EX-12 2 dex12.htm CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES Calculation of Ratio of Earnings to Fixed Charges

Exhibit 12

 

QWEST CORPORATION

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Unaudited)

 

    

Three Months
Ended
March 31,

2006


    Years Ended December 31,

 
       2005

    2004

    2003

    2002

    2001

 
     (Dollars in millions)  

Income from continuing operations before income taxes, discontinued operations and cumulative effect of change in accounting principle

   $ 451     $ 1,530     $ 1,742     $ 1,758     $ 2,435     $ 2,833  

Add: estimated fixed charges

     167       668       647       643       634       588  

Add: estimated amortization of capitalized interest

     3       12       12       13       14       14  

Less: interest capitalized

     (2 )     (7 )     (9 )     (13 )     (24 )     (44 )
    


 


 


 


 


 


Total earnings available for fixed charges

     619       2,203       2,392       2,401       3,059       3,391  

Estimate of interest factor on rentals

     12       54       54       57       69       79  

Interest expense, including amortization of premiums, discounts and debt issuance costs

     153       607       584       573       541       465  

Interest capitalized

     2       7       9       13       24       44  
    


 


 


 


 


 


Total fixed charges

   $ 167     $ 668     $ 647     $ 643     $ 634     $ 588  
    


 


 


 


 


 


Ratio of earnings to fixed charges

     3.7       3.3       3.7       3.7       4.8       5.8