Exhibit 12 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES Three Months Ended March 31, 1996 ------------------------ (Dollars in thousands) EARNINGS Income from Continuing Operations before income taxes $ 53,431 Add (Deduct): Minority Share of Cellular Losses (172) Earnings on Equity Method (10,303) Distributions from Minority Subsidiaries 2,919 ------------ 45,875 Add fixed charges: Consolidated interest expense 5,806 Interest Portion (1/3) of Consolidated Rent Expense 814 ------------ $ 52,495 ============ FIXED CHARGES Consolidated interest expense $ 5,806 Interest Portion (1/3) of Consolidated Rent Expense 814 ------------ $ 6,620 ============ RATIO OF EARNINGS TO FIXED CHARGES 7.93 ============ Tax-Effected Preferred Dividends $ -- Fixed Charges 6,620 ------------ Fixed Charges and Preferred Dividends $ 6,620 ============ RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 7.93 ============