Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
| Nine Months Ended | |||||||||||
(Dollars in thousands) | 2010 |
| 2009 | |||||||||
EARNINGS: |
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|
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|
|
|
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Income before income taxes | $ | 229,232 |
|
| $ | 334,768 |
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| Add (deduct): |
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|
|
|
| ||||
|
| Equity in earnings of unconsolidated entities |
| (74,418 | ) |
|
| (73,247 | ) | |||
|
| Distributions from unconsolidated entities |
| 59,149 |
|
|
| 51,306 |
| |||
|
| Amortization of capitalized interest |
| 355 |
|
|
| 219 |
| |||
|
| Income attributable to noncontrolling interests in subsidiariesthat do not have fixed charges |
| (17,540 | ) |
|
| (18,351 | ) | |||
|
|
|
|
| $ | 196,778 |
|
| $ | 294,695 |
| |
| Add fixed charges: |
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|
|
|
|
|
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|
| Consolidated interest expense (1) |
| 48,918 |
|
|
| 59,065 |
| |||
|
| Interest portion (1/3) of consolidated rent expense |
| 29,624 |
|
|
| 31,042 |
| |||
|
|
|
|
| $ | 275,320 |
|
| $ | 384,802 |
| |
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| |
FIXED CHARGES: |
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|
|
|
|
|
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| Consolidated interest expense (1) | $ | 48,918 |
|
| $ | 59,065 |
| ||||
| Capitalized interest |
| 1,688 |
|
|
| 1,100 |
| ||||
| Interest portion (1/3) of consolidated rent expense |
| 29,624 |
|
|
| 31,042 |
| ||||
|
|
|
|
| $ | 80,230 |
|
| $ | 91,207 |
| |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 3.43 |
|
|
| 4.22 |
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(1) Interest expense on income tax contingencies is not included in fixed charges.