Exhibit 99.5
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
| Three Months Ended |
| ||||
|
| March 31, |
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(Dollars in thousands) |
| 2010 |
| 2009 |
| ||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes |
| $ | 86,750 |
| $ | 125,026 |
|
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 | ) | ||
|
| $ | 63,352 |
| $ | 99,268 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense (1) |
| 16,524 |
| 19,427 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,421 |
| 10,345 |
| ||
|
| $ | 90,297 |
| $ | 129,040 |
|
|
|
|
|
|
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FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense (1) |
| $ | 16,524 |
| $ | 19,427 |
|
Capitalized interest |
| 534 |
| 208 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 10,421 |
| 10,345 |
| ||
|
| $ | 27,479 |
| $ | 29,980 |
|
|
|
|
|
|
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RATIO OF EARNINGS TO FIXED CHARGES |
| 3.29 |
| 4.30 |
| ||
|
|
(1) Interest expense on income tax contingencies is not included in fixed charges.