EX-12 2 a06-9513_1ex12.htm EX-12

Exhibit 12

 

LEVEL 3 COMMUNICATIONS, INC.

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

(dollars in millions)

 

 

 

Three Months Ended

 

Fiscal Year Ended

 

 

 

3/31/2006

 

3/31/2005

 

2005

 

2004

 

2003

 

2002

 

2001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from Continuing Operations Before Taxes

 

$

(168

)

$

(77

)

$

(679

)

$

(452

)

$

(754

)

$

(973

)

$

(4,351

)

(Earnings) Losses of Equity Investees

 

—

 

—

 

—

 

—

 

(3

)

(13

)

(16

)

Interest on Debt, Net of Capitalized Interest

 

150

 

114

 

530

 

485

 

567

 

560

 

646

 

Amortization of Capitalized Interest

 

17

 

17

 

68

 

68

 

68

 

68

 

68

 

Interest Expense Portion of Rental Expense

 

9

 

6

 

26

 

30

 

34

 

22

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses) Available for Fixed Charges

 

$

8

 

$

60

 

$

(55

)

$

131

 

$

(88

)

$

(336

)

$

(3,634

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Debt

 

$

150

 

$

114

 

$

530

 

$

485

 

$

567

 

$

560

 

$

703

 

Preferred Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest Expense Portion of Rental Expense

 

9

 

6

 

26

 

30

 

34

 

22

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

159

 

$

120

 

$

556

 

$

515

 

$

601

 

$

582

 

$

722

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

$

(151

)

$

(60

)

$

(611

)

$

(384

)

$

(689

)

$

(918

)

$

(4,356

)