EX-12 2 a06-15129_1ex12.htm EX-12

Exhibit 12

UNITED STATES CELLULAR CORPORATION

RATIOS OF EARNINGS TO FIXED CHARGES

 

 

Three Months Ended
March 31,

 

 

 

2006

 

2005

 

 

 

(Dollars in Thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes and minority interest

 

$

68,786

 

$

36,033

 

Add (deduct):

 

 

 

 

 

Earnings on equity method investments

 

(19,483

)

(14,440

)

Distributions from unconsolidated entities

 

5,547

 

1,394

 

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

 

(3,863

)

(2,646

)

 

 

50,987

 

20,341

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense

 

23,208

 

20,738

 

Interest portion (1/3) of consolidated rent expense

 

7,334

 

6,451

 

 

 

$

81,529

 

$

47,530

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense

 

$

23,208

 

$

20,738

 

Interest portion (1/3) of consolidated rent expense

 

7,334

 

6,451

 

 

 

$

30,542

 

$

27,189

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

2.67

 

1.75