Attached files
| file | filename |
|---|---|
| EX-32 - SECTION 1350 CERTIFICATIONS - AT&T INC. | ex32.htm |
| EX-31 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AT&T INC. | ex31_2.htm |
| EX-31 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AT&T INC. | ex31_1.htm |
| EX-10.B - CASH DEFERRAL PLAN - AT&T INC. | ex10_b.htm |
| EX-10.A - STOCK PURCHASE AND DEFERRAL PLAN - AT&T INC. | ex10_a.htm |
| 10-Q - AT&T 2017 FORM 10-Q - AT&T INC. | q1_10q.htm |
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EXHIBIT 12
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AT&T INC.
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COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
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Dollars in Millions
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Three Months Ended
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March 31,
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Year Ended December 31,
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(Unaudited)
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2017
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2016
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2016
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2015
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2014
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2013
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2012
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Earnings:
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Income from continuing operations before income taxes
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$
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5,378
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$
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6,007
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$
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19,812
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$
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20,692
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$
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10,355
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$
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28,050
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$
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10,496
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Equity in net income of affiliates included above
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173
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(13)
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(98)
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(79)
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(175)
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(642)
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(752)
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Fixed charges
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1,906
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1,799
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7,296
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6,592
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5,295
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5,452
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4,876
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Distributed income of equity affiliates
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8
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8
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61
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30
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148
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318
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137
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Interest capitalized
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(231)
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(218)
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(892)
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(797)
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(234)
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(284)
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(263)
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Earnings, as adjusted
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$
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7,234
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$
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7,583
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$
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26,179
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$
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26,438
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$
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15,389
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$
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32,894
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$
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14,494
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Fixed Charges:
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Interest expense
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$
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1,293
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$
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1,207
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$
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4,910
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$
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4,120
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$
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3,613
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$
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3,940
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$
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3,444
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Interest capitalized
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231
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218
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892
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797
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234
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284
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263
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Portion of rental expense representative of interest factor
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382
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374
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1,494
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1,675
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1,448
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1,228
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1,169
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Fixed Charges
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$
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1,906
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$
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1,799
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$
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7,296
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$
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6,592
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$
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5,295
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$
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5,452
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$
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4,876
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Ratio of Earnings to Fixed Charges
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3.80
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4.22
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3.59
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4.01
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2.91
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6.03
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2.97
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