AT&T INC. - FORM 10-Q - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - August 7, 2015

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10-Q - AT&T 2015 FORM 10-Q - AT&T INC.q2_10q.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AT&T INC.ex31_1.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AT&T INC.ex31_2.htm
EX-32 - SECTION 1350 CERTIFICATIONS - AT&T INC.ex32.htm
EX-10 - DIRECTV DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS - AT&T INC.ex10.htm
                           
EXHIBIT 12
  
AT&T INC.
  
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
  
Dollars in Millions
  
 
   
Six Months Ended
      
   
June 30,
    
Year Ended December 31,
  
 
(Unaudited)
  
   
2015
   
2014
   
2014
   
2013
   
2012
   
2011
   
2010
 
 Earnings:
                            
Income from continuing operations before income taxes
  
$
9,488
    
$
11,757
    
$
9,960
    
$
27,777
    
$
10,439
    
$
6,716
    
$
18,238
  
Equity in net income of affiliates included above
    
(33
)
    
(190
)
    
(175
)
    
(642
)
    
(752
)
    
(784
)
    
(762
)
Fixed charges
    
2,924
      
2,559
      
5,295
      
5,452
      
4,876
      
4,835
      
4,723
  
Distributed income of equity affiliates
    
10
      
132
      
148
      
318
      
137
      
161
      
161
  
Interest
    
(339
)
    
(118
)
    
(234
)
    
(284
)
    
(263
)
    
(162
)
    
(772
)
                                                         
Earnings, as adjusted
  
$
12,050
    
$
14,140
    
$
14,994
    
$
32,621
    
$
14,437
    
$
10,766
    
$
21,588
  
                                                         
 Fixed Charges:
                                                        
Interest expense
  
$
1,831
    
$
1,741
    
$
3,613
    
$
3,940
    
$
3,444
    
$
3,535
    
$
2,994
  
Interest capitalized
    
339
      
118
      
234
      
284
      
263
      
162
      
772
  
Portion of rental expense representative of interest factor
    
754
      
700
      
1,448
      
1,228
      
1,169
      
1,138
      
957
  
                                                         
Fixed Charges
  
$
2,924
    
$
2,559
    
$
5,295
    
$
5,452
    
$
4,876
    
$
4,835
    
$
4,723
  
                                                         
Ratio of Earnings to Fixed Charges
    
4.12
      
5.53
      
2.83
      
5.98
      
2.96
      
2.23
      
4.57
  
                                                         

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