Attached files
| file | filename |
|---|---|
| 10-Q - Q3 2017 10-Q - VERIZON COMMUNICATIONS INC | a2017q310-q.htm |
| EX-32.2 - EXHIBIT 32.2 - VERIZON COMMUNICATIONS INC | a2017q310-qxex322.htm |
| EX-32.1 - EXHIBIT 32.1 - VERIZON COMMUNICATIONS INC | a2017q310-qxex321.htm |
| EX-31.2 - EXHIBIT 31.2 - VERIZON COMMUNICATIONS INC | a2017q310-qxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - VERIZON COMMUNICATIONS INC | a2017q310-qxex311.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
(dollars in millions) | Nine Months Ended | ||
September 30, | |||
2017 | |||
Earnings: | |||
Income before provision for income taxes | $ | 17,660 | |
Equity in losses of unconsolidated businesses | 71 | ||
Dividends from unconsolidated businesses | 29 | ||
Interest expense (1) | 3,514 | ||
Portion of rent expense representing interest | 920 | ||
Amortization of capitalized interest | 139 | ||
Earnings, as adjusted | $ | 22,333 | |
Fixed Charges: | |||
Interest expense (1) | $ | 3,514 | |
Portion of rent expense representing interest | 920 | ||
Capitalized interest | 516 | ||
Fixed charges | $ | 4,950 | |
Ratio of earnings to fixed charges | 4.51 | ||
(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. | |||