EX-12 3 a2067424zex-12.txt EXHIBIT 12 EXHIBIT 12 CITIZENS COMMUNICATIONS COMPANY STATEMENT SHOWING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2001 (DOLLARS IN THOUSANDS)
RATIO OF EARNINGS TO COMBINED FIXED CHARGES RATIO OF EARNINGS AND PREFERRED TO FIXED CHARGES DIVIDENDS ----------------- ----------------- Pre-tax income before dividends on convertible preferred securities and extraordinary expense..................................... $104,430 $104,430 Income or loss from equity investees........................ (1,480) (1,480) -------- -------- Pre-tax income from continuing operations before adjustment for minority interest in consolidated subsidiaries or income or loss from equity investees................................................. 102,950 102,950 Fixed charges............................................... 269,888 291,085 Amortization of capitalized interest........................ -- -- Distributed income of equity investees...................... 2,350 2,350 Interest capitalized........................................ (1,707) (1,707) Preference security dividend requirements of consolidated subsidiaries.............................................. (7,547) (7,547) Carrying Cost of equity forward contracts................... (13,650) (13,650) -------- -------- Total earnings.............................................. 352,284 373,481 -------- -------- Ratio of earnings to fixed charges.......................... 1.31 1.28 ======== ========