EX-12 2 a08-11636_1ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Three Months Ended

 

 

 

March 31,

 

 

 

2008

 

2007

 

 

 

(Dollars in thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes and minority interest

 

$

122,109

 

$

122,363

 

Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(21,235

)

(23,098

)

Distributions from unconsolidated entities

 

6,933

 

2,226

 

Minority interests in pre-tax income of subsidiaries that do not have fixed charges

 

(5,459

)

(5,180

)

 

 

$

102,348

 

$

96,311

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense(1)

 

20,115

 

23,684

 

Interest portion (1/3) of consolidated rent expense

 

9,583

 

8,447

 

 

 

$

132,046

 

$

128,442

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense(1)

 

$

20,115

 

$

23,684

 

Interest portion (1/3) of consolidated rent expense

 

9,583

 

8,447

 

 

 

$

29,698

 

$

32,131

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

4.45

 

4.00

 

 

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