EX-12 6 a2103341zex-12.txt EXHIBIT 12 Exhibit 12 UNITED STATES CELLULAR CORPORATION AND SUBSIDIARIES RATIO OF EARNINGS TO FIXED CHARGES For the Twelve Months Ended December 31, 2002 (Dollars in Thousands)
12 months ended 12/31/02 ----------- EARNINGS: Income from continuing operations before income taxes $ (12,388) Add (Deduct): Earnings on equity method (42,068) Distributions from minority subsidiaries 28,881 Minority interest in income of majority-owned subsidiaries that do not have fixed charges (16,829) ----------- (42,404) Add fixed charges: Consolidated interest expense 46,887 Deferred debt amortization expense 991 Interest portion (1/3) of consolidated rent expense 19,061 ----------- $ 24,535 ----------- FIXED CHARGES: Consolidated interest expense 46,887 Deferred debt amortization expense 991 Interest portion (1/3) of consolidated rent expense 19,061 ----------- $ 66,939 ----------- RATIO OF EARNINGS TO FIXED CHARGES -- =========== Preferred dividends, net of tax $ 70 Fixed charges 66,939 ----------- Fixed Charges and Preferred Dividends $ 67,009 ----------- RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS -- ===========
-------- The dollar deficiency resulting in less than one-to-one coverage is $42,404 for the ratio of earnings to fixed charges and $42,474 for the ratio of earnings to fixed charges and preferred dividends.