EX-12 11 j8847_ex12.htm EX-12

Exhibit 12 to
Form 10-K for 2002

 

Broadwing Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(millions of dollars)

 

 

 

2002

 

2001

 

2000

 

1999

 

1998

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

(3,880.5

)

$

(127.2

)

$

(306.1

)

$

146.1

 

$

186.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense, etc.

 

173.3

 

191.7

 

188.3

 

65.5

 

24.2

 

Appropriate portion of rentals

 

13.5

 

13.9

 

10.7

 

7.7

 

3.9

 

Preferred stock dividends of majority subsidiaries

 

27.7

 

27.7

 

28.3

 

4.0

 

—

 

Total Fixed Charges

 

214.5

 

233.3

 

227.3

 

77.2

 

28.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Preferred dividend requirements

 

10.4

 

10.4

 

8.1

 

2.1

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges and preferred dividends

 

$

224.9

 

$

243.7

 

$

235.4

 

$

79.3

 

$

28.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges and preferred dividends

 

(17.3

)

(0.5

)

(1.3

)

1.8

 

6.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Coverage Deficiency

 

$

4,105.4

 

$

370.9

 

$

541.5

 

n/a

 

n/a