Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - VERIZON COMMUNICATIONS INC | Financial_Report.xls |
EX-32.2 - EX-32.2 - VERIZON COMMUNICATIONS INC | d787433dex322.htm |
EX-32.1 - EX-32.1 - VERIZON COMMUNICATIONS INC | d787433dex321.htm |
EX-31.1 - EX-31.1 - VERIZON COMMUNICATIONS INC | d787433dex311.htm |
EX-31.2 - EX-31.2 - VERIZON COMMUNICATIONS INC | d787433dex312.htm |
10-Q - 10-Q - VERIZON COMMUNICATIONS INC | d787433d10q.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
(dollars in millions) | Nine Months Ended September 30, 2014 |
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Earnings: |
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Income before provision for income taxes |
$ | 19,156 | ||
Equity in earnings of unconsolidated businesses |
(1,811 | ) | ||
Dividends from unconsolidated businesses |
26 | |||
Interest expense (1) |
3,633 | |||
Portion of rent expense representing interest |
674 | |||
Amortization of capitalized interest |
143 | |||
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Earnings, as adjusted |
$ | 21,821 | ||
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Fixed Charges: |
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Interest expense (1) |
$ | 3,633 | ||
Portion of rent expense representing interest |
674 | |||
Capitalized interest |
324 | |||
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Fixed charges |
$ | 4,631 | ||
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Ratio of earnings to fixed charges |
4.71 | |||
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(1) | We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges. |