EX-12 2 exhibit12q205.htm

Exhibit 12

UNITED STATES CELLULAR CORPORATION AND SUBSIDIARIES
RATIOS OF EARNINGS TO FIXED CHARGES


Six Months Ended
June 30,

2005 2004


(Dollars in thousands)
EARNINGS:            
  Income before income taxes and minority interest   $ 98,425   $ 86,865  
  Add (deduct):  
    Earnings on equity method investments    (30,076 )  (32,648 )
    Distributions from unconsolidated entities    27,956    7,221  
    Minority interests in pre-tax income of subsidiaries that do not  
       have fixed charges    (5,069 )  (6,023 )


     91,236    55,415  
    Add fixed charges:  
      Consolidated interest expense    42,182    41,266  
      Interest portion (1/3) of consolidated rent expense    17,687    11,610  


    $ 151,105   $ 108,291  


FIXED CHARGES:  
    Consolidated interest expense   $ 42,182   $ 41,266  
    Interest portion (1/3) of consolidated rent expense    17,687    11,610  


    $ 59,869   $ 52,876  


RATIO OF EARNINGS TO FIXED CHARGES    2.52    2.05