Attached files
Exhibit 12
QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Years Ended December 31, | ||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Income before income taxes and cumulative effect of changes in accounting principles |
$ | 1,921 | $ | 2,267 | $ | 2,440 | $ | 1,882 | $ | 1,628 | ||||||||||
Add: estimated fixed charges |
705 | 671 | 682 | 700 | 700 | |||||||||||||||
Add: estimated amortization of capitalized interest |
11 | 12 | 10 | 10 | 12 | |||||||||||||||
Less: interest capitalized |
(10 | ) | (14 | ) | (12 | ) | (12 | ) | (10 | ) | ||||||||||
Total earnings available for fixed charges |
$ | 2,627 | $ | 2,936 | $ | 3,120 | $ | 2,580 | $ | 2,330 | ||||||||||
Estimate of interest factor on rentals |
$ | 63 | $ | 68 | $ | 62 | $ | 72 | $ | 82 | ||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs(1) |
632 | 589 | 608 | 616 | 608 | |||||||||||||||
Interest capitalized |
10 | 14 | 12 | 12 | 10 | |||||||||||||||
Total fixed charges |
$ | 705 | $ | 671 | $ | 682 | $ | 700 | $ | 700 | ||||||||||
Ratio of earnings to fixed charges |
3.7 | 4.4 | 4.6 | 3.7 | 3.3 |
(1) | Interest expense includes only interest related to long-term borrowings and capital lease obligations. |