EX-12 3 a07-16312_1ex12.htm EX-12

Exhibit 12

TELEPHONE AND DATA SYSTEMS, INC.

RATIOS OF EARNINGS TO FIXED CHARGES

 

 

 

Three Months Ended
March 31,

 

 

 

2007

 

2006

 

 

 

(Dollars in Thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes and minority interest

 

$

378,534

 

$

79,043

 

Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(23,696

)

(19,805

)

Distributions from unconsolidated entities

 

2,321

 

5,676

 

Minority interests in pre-tax income of subsidiaries that do not have fixed charges

 

(4,465

)

(3,149

)

 

 

352,694

 

61,765

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense (1)

 

57,801

 

58,532

 

Interest portion (1/3) of consolidated rent expense

 

11,321

 

10,150

 

 

 

$

421,816

 

$

130,447

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense (1)

 

$

57,801

 

$

58,532

 

Capitalized interest

 

(3,483

)

—

 

Interest portion (1/3) of consolidated rent expense

 

11,321

 

10,150

 

 

 

$

65,639

 

$

68,682

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

6.43

 

1.90

 

 

 

 

 

 

 

Tax-effected preferred dividends

 

$

21

 

$

87

 

Fixed charges

 

65,639

 

68,682

 

Fixed charges and preferred dividends

 

$

65,660

 

$

68,769

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS

 

6.42

 

1.90

 

 

(1) Interest expense on income tax contingencies is not included in fixed charges