Exhibit 12
TELEPHONE AND DATA SYSTEMS, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
|
| Six Months Ended |
| ||||
|
| 2006 |
| 2005 |
| ||
|
| (As Restated) |
| (As Restated) |
| ||
|
| (Dollars in Thousands) |
| ||||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes and minority interest |
| $ | 374,809 |
| $ | 722,830 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (42,296 | ) | (32,492 | ) | ||
Distributions from unconsolidated entities |
| 37,399 |
| 27,914 |
| ||
Minority interests in pre-tax income of subsidiaries that do not have fixed charges |
| (5,501 | ) | (4,562 | ) | ||
|
| $ | 364,411 |
| $ | 713,690 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense |
| 117,820 |
| 106,388 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 20,305 |
| 19,829 |
| ||
|
| $ | 502,536 |
| $ | 839,907 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense |
| $ | 117,820 |
| $ | 106,388 |
|
Interest portion (1/3) of consolidated rent expense |
| 20,305 |
| 19,829 |
| ||
|
| $ | 138,125 |
| $ | 126,217 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 3.64 |
| 6.65 |
| ||
|
|
|
|
|
| ||
Tax-effected preferred dividends |
| $ | 172 |
| $ | 172 |
|
Fixed charges |
| 138,125 |
| 126,217 |
| ||
Fixed charges and preferred dividends |
| $ | 138,297 |
| $ | 126,389 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |
| 3.63 |
| 6.65 |
| ||
