EX-12 2 exhibit12.htm EX-12

|  |  |  |  |  |  |  |  |  |  | Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|  |  |  |  |  | Three Months Ended March 31,
(Dollars in thousands) |  | 2012 |  | 2011
EARNINGS: |  |  |  |  |  |  |  |
| Income before income taxes |  | $ | 94,650 |  |  | $ | 65,177 |
|  | Add (deduct): |  |  |  |  |  |  |  |
|  |  | Equity in earnings of unconsolidated entities |  |  | (21,614 | ) |  |  | (20,891 | )
|  |  | Distributions from unconsolidated entities |  |  | 2,822 |  |  |  | 8,323 |
|  |  | Amortization of capitalized interest |  |  | 205 |  |  |  | 142 |
|  |  | Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |  |  | (6,702 | ) |  |  | (5,524 | )
|  |  |  |  |  | $ | 69,361 |  |  | $ | 47,227 |
|  | Add fixed charges: |  |  |  |  |  |  |  |
|  |  | Consolidated interest expense (1) |  |  | 13,411 |  |  |  | 15,186 |
|  |  | Interest portion (1/3) of consolidated rent expense |  |  | 11,360 |  |  |  | 10,644 |
|  |  |  |  |  | $ | 94,132 |  |  | $ | 73,057 |
FIXED CHARGES: |  |  |  |  |  |  |  |
|  | Consolidated interest expense (1) |  | $ | 13,411 |  |  | $ | 15,186 |
|  | Capitalized interest |  |  | 2,423 |  |  |  | 1,068 |
|  | Interest portion (1/3) of consolidated rent expense |  |  | 11,360 |  |  |  | 10,644 |
|  |  |  |  |  | $ | 27,194 |  |  | $ | 26,898 |
RATIO OF EARNINGS TO FIXED CHARGES |  |  | 3.46 |  |  |  | 2.72 |

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