EX-12 2 a07-18916_1ex12.htm EX-12

Exhibit 12

STATEMENTS RE COMPUTATION OF RATIOS

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS

LEVEL 3 COMMUNICATIONS, INC.

 

 

Six Months Ended June 30,

 

Fiscal Year Ended

 

 

 

2007

 

2006

 

2006

 

2005

 

2004

 

2003

 

2002

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from Continuing Operations Before Taxes

 

$

(847

)

$

(390

)

$

(790

)

$

(702

)

$

(477

)

$

(746

)

$

(991

)

(Earnings) Losses of Equity Investees

 

—

 

—

 

—

 

—

 

—

 

(3

)

(13

)

Interest on Debt, Net of Capitalized Interest

 

303

 

320

 

648

 

530

 

485

 

567

 

560

 

Amortization of Capitalized Interest

 

34

 

34

 

68

 

68

 

68

 

68

 

68

 

Interest Expense Portion of Rental Expense

 

32

 

17

 

44

 

25

 

29

 

31

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses) Available for Fixed Charges

 

$

(478

)

$

(19

)

$

(30

)

$

(79

)

$

105

 

$

(83

)

$

(356

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Debt

 

$

303

 

$

320

 

$

648

 

$

530

 

$

485

 

$

567

 

$

560

 

Preferred Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest Expense Portion of Rental Expense

 

32

 

17

 

44

 

25

 

29

 

31

 

20

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

335

 

$

337

 

$

692

 

$

555

 

$

514

 

$

598

 

$

580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

$

(813

)

$

(356

)

$

(722

)

$

(634

)

$

(409

)

$

(681

)

$

(936

)