EX-12 2 a11-28865_1ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Nine Months Ended

 

 

 

September 30,

 

(Dollars in thousands)

 

2011

 

2010

 

EARNINGS:

 

 

 

 

 

Income before income taxes

 

$

293,640

 

$

233,806

 

Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(65,289

)

(74,418

)

Distributions from unconsolidated entities

 

52,037

 

59,149

 

Amortization of capitalized interest

 

447

 

355

 

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

 

(19,044

)

(17,540

)

 

 

$

261,791

 

$

201,352

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense (1)

 

51,905

 

48,918

 

Interest portion (1/3) of consolidated rent expense

 

32,613

 

29,624

 

 

 

$

346,309

 

$

279,894

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense (1)

 

$

51,905

 

$

48,918

 

Capitalized interest

 

6,828

 

1,688

 

Interest portion (1/3) of consolidated rent expense

 

32,613

 

29,624

 

 

 

$

91,346

 

$

80,230

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

3.79

 

3.49

 

 

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