| Exhibit 12 | ||||||||||
UNITED STATES CELLULAR CORPORATION | |||||||||||
RATIO OF EARNINGS TO FIXED CHARGES | |||||||||||
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| Six Months Ended | ||||||||||
| June 30, | ||||||||||
| 2012 |
| 2011 | ||||||||
(Dollars in thousands) |
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EARNINGS: |
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| Income before income taxes | $ | 188,495 |
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| $ | 180,841 |
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| Add (deduct): |
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| Equity in earnings of unconsolidated entities |
| (46,768 | ) |
|
| (43,360 | ) | ||
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| Distributions from unconsolidated entities |
| 6,743 |
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|
| 47,143 |
| ||
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| Amortization of capitalized interest |
| 410 |
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| 291 |
| ||
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| Income attributable to noncontrolling interests in subsidiaries |
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| that do not have fixed charges |
| (13,367 | ) |
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| (11,608 | ) | |
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| $ | 135,513 |
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| $ | 173,307 |
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| Add fixed charges: |
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| Consolidated interest expense (1) |
| 25,771 |
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| 40,383 |
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| Interest portion (1/3) of consolidated rent expense |
| 23,339 |
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| 21,584 |
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| $ | 184,623 |
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| $ | 235,274 |
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FIXED CHARGES: |
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| Consolidated interest expense (1) | $ | 25,771 |
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| $ | 40,383 |
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| Capitalized interest |
| 6,232 |
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| 2,499 |
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| Interest portion (1/3) of consolidated rent expense |
| 23,339 |
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| 21,584 |
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| $ | 55,342 |
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| $ | 64,466 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 3.34 |
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|
| 3.65 |
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(1) Interest expense on income tax contingencies is not included in fixed charges