AT&T INC. - FORM 10-Q - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 3, 2016

Attached files

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10-Q - AT&T 2016 FORM 10-Q - AT&T INC.q3_10q.htm
EX-32 - SECTION 1350 CERTIFICATIONS - AT&T INC.ex32.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AT&T INC.ex31_2.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AT&T INC.ex31_1.htm
EX-10.B - AGREEMENT BETWEEN JAMES CICCONI AND AT&T INC. - AT&T INC.ex10_b.htm
EX-10.A - AT&T HEALTH PLAN - AT&T INC.ex10_a.htm
                                       
EXHIBIT 12
  
AT&T INC.
  
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
  
Dollars in Millions
  
   
   
Nine Months Ended
        
   
September 30,
    
Year Ended December 31,
  
 
(Unaudited)
  
   
2016
    
2015
    
2015
    
2014
    
2013
    
2012
    
2011
  
Earnings:
                                          
Income from continuing operations before income taxes
  
$
16,621
    
$
14,385
    
$
20,692
    
$
10,355
    
$
28,050
    
$
10,496
    
$
6,998
  
Equity in net income of affiliates included above
    
(57
)
    
(48
)
    
(79
)
    
(175
)
    
(642
)
    
(752
)
    
(784
)
Fixed charges
    
5,465
      
4,834
      
6,592
      
5,295
      
5,452
      
4,876
      
4,835
  
Distributed income of equity affiliates
    
35
      
12
      
30
      
148
      
318
      
137
      
161
  
Interest capitalized
    
(669
)
    
(566
)
    
(797
)
    
(234
)
    
(284
)
    
(263
)
    
(162
)
                                                         
Earnings, as adjusted
  
$
21,395
    
$
18,617
    
$
26,438
    
$
15,389
    
$
32,894
    
$
14,494
    
$
11,048
  
                                                         
Fixed Charges:
                                                        
Interest expense
  
$
3,689
    
$
2,977
    
$
4,120
    
$
3,613
    
$
3,940
    
$
3,444
    
$
3,535
  
Interest capitalized
    
669
      
566
      
797
      
234
      
284
      
263
      
162
  
Portion of rental expense representative of interest factor
    
1,107
      
1,291
      
1,675
      
1,448
      
1,228
      
1,169
      
1,138
  
                                                         
Fixed Charges
  
$
5,465
    
$
4,834
    
$
6,592
    
$
5,295
    
$
5,452
    
$
4,876
    
$
4,835
  
                                                         
Ratio of Earnings to Fixed Charges
    
3.91
      
3.85
      
4.01
      
2.91
      
6.03
      
2.97
      
2.29
  
                                                         


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