Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - CINCINNATI BELL INC | exhibit3222017.htm |
| EX-32.1 - EXHIBIT 32.1 - CINCINNATI BELL INC | exhibit3212017.htm |
| EX-31.2 - EXHIBIT 31.2 - CINCINNATI BELL INC | exhibit3122017.htm |
| EX-31.1 - EXHIBIT 31.1 - CINCINNATI BELL INC | exhibit3112017.htm |
| EX-24 - EXHIBIT 24 - CINCINNATI BELL INC | exhibit24-powerofattorney2.htm |
| EX-23 - EXHIBIT 23 - CINCINNATI BELL INC | exhibit23-consent2017.htm |
| EX-21 - EXHIBIT 21 - CINCINNATI BELL INC | exhibit21-subsidiariesofth.htm |
| EX-10.39 - CBB 2017-2019 SHARE-BASED PERFORMANCE UNIT AWARD - CINCINNATI BELL INC | exhibit1039cbb2017-2019sha.htm |
| 10-K - 10-K - CINCINNATI BELL INC | cbb12312017-10k.htm |
Exhibit 12.1
Calculation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
Year ended December 31 | ||||||||||||||||||||
(dollars in millions) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Pre-tax income from continuing operations in consolidated subsidiaries plus fixed charges* | $ | 156.6 | $ | 251.1 | $ | 586.4 | $ | 384.8 | $ | 139.0 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expensed and capitalized | 85.9 | 76.4 | 104.2 | 146.7 | 176.6 | |||||||||||||||
Appropriate portions of rentals | 2.7 | 3.2 | 3.4 | 2.5 | 2.3 | |||||||||||||||
Total fixed charges | 88.6 | 79.6 | 107.6 | 149.2 | 178.9 | |||||||||||||||
Pre-tax income required to pay preferred dividends | 19.6 | 16.6 | 16.1 | 17.6 | 11.7 | |||||||||||||||
Total combined fixed charges and preferred dividends | $ | 108.2 | $ | 96.2 | $ | 123.7 | $ | 166.8 | $ | 190.6 | ||||||||||
Ratio of earnings to fixed charges | 1.8 | 3.2 | 5.4 | 2.6 | — | |||||||||||||||
Coverage deficiency** | n/a | n/a | n/a | n/a | 39.9 | |||||||||||||||
Ratio of earnings to combined fixed charges and preferred dividends | 1.4 | 2.6 | 4.7 | 2.3 | — | |||||||||||||||
Coverage deficiency** | n/a | n/a | n/a | n/a | $ | 51.6 | ||||||||||||||
* Earnings used in computing the ratio of earnings to combined fixed charges and preferred dividends consists of income from continuing operations before income taxes, adjusted to exclude loss from equity method investees and fixed charges except for capitalized interest, and adjusted to include dividends received from equity method investees. | ||||||||||||||||||||
** For the period in which a coverage deficiency is presented, earnings were inadequate to cover fixed charges or combined fixed charges and preferred dividends by the amount of the deficiency. | ||||||||||||||||||||