EX-12 2 a09-18687_1ex12.htm EX-12

Exhibit 12

 

UNITED STATES CELLULAR CORPORATION

 

RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Six Months Ended
June 30,

 

 

 

2009

 

2008

 

 

 

(Dollars in thousands)

 

EARNINGS:

 

 

 

 

 

Income before income taxes

 

$

268,907

 

$

244,073

 

Add (deduct):

 

 

 

 

 

Equity in earnings of unconsolidated entities

 

(50,121

)

(44,042

)

Distributions from unconsolidated entities

 

12,997

 

45,569

 

Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges

 

(12,495

)

(10,717

)

 

 

$

219,288

 

$

234,883

 

Add fixed charges:

 

 

 

 

 

Consolidated interest expense(1)

 

38,409

 

40,889

 

Interest portion (1/3) of consolidated rent expense

 

20,810

 

18,265

 

 

 

$

278,507

 

$

294,037

 

 

 

 

 

 

 

FIXED CHARGES:

 

 

 

 

 

Consolidated interest expense(1)

 

$

38,409

 

$

40,889

 

Capitalized interest

 

642

 

 

Interest portion (1/3) of consolidated rent expense

 

20,810

 

18,265

 

 

 

$

59,861

 

$

59,154

 

 

 

 

 

 

 

RATIO OF EARNINGS TO FIXED CHARGES

 

4.65

 

4.97

 

 


(1) Interest expense on income tax contingencies is not included in fixed charges.