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Exhibit 12
TELEPHONE AND DATA SYSTEMS, INC.
RATIOS OF EARNINGS TO FIXED CHARGES
For the Nine Months ended September 30, 2000
(Dollars In Thousands)
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EARNINGS:
Income from Continuing Operations before income taxes $ 261,978
Add (Deduct):
Minority Share of Losses (195)
Earnings on Equity Method (16,141)
Distributions from Minority Subsidiaries 14,625
Minority interest in majority-owned subsidiaries
that have fixed charges 36,313
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296,580
Add fixed charges:
Consolidated interest expense 90,752
Interest Portion (1/3) of Consolidated Rent Expense 11,457
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$ 398,789
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FIXED CHARGES:
Consolidated interest expense $ 90,752
Interest Portion (1/3) of Consolidated Rent Expense 11,457
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$ 102,209
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RATIO OF EARNINGS TO FIXED CHARGES 3.90
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Tax-Effected Redeemable Preferred Dividends
$ 59
Fixed Charges 102,209
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Fixed Charges and Redeemable Preferred Dividends $ 102,268
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RATIO OF EARNINGS TO FIXED CHARGES
AND REDEEMABLE PREFERRED DIVIDENDS 3.90
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Tax-Effected Preferred Dividends $ 725
Fixed Charges 102,209
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Fixed Charges and Preferred Dividends $ 102,934
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS 3.87
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