EX-12 3 a10-9603_1ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Three Months Ended

 

 

 

March 31,

 

(Dollars in thousands)

 

2010

 

2009

 

EARNINGS:

 

 

 

 

 

Income before income taxes

 

$

88,149

 

$

125,736

 

Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(24,694

)

(25,327

)

Distributions from unconsolidated entities

 

7,238

 

5,908

 

Amortization of capitalized interest

 

109

 

63

 

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

 

(6,051

)

(6,402

)

 

 

$

64,751

 

$

99,978

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense (1)

 

16,286

 

19,287

 

Interest portion (1/3) of consolidated rent expense

 

10,421

 

10,432

 

 

 

$

91,458

 

$

129,697

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense (1)

 

$

16,286

 

$

19,287

 

Capitalized interest

 

534

 

208

 

Interest portion (1/3) of consolidated rent expense

 

10,421

 

10,432

 

 

 

$

27,241

 

$

29,927

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

3.36

 

4.33

 

 


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