Attached files
| file | filename |
|---|---|
| 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-32.2 - EX-32.2 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit32_2.htm |
| EX-10.3 - EX-10.3 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit10_3.htm |
| EX-31.1 - EX-31.1 - TELEPHONE & DATA SYSTEMS INC /DE/ | exhibit31_1.htm |
| 10-Q - 10-Q - TELEPHONE & DATA SYSTEMS INC /DE/ | tds_form10q.htm |
TELEPHONE AND DATA SYSTEMS, INC.
RATIO OF EARNINGS TO FIXED CHARGES
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Three Months Ended |
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March 31, |
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2016 |
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2015 |
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(Dollars in millions) |
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EARNINGS: |
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Income before income taxes1 |
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$ |
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Add (deduct): |
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Equity in earnings of unconsolidated entities |
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Distributions from unconsolidated entities |
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Amortization of capitalized interest |
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Income attributable to noncontrolling interests in subsidiaries that do not have fixed charges |
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Add fixed charges: |
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Consolidated interest expense2 |
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Interest portion (1/3) of consolidated rent expense |
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$ |
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$ |
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FIXED CHARGES: |
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Consolidated interest expense2 |
$ |
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$ |
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Capitalized interest |
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Interest portion (1/3) of consolidated rent expense |
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$ |
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$ |
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RATIO OF EARNINGS TO FIXED CHARGES3 |
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1 |
Includes Gain on sale of business and other exit costs, net of $124 million in 2015. Additionally, includes $123 million of Gain on license sales and exchanges, net in 2015. |
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2 |
Interest expense on income tax contingencies is not included in fixed charges. |
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3 |
Ratio of earnings to fixed charges and preferred dividends was also 1.03 and 6.18 for the three months ended March 31, 2016 and 2015, respectively. |
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