Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Six Months Ended | |||||||||||
June 30, | |||||||||||
2011 | 2010 | ||||||||||
(Dollars in thousands) | |||||||||||
EARNINGS: | |||||||||||
Income before income taxes | $ | 177,430 | $ | 160,903 | |||||||
Add (deduct): | |||||||||||
Equity in earnings of unconsolidated entities | (43,360 | ) | (50,447 | ) | |||||||
Distributions from unconsolidated entities | 47,143 | 48,491 | |||||||||
Amortization of capitalized interest | 291 | 227 | |||||||||
Income attributable to noncontrolling interests in subsidiariesthat do not have fixed charges |
| (11,608 | ) |
| (11,510 | ) | |||||
$ | 169,896 | $ | 147,664 | ||||||||
Add fixed charges: | |||||||||||
Consolidated interest expense (1) | 40,383 | 32,962 | |||||||||
Interest portion (1/3) of consolidated rent expense |
| 21,584 |
|
| 21,155 |
| |||||
$ | 231,863 |
| $ | 201,781 |
| ||||||
FIXED CHARGES: | |||||||||||
Consolidated interest expense (1) | $ | 40,383 | $ | 32,962 | |||||||
Capitalized interest | 2,499 | 1,160 | |||||||||
Interest portion (1/3) of consolidated rent expense |
| 21,584 |
|
| 21,155 |
| |||||
$ | 64,466 |
| $ | 55,277 |
| ||||||
RATIO OF EARNINGS TO FIXED CHARGES |
| 3.60 |
|
| 3.65 |
|
(1) Interest expense on income tax contingencies is not included in fixed charges.