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| Exhibit 12 |
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES | |||||||||
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| Nine Months Ended | ||||
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| September 30, | ||||
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| 2012 |
| 2011 | ||
(Dollars in thousands) |
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EARNINGS: |
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| Income before income taxes | $ | 253,024 |
| $ | 293,640 | |||
| Add (deduct): |
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| Equity in earnings of unconsolidated entities |
| (71,584) |
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| (65,289) | ||
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| Distributions from unconsolidated entities |
| 45,211 |
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| 52,037 | ||
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| Amortization of capitalized interest |
| 621 |
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| 447 | ||
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| Income attributable to noncontrolling interests in subsidiariesthat do not have fixed charges |
| (20,075) |
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| (19,044) | ||
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| $ | 207,197 |
| $ | 261,791 |
| Add fixed charges: |
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| Consolidated interest expense (1) |
| 35,272 |
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| 51,905 | ||
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| Interest portion (1/3) of consolidated rent expense |
| 35,229 |
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| 32,613 | ||
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| $ | 277,698 |
| $ | 346,309 |
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FIXED CHARGES: |
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| Consolidated interest expense (1) | $ | 35,272 |
| $ | 51,905 | ||
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| Capitalized interest |
| 12,637 |
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| 6,828 | ||
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| Interest portion (1/3) of consolidated rent expense |
| 35,229 |
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| 32,613 | ||
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| $ | 83,138 |
| $ | 91,346 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 3.34 |
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| 3.79 |
(1) Interest expense on income tax contingencies is not included in fixed charges.