EX-12 3 exhibit12.txt Q2 EXHIBIT 12 Exhibit 12 UNITED STATES CELLULAR CORPORATION RATIO OF EARNINGS TO FIXED CHARGES Six Months Ended June 30, 2001 ---------------- (Dollars in thousands) EARNINGS Income from Continuing Operations before income taxes $ 167,646 Add (Deduct): Earnings on Equity Method (16,995) Distributions from Minority Subsidiaries 6,960 --------- $ 157,611 Add fixed charges: Consolidated interest expense $ 17,132 Deferred debt expense 391 Interest Portion (1/3) of Consolidated Rent Expense 5,466 --------- $ 180,600 ========= FIXED CHARGES Consolidated interest expense $ 17,132 Deferred debt expense 391 Interest Portion (1/3) of Consolidated Rent Expense 5,466 --------- $ 22,989 ========= RATIO OF EARNINGS TO FIXED CHARGES 7.86 ========= Tax-Effected Preferred Dividends $ 58 Fixed Charges 22,989 --------- Fixed Charges and Preferred Dividends $ 23,047 ========= RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS 7.84 =========