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-31.1 - 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 |
| 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 |
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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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Nine Months Ended |
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September 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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(119,355) |
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$ |
304,388 |
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Add (deduct): |
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Equity in earnings of unconsolidated entities |
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(108,198) |
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(100,303) |
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Distributions from unconsolidated entities |
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74,864 |
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51,879 |
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Amortization of capitalized interest |
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5,575 |
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2,604 |
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Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
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(633) |
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(5,839) |
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(147,747) |
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252,729 |
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Add fixed charges: |
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Consolidated interest expense (2) |
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83,775 |
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73,208 |
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Interest portion (1/3) of consolidated rent expense |
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34,456 |
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38,201 |
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$ |
(29,516) |
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$ |
364,138 |
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FIXED CHARGES: |
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Consolidated interest expense (2) |
$ |
83,775 |
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$ |
73,208 |
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Capitalized interest |
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6,563 |
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17,029 |
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Interest portion (1/3) of consolidated rent expense |
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34,456 |
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38,201 |
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$ |
124,794 |
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$ |
128,438 |
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RATIO OF EARNINGS TO FIXED CHARGES |
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* |
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2.84 |
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Tax-effected preferred dividends |
$ |
43 |
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40 |
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Fixed charges |
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124,794 |
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128,438 |
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Fixed charges and preferred dividends |
$ |
124,837 |
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$ |
128,478 |
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RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS |
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* |
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2.83 |
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(1) |
Includes Loss on impairment of assets of $84.0 million, Gain on license sales and exchanges of $91.4 million and Gain on sale of business and other exit costs, net of $9.1 million in 2014, and Gain on sale of business and other exit costs, net of $297.6 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 nine months ended September 30, 2014 were inadequate to cover Fixed charges and Fixed charges and preferred dividends by $154.3 million. |
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