EX-12 9 w13545exv12.htm EX-12 exv12
 

Sprint Corporation
Exhibit 12
COMPUTATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Unaudited)
                         
    Year-to-Date  
    September 30,  
(millions)   2005             2004  
 
 
                        
Earnings
                     (2,295 )
 
                        
Income from continuing operations before income taxes
   $ 2,542             $ 750  
 
                        
Capitalized interest
     (32 )             (45 )
 
                        
Net losses in equity method investees
     (116 )             30  
 
Subtotal
     2,394               (2,310 )
 
 
                        
Fixed charges
                        
Interest charges
     971               1,020  
Interest factor of operating rents
     313               272  
 
Total fixed charges
     1,284               1,292  
 
                        
Earnings, as adjusted
   $ 3,678             $ (1,018 )
     
 
                        
Preferred stock dividends paid
   $ 5             $ 5  
Total fixed charges
     1,284               1,292  
 
 
                        
Total fixed charges and preferred stock dividends
   $ 1,289             $ 1,297  
     
 
                        
Ratio of earnings to fixed charges and preferred stock dividends
     2.85               —  
 
                    
Note: The ratios of earnings to fixed charges and preferred stock dividends were computed by dividing the sum of fixed charges and pretax earnings required to cover preferred stock dividend into the sum of earnings (after certain adjustments) and fixed charges. Earnings included income from continuing operations before income taxes, plus net losses in equity method investees, less capitalized interest. Fixed charges included interest on all debt of continuing operations, including amortization of debt issuance costs, and the interest component of operating rents.