Exhibit 12.1
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Twelve Months Ended December 31, 2003
(Dollars In Thousands)
As Restated
EARNINGS: | |||||||
Income (loss) before income taxes and minority interest | $ | 106,150 | |||||
Add (Deduct): | |||||||
Earnings on Equity Method Investments | (52,063 | ) | |||||
Distributions from Minority Subsidiaries | 44,833 | ||||||
Minority interest in income of majority-owned subsidiaries that do not have fixed charges | (14,622 | ) | |||||
84,298 | |||||||
Add fixed charges: | |||||||
Consolidated interest expense | 63,048 | ||||||
Deferred Debt Amortization Expense | 1,559 | ||||||
Interest Portion (1/3) of Consolidated Rent Expense | 17,412 | ||||||
$ | 166,317 | ||||||
FIXED CHARGES: | |||||||
Consolidated interest expense | $ | 63,048 | |||||
Deferred Debt Amortization Expense | 1,559 | ||||||
Interest Portion (1/3) of Consolidated Rent Expense | 17,412 | ||||||
$ | 82,019 | ||||||
RATIO OF EARNINGS TO FIXED CHARGES | 2.03 | ||||||