Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - QWEST CORP | ctq2017063010q.htm |
| EX-32 - EXHIBIT 32 - QWEST CORP | ctq2017063010qex32.htm |
| EX-31.2 - EXHIBIT 31.2 - QWEST CORP | ctq2017063010qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - QWEST CORP | ctq2017063010qex311.htm |
Exhibit 12
QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months Ended June 30, | Years Ended December 31, | ||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
(Dollars in millions) | |||||||||||||||||||
Income before income tax expense | $ | 890 | 1,763 | 1,733 | 1,609 | 1,566 | 1,391 | ||||||||||||
Add: estimated fixed charges | 290 | 579 | 568 | 546 | 557 | 513 | |||||||||||||
Add: estimated amortization of capitalized interest | 4 | 8 | 8 | 8 | 8 | 9 | |||||||||||||
Less: interest capitalized | (16 | ) | (19 | ) | (18 | ) | (17 | ) | (17 | ) | (18 | ) | |||||||
Total earnings available for fixed charges | $ | 1,168 | 2,331 | 2,291 | 2,146 | 2,114 | 1,896 | ||||||||||||
Estimate of interest factor on rentals | $ | 12 | 23 | 24 | 25 | 26 | 28 | ||||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 262 | 537 | 526 | 504 | 514 | 467 | |||||||||||||
Interest capitalized | 16 | 19 | 18 | 17 | 17 | 18 | |||||||||||||
Total fixed charges | $ | 290 | 579 | 568 | 546 | 557 | 513 | ||||||||||||
Ratio of earnings to fixed charges | 4.0 | 4.0 | 4.0 | 3.9 | 3.8 | 3.7 | |||||||||||||