EX-12 2 exhibit12q204.htm EXHIBIT 12

Exhibit 12

UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Six Months ended June 30, 2004
(Dollars in Thousands)


EARNINGS        
     Income before income taxes and minority interest   $ 86,865  
         Add (Deduct):  
           Earnings on Equity Method    (32,648 )
           Distributions from Unconsolidated Entities    7,221  
           Minority interest in income of majority-owned subsidiaries that do not  
             have fixed charges    (6,023 )

    $ 55,415  
         Add fixed charges:  
           Consolidated interest expense   $ 40,415  
           Deferred debt amortization expense    851  
           Interest Portion (1/3) of Consolidated Rent Expense    11,610  

    $ 108,291  

   FIXED CHARGES  
         Consolidated interest expense   $ 40,415  
         Deferred debt amortization expense    851  
         Interest Portion (1/3) of Consolidated Rent Expense    11,610  

    $ 52,876  

   RATIO OF EARNINGS TO FIXED CHARGES    2.05