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10-Q - 10-Q - QWEST CORPctq2015093010q.htm
EX-31.2 - EXHIBIT 31.2 - QWEST CORPctq2015093010qex312.htm
EX-32 - EXHIBIT 32 - QWEST CORPctq2015093010qex32.htm
EX-31.1 - EXHIBIT 31.1 - QWEST CORPctq2015093010qex311.htm




Exhibit 12

QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

 
 
Successor
 
 
Predecessor
 
 
Nine Months Ended 
 September 30,
 
Years Ended December 31,
 
Nine Months
Ended
December 31,
 
 
Three Months
Ended
March 31,
 
Year Ended December 31,
 
 
2015
 
2014
 
2013
 
2012
 
2011
 
 
2011
 
2010
Income before income tax expense
 
$
1,243

 
1,609

 
1,566

 
1,391

 
892

 
 
490

 
1,873

Add: estimated fixed charges
 
427

 
546

 
557

 
513

 
342

 
 
171

 
689

Add: estimated amortization of capitalized interest
 
6

 
8

 
8

 
9

 
7

 
 
2

 
10

Less: interest capitalized
 
(14
)
 
(17
)
 
(17
)
 
(18
)
 
(5
)
 
 
(3
)
 
(12
)
Total earnings available for fixed charges
 
$
1,662

 
2,146

 
2,114

 
1,896

 
1,236

 
 
660

 
2,560

Estimate of interest factor on rentals
 
$
18

 
25

 
26

 
28

 
38

 
 
18

 
62

Interest expense, including amortization of premiums, discounts and debt issuance costs
 
395

 
504

 
514

 
467

 
299

 
 
150

 
615

Interest capitalized
 
14

 
17

 
17

 
18

 
5

 
 
3

 
12

Total fixed charges
 
$
427

 
546

 
557

 
513

 
342

 
 
171

 
689

Ratio of earnings to fixed charges
 
3.9

 
3.9

 
3.8

 
3.7

 
3.6

 
 
3.9

 
3.7