EX-12 5 exhibit12q202.txt EXHIBIT 12 TDS Q202 FORM 10-Q Exhibit 12 ----------- TELEPHONE AND DATA SYSTEMS, INC. RATIOS OF EARNINGS TO FIXED CHARGES For the Six Months ended June 30, 2002 (Dollars In Thousands) EARNINGS: Income from Continuing Operations before income taxes $ (1,532,038) Add (Deduct): Earnings on Equity Method (18,807) Distributions from Minority Subsidiaries 6,217 Minority interests in pre-tax income of subsidiaries that do not have fixed charges (5,175) -------------- $ (1,549,803) Add fixed charges: Consolidated interest expense $ 71,124 Interest Portion (1/3) of Consolidated Rent Expense 9,322 -------------- $ (1,469,357) ============== FIXED CHARGES: Consolidated interest expense $ 71,124 Interest Portion (1/3) of Consolidated Rent Expense 9,322 -------------- $ 80,446 ============== RATIO OF EARNINGS TO FIXED CHARGES (18.27) ============== Tax-Effected Redeemable Preferred Dividends $ 18 Fixed Charges 80,446 -------------- Fixed Charges and Redeemable Preferred Dividends $ 80,464 ============== RATIO OF EARNINGS TO FIXED CHARGES AND REDEEMABLE PREFERRED DIVIDENDS (18.26) ============== Tax-Effected Preferred Dividends $ 388 Fixed Charges 80,446 -------------- Fixed Charges and Preferred Dividends $ 80,834 ============== RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS (18.18) ============== The dollar deficiency resulting in less than one-to-one coverage is $1,549,803.