EX-12 3 a04-2431_1ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

RESTATED

 

 

 

Three Months Ended
March 31, 2003

 

 

 

(Dollars in thousands)

 

 

 

 

 

EARNINGS

 

 

 

Income (Loss) before income taxes and minority interest

 

$

(12,578

)

Add (Deduct):

 

 

 

Earnings on Equity Method

 

(12,378

)

Distributions from Minority Subsidiaries

 

13,615

 

Minority interest in income of majority-owned subsidiaries that do not have fixed charges

 

(3,465

)

 

 

$

(14,806

)

 

 

 

 

Add fixed charges:

 

 

 

Consolidated interest expense

 

$

15,018

 

Deferred debt expense

 

436

 

Interest Portion (1/3) of Consolidated Rent Expense

 

5,847

 

 

 

$

6,495

 

 

 

 

 

FIXED CHARGES

 

 

 

Consolidated interest expense

 

$

15,018

 

Deferred debt expense

 

436

 

Interest Portion (1/3) of Consolidated Rent Expense

 

5,847

 

 

 

$

21,301

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

N/A

 

 

The dollar deficiency resulting in less than one-to-one coverage is $14,806.