Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
|
| Nine Months Ended |
| ||||
|
| September 30, |
| ||||
(Dollars in thousands) |
| 2011 |
| 2010 |
| ||
EARNINGS: |
|
|
|
|
| ||
Income before income taxes |
| $ | 293,640 |
| $ | 233,806 |
|
Add (deduct): |
|
|
|
|
| ||
Equity in earnings of unconsolidated entities |
| (65,289 | ) | (74,418 | ) | ||
Distributions from unconsolidated entities |
| 52,037 |
| 59,149 |
| ||
Amortization of capitalized interest |
| 447 |
| 355 |
| ||
Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
| (19,044 | ) | (17,540 | ) | ||
|
| $ | 261,791 |
| $ | 201,352 |
|
Add fixed charges: |
|
|
|
|
| ||
Consolidated interest expense (1) |
| 51,905 |
| 48,918 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 32,613 |
| 29,624 |
| ||
|
| $ | 346,309 |
| $ | 279,894 |
|
|
|
|
|
|
| ||
FIXED CHARGES: |
|
|
|
|
| ||
Consolidated interest expense (1) |
| $ | 51,905 |
| $ | 48,918 |
|
Capitalized interest |
| 6,828 |
| 1,688 |
| ||
Interest portion (1/3) of consolidated rent expense |
| 32,613 |
| 29,624 |
| ||
|
| $ | 91,346 |
| $ | 80,230 |
|
|
|
|
|
|
| ||
RATIO OF EARNINGS TO FIXED CHARGES |
| 3.79 |
| 3.49 |
| ||
(1) Interest expense on income tax contingencies is not included in fixed charges.