Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIOS OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||
|
| 2006 |
| 2005 |
| ||
|
| (As Restated) |
| (As Restated) |
| ||
|
| (Dollars in Thousands) |
| ||||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes and minority interest |
| $ | 71,893 |
| $ | 36,749 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (19,483 | ) | (14,437 | ) | ||
Distributions from unconsolidated entities |
| 5,547 |
| 1,394 |
| ||
Minority interests in pre-tax income of subsidiaries that do not have fixed charges |
| (3,770 | ) | (2,932 | ) | ||
|
| 54,187 |
| 20,774 |
| ||
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense |
| 23,208 |
| 20,738 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 7,456 |
| 7,393 |
| ||
|
| $ | 84,851 |
| $ | 48,905 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense |
| $ | 23,208 |
| $ | 20,738 |
|
Interest portion (1/3) of consolidated rent expense |
| 7,456 |
| 7,393 |
| ||
|
| $ | 30,664 |
| $ | 28,131 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 2.77 |
| 1.74 |
| ||
