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,
2007

    Years Ended December 31,  
       2006     2005     2004     2003     2002  

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

   $ 625     $ 1,851     $ 1,530     $ 1,742     $ 1,758     $ 2,435  

Add: estimated fixed charges

     165       669       668       647       643       634  

Add: estimated amortization of capitalized interest

     2       10       12       12       13       14  

Less: interest capitalized

     (2 )     (8 )     (7 )     (9 )     (13 )     (24 )
                                                

Total earnings available for fixed charges

   $ 790     $ 2,522     $ 2,203     $ 2,392     $ 2,401     $ 3,059  
                                                

Estimate of interest factor on rentals

   $ 10     $ 45     $ 54     $ 54     $ 57     $ 69  

Interest expense, including amortization of premiums, discounts and debt issuance costs (1)

     153       616       607       584       573       541  

Interest capitalized

     2       8       7       9       13       24  
                                                

Total fixed charges

   $ 165     $ 669     $ 668     $ 647     $ 643     $ 634  
                                                

Ratio of earnings to fixed charges

     4.8       3.8       3.3       3.7       3.7       4.8  

(1) Interest expense includes only interest related to borrowings.