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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
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Readability |
6th grade Avg
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Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||
|
| March 31, |
| ||||
|
| 2008 |
| 2007 |
| ||
|
| (Dollars in thousands) |
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EARNINGS: |
|
|
|
|
| ||
Income before income taxes and minority interest |
| $ | 122,109 |
| $ | 122,363 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (21,235 | ) | (23,098 | ) | ||
Distributions from unconsolidated entities |
| 6,933 |
| 2,226 |
| ||
Minority interests in pre-tax income of subsidiaries that do not have fixed charges |
| (5,459 | ) | (5,180 | ) | ||
|
| $ | 102,348 |
| $ | 96,311 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense(1) |
| 20,115 |
| 23,684 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 9,583 |
| 8,447 |
| ||
|
| $ | 132,046 |
| $ | 128,442 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense(1) |
| $ | 20,115 |
| $ | 23,684 |
|
Interest portion (1/3) of consolidated rent expense |
| 9,583 |
| 8,447 |
| ||
|
| $ | 29,698 |
| $ | 32,131 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 4.45 |
| 4.00 |
|
(1) Interest expense on income tax contingencies is not included in fixed charges.