EX-12 2 exhibit12.htm EX-12

| Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
| Six Months Ended
| June 30,
| 2012 |  | 2011
(Dollars in thousands) |  |  |  |  |  |  |
EARNINGS: |  |  |  |  |  |  |
| Income before income taxes | $ | 188,495 |  |  | $ | 180,841 |
| Add (deduct): |  |  |  |  |  |  |
|  | Equity in earnings of unconsolidated entities |  | (46,768 | ) |  |  | (43,360 | )
|  | Distributions from unconsolidated entities |  | 6,743 |  |  |  | 47,143 |
|  | Amortization of capitalized interest |  | 410 |  |  |  | 291 |
|  | Income attributable to noncontrolling interests in subsidiaries |  |  |  |  |  |  |
|  |  | that do not have fixed charges |  | (13,367 | ) |  |  | (11,608 | )
|  |  |  |  | $ | 135,513 |  |  | $ | 173,307 |
| Add fixed charges: |  |  |  |  |  |  |
|  | Consolidated interest expense (1) |  | 25,771 |  |  |  | 40,383 |
|  | Interest portion (1/3) of consolidated rent expense |  | 23,339 |  |  |  | 21,584 |
|  |  |  |  | $ | 184,623 |  |  | $ | 235,274 |
FIXED CHARGES: |  |  |  |  |  |  |
|  | Consolidated interest expense (1) | $ | 25,771 |  |  | $ | 40,383 |
|  | Capitalized interest |  | 6,232 |  |  |  | 2,499 |
|  | Interest portion (1/3) of consolidated rent expense |  | 23,339 |  |  |  | 21,584 |
|  |  |  |  | $ | 55,342 |  |  | $ | 64,466 |
RATIO OF EARNINGS TO FIXED CHARGES |  | 3.34 |  |  |  | 3.65 |

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