Attached files

file filename
EX-32.2 - EXHIBIT 32.2 - Level 3 Parent, LLClvltexhibit322123117.htm
EX-32.1 - EXHIBIT 32.1 - Level 3 Parent, LLClvltexhibit32112312017.htm
EX-31.2 - EXHIBIT 31.2 - Level 3 Parent, LLClvltexhibit312123117.htm
EX-31.1 - EXHIBIT 31.1 - Level 3 Parent, LLClvltexhibit31112312017.htm
10-K - 10-K - Level 3 Parent, LLClvlt-123117_10k.htm


Exhibit 12
 
STATEMENTS RE COMPUTATION OF RATIOS
 
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
LEVEL 3 PARENT, LLC
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
 
Predecessor
(In millions)
Period Ended December 31, 2017
 
 
Period Ended October 31, 2017
 
Year Ended December 31, 2016
 
Year Ended December 31, 2015
 
Year Ended December 31, 2014
 
Year Ended December 31, 2013
Income (Loss) from Continuing Operations Before Taxes
$
93

 
 
$
693

 
842

 
283

 
238

 
(71
)
Interest on Debt, Net of Capitalized Interest
80

 
 
441

 
544

 
640

 
652

 
649

Amortization of Capitalized Interest

 
 

 

 

 

 

Portion of rents deemed representative of the interest factor (1/3)
19

 
 
95

 
115

 
119

 
104

 
101

 Earnings Available for Fixed Charges
$
192

 
 
$
1,229

 
1,501

 
1,042

 
994

 
679

Interest on Debt
$
80

 
 
$
441

 
544

 
640

 
652

 
649

Preferred Dividends

 
 

 

 

 

 

Interest Expense Portion of Rental Expense
19

 
 
95

 
115

 
119

 
104

 
101

Total Fixed Charges
$
99

 
 
$
536

 
659

 
759

 
756

 
750

Ratio of Earnings to Fixed Charges
1.9

 
 
2.3

 
2.3

 
1.4

 
1.3

 

Deficiency
$

 
 
$

 

 

 

 
(71
)