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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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| 2013 |
| 2012 | ||
(Dollars in thousands) |
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EARNINGS: |
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| Income before income taxes (1) | $ | 266,402 |
| $ | 253,024 | |||
| Add (deduct): |
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| Equity in earnings of unconsolidated entities |
| (99,797) |
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| (71,584) | ||
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| Distributions from unconsolidated entities |
| 49,612 |
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| 45,211 | ||
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| Amortization of capitalized interest |
| 1,920 |
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| 621 | ||
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| Income attributable to noncontrolling interests in subsidiaries |
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| that do not have fixed charges |
| (6,914) |
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| (20,075) | |
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| $ | 211,223 |
| $ | 207,197 |
| Add fixed charges: |
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| Consolidated interest expense (2) |
| 32,393 |
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| 35,272 | ||
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| Interest portion (1/3) of consolidated rent expense |
| 30,551 |
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| 35,229 | ||
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| $ | 274,167 |
| $ | 277,698 |
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FIXED CHARGES: |
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| Consolidated interest expense (2) | $ | 32,393 |
| $ | 35,272 | ||
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| Capitalized interest |
| 14,259 |
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| 12,637 | ||
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| Interest portion (1/3) of consolidated rent expense |
| 30,551 |
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| 35,229 | ||
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| $ | 77,203 |
| $ | 83,138 |
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RATIO OF EARNINGS TO FIXED CHARGES |
| 3.55 |
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| 3.34 | ||||
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| (1) | Includes gain on sale of business and other exit costs, net of $243.6 million and $4.1 million in 2013 and 2012, respectively. | |||||||
| (2) | Interest expense on income tax contingencies is not included in fixed charges. | |||||||