EX-12 2 exhibit12-93012.htm EXHIBIT 12 Exhibit 12 - 9.30.12


Exhibit 12
 
STATEMENTS RE COMPUTATION OF RATIOS
 
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES
(unaudited) 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30,
 
Fiscal Year Ended
(In millions)
2012
 
2011
 
2011
 
2010
 
2009
 
2008
 
2007
Loss from Continuing Operations Before Taxes
$
(331
)
 
$
(556
)
 
$
(786
)
 
$
(712
)
 
$
(623
)
 
$
(312
)
 
$
(1,167
)
Interest on Debt, Net of Capitalized Interest
558

 
495

 
716

 
586

 
595

 
570

 
609

Amortization of Capitalized Interest
—

 
—

 
—

 
—

 
—

 
48

 
68

Portion of rents deemed representative of the interest factor (1/3)
76

 
52

 
77

 
69

 
68

 
68

 
63

(Losses) Earnings Available for Fixed Charges
$
303

 
$
(9
)
 
$
7

 
$
(57
)
 
$
40

 
$
374

 
$
(427
)
Interest on Debt
558

 
495

 
716

 
586

 
595

 
570

 
609

Preferred Dividends
—

 
—

 
—

 
—

 
—

 
—

 
—

Interest Expense Portion of Rental Expense
76

 
52

 
77

 
69

 
68

 
68

 
63

Total Fixed Charges
$
634

 
$
547

 
$
793

 
$
655

 
$
663

 
$
638

 
$
672

Ratio of Earnings to Fixed Charges
—

 
—

 
—

 
—

 
—

 
—

 
—

Deficiency
$
(331
)
 
$
(556
)
 
$
(786
)
 
$
(712
)
 
$
(623
)
 
$
(264
)
 
$
(1,099
)