EX-12 2 exhibit12.txt RATIO OF EARNINGS Exhibit 12
Page 1 Citizens Communications Company Statements of the Ratio of Earnings to Fixed Charges (a) (Dollars in Thousands) (Unaudited) Years Ended December 31, ------------------------------------------------------------------------- 2006 2005 2004 2003 2002 ------------- ------------- ------------- ------------- ------------- Pre-tax income (loss) from continuing operations before dividends on convertible preferred securities, extraordinary expense and cumulative effect of changes in accounting principle $ 390,487 $ 263,212 $ 61,311 $ 112,928 $ (439,953) (Income) or loss from equity investees 136 (91) (1,267) (259) (907) ------------- ------------- ------------- ------------- ------------- Pre-tax income (loss) from continuing operations before (income) or loss from equity investees 390,623 263,121 60,044 112,669 (440,860) Fixed charges 343,954 346,531 386,372 418,223 443,976 Distributed income of equity investees - 818 558 98 1,209 Interest capitalized (2,081) (2,176) (2,278) (2,993) (7,390) Preference security dividend requirements of consolidated subsidiaries (642) (2,008) (8,718) (10,063) (10,063) ------------- ------------- ------------- ------------- ------------- Total earnings $ 731,854 $ 606,286 $ 435,978 $ 517,934 $ (13,128) ------------- ------------- ------------- ------------- ------------- Ratio of earnings to fixed charges 2.13 1.75 1.13 1.24 (0.03) ============= ============= ============= ============= =============
Note: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges. (a) For the year ended December 31, 2002, earnings were insufficent to cover fixed charges by $457.1 million.
Page 2 Citizens Communications Company Statements of the Ratio of Earnings to Combined Fixed Charges and Preferred Dividends (a) (Dollars in Thousands) (Unaudited) Years Ended December 31, ----------------------------------------------------------------------- 2006 2005 2004 2003 2002 ------------- ------------- ------------- ------------ ------------- Pre-tax income (loss) from continuing operations before dividends on convertible preferred securities, extraordinary expense and cumulative effect of changes in accounting principle $ 390,487 $ 263,212 $ 61,311 $ 112,928 $ (439,953) (Income) or loss from equity investees 136 (91) (1,267) (259) (907) ------------- ------------- ------------- ------------ ------------- Pre-tax income (loss) from continuing operations before adjustment for minority interest in consolidated subsidiaries or (income) or loss from equity investees 390,623 263,121 60,044 112,669 (440,860) Fixed charges 343,954 346,531 386,372 428,286 454,038 Distributed income of equity investees - 818 558 98 1,209 Interest capitalized (2,081) (2,176) (2,278) (2,993) (7,390) Preference security dividend requirements of consolidated subsidiaries (642) (2,008) (8,718) (10,063) (10,063) ------------- ------------- ------------- ------------ ------------- Total earnings $ 731,854 $ 606,286 $ 435,978 $ 527,997 $ (3,066) ------------- ------------- ------------- ------------ ------------- Ratio of earnings to combined fixed charges 2.13 1.75 1.13 1.23 (0.01) ============= ============= ============= ============ =============
Note: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges. (a) For the year ended December 31, 2002, earnings were insufficent to cover fixed charges by $457.1 million.