EX-12 2 ex12.htm EX-12 ex12.htm - Generated by SEC Publisher for SEC Filing

 

Exhibit 12

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

Six Months Ended

June 30,

 

 

 

 

 

 

(Dollars in thousands)

 

2010 

 

2009 

EARNINGS:

 

 

 

 

 

 

 

 

Income before income taxes  

$

160,903

 

 

$

269,551

 

 

Add (deduct):

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

 

(50,447

)

 

 

(50,121

)

 

 

Distributions from unconsolidated entities

 

 

48,491

 

 

 

12,997

 

 

 

Amortization of capitalized interest

 

 

227

 

 

 

126

 

 

 

Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges

 

 

(11,510

)

 

 

(12,495

)

 

 

 

 

 

 

$

147,664

 

 

$

220,058

 

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

 

32,962

 

 

 

39,283

 

 

 

Interest portion (1/3) of consolidated rent expense

 

 

21,155

 

 

 

20,651

 

 

 

 

 

 

 

$

201,781

 

 

$

279,992

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

$

32,962

 

 

$

39,283

 

 

Capitalized interest

 

 

1,160

 

 

 

642

 

 

Interest portion (1/3) of consolidated rent expense

 

 

21,155

 

 

 

20,651

 

 

 

 

 

 

 

$

55,277

 

 

$

60,576

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

3.65

 

 

 

4.62

 


(1)   Interest expense on income tax contingencies is not included in fixed charges.