EX-12 2 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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

March 31,

 

 

 

 

 

(Dollars in thousands)

 

2012 

 

2011 

EARNINGS:

 

 

 

 

 

 

 

 

 

Income before income taxes

 

$

94,650

 

 

$

65,177

 

   

 

Add (deduct):

 

 

 

 

 

 

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

 

(21,614

)

 

 

(20,891

)

 

 

 

Distributions from unconsolidated entities

 

 

2,822

 

 

 

8,323

 

 

 

 

Amortization of capitalized interest

 

 

205

 

 

 

142

 

 

 

 

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

 

 

(6,702

)

 

 

(5,524

)

 

 

 

 

 

 

$

69,361

 

 

$

47,227

 

 

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

 

13,411

 

 

 

15,186

 

 

 

 

Interest portion (1/3) of consolidated rent expense

 

 

11,360

 

 

 

10,644

 

 

 

 

 

 

 

$

94,132

 

 

$

73,057

 

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

$

13,411

 

 

$

15,186

 

 

 

Capitalized interest

 

 

2,423

 

 

 

1,068

 

 

 

Interest portion (1/3) of consolidated rent expense

 

 

11,360

 

 

 

10,644

 

 

 

 

 

 

 

$

27,194

 

 

$

26,898

 

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

3.46

 

 

 

2.72

 

 

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