Attached files
| file | filename |
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| EXCEL - IDEA: XBRL DOCUMENT - TELEPHONE & DATA SYSTEMS INC /DE/ | Financial_Report.xls |
| 10-Q - 10-Q - TELEPHONE & DATA SYSTEMS INC /DE/ | tds_form10q.htm |
| EX-31.2 - EX-31.2 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit31_2.htm |
| EX-32.1 - EX-32.1 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit32_1.htm |
| EX-31.1 - EX-31.1 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit31_1.htm |
| EX-32.2 - EX-32.2 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit32_2.htm |
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Exhibit 12 |
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TELEPHONE AND DATA SYSTEMS, INC. RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |
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Six Months Ended |
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June 30, |
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2014 |
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2013 |
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(Dollars in thousands) |
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EARNINGS: |
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Income (loss) before income taxes (1) |
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(7,446) |
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$ |
322,173 |
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Add (deduct): |
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Equity in earnings of unconsolidated entities |
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(72,117) |
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(62,694) |
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Distributions from unconsolidated entities |
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65,569 |
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47,635 |
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Amortization of capitalized interest |
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3,301 |
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1,318 |
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Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
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(645) |
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(5,522) |
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(11,338) |
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302,910 |
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Add fixed charges: |
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Consolidated interest expense (2) |
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56,605 |
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48,247 |
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Interest portion (1/3) of consolidated rent expense |
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23,126 |
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27,276 |
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$ |
68,393 |
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$ |
378,433 |
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FIXED CHARGES: |
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Consolidated interest expense (2) |
$ |
56,605 |
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$ |
48,247 |
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Capitalized interest |
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3,824 |
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12,062 |
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Interest portion (1/3) of consolidated rent expense |
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23,126 |
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27,276 |
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$ |
83,555 |
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$ |
87,585 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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* |
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4.32 |
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Tax-effected preferred dividends |
$ |
39 |
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$ |
57 |
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Fixed charges |
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83,555 |
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87,585 |
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Fixed charges and preferred dividends |
$ |
83,594 |
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$ |
87,642 |
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RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |
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4.32 |
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(1) |
Includes Gain on license sales and exchanges of $91.4 million and Gain on sale of business and other exit costs, net of $4.3 million in 2014, and Gain on sale of business and other exit costs, net of $296.1 million in 2013. |
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(2) |
Interest expense on income tax contingencies is not included in fixed charges. |
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* |
Earnings for the six months ended June 30, 2014 were inadequate to cover Fixed charges and Fixed charges and preferred dividends by $15.2 million. |
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