Exhibit 12
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UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended
March 31, 2002
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(Dollars in thousands)
EARNINGS
Income from Continuing Operations before income taxes $ 81,673
Add (Deduct):
Earnings on Equity Method (10,461)
Distributions from Minority Subsidiaries 3,878
Minority interest in income of majority-owned subsidiaries
that do not have fixed charges (2,582)
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$ 72,508
Add fixed charges:
Consolidated interest expense $ 8,835
Deferred debt expense 194
Interest Portion (1/3) of Consolidated Rent Expense 2,952
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$ 84,489
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FIXED CHARGES
Consolidated interest expense $ 8,835
Deferred debt expense 194
Interest Portion (1/3) of Consolidated Rent Expense 2,952
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$ 11,981
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RATIO OF EARNINGS TO FIXED CHARGES 7.05
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Tax-Effected Preferred Dividends $ 78
Fixed Charges 11,981
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Fixed Charges and Preferred Dividends $ 12,059
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RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 7.01
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