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.