EX-12 2 a2018q210-qxex12.htm EXHIBIT 12 Exhibit


EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
(dollars in millions)
Six Months Ended

June 30,

2018

Earnings:
 
Income before provision for income taxes
$
11,581

Equity in losses of unconsolidated businesses
247

Dividends from unconsolidated businesses
21

Interest expense (1)
2,423

Portion of rent expense representing interest
669

Amortization of capitalized interest
97

Earnings, as adjusted
$
15,038

 
 
Fixed Charges:
 
Interest expense (1)
$
2,423

Portion of rent expense representing interest
669

Capitalized interest
375

Fixed charges
$
3,467

 
 
Ratio of earnings to fixed charges
4.34

 
 
(1) We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges.