Frontier Communications Parent, Inc. - FORM 10-K - EX-12 - February 28, 2018

Attached files

file filename
EX-32 - EX-32 - Frontier Communications Parent, Inc.ftr-20171231xex32.htm
EX-31.2 - EX-31.2 - Frontier Communications Parent, Inc.ftr-20171231xex31_2.htm
EX-31.1 - EX-31.1 - Frontier Communications Parent, Inc.ftr-20171231xex31_1.htm
EX-23 - EX-23 - Frontier Communications Parent, Inc.ftr-20171231xex23.htm
EX-21 - EX-21 - Frontier Communications Parent, Inc.ftr-20171231xex21.htm
EX-10.38 - EX-10.38 - Frontier Communications Parent, Inc.ftr-20171231xex10_38.htm
EX-10.36 - EX-10.36 - Frontier Communications Parent, Inc.ftr-20171231xex10_36.htm
EX-10.35 - EX-10.35 - Frontier Communications Parent, Inc.ftr-20171231xex10_35.htm
EX-10.34 - EX-10.34 - Frontier Communications Parent, Inc.ftr-20171231xex10_34.htm
EX-10.33 - EX-10.33 - Frontier Communications Parent, Inc.ftr-20171231xex10_33.htm
EX-10.32 - EX-10.32 - Frontier Communications Parent, Inc.ftr-20171231xex10_32.htm
EX-10.31 - EX-10.31 - Frontier Communications Parent, Inc.ftr-20171231xex10_31.htm
10-K - 10-K - Frontier Communications Parent, Inc.ftr-20171231x10k.htm

Exhibit 12



Frontier Communications Corporation

Statements of the Ratio of Earnings to Fixed Charges

and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

($ in Millions)





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Years Ended December 31,

 



 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income(loss) from continuing operations

$

 (3,187)

 

$

 (623)

 

$

 (361)

 

$

 163 

 

$

 163 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 1,577 

 

 

 1,588 

 

 

 1,156 

 

 

 732 

 

 

 698 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

 (12)

 

 

 (11)

 

 

 (4)

 

 

 (3)

 

 

 (3)

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to the noncontrolling

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

interest in a partnership

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 (2)

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings

$

 (1,622)

 

$

 954 

 

$

 791 

 

$

 892 

 

$

 856 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 1,577 

 

 

 1,588 

 

 

 1,156 

 

 

 732 

 

 

 698 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared on preferred stock

 

 214 

 

 

 214 

 

 

 120 

 

 

 -

 

 

 -

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

preferred stock dividends

 

 1,791 

 

 

 1,802 

 

 

 1,276 

 

 

 732 

 

 

 698 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cover fixed charges

$

 (3,199)

 

$

 (634)

 

$

 (365)

 

$

 160 

 

$

 158 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 (1.03)

 

 

 0.60 

 

 

 0.68 

 

 

 1.22 

 

 

 1.23 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cover combined fixed charges and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

preferred stock dividends

$

 (3,413)

 

$

 (848)

 

$

 (485)

 

$

 160 

 

$

 158 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and preferred stock dividends

 

 (0.91)

 

 

 0.53 

 

 

 0.62 

 

 

 1.22 

 

 

 1.23 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



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