Attached files
| file | filename |
|---|---|
| EX-32.2 - EXHIBIT 32.2 - VERIZON COMMUNICATIONS INC | a2018q210-qxex322.htm |
| EX-32.1 - EXHIBIT 32.1 - VERIZON COMMUNICATIONS INC | a2018q210-qxex321.htm |
| EX-31.2 - EXHIBIT 31.2 - VERIZON COMMUNICATIONS INC | a2018q210-qxex312.htm |
| EX-31.1 - EXHIBIT 31.1 - VERIZON COMMUNICATIONS INC | a2018q210-qxex311.htm |
| 10-Q - 10-Q - VERIZON COMMUNICATIONS INC | a2018q210-q.htm |
EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
(dollars in millions) | Six Months Ended | ||
June 30, | |||
2018 | |||
Earnings: | |||
Income before provision for income taxes | $ | 11,581 | |
Equity in losses of unconsolidated businesses | 247 | ||
Dividends from unconsolidated businesses | 21 | ||
Interest expense (1) | 2,423 | ||
Portion of rent expense representing interest | 669 | ||
Amortization of capitalized interest | 97 | ||
Earnings, as adjusted | $ | 15,038 | |
Fixed Charges: | |||
Interest expense (1) | $ | 2,423 | |
Portion of rent expense representing interest | 669 | ||
Capitalized interest | 375 | ||
Fixed charges | $ | 3,467 | |
Ratio of earnings to fixed charges | 4.34 | ||
(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. | |||