Attached files
| file | filename |
|---|---|
| 10-K - 10-K - QWEST CORP | ctq2017123110k.htm |
| EX-32 - EXHIBIT 32 - QWEST CORP | ctq20171231ex32.htm |
| EX-31.2 - EXHIBIT 31.2 - QWEST CORP | ctq20171231ex312.htm |
| EX-31.1 - EXHIBIT 31.1 - QWEST CORP | ctq20171231ex311.htm |
| EX-23 - EXHIBIT 23 - QWEST CORP | ctq20171231ex23.htm |
Exhibit 12
QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Years Ended December 31, | ||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||
(Dollars in millions) | ||||||||||||||||
Income before income tax expense | $ | 1,791 | 1,763 | 1,733 | 1,609 | 1,566 | ||||||||||
Add: estimated fixed charges | 583 | 579 | 568 | 546 | 557 | |||||||||||
Add: estimated amortization of capitalized interest | 8 | 8 | 8 | 8 | 8 | |||||||||||
Less: interest capitalized | (32 | ) | (19 | ) | (18 | ) | (17 | ) | (17 | ) | ||||||
Total earnings available for fixed charges | $ | 2,350 | 2,331 | 2,291 | 2,146 | 2,114 | ||||||||||
Estimate of interest factor on rentals | $ | 23 | 23 | 24 | 25 | 26 | ||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 528 | 537 | 526 | 504 | 514 | |||||||||||
Interest capitalized | 32 | 19 | 18 | 17 | 17 | |||||||||||
Total fixed charges | $ | 583 | 579 | 568 | 546 | 557 | ||||||||||
Ratio of earnings to fixed charges | 4.0 | 4.0 | 4.0 | 3.9 | 3.8 | |||||||||||