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Content analysis
?| Positive | ||
| Negative | ||
| Uncertain | ||
| Constraining | ||
| Legalese | ||
| Litigous | ||
| Readability |
6th grade Avg
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|
Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
| Six Months Ended |
| ||||
|
| 2009 |
| 2008 |
| ||
|
| (Dollars in thousands) |
| ||||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes |
| $ | 268,907 |
| $ | 244,073 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (50,121 | ) | (44,042 | ) | ||
Distributions from unconsolidated entities |
| 12,997 |
| 45,569 |
| ||
Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
| (12,495 | ) | (10,717 | ) | ||
|
| $ | 219,288 |
| $ | 234,883 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense(1) |
| 38,409 |
| 40,889 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 20,810 |
| 18,265 |
| ||
|
| $ | 278,507 |
| $ | 294,037 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense(1) |
| $ | 38,409 |
| $ | 40,889 |
|
Capitalized interest |
| 642 |
| — |
| ||
Interest portion (1/3) of consolidated rent expense |
| 20,810 |
| 18,265 |
| ||
|
| $ | 59,861 |
| $ | 59,154 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 4.65 |
| 4.97 |
| ||
(1) Interest expense on income tax contingencies is not included in fixed charges.