exhibit 12

 

TELEPHONE AND DATA SYSTEMS, INC.

RATIOS OF EARNINGS TO FIXED CHARGES
For the Three Months ended March 31, 2003
(Dollars in Thousands)
Restated

 

EARNINGS:

 

 

 

Loss before income taxes and minority interest

 

$

(1,031

)

Add (Deduct):

 

 

 

Earnings on Equity Method Investments

 

(12,750

)

Distributions from Minority Subsidiaries

 

13,615

 

Minority interests in pre-tax income of subsidiaries that do not have fixed charges

 

(3,153

)

 

 

(3,319

)

Add fixed charges:

 

 

 

Consolidated interest expense

 

49,560

 

Interest Portion (1/3) of Consolidated Rent Expense

 

6,865

 

 

 

$

53,106

 

 

 

 

 

FIXED CHARGES:

 

 

 

Consolidated interest expense

 

$

49,560

 

Interest Portion (1/3) of Consolidated Rent Expense

 

6,865

 

 

 

$

56,425

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

N/A

 

 

 

 

 

Tax-Effected Preferred Dividends

 

$

179

 

Fixed Charges

 

56,425

 

Fixed Charges and Preferred Dividends

 

$

56,604

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

 

N/A

 

 

The dollar deficiency resulting in less than one-to-one coverage is $3,319 for the ratio of earnings to fixed charges and $3,498 for the ratio of earnings to fixed charges and preferred dividends.