Exhibit 12
TELEPHONE AND DATA SYSTEMS, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||
|
| 2006 |
| 2005 |
| ||
|
| (As Restated) |
| (As Restated) |
| ||
|
| (Dollars in Thousands) |
| ||||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes and minority interest |
| $ | 79,043 |
| $ | 377,571 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (19,805 | ) | (14,751 | ) | ||
Distributions from unconsolidated entities |
| 5,676 |
| 1,520 |
| ||
Minority interests in pre-tax income of subsidiaries that do not have fixed charges |
| (3,149 | ) | (2,450 | ) | ||
|
| 61,765 |
| 361,890 |
| ||
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense |
| 58,532 |
| 51,856 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,150 |
| 9,960 |
| ||
|
| $ | 130,447 |
| $ | 423,706 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense |
| $ | 58,532 |
| $ | 51,856 |
|
Interest portion (1/3) of consolidated rent expense |
| 10,150 |
| 9,960 |
| ||
|
| $ | 68,682 |
| $ | 61,816 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 1.90 |
| 6.85 |
| ||
|
|
|
|
|
| ||
Tax-effected preferred dividends |
| $ | 87 |
| $ | 81 |
|
Fixed charges |
| 68,682 |
| 61,816 |
| ||
Fixed charges and preferred dividends |
| $ | 68,769 |
| $ | 61,897 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |
| 1.90 |
| 6.85 |
| ||
