EX-12 8 a2027154zex-12.txt EXHIBIT 12 QWEST RATIO OF EARNINGS TO FIXED CHARGES
--------------------------------------------------------------------- NINE MONTHS ENDED YEAR ENDED DECEMBER 31, SEPTEMBER 30, --------------------------------------------------------------------- (DOLLARS IN MILLIONS): 12/31/95 12/31/96 12/31/97 12/31/98 12/31/99 1999 2000 --------------------------------------------------------------------- Income before income taxes and $ 2,248 $ 2,377 $ 2,429 $ 2,419 $ 1,902 $ 1,679 $ 196 extraordinary item Interest expense (net of amount 429 448 405 543 736 519 732 capitalized) Interest factor on rentals (1/3) 83 79 91 70 92 78 110 --------------------------------------------------------------------- Earnings 2,760 2,904 2,925 3,032 2,730 2,276 1,038 --------------------------------------------------------------------- Gross interest expense 468 479 425 568 763 544 772 Interest factor on rentals (1/3) 83 79 91 70 92 78 110 --------------------------------------------------------------------- Fixed charges 551 558 516 638 855 622 882 --------------------------------------------------------------------- Ratio of earnings to fixed charges 5.01 5.20 5.67 4.75 3.19 3.66 1.18