EX-12 2 d405314dex12.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, 2012		  

Earnings:

  

Income before provision for income taxes

   $ 14,633  

Equity in earnings of unconsolidated businesses

     (237 ) 

Dividends from unconsolidated businesses

     40  

Interest expense (1)

      1,996  

Portion of rent expense representing interest

     625  

Amortization of capitalized interest

     121  
  

 

 

  

Earnings, as adjusted

   $ 17,178  
  

 

 

  

Fixed Charges:

  

Interest expense (1)

    $ 1,996  

Portion of rent expense representing interest

     625  

Capitalized interest

     238  
  

 

 

  

Fixed Charges

   $ 2,859  
  

 

 

  

Ratio of earnings to fixed charges

     6.01  

(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.