EX-12 11 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)    Six Months Ended
June 30, 2009

Earnings:

  

Income before provision for income taxes

   $ 7,720 

Equity in earnings of unconsolidated businesses

     (256)

Dividends from unconsolidated businesses

     429 

Interest expense

     1,712 

Portion of rent expense representing interest

     355 

Amortization of capitalized interest

     65 
      

Earnings, as adjusted

   $ 10,025 
      

Fixed charges:

  

Interest expense

   $ 1,712 

Portion of rent expense representing interest

     355 

Capitalized interest

     465 
      

Fixed charges

   $ 2,532 
      

Ratio of earnings to fixed charges

     3.96