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,

   

Years Ended December 31,

    

2008

   

2007

   

2006

   

2005

     (Dollars in millions)

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

   $563    $2,440    $1,882    $1,628

Add: estimated fixed charges

    173    682    700    700

Add: estimated amortization of capitalized interest

    2    10    10    12

Less: interest capitalized

    (4)    (12)    (12)    (10)
                   

Total earnings available for fixed charges

    $734    $3,120    $2,580    $2,330
                   

Estimate of interest factor on rentals

    $18    $62    $72    $82

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

    151    608    616    608

Interest capitalized

    4    12    12    10
                   

Total fixed charges

    $173    $682    $700    $700
                   

Ratio of earnings to fixed charges

    4.2    4.6    3.7    3.3

 

(1)

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