EX-12 8 ex12ratioofearnings.txt RATIO OF EARNINGS
Exhibit 12 Page 1 Citizens Communications Company Statements of the Ratio of Earnings to Fixed Charges (Dollars in Thousands) (Unaudited) Years Ended December 31, ------------------------------------------------------------------------------- 2007 2006 2005 2004 2003 --------------- ------------- ------------- ------------- ------------- Pre-tax income from continuing operations before dividends on convertible preferred securities, and cumulative effect of changes in accounting principle $ 342,668 $ 390,487 $ 263,212 $ 61,311 $ 112,928 (Income) or loss from equity investees (4,655) 136 (91) (1,267) (259) --------------- ------------- ------------- ------------- ------------- Pre-tax income from continuing operations before (income) or loss from equity investees 338,013 390,623 263,121 60,044 112,669 Fixed charges 391,409 343,954 346,531 386,372 418,223 Distributed income of equity investees 4,064 - 818 558 98 Interest capitalized (2,857) (2,081) (2,176) (2,278) (2,993) Preference security dividend requirements of consolidated subsidiaries (246) (642) (2,008) (8,718) (10,063) --------------- ------------- ------------- ------------- ------------- Total earnings $ 730,383 $ 731,854 $ 606,286 $ 435,978 $ 517,934 --------------- ------------- ------------- ------------- ------------- Ratio of earnings to fixed charges 1.86 2.13 1.75 1.13 1.24 =============== ============= ============= ============= ============= NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.
Page 2 Citizens Communications Company Statements of the Ratio of Earnings to Combined Fixed Charges and Preferred Dividends (Dollars in Thousands) (Unaudited) Years Ended December 31, ------------------------------------------------------------------------------- 2007 2006 2005 2004 2003 ------------- ------------- ------------- -------------- ------------ Pre-tax income from continuing operations before dividends on convertible preferred securities, and cumulative effect of changes in accounting principle $ 342,668 $ 390,487 $ 263,212 $ 61,311 $ 112,928 (Income) or loss from equity investees (4,655) 136 (91) (1,267) (259) ------------- ------------- ------------- -------------- ------------ Pre-tax income from continuing operations before (income) or loss from equity investees 338,013 390,623 263,121 60,044 112,669 Fixed charges 391,409 343,954 346,531 386,372 428,286 Distributed income of equity investees 4,064 - 818 558 98 Interest capitalized (2,857) (2,081) (2,176) (2,278) (2,993) Preference security dividend requirements of consolidated subsidiaries (246) (642) (2,008) (8,718) (10,063) ------------- ------------- ------------- -------------- ------------ Total earnings $ 730,383 $ 731,854 $ 606,286 $ 435,978 $ 527,997 ------------- ------------- ------------- -------------- ------------ Ratio of earnings to combined fixed charges 1.86 2.13 1.75 1.13 1.23 ============= ============= ============= ============== ============
Note: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.