UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 | ||||||||
(Dollars in millions) |
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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 non-cash charges related to losses on impairment of $370 million in 2017. | |||||||||||||||
| Includes gain on sale of business and other exit costs, net of $1 million, $114 million, $33 million and $247 million in 2017, 2015, 2014 and 2013, respectively. | |||||||||||||||
| Includes gain on license sales and exchanges, net of $22 million, $19 million, $147 million, $113 million and $255 million in 2017, 2016, 2015, 2014 and 2013, respectively. | |||||||||||||||
| Includes gain on investments of $19 million in 2013. | |||||||||||||||
2 | Interest expense on income tax contingencies is not included in fixed charges. | |||||||||||||||
* | Earnings in 2017 and 2014 were inadequate to cover fixed charges by $269 million and $79 million, respectively. |