UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended December 31,
2015 |
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| 2013 |
| 2012 |
| 2011 | ||||||||
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EARNINGS: |
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Income (loss) before income taxes1 | $ |
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Add (deduct): |
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| Equity in earnings of unconsolidated |
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entities |
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| Distributions from unconsolidated |
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entities |
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| Amortization of capitalized interest |
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| Income attributable to noncontrolling |
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interests in subsidiaries that do not have |
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fixed charges |
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Add fixed charges: |
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| Consolidated interest expense2 |
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| Interest portion (1/3) of consolidated |
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rent expense |
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FIXED CHARGES: |
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| Consolidated interest expense2 | $ |
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| Capitalized interest |
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| Interest portion (1/3) of consolidated |
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rent expense |
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RATIO OF EARNINGS TO FIXED CHARGES |
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1 | Includes gain on sale of business and other exit costs, net of $113.6 million, $32.8 million and $246.8 million in 2015, 2014 and 2013, respectively, and loss on sale of business and other exit costs, net of $21.0 million in 2012. | |||||||||||||||
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| Includes gain on license sales and exchanges of $146.9 million, $113.0 million, $255.5 million and $11.8 million in 2015, 2014, 2013 and 2011, respectively. | |||||||||||||||
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| Includes gain on investments of $18.6 million in 2013, loss on investments of $3.7 million in 2012 and gain on investments of $11.4 million in 2011. | |||||||||||||||
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2 | Interest expense on income tax contingencies is not included in fixed charges. | |||||||||||||||
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* | Earnings in 2014 were inadequate to cover Fixed charges by $78.0 million. | |||||||||||||||