EX-12 2 exhibit12.htm EX-12  

									Exhibit 12
UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES
					Six Months Ended
					June 30,
					2013			2012
(Dollars in thousands)
EARNINGS:
	Income before income taxes (1)				$	282,436		$	188,495
	Add (deduct):
		Equity in earnings of unconsolidated entities				(62,437)			(46,768)
		Distributions from unconsolidated entities				45,370			6,743
		Amortization of capitalized interest				878			410
		Income attributable to noncontrolling interests in subsidiaries
			that do not have fixed charges			(6,328)			(13,367)
					$	259,919		$	135,513
	Add fixed charges:
		Consolidated interest expense (2)				21,064			25,771
		Interest portion (1/3) of consolidated rent expense				22,176			23,339
					$	303,159		$	184,623
FIXED CHARGES:
		Consolidated interest expense (2)			$	21,064		$	25,771
		Capitalized interest				10,208			6,232
		Interest portion (1/3) of consolidated rent expense				22,176			23,339
					$	53,448		$	55,342
RATIO OF EARNINGS TO FIXED CHARGES						5.67			3.34
	(1)	Includes gain on sale of business and other exit costs, net of $242.1 million and $4.2 million in 2013 and 2012, respectively.
	(2)	Interest expense on income tax contingencies is not included in fixed charges.