EX-12 2 ex12.htm EX-12

|  |  |  |  |  |  |  |  | Exhibit 12
UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES
|  |  |  |  | Nine Months Ended
|  |  |  |  | September 30,
|  |  |  |  | 2012 |  | 2011
(Dollars in thousands) |  |  |  |  |
EARNINGS: |  |  |  |  |
| Income before income taxes | $ | 253,024 |  | $ | 293,640
| Add (deduct): |  |  |  |  |
|  | Equity in earnings of unconsolidated entities |  | (71,584) |  |  | (65,289)
|  | Distributions from unconsolidated entities |  | 45,211 |  |  | 52,037
|  | Amortization of capitalized interest |  | 621 |  |  | 447
|  | Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |  | (20,075) |  |  | (19,044)
|  |  |  |  | $ | 207,197 |  | $ | 261,791
| Add fixed charges: |  |  |  |  |
|  | Consolidated interest expense (1) |  | 35,272 |  |  | 51,905
|  | Interest portion (1/3) of consolidated rent expense |  | 35,229 |  |  | 32,613
|  |  |  |  | $ | 277,698 |  | $ | 346,309
FIXED CHARGES: |  |  |  |  |
|  | Consolidated interest expense (1) | $ | 35,272 |  | $ | 51,905
|  | Capitalized interest |  | 12,637 |  |  | 6,828
|  | Interest portion (1/3) of consolidated rent expense |  | 35,229 |  |  | 32,613
|  |  |  |  | $ | 83,138 |  | $ | 91,346
RATIO OF EARNINGS TO FIXED CHARGES |  | 3.34 |  |  | 3.79

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