EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

 

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(Dollars in Millions)    Nine Months Ended
September 30, 2005
 


Income before provision for income taxes

   $    8,237  

Minority interest

   2,090  

Equity in earnings of unconsolidated businesses

   (555 )

Dividends from unconsolidated businesses

   1,264  

Interest expense

   1,640  

Portion of rent expense representing interest

   395  

Amortization of capitalized interest

   80  
    

Income, as adjusted

   $  13,151  
    

Fixed charges:

      

Interest expense

   $    1,640  

Portion of rent expense representing interest

   395  

Capitalized interest

   263  

Preferred stock dividend requirement

   6  
    

Fixed charges

   $    2,304  
    

Ratio of earnings to fixed charges

   5.71