EX-12 4 exhibit12.htm EX-12 exhibit12.htm - Generated by SEC Publisher for SEC Filing

 

Exhibit 12

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

Nine Months Ended
September 30,

(Dollars in thousands)

2010 

 

2009 

EARNINGS:

 

 

 

 

 

 

 

  Income before income taxes

$

229,232

 

 

$

334,768

 

 

Add (deduct):

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(74,418

)

 

 

(73,247

)

 

 

Distributions from unconsolidated entities

 

59,149

 

 

 

51,306

 

 

 

Amortization of capitalized interest

 

355

 

 

 

219

 

 

 

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

 

(17,540

)

 

 

(18,351

)

 

 

 

 

 

$

196,778

 

 

$

294,695

 

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

48,918

 

 

 

59,065

 

 

 

Interest portion (1/3) of consolidated rent expense

 

29,624

 

 

 

31,042

 

 

 

 

 

 

$

275,320

 

 

$

384,802

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

$

48,918

 

 

$

59,065

 

 

Capitalized interest

 

1,688

 

 

 

1,100

 

 

Interest portion (1/3) of consolidated rent expense

 

29,624

 

 

 

31,042

 

 

 

 

 

 

$

80,230

 

 

$

91,207

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

3.43

 

 

 

4.22

 

 

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