Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Lumen Technologies, Inc. | ctl2017123110k.htm |
| EX-4.2(B) - EXHIBIT 4.2(B) - Lumen Technologies, Inc. | ctl20171231ex42b.htm |
| EX-23 - EXHIBIT 23 - Lumen Technologies, Inc. | ctl20171231ex23.htm |
| EX-31.1 - EXHIBIT 31.1 - Lumen Technologies, Inc. | ctl20171231ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - Lumen Technologies, Inc. | ctl20171231ex312.htm |
| EX-21 - EXHIBIT 21 - Lumen Technologies, Inc. | ctl20171231ex21.htm |
| EX-32 - EXHIBIT 32 - Lumen Technologies, Inc. | ctl20171231ex32.htm |
Exhibit 12
CENTURYLINK, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Years Ended December 31, | ||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||
(Dollars in millions) | ||||||||||||||||
Income before income taxes and cumulative effect of change in accounting principle | $ | 540 | 1,020 | 1,316 | 1,110 | 224 | ||||||||||
Less: income from equity investee | (27 | ) | (27 | ) | (25 | ) | (22 | ) | (24 | ) | ||||||
Add: estimated fixed charges | 1,738 | 1,529 | 1,516 | 1,502 | 1,486 | |||||||||||
Add: estimated amortization of capitalized interest | 23 | 21 | 19 | 17 | 16 | |||||||||||
Add: distributed income of equity investee | 25 | 26 | 19 | 22 | 14 | |||||||||||
Less: interest capitalized | (78 | ) | (54 | ) | (52 | ) | (47 | ) | (41 | ) | ||||||
Total earnings available for fixed charges | $ | 2,221 | 2,515 | 2,793 | 2,582 | 1,675 | ||||||||||
Estimate of interest factor on rentals | $ | 179 | 157 | 152 | 144 | 147 | ||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 1,481 | 1,318 | 1,312 | 1,311 | 1,298 | |||||||||||
Interest capitalized | 78 | 54 | 52 | 47 | 41 | |||||||||||
Total fixed charges | $ | 1,738 | 1,529 | 1,516 | 1,502 | 1,486 | ||||||||||
Ratio of earnings to fixed charges | 1.28 | 1.64 | 1.84 | 1.72 | 1.13 | |||||||||||