EX-12 4 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, 2011		  

Earnings:

  

Income before provision for income taxes

   $ 3,881  

Equity in earnings of unconsolidated businesses

     (101 ) 

Dividends from unconsolidated businesses

     15  

Interest expense(1)

      709  

Portion of rent expense representing interest

     200  

Amortization of capitalized interest

     35  
        

Earnings, as adjusted

   $ 4,739  
        

Fixed Charges:

  

Interest expense(1)

    $ 709  

Portion of rent expense representing interest

     200  

Capitalized interest

     113  
        

Fixed Charges

   $ 1,022  
        

Ratio of earnings to fixed charges

     4.64  
        

 

(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.