EX-12.1 8 tmus12312017ex121.htm TMUS EXHIBIT 12.1 Exhibit


EXHIBIT 12.1

Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges
and Preferred Stock Dividends

 
Year Ended December 31,
(in millions, except ratio)
2017
 
2016
 
2015
 
2014
 
2013
Earnings available for fixed charges:
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes and earnings from unconsolidated affiliates
$
3,161

 
$
2,331

 
$
990

 
$
461

 
$
94

Adjustments:
 
 
 
 
 
 
 
 
 
Fixed charges
2,757

 
2,799

 
2,656

 
2,377

 
2,118

Amortization of capitalized interest
71

 
60

 
49

 
35

 
34

Capitalized interest
(136
)
 
(142
)
 
(230
)
 
(81
)
 
(5
)
Earnings available for fixed charges
$
5,853

 
$
5,048

 
$
3,465

 
$
2,792

 
$
2,241

Fixed charges and combined fixed charges and preferred stock dividends:
 
 
 
 
 
 
 
 
 
Interest expense including capitalized interest
$
1,807

 
$
1,871

 
$
1,726

 
$
1,433

 
$
1,229

Portion of rent expense representative of interest (1)
950

 
928

 
930

 
944

 
889

Fixed charges
$
2,757

 
$
2,799

 
$
2,656

 
$
2,377

 
$
2,118

Dividends on preferred stock (pre-tax)
72

 
88

 
73

 
—

 
—

Combined fixed charges and preferred stock dividends
$
2,829

 
$
2,887

 
$
2,729

 
$
2,377

 
$
2,118

Ratio of earnings to fixed charges
2.12

 
1.80

 
1.30

 
1.17

 
1.06

Ratio of earnings to combined fixed charges and preferred stock dividends
2.07

 
1.75

 
1.27

 
1.17

 
1.06

(1)
The portion of total rental expense that represents a reasonable approximation of the interest factor is estimated to be 33%.