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

 

 

 

 

 

 

Three Months Ended

 

 

 

 

 

March 31,

 

 

 

 

 

2011 

 

2010 

(Dollars in thousands)

 

 

 

 

 

 

 

EARNINGS:

 

 

 

 

 

 

 

  Income before income taxes

$

63,472

 

 

$

86,750

 

 

Add (deduct):

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(20,891

)

 

 

(24,694

)

 

 

Distributions from unconsolidated entities

 

8,323

 

 

 

7,238

 

 

 

Amortization of capitalized interest

 

142

 

 

 

109

 

 

 

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

 

(5,524

)

 

 

(6,051

)

 

 

 

 

 

$

45,522

 

 

$

63,352

 

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

15,186

 

 

 

16,524

 

 

 

Interest portion (1/3) of consolidated rent expense

 

10,644

 

 

 

10,421

 

 

 

 

 

 

$

71,352

 

 

$

90,297

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

$

15,186

 

 

$

16,524

 

 

Capitalized interest

 

1,068

 

 

 

534

 

 

Interest portion (1/3) of consolidated rent expense

 

10,644

 

 

 

10,421

 

 

 

 

 

 

$

26,898

 

 

$

27,479

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

2.65

 

 

 

3.29

 

 

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