Exhibit 12
UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Nine Months
Ended
September 30, 1997
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(Dollars in thousands)
EARNINGS
Income from Continuing Operations before
income taxes $ 152,504
Add (Deduct):
Minority Share of Cellular Losses (200)
Earnings on Equity Method (60,537)
Distributions from Minority Subsidiaries 39,861
Amortization of Capitalized Interest --
Minority interest in income of majority-owned --
subsidiaries that have fixed charges
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131,628
Add fixed charges:
Consolidated interest expense 19,911
Interest Portion (1/3) of Consolidated Rent Expense 3,094
Amortization of debt expense and discount on
indebtedness 384
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$ 155,017
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FIXED CHARGES
Consolidated interest expense $ 19,911
Interest Portion (1/3) of Consolidated Rent Expense 3,094
Amortization of debt expense and discount on indebtedness 384
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$ 23,389
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RATIO OF EARNINGS TO FIXED CHARGES 6.63
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Tax-Effected Preferred Dividends $ 62
Fixed Charges 23,389
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Fixed Charges and Preferred Dividends $ 23,451
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS $ 6.61
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