EX-12 2 exhibit12.htm

Exhibit 12

UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Three Months ended March 31, 2004
(Dollars in Thousands)


EARNINGS        
  Income before income taxes and minority interest   $ 23,005  
      Add (Deduct):  
        Earnings on Equity Method    (14,287 )
        Distributions from Unconsolidated Entities    3,541  
        Minority interest in income of majority-owned subsidiaries that do not  
          have fixed charges    (3,231 )

    $ 9,028  
      Add fixed charges:  
        Consolidated interest expense   $ 19,896  
        Deferred debt amortization expense    419  
        Interest Portion (1/3) of Consolidated Rent Expense    5,474  

    $ 34,817  

FIXED CHARGES  
      Consolidated interest expense   $ 19,896  
      Deferred debt amortization expense    419  
      Interest Portion (1/3) of Consolidated Rent Expense    5,474  

    $ 25,789  

RATIO OF EARNINGS TO FIXED CHARGES    1.35