EX-12 2 exhibit12.htm EX-12 exhibit12.htm - Generated by SEC Publisher for SEC Filing  

 

 

Exhibit 12

UNITED STATES CELLULAR CORPORATION

  

RATIO OF EARNINGS TO FIXED CHARGES

 

 

Six Months Ended

 

June 30,

  

2012 

  

2011 

(Dollars in thousands)

 

 

 

 

 

 

 

EARNINGS:

 

 

 

 

 

  

  

  

Income before income taxes

$

188,495

 

 

$

180,841

 

 

Add (deduct):

 

  

 

 

 

    

 

 

 

Equity in earnings of unconsolidated entities

 

(46,768

)

 

 

(43,360

)

 

 

Distributions from unconsolidated entities

 

6,743

 

 

 

47,143

 

 

 

Amortization of capitalized interest

 

410

 

 

 

291

 

 

 

Income attributable to noncontrolling interests in subsidiaries

 

 

 

 

 

 

 

 

 

 

that do not have fixed charges

 

(13,367

)

 

 

(11,608

)

 

 

 

 

 

$

135,513

 

 

$

173,307

 

 

Add fixed charges:

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

 

25,771

 

 

 

40,383

 

 

 

Interest portion (1/3) of consolidated rent expense

 

23,339

 

 

 

21,584

 

 

 

 

 

 

$

184,623

 

 

$

235,274

 

 

 

 

 

 

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

 

 

 

 

Consolidated interest expense (1)

$

25,771

 

 

$

40,383

 

 

 

Capitalized interest

 

6,232

 

 

 

2,499

 

 

 

Interest portion (1/3) of consolidated rent expense

 

23,339

 

 

 

21,584

 

 

 

 

 

 

$

55,342

 

 

$

64,466

 

 

 

 

 

 

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

3.34

 

 

 

3.65

 

 

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