Attached files
file | filename |
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EX-32.1 - EX-32.1 - VERIZON COMMUNICATIONS INC | d160878dex321.htm |
EX-31.1 - EX-31.1 - VERIZON COMMUNICATIONS INC | d160878dex311.htm |
EX-32.2 - EX-32.2 - VERIZON COMMUNICATIONS INC | d160878dex322.htm |
EX-31.2 - EX-31.2 - VERIZON COMMUNICATIONS INC | d160878dex312.htm |
EX-10.A - EX-10A - VERIZON COMMUNICATIONS INC | d160878dex10a.htm |
EX-10.B - EX-10B - VERIZON COMMUNICATIONS INC | d160878dex10b.htm |
10-Q - FORM 10-Q - VERIZON COMMUNICATIONS INC | d160878d10q.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
(dollars in millions) | Three Months Ended March 31, 2016 |
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Earnings: |
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Income before provision for income taxes |
$ | 6,766 | ||
Equity in losses of unconsolidated businesses |
20 | |||
Dividends from unconsolidated businesses |
9 | |||
Interest expense (1) |
1,188 | |||
Portion of rent expense representing interest |
278 | |||
Amortization of capitalized interest |
47 | |||
|
|
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Earnings, as adjusted |
$ | 8,308 | ||
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|
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Fixed Charges: |
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Interest expense (1) |
$ | 1,188 | ||
Portion of rent expense representing interest |
278 | |||
Capitalized interest |
168 | |||
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|
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Fixed charges |
$ | 1,634 | ||
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|
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Ratio of earnings to fixed charges |
5.08 | |||
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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. |