Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - TELEPHONE & DATA SYSTEMS INC /DE/ | q309_10-q.htm |
| EX-31.1 - EX-31.1 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit311.htm |
| EX-31.2 - EX-31.2 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit312.htm |
| EX-32.2 - EX-32.2 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit322.htm |
| EX-32.1 - EX-32.1 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit321.htm |
Exhibit 12
TELEPHONE AND DATA SYSTEMS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
|
|
Nine Months Ended September 30, | ||||||||||
|
|
|
|
|
|
2009 |
|
2008 | ||||
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|
|
|
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(Dollars in thousands) | ||||||
|
EARNINGS: |
|
|
|
|
|
||||||
|
|
Income before income taxes |
$ |
352,665 |
|
$ |
483,301 |
|||||
|
|
Add (deduct): |
|
|
|
|
|
|||||
|
|
|
Equity in earnings of unconsolidated entities |
|
(67,034 |
) |
|
|
(66,945 |
) | ||
|
|
|
Distributions from unconsolidated entities |
|
51,668 |
|
|
51,224 |
||||
|
|
|
Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
|
(16,508 |
) |
|
|
(14,815 |
) | ||
|
|
|
|
|
|
|
320,791 |
|
|
452,765 |
||
|
|
Add fixed charges: |
|
|
|
|
|
|||||
|
|
|
Consolidated interest expense (1) |
|
92,780 |
|
|
108,634 |
||||
|
|
|
Interest portion (1/3) of consolidated rent expense |
|
38,113 |
|
|
35,238 |
||||
|
|
|
|
|
|
$ |
451,684 |
|
$ |
596,637 |
||
|
|
|
|
|
|
|
|
|
|
|
||
|
FIXED CHARGES: |
|
|
|
|
|
||||||
|
|
|
Consolidated interest expense (1) |
$ |
92,780 |
|
$ |
108,634 |
||||
|
|
|
Capitalized interest |
|
2,739 |
|
|
870 |
||||
|
|
|
Interest portion (1/3) of consolidated rent expense |
|
38,113 |
|
|
35,238 |
||||
|
|
|
|
|
|
$ |
133,632 |
|
$ |
144,742 |
||
|
|
|
|
|
|
|
|
|
|
|
||
|
RATIO OF EARNINGS TO FIXED CHARGES |
|
3.38 |
|
|
4.12 |
||||||
|
|
|
|
|
|
|
|
|
|
|
||
|
|
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Tax-effected preferred dividends |
$ |
59 |
|
$ |
62 |
||||
|
|
|
Fixed charges |
|
133,632 |
|
|
144,742 |
||||
|
|
|
Fixed charges and preferred dividends |
$ |
133,691 |
|
$ |
144,804 |
||||
|
|
|
|
|
|
|
|
|
|
|
||
|
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |
|
3.38 |
|
|
4.12 |
||||||
(1) Interest expense on income tax contingencies is not included in fixed charges.