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,  
     2010     2009     2008     2007     2006  
     (Dollars in millions)  

Income before income taxes

    $ 1,873      $ 1,921      $ 2,267      $ 2,440      $ 1,882   

Add: estimated fixed charges

      689        705        671        682        700   

Add: estimated amortization of capitalized interest

      10        11        12        10        10   

Less: interest capitalized

      (12 )      (10 )      (14 )      (12 )      (12 ) 
                                        

Total earnings available for fixed charges

    $ 2,560      $ 2,627      $ 2,936      $ 3,120      $ 2,580   
                                        

Estimate of interest factor on rentals

    $ 62      $ 63      $ 68      $ 62      $ 72   

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

      615        632        589        608        616   

Interest capitalized

      12        10        14        12        12   
                                        

Total fixed charges

    $ 689      $ 705      $ 671      $ 682      $ 700   
                                        

Ratio of earnings to fixed charges

      3.7        3.7        4.4        4.6        3.7   

 

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