Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - VERIZON COMMUNICATIONS INC | d257047d10q.htm |
| EX-32.2 - EX-32.2 - VERIZON COMMUNICATIONS INC | d257047dex322.htm |
| EX-32.1 - EX-32.1 - VERIZON COMMUNICATIONS INC | d257047dex321.htm |
| EX-31.2 - EX-31.2 - VERIZON COMMUNICATIONS INC | d257047dex312.htm |
| EX-31.1 - EX-31.1 - VERIZON COMMUNICATIONS INC | d257047dex311.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (dollars in millions) | Nine Months Ended September 30, 2016 |
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| Earnings: |
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| Income before provision for income taxes |
$ | 14,037 | ||
| Equity in losses of unconsolidated businesses |
63 | |||
| Dividends from unconsolidated businesses |
31 | |||
| Interest expense (1) |
3,239 | |||
| Portion of rent expense representing interest |
893 | |||
| Amortization of capitalized interest |
140 | |||
|
|
|
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| Earnings, as adjusted |
$ | 18,403 | ||
|
|
|
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| Fixed Charges: |
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| Interest expense (1) |
$ | 3,239 | ||
| Portion of rent expense representing interest |
893 | |||
| Capitalized interest |
531 | |||
|
|
|
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| Fixed charges |
$ | 4,663 | ||
|
|
|
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| Ratio of earnings to fixed charges |
3.95 | |||
|
|
|
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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. |