AT&T INC. - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - February 18, 2016

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EX-99 - SUPPLEMENTAL INTERIM FINANCIAL INFORMATION - AT&T INC.ex99.htm
EX-24 - POWERS OF ATTORNEY - AT&T INC.ex24.htm
EX-13 - AT&T INC. 2015 ANNUAL REPORT - AT&T INC.ex13.htm
EX-21 - SUBSIDIARIES OF AT&T INC. - AT&T INC.ex21.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - AT&T INC.ex23.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AT&T INC.ex31_2.htm
EX-10 - AT&T HEALTH PLAN - AT&T INC.ex10_l.htm
EX-10 - AT&T PENSION BENEFIT MAKE UP PLAN NO. 1 - AT&T INC.ex10_m.htm
EX-32 - SECTION 1350 CERTIFICATION - AT&T INC.ex32.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AT&T INC.ex31_1.htm
10-K - AT&T INC. 2015 FORM 10-K - AT&T INC.ye15_10k.htm
                             
EXHIBIT 12
 AT&T INC.
 COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
 Dollars in Millions
 
 
        
 
      
Year Ended December 31,
 
 
      
2015 
  
2014 
  
2013 
  
2012 
    
2011 
 Earnings:
                                
 
Income from continuing operations before income taxes
  
$
20,692 
  
$
10,355 
  
$
28,050 
  
$
10,496 
  
$
6,998 
 
Equity in net income of affiliates included above
    
(79)
    
(175)
    
(642)
    
(752)
    
(784)
 
Fixed charges
    
6,592 
    
5,295 
    
5,452 
    
4,876 
    
4,835 
 
Distributed income of equity affiliates
    
30 
    
148 
    
318 
    
137 
    
161 
 
Interest capitalized
    
(797)
    
(234)
    
(284)
    
(263)
    
(162)
 
                                  
 
  
Earnings, as adjusted
  
$
26,438 
  
$
15,389 
  
$
32,894 
  
$
 14,494 
  
$
11,048 
 
                                  
 Fixed Charges:
                                
 
Interest expense
  
$
4,120 
  
$
3,613 
  
$
3,940 
  
$
3,444 
  
$
3,535 
 
Interest capitalized
    
797 
    
234 
    
284 
    
263 
    
162 
 
Portion of rental expense representative of interest factor
    
1,675 
    
1,448 
    
1,228 
    
1,169 
    
1,138 
 
                                
 
  
Fixed Charges
  
$
6,592 
  
$
5,295 
  
$
5,452 
  
$
4,876 
  
$
4,835 
 
                                  
 
Ratio of Earnings to Fixed Charges
    
4.01 
    
2.91 
    
6.03 
    
2.97 
    
2.29 
 
                                  

AT&T INC. Reports