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Content analysis
?Positive | ||
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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
6th grade Avg
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Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||
|
| 2009 |
| 2008 |
| ||
|
| (Dollars in thousands) |
| ||||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes |
| $ | 121,832 |
| $ | 122,109 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (25,327 | ) | (21,235 | ) | ||
Distributions from unconsolidated entities |
| 5,908 |
| 6,933 |
| ||
Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
| (6,402 | ) | (5,611 | ) | ||
|
| $ | 96,011 |
| $ | 102,196 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense(1) |
| 19,022 |
| 20,115 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,432 |
| 9,583 |
| ||
|
| $ | 125,465 |
| $ | 131,894 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense(1) |
| $ | 19,022 |
| $ | 20,115 |
|
Capitalized interest |
| 208 |
| — |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,432 |
| 9,583 |
| ||
|
| $ | 29,662 |
| $ | 29,698 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 4.23 |
| 4.44 |
|
(1) Interest expense on income tax contingencies is not included in fixed charges.