EX-12 3 d233490dex12.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, 2011		  

Earnings:

   

Income before provision for income taxes

   $ 12,285  

Equity in earnings of unconsolidated businesses

     (347 ) 

Dividends from unconsolidated businesses

     449  

Interest expense (1)

      2,124  

Portion of rent expense representing interest

     607  

Amortization of capitalized interest

     115  
  

 

 

  

Earnings, as adjusted

   $     15,233  
  

 

 

  

Fixed Charges:

   

Interest expense (1)

    $ 2,124  

Portion of rent expense representing interest

     607  

Capitalized interest

     341  
  

 

 

  

Fixed Charges

   $ 3,072  
  

 

 

  

Ratio of earnings to fixed charges

     4.96  
  

 

 

  

 

(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.