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| Exhibit 12 | |
UNITED STATES CELLULAR CORPORATION | ||||||||||||
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RATIO OF EARNINGS TO FIXED CHARGES | ||||||||||||
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| Three Months Ended March 31, | ||||||
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(Dollars in thousands) |
| 2012 |
| 2011 | ||||||||
EARNINGS: |
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| Income before income taxes |
| $ | 94,650 |
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| $ | 65,177 |
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| Add (deduct): |
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| Equity in earnings of unconsolidated entities |
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| (21,614 | ) |
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| (20,891 | ) | |
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| Distributions from unconsolidated entities |
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| 2,822 |
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| 8,323 |
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| Amortization of capitalized interest |
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| 205 |
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| 142 |
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| Income attributable to noncontrolling interests in subsidiariesthat do not have fixed charges |
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| (6,702 | ) |
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| (5,524 | ) | |
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| $ | 69,361 |
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| $ | 47,227 |
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| Add fixed charges: |
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| Consolidated interest expense (1) |
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| 13,411 |
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| 15,186 |
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| Interest portion (1/3) of consolidated rent expense |
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| 11,360 |
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| 10,644 |
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| $ | 94,132 |
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| $ | 73,057 |
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FIXED CHARGES: |
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| Consolidated interest expense (1) |
| $ | 13,411 |
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| $ | 15,186 |
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| Capitalized interest |
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| 2,423 |
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| 1,068 |
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| Interest portion (1/3) of consolidated rent expense |
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| 11,360 |
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| 10,644 |
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| $ | 27,194 |
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| $ | 26,898 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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| 3.46 |
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| 2.72 |
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(1) Interest expense on income tax contingencies is not included in fixed charges.