EX-12 6 a2060844zex-12.txt STATEMENT RE COMP OF RATIOS EXHIBIT 12 TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Six Months Ended December 31, 1996 - Restated (Dollars In Thousands) EARNINGS: Income from Continuing Operations before income taxes $ 293,408 Add (Deduct): Earnings on Equity Method (53,881) Distributions from Minority Subsidiaries 25,453 Amortization of Non-Telephone Capitalized Interest 3 Minority interest in pre-tax income of subsidiaries that do not have fixed charges (11,357) ----------------- 253,626 Add fixed charges: Consolidated interest expense 65,343 Interest Portion (1/3) of Consolidated Rent Expense 8,015 ----------------- $ 326,984 ================= FIXED CHARGES: Consolidated interest expense $ 65,343 Capitalized interest 3,722 Interest Portion (1/3) of Consolidated Rent Expense 8,015 ----------------- $ 77,080 ================= RATIO OF EARNINGS TO FIXED CHARGES 4.24 ================= Tax-Effected Redeemable Preferred Dividends $ 246 Fixed Charges 77,080 ----------------- Fixed Charges and Redeemable Preferred Dividends $ 77,326 ================= RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS 4.23 ================= Tax-Effected Preferred Dividends $ 3,558 Fixed Charges 77,080 ----------------- Fixed Charges and Preferred Dividends $ 80,638 ================= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 4.05 =================
TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Year ended December 31, 1997 - Restated (Dollars In Thousands) EARNINGS: Income from Continuing Operations before income taxes $ 221,872 Add (Deduct): Earnings on Equity Method (76,811) Distributions from Minority Subsidiaries 56,413 Amortization of Non-Telephone Capitalized Interest 3 Minority interest in pre-tax income of subsidiaries that do not have fixed charges (12,669) ----------------- 188,808 Add fixed charges: Consolidated interest expense 93,533 Interest Portion (1/3) of Consolidated Rent Expense 11,039 ----------------- $ 293,380 ================= FIXED CHARGES: Consolidated interest expense $ 93,533 Interest Portion (1/3) of Consolidated Rent Expense 11,039 ----------------- $ 104,572 ================= RATIO OF EARNINGS TO FIXED CHARGES 2.81 ================= Tax-Effected Redeemable Preferred Dividends $ 191 Fixed Charges 104,572 ----------------- Fixed Charges and Redeemable Preferred Dividends $ 104,763 ================= RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS 2.80 ================= Tax-Effected Preferred Dividends $ 3,330 Fixed Charges 104,572 ----------------- Fixed Charges and Preferred Dividends $ 107,902 ================= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 2.72 =================
TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Year ended December 31, 1998 - Restated (Dollars In Thousands) EARNINGS: Income from Continuing Operations before income taxes $ 393,918 Add (Deduct): Earnings on Equity Method (29,379) Distributions from Minority Subsidiaries 28,912 Amortization of Non-Telephone Capitalized Interest 3 Minority interest in pre-tax income of subsidiaries that do not have fixed charges (6,413) -------------------- 387,041 Add fixed charges: Consolidated interest expense 131,875 Interest Portion (1/3) of Consolidated Rent Expense 13,111 -------------------- $ 532,027 ==================== FIXED CHARGES: Consolidated interest expense $ 131,875 Interest Portion (1/3) of Consolidated Rent Expense 13,111 -------------------- $ 144,986 ==================== RATIO OF EARNINGS TO FIXED CHARGES 3.67 ==================== Tax-Effected Redeemable Preferred Dividends $ 143 Fixed Charges 144,986 -------------------- Fixed Charges and Redeemable Preferred Dividends $ 145,129 ==================== RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS 3.67 ==================== Tax-Effected Preferred Dividends $ 2,795 Fixed Charges 144,986 -------------------- Fixed Charges and Preferred Dividends $ 147,781 ==================== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 3.60 ====================
TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Year ended December 31, 1999 - Restated (Dollars In Thousands) EARNINGS: Income from Continuing Operations before income taxes $ 607,444 Add (Deduct): Earnings on Equity Method (18,397) Distributions from Minority Subsidiaries 26,061 Amortization of Non-Telephone Capitalized Interest 3 Minority interest in pre-tax income of subsidiaries that do not have fixed charges (7,034) ----------------- 608,077 Add fixed charges: Consolidated interest expense 124,794 Interest Portion (1/3) of Consolidated Rent Expense 15,275 ----------------- $ 748,146 ================= FIXED CHARGES: Consolidated interest expense $ 124,794 Interest Portion (1/3) of Consolidated Rent Expense 15,275 ----------------- $ 140,069 ================= RATIO OF EARNINGS TO FIXED CHARGES 5.34 ================= Tax-Effected Redeemable Preferred Dividends $ 113 Fixed Charges 140,069 ----------------- Fixed Charges and Redeemable Preferred Dividends $ 140,182 ================= RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS 5.34 ================= Tax-Effected Preferred Dividends $ 1,954 Fixed Charges 140,069 ----------------- Fixed Charges and Preferred Dividends $142,023 ================= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 5.27 =================
TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Year ended December 31, 2000 - Restated (Dollars In Thousands) EARNINGS: Income from Continuing Operations before income taxes $ 346,433 Add (Deduct): Earnings on Equity Method (28,465) Distributions from Minority Subsidiaries 34,834 Amortization of Non-Telephone Capitalized Interest 1 Minority interest in pre-tax income of subsidiaries that do not have fixed charges (7,408) ----------------- 345,395 Add fixed charges: Consolidated interest expense 125,369 Interest Portion (1/3) of Consolidated Rent Expense 17,790 ----------------- $ 488,554 ================= FIXED CHARGES: Consolidated interest expense $ 125,369 Interest Portion (1/3) of Consolidated Rent Expense 17,790 ----------------- $ 143,159 ================= RATIO OF EARNINGS TO FIXED CHARGES 3.41 ================= Tax-Effected Redeemable Preferred Dividends $ 72 Fixed Charges 143,159 ----------------- Fixed Charges and Redeemable Preferred Dividends $ 143,231 ================= RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS 3.41 ================= Tax-Effected Preferred Dividends $ 886 Fixed Charges 143,159 ------------------ Fixed Charges and Preferred Dividends $ 144,045 ================== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 3.39 ==================
TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Six Months ended June 30, 2001 - Restated (Dollars In Thousands)
(Unaudited) EARNINGS: Income from Continuing Operations before income taxes $ (469,842) Add (Deduct): Earnings on Equity Method (17,175) Distributions from Minority Subsidiaries 7,540 Amortization of Non-Telephone Capitalized Interest 0 Minority interest in pre-tax income of subsidiaries that do not have fixed charges (5,022) ----------------- (484,499) Add fixed charges: Consolidated interest expense 67,633 Interest Portion (1/3) of Consolidated Rent Expense 8,895 ----------------- $ (407,971) ================= FIXED CHARGES: Consolidated interest expense $ 67,633 Interest Portion (1/3) of Consolidated Rent Expense 8,895 ----------------- $ 76,528 ================= RATIO OF EARNINGS TO FIXED CHARGES (5.33) ================= Tax-Effected Redeemable Preferred Dividends $ 29 Fixed Charges 76,528 ----------------- Fixed Charges and Redeemable Preferred Dividends $ 76,557 ================= RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS (5.33) ================= Tax-Effected Preferred Dividends $ 384 Fixed Charges 76,528 ------------------ Fixed Charges and Preferred Dividends $ 76,912 ================== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS (5.30) ==================