Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIOS OF EARNINGS TO FIXED CHARGES
|
| Six Months Ended |
| ||||
|
| 2006 |
| 2005 |
| ||
|
| (As Restated) |
| (As Restated) |
| ||
|
| (Dollars in Thousands) |
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EARNINGS: |
|
|
|
|
| ||
Income before income taxes and minority interest |
| $ | 158,499 |
| $ | 122,694 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (41,440 | ) | (31,815 | ) | ||
Distributions from unconsolidated entities |
| 37,176 |
| 27,660 |
| ||
Minority interests in pre-tax income of subsidiaries that do not have fixed charges |
| (6,709 | ) | (5,700 | ) | ||
|
| $ | 147,526 |
| $ | 112,839 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense |
| 46,215 |
| 42,182 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 14,917 |
| 14,695 |
| ||
|
| $ | 208,658 |
| $ | 169,716 |
|
|
|
|
|
|
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FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense |
| $ | 46,215 |
| $ | 42,182 |
|
Interest portion (1/3) of consolidated rent expense |
| 14,917 |
| 14,695 |
| ||
|
| $ | 61,132 |
| $ | 56,877 |
|
|
|
|
|
|
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RATIO OF EARNINGS TO FIXED CHARGES |
| 3.41 |
| 2.98 |
|