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, 2009

Earnings:

  

Income before provision for income taxes

   $ 11,181 

Equity in earnings of unconsolidated businesses

     (422)

Dividends from unconsolidated businesses

     443 

Interest expense

     2,416 

Portion of rent expense representing interest

     538 

Amortization of capitalized interest

     99 
      

Earnings, as adjusted

   $ 14,255 
      

Fixed Charges:

  

Interest expense

   $ 2,416 

Portion of rent expense representing interest

     538 

Capitalized interest

     696 
      

Fixed Charges

   $ 3,650 
      

Ratio of earnings to fixed charges

     3.91