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Content analysis
?Positive | ||
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Constraining | ||
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6th grade Avg
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Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||
|
| March 31, |
| ||||
(Dollars in thousands) |
| 2010 |
| 2009 |
| ||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes |
| $ | 88,149 |
| $ | 125,736 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (24,694 | ) | (25,327 | ) | ||
Distributions from unconsolidated entities |
| 7,238 |
| 5,908 |
| ||
Amortization of capitalized interest |
| 109 |
| 63 |
| ||
Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
| (6,051 | ) | (6,402 | ) | ||
|
| $ | 64,751 |
| $ | 99,978 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense (1) |
| 16,286 |
| 19,287 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,421 |
| 10,432 |
| ||
|
| $ | 91,458 |
| $ | 129,697 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense (1) |
| $ | 16,286 |
| $ | 19,287 |
|
Capitalized interest |
| 534 |
| 208 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,421 |
| 10,432 |
| ||
|
| $ | 27,241 |
| $ | 29,927 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 3.36 |
| 4.33 |
|
(1) Interest expense on income tax contingencies is not included in fixed charges.