EX-12 6 a2072112zex-12.txt EX. 12
Exhibit 12 to Form 10-K for 2001 Broadwing Inc. Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends (millions of dollars) 2001 2000 1999 1998 1997 -------------------------------------------------------------- Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees $(127.2) $(306.1) $146.1 $186.8 $201.7 -------------------------------------------------------------- Fixed Charges: Interest expense, etc. 191.7 188.3 65.5 24.2 30.1 Appropriate portion of rentals 13.9 10.7 7.7 3.9 3.9 Preferred stock dividends of majority subsidiaries 27.7 28.3 4.0 - - -------------------------------------------------------------- Total Fixed Charges 233.3 227.3 77.2 28.1 34.0 -------------------------------------------------------------- Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges $ 106.1 $ (78.8) $223.3 $214.9 $235.7 ============================================================== Preferred dividend requirements $ 10.4 $ 8.1 $ 2.1 $ - $ - Total Fixed Charges 233.3 227.3 77.2 28.1 34.0 -------------------------------------------------------------- Total Fixed Charges and preferred dividends $ 243.7 $ 235.4 $ 79.3 $ 28.1 $ 34.0 ============================================================== Ratio of earnings to combined fixed charges and preferred dividends (0.5) (1.3) 1.8 6.6 5.9 ============================================================== Coverage Deficiency $ 370.9 $ 541.5