EX-12 7 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, 2010

  

Earnings:

   

Income before provision for income taxes

    $  3,849   

Equity in earnings of unconsolidated businesses

    (133 ) 

Dividends from unconsolidated businesses

    13   

Interest expense(1)

    680   

Portion of rent expense representing interest

    218   

Amortization of capitalized interest

    34   
      

Earnings, as adjusted

    $  4,661   
      

Fixed Charges:

   

Interest expense(1)

    $     680   

Portion of rent expense representing interest

    218   

Capitalized interest

    226   
      

Fixed Charges

    $  1,124   
      

Ratio of earnings to fixed charges

    4.15   
      

(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.