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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months Ended

 

 

 

 

 

September 30,

 

 

 

 

 

2012 

 

2011 

(Dollars in thousands)

 

 

 

 

 

EARNINGS:

 

 

 

 

 

 

Income before income taxes

$

253,024 

 

$

293,640 

 

Add (deduct):

 

 

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(71,584)

 

 

(65,289)

 

 

Distributions from unconsolidated entities

 

45,211 

 

 

52,037 

 

 

Amortization of capitalized interest

 

621 

 

 

447 

 

 

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

 

(20,075)

 

 

(19,044)

 

 

 

 

 

$

207,197 

 

$

261,791 

 

Add fixed charges:

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

35,272 

 

 

51,905 

 

 

Interest portion (1/3) of consolidated rent expense

 

35,229 

 

 

32,613 

 

 

 

 

 

$

277,698 

 

$

346,309 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

Consolidated interest expense (1)

$

35,272 

 

$

51,905 

 

 

Capitalized interest

 

12,637 

 

 

6,828 

 

 

Interest portion (1/3) of consolidated rent expense

 

35,229 

 

 

32,613 

 

 

 

 

 

$

83,138 

 

$

91,346 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

3.34 

 

 

3.79 

 

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