EX-12 3 a04-2431_3ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

RESTATED

 

 

 

Nine Months Ended
September 30, 2003

 

 

 

(Dollars in thousands)

 

 

 

 

 

EARNINGS

 

 

 

Net Income (Loss) before income taxes

 

$

131,285

 

Add (Deduct):

 

 

 

Earnings on Equity Method

 

(37,163

)

Distributions from Minority Subsidiaries

 

21,228

 

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

 

(10,714

)

 

 

$

104,636

 

 

 

 

 

Add fixed charges:

 

 

 

Consolidated interest expense

 

$

46,496

 

Deferred debt expense

 

1,017

 

Interest Portion (1/3) of Consolidated Rent Expense

 

17,795

 

 

 

$

169,944

 

 

 

 

 

FIXED CHARGES

 

 

 

Consolidated interest expense

 

$

46,496

 

Deferred debt expense

 

1,017

 

Interest Portion (1/3) of Consolidated Rent Expense

 

17,795

 

 

 

$

65,308

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

2.60