Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - VERIZON COMMUNICATIONS INC | d211980d10q.htm |
| EX-32.2 - EX-32.2 - VERIZON COMMUNICATIONS INC | d211980dex322.htm |
| EX-32.1 - EX-32.1 - VERIZON COMMUNICATIONS INC | d211980dex321.htm |
| EX-31.2 - EX-31.2 - VERIZON COMMUNICATIONS INC | d211980dex312.htm |
| EX-31.1 - EX-31.1 - VERIZON COMMUNICATIONS INC | d211980dex311.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (dollars in millions) | Six Months Ended June 30, 2016 |
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| Earnings: |
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| Income before provision for income taxes |
$ | 8,461 | ||
| Equity in losses of unconsolidated businesses |
40 | |||
| Dividends from unconsolidated businesses |
18 | |||
| Interest expense (1) |
2,201 | |||
| Portion of rent expense representing interest |
578 | |||
| Amortization of capitalized interest |
94 | |||
|
|
|
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| Earnings, as adjusted |
$ | 11,392 | ||
|
|
|
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| Fixed Charges: |
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| Interest expense (1) |
$ | 2,201 | ||
| Portion of rent expense representing interest |
578 | |||
| Capitalized interest |
355 | |||
|
|
|
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| Fixed charges |
$ | 3,134 | ||
|
|
|
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| Ratio of earnings to fixed charges |
3.63 | |||
|
|
|
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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. |