EX-12 2 a09-11317_1ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Three Months Ended
March 31,

 

 

 

2009

 

2008

 

 

 

(Dollars in thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes

 

$

121,832

 

$

122,109

 

Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(25,327

)

(21,235

)

Distributions from unconsolidated entities

 

5,908

 

6,933

 

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

 

(6,402

)

(5,611

)

 

 

$

96,011

 

$

102,196

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense(1)

 

19,022

 

20,115

 

Interest portion (1/3) of consolidated rent expense

 

10,432

 

9,583

 

 

 

$

125,465

 

$

131,894

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense(1)

 

$

19,022

 

$

20,115

 

Capitalized interest

 

208

 

—

 

Interest portion (1/3) of consolidated rent expense

 

10,432

 

9,583

 

 

 

$

29,662

 

$

29,698

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

4.23

 

4.44

 

 

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