UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended December 31,
2016 |
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| 2014 |
| 2013 |
| 2012 | ||||||||
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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 entities |
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| Distributions from unconsolidated entities |
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| Amortization of capitalized interest |
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| Income attributable to noncontrolling interests in subsidiaries that do not have 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 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 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 $114 million, $33 million and $247 million in 2015, 2014 and 2013, respectively, and loss on sale of business and other exit costs, net of $21 million in 2012. | |||||||||||||||
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| Includes gain on license sales and exchanges, net of $19 million, $147 million, $113 million and $255 million in 2016, 2015, 2014 and 2013, respectively. | |||||||||||||||
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| Includes gain on investments of $19 million in 2013 and loss on investments of $4 million in 2012. | |||||||||||||||
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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 $79 million. |