EX-12 2 lvltexhibit126302014.htm EXHIBIT 12 LVLT Exhibit 12 6.30.2014


Exhibit 12


LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(unaudited)

 
Six Months Ended June 30,
 
Year Ended December 31,
(dollars in millions)
2014
 
2013
 
2013
 
2012
 
2011
 
2010
 
2009
Income (Loss) from Continuing Operations Before Income Taxes
$
182

 
$
(77
)
 
$
(71
)
 
$
(374
)
 
$
(786
)
 
$
(712
)
 
$
(623
)
Interest on Debt, Net of Capitalized Interest
300

 
336

 
649

 
733

 
716

 
586

 
595

Amortization of Capitalized Interest
—

 
—

 
—

 
—

 
—

 
—

 
—

Portion of rents deemed representative of the interest factor (1/3)
51

 
51

 
101

 
101

 
77

 
69

 
68

Earnings (Losses) Available for Fixed Charges
$
533

 
$
310

 
$
679

 
$
460

 
$
7

 
$
(57
)
 
$
40

Interest on Debt
300

 
336

 
649

 
733

 
716

 
586

 
595

Preferred Dividends
—

 
—

 
—

 
—

 
—

 
—

 
—

Interest Expense Portion of Rental Expense
51

 
51

 
101

 
101

 
77

 
69

 
68

Total Fixed Charges
$
351

 
$
387

 
$
750

 
$
834

 
$
793

 
$
655

 
$
663

Ratio of Earnings to Fixed Charges
1.5

 
—

 
—

 
—

 
—

 
—

 
—

Deficiency
$
—

 
$
(77
)
 
$
(71
)
 
$
(374
)
 
$
(786
)
 
$
(712
)
 
$
(623
)