EX-12 3 a04-2431_2ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

RESTATED

 

 

 

 

Six Months Ended
June 30, 2003

 

 

 

(Dollars in thousands)

 

 

 

 

 

EARNINGS

 

 

 

Net Income (Loss) before income taxes

 

$

39,019

 

Add (Deduct):

 

 

 

Earnings on Equity Method

 

(25,862

)

Distributions from Minority Subsidiaries

 

17,564

 

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

 

(6,071

)

 

 

$

24,650

 

 

 

 

 

Add fixed charges:

 

 

 

Consolidated interest expense

 

$

31,139

 

Deferred debt expense

 

759

 

Interest Portion (1/3) of Consolidated Rent Expense

 

11,734

 

 

 

$

68,282

 

 

 

 

 

FIXED CHARGES

 

 

 

Consolidated interest expense

 

$

31,139

 

Deferred debt expense

 

759

 

Interest Portion (1/3) of Consolidated Rent Expense

 

11,734

 

 

 

$

43,632

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

1.56