EX-12.1 2 a2135473zex-12_1.htm EX-12.1

Exhibit 12.1

UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
For the Twelve Months Ended December 31, 2003

(Dollars In Thousands)
As Restated

EARNINGS:        
  Income (loss) before income taxes and minority interest   $ 106,150  
    Add (Deduct):        
      Earnings on Equity Method Investments     (52,063 )
      Distributions from Minority Subsidiaries     44,833  
      Minority interest in income of majority-owned subsidiaries that do not have fixed charges     (14,622 )
   
 

 

 

 

84,298

 
   
Add fixed charges:

 

 

 

 
      Consolidated interest expense     63,048  
      Deferred Debt Amortization Expense     1,559  
      Interest Portion (1/3) of Consolidated Rent Expense     17,412  
   
 
    $ 166,317  
   
 

FIXED CHARGES:

 

 

 

 
      Consolidated interest expense   $ 63,048  
      Deferred Debt Amortization Expense     1,559  
      Interest Portion (1/3) of Consolidated Rent Expense     17,412  
   
 

 

 

$

82,019

 
   
 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

2.03