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)

 

     Years Ended December 31,  
     2006     2005     2004     2003     2002  
     (Dollars in millions)  

Income from continuing operations before income taxes, discontinued operations and cumulative effect of changes in accounting principles

   $ 1,851     $ 1,530     $ 1,742     $ 1,758     $ 2,435  

Add: Estimated fixed charges

     669       668       647       643       634  

Add: Estimated amortization of capitalized interest

     10       12       12       13       14  

Less: Interest capitalized

     (8 )     (7 )     (9 )     (13 )     (24 )
                                        

Total earnings available for fixed charges

     2,522       2,203       2,392       2,401       3,059  

Estimate of interest factor on rentals

     45       54       54       57       69  

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

     616       607       584       573       541  

Interest capitalized

     8       7       9       13       24  
                                        

Total fixed charges

   $ 669     $ 668     $ 647     $ 643     $ 634  
                                        

Ratio of earnings to fixed charges

     3.8       3.3       3.7       3.7       4.8