Exhibit 12 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES Nine Months Ended September 30, 1998 ---------------------- (Dollars in thousands) EARNINGS Income from Continuing Operations before income taxes $ 333,375 Add (Deduct): Minority Share of Cellular Losses (348) Earnings on Equity Method (31,410) Distributions from Minority Subsidiaries 16,320 --------------- $ 317,937 Add fixed charges: Consolidated interest expense 26,786 Deferred debt expense 3,050 Interest Portion (1/3) of Consolidated Rent Expense 4,293 --------------- $ 352,066 =============== FIXED CHARGES Consolidated interest expense 26,786 Deferred debt expense 3,050 Interest Portion (1/3) of Consolidated Rent Expense 4,293 --------------- $ 34,129 =============== RATIO OF EARNINGS TO FIXED CHARGES 10.32 =============== Tax-Effected Preferred Dividends $ 59 Fixed Charges 34,129 --------------- Fixed Charges and Preferred Dividends $ 34,188 RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 10.30 ===============