EX-12 2 a06-25501_2ex12.htm EX-12

Exhibit 12

UNITED STATES CELLULAR CORPORATION

RATIOS OF EARNINGS TO FIXED CHARGES

 

 

Six Months Ended
June 30,

 

 

 

2006

 

2005

 

 

 

(As Restated)

 

(As Restated)

 

 

 

(Dollars in Thousands)

 

EARNINGS:

 

 

 

 

 

 Income before income taxes and minority interest

 

$

158,499

 

$

122,694

 

 Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(41,440

)

(31,815

)

Distributions from unconsolidated entities

 

37,176

 

27,660

 

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

 

(6,709

)

(5,700

)

 

 

$

147,526

 

$

112,839

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense

 

46,215

 

42,182

 

Interest portion (1/3) of consolidated rent expense

 

14,917

 

14,695

 

 

 

$

208,658

 

$

169,716

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense

 

$

46,215

 

$

42,182

 

Interest portion (1/3) of consolidated rent expense

 

14,917

 

14,695

 

 

 

$

61,132

 

$

56,877

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

3.41

 

2.98