EX-12 5 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)

    
 
Three Months Ended   
March 31, 2008
   

Income before provision for income taxes, discontinued operations and extraordinary item

     $ 2,587   

Minority interest

     1,407   

Equity in earnings of unconsolidated businesses

     (97)  

Dividends from unconsolidated businesses

     7   

Interest expense

     459   

Portion of rent expense representing interest

     150   

Amortization of capitalized interest

     30   
      

Income, as adjusted

     $ 4,543   
      

Fixed charges:

  

Interest expense

     $ 459   

Portion of rent expense representing interest

     150   

Capitalized interest

     85   
      

Fixed charges

     $ 694   
      

Ratio of earnings to fixed charges

     6.55