United States Cellular Corporat (UZD) 10-Q 2012 Q2 Quarterly report

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

(1)     Interest expense on income tax contingencies is not included in fixed charges