EX-12 2 a08-18739_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

 

(dollars in millions)

 

2008

 

2007

 

2007

 

2006

 

2005

 

2004

 

2003

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from Continuing Operations Before Taxes

 

$

(210

)

$

(847

)

$

(1,136

)

$

(788

)

$

(702

)

$

(477

)

$

(746

)

Earnings of Equity Investees

 

—

 

—

 

—

 

—

 

—

 

—

 

(3

)

Interest on Debt, Net of Capitalized Interest

 

267

 

303

 

577

 

648

 

530

 

485

 

567

 

Amortization of Capitalized Interest

 

25

 

34

 

68

 

68

 

68

 

68

 

68

 

Interest Expense Portion of Rental Expense

 

32

 

32

 

63

 

44

 

25

 

29

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses) Available for Fixed Charges

 

$

114

 

$

(478

)

$

(428

)

$

(28

)

$

(79

)

105

 

$

(83

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Debt

 

$

267

 

$

303

 

$

577

 

$

648

 

$

530

 

$

485

 

$

567

 

Preferred Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest Expense Portion of Rental Expense

 

32

 

32

 

63

 

44

 

25

 

29

 

31

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

299

 

$

335

 

$

640

 

$

692

 

$

555

 

$

514

 

$

598

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

$

(185

)

$

(813

)

$

(1,068

)

$

(720

)

$

(634

)

$

(409

)

$

(681

)