Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Six Months
Ended
June 30, 1996
----------------------
(Dollars in thousands)
EARNINGS
Income from Continuing Operations before
income taxes $ 174,420
Add (Deduct):
Minority Share of Cellular Losses (218)
Earnings on Equity Method (22,328)
Distributions from Minority Subsidiaries 10,208
Amortization of Capitalized Interest --
Minority interest in income of majority-owned --
subsidiaries that have fixed charges ------------
$ 162,082
------------
Add fixed charges:
Consolidated interest expense 11,755
Interest Portion (1/3) of Consolidated 1,627
Rent Expense ------------
$ 175,464
------------
FIXED CHARGES
Consolidated interest expense 11,755
Interest Portion (1/3) of Consolidated 1,627
Rent Expense -------------
$ 13,382
-------------
RATIO OF EARNINGS TO FIXED CHARGES 13.11
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Tax-Effected Preferred Dividends $ --
Fixed Charges 13,382
-------------
Fixed Charges and Preferred Dividends $ 13,382
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS 13.11
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