Exhibit 12
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UNITED STATES CELLULAR CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
Six Months
Ended
June 30, 2000
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(Dollars in thousands)
<S> <C>
EARNINGS
Income from Continuing Operations before
income taxes $ 180,383
Add (Deduct):
Minority Share of Cellular Losses (127)
Earnings on Equity Method (19,557)
Distributions from Minority Subsidiaries 9,698
-------------------
$ 170,397
Add fixed charges:
Consolidated interest expense 18,347
Deferred debt expense 391
Interest Portion (1/3) of Consolidated
Rent Expense 4,638
-------------------
$ 193,773
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FIXED CHARGES
Consolidated interest expense 18,347
Deferred debt expense 391
Interest Portion (1/3) of Consolidated
Rent Expense 4,638
-------------------
$ 23,376
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RATIO OF EARNINGS TO FIXED CHARGES 8.29
===================
Tax-Effected Preferred Dividends $ 121
Fixed Charges 23,376
-------------------
Fixed Charges and Preferred Dividends $ 23,497
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RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED DIVIDENDS
8.25
===================
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