EX-12 2 a06-1481_1ex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION
RATIOS OF EARNINGS TO FIXED CHARGES

 

 

 

Three Months Ended
March 31,

 

 

 

2005

 

2004

 

 

 

(As Restated)

 

(As Restated)

 

 

 

(Dollars in Thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes and minority interest

 

$

36,033

 

$

23,244

 

Add (deduct):

 

 

 

 

 

Earnings on equity method investments

 

(14,440

)

(13,784

)

Distributions from unconsolidated entities

 

1,394

 

3,541

 

Minority interests in pre-tax income of subsidiaries that do not have fixed charges

 

(2,646

)

(3,306

)

 

 

20,341

 

9,695

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense

 

20,738

 

20,315

 

Interest portion (1/3) of consolidated rent expense

 

6,451

 

6,057

 

 

 

$

47,530

 

$

36,067

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense

 

$

20,738

 

$

20,315

 

Interest portion (1/3) of consolidated rent expense

 

6,451

 

6,057

 

 

 

$

27,189

 

$

26,372

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

1.75

 

1.37