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,
     2007    2006    2005    2004    2003
     (Dollars in millions)

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

    $2,377    $1,851    $1,530    $1,742    $1,758

Add: estimated fixed charges

    655    669    668    647    643

Add: estimated amortization of capitalized interest

    9    10    12    12    13

Less: interest capitalized

    (6)    (8)    (7)    (9)    (13)
                        

Total earnings available for fixed charges

    3,035    2,522    2,203    2,392    2,401
                        

Estimate of interest factor on rentals

    39    45    54    54    57

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

   610    616    607    584    573

Interest capitalized

    6    8    7    9    13
                        

Total fixed charges

    $655    $669    $668    $647    $643
                        

Ratio of earnings to fixed charges

    4.6    3.8    3.3    3.7    3.7

 

(1)

Interest expense includes only interest related to long-term borrowings and capital lease obligations.