EX-12 2 lvltexhibit12123112.htm EXHIBIT LVLT Exhibit 12 12.31.12


Exhibit 12
 
STATEMENTS RE COMPUTATION OF RATIOS
 
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fiscal Year Ended
(In millions)
 
2012
 
2011
 
2010
 
2009
 
2008
Loss from Continuing Operations Before Taxes
 
$
(374
)
 
$
(786
)
 
$
(712
)
 
$
(623
)
 
$
(312
)
Interest on Debt, Net of Capitalized Interest
 
733

 
716

 
586

 
595

 
570

Amortization of Capitalized Interest
 
—

 
—

 
—

 
—

 
48

Portion of rents deemed representative of the interest factor (1/3)
 
101

 
77

 
69

 
68

 
68

(Losses) Earnings Available for Fixed Charges
 
$
460

 
$
7

 
$
(57
)
 
$
40

 
$
374

Interest on Debt
 
$
733

 
$
716

 
$
586

 
$
595

 
$
570

Preferred Dividends
 
—

 
—

 
—

 
—

 
—

Interest Expense Portion of Rental Expense
 
101

 
77

 
69

 
68

 
68

Total Fixed Charges
 
$
834

 
$
793

 
$
655

 
$
663

 
$
638

Ratio of Earnings to Fixed Charges
 
—

 
—

 
—

 
—

 
—

Deficiency
 
$
(374
)
 
$
(786
)
 
$
(712
)
 
$
(623
)
 
$
(264
)