Exhibit 12 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES For the Nine Months Ended September 30, 1994 (Dollars In Thousands) EARNINGS Income from Continuing Operations before income taxes $ 18,686 Add (Deduct): Minority Share of Cellular Losses (96) Earnings on Equity Method (20,938) Distributions from Minority Subsidiaries 11,739 Amortization of Capitalized Interest 15 Minority interest in income of majority-owned subsidiaries that have fixed charges 282 --------- 9,688 Add fixed charges: Consolidated interest expense 14,987 Interest Portion (1/3) of Consolidated Rent Expense 1,222 --------- $ 25,897 ========= FIXED CHARGES Consolidated interest expense $ 14,987 Interest Portion (1/3) of Consolidated Rent Expense 1,222 --------- $ 16,209 ========= RATIO OF EARNINGS TO FIXED CHARGES 1.60 ========= Tax-Effected Preferred Dividends $ - Fixed Charges 16,209 --------- Fixed Charges and Preferred Dividends $ 16,209 ========= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 1.60 =========