EX-12 2 d593853dex12.htm EXHIBIT 12 Exhibit 12

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(dollars in millions)    Nine Months Ended
September 30, 2013		  

Earnings:

   

Income before provision for income taxes

    $   18,517  

Equity in earnings of unconsolidated businesses

      (134 ) 

Dividends from unconsolidated businesses

      34  

Interest expense (1)

      1,606  

Portion of rent expense representing interest

      633  

Amortization of capitalized interest

      130  
  

 

 

  

Earnings, as adjusted

    $ 20,786  
  

 

 

  

Fixed Charges:

   

Interest expense (1)

    $ 1,606  

Portion of rent expense representing interest

      633  

Capitalized interest

      553  
  

 

 

  

Fixed Charges

    $ 2,792  
  

 

 

  

Ratio of earnings to fixed charges

      7.44  
  

 

 

  

 

(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.