EX-12 3 ftr-20161231xex12.htm EX-12 Exhibit 12 Ratio of Earnings



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

Exhibit 12

 

Frontier Communications Corporation

Statements of the Ratio of Earnings to Fixed Charges

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

($ in Millions)





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Years Ended December 31,

 



2016

 

2015

 

 

2014

 

 

2013

 

 

2012

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income(loss) from continuing operations

$

         (623)

 

$

          (361)

 

$

              163

 

$

            163

 

$

           229

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

        1,588

 

 

         1,156

 

 

              732

 

 

            698

 

 

           717

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

           (11)

 

 

              (4)

 

 

                (3)

 

 

              (3)

 

 

              (2)

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to the noncontrolling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in a partnership

 

                -

 

 

                -

 

 

                  -

 

 

              (2)

 

 

            (17)

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings

$

           954

 

$

            791

 

$

              892

 

$

            856

 

$

           927

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

        1,588

 

 

         1,156

 

 

              732

 

 

            698

 

 

           717

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared on preferred stock

 

           214

 

 

            120

 

 

                  -

 

 

                 -

 

 

                -

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends

 

        1,802

 

 

         1,276

 

 

              732

 

 

            698

 

 

           717

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to cover fixed charges

$

         (634)

 

$

          (365)

 

$

              160

 

$

            158

 

$

           210

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 0.60 

 

 

 0.68 

 

 

 1.22 

 

 

 1.23 

 

 

 1.29 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to cover combined

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

fixed charges and preferred stock dividends

$

         (848)

 

$

          (485)

 

$

              160

 

$

            158

 

$

           210

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges

 

          0.53

 

 

           0.62

 

 

             1.22

 

 

           1.23

 

 

          1.29

 

and preferred stock dividends

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.