EX-12 8 a2052832zex-12.txt EXHIBIT 12 QWEST RATIO OF EARNINGS TO FIXED CHARGES
------------------------------------------------------------ ------------------------ THREE MONTHS ENDED YEAR ENDED DECEMBER 31, MARCH 31, ------------------------------------------------------------ ------------------------ (Dollars in Millions) 1996 1997 1998 1999 2000 2000 2001 ---------- ----------- ------------ ------------- ---------- ------------ ----------- Income before income taxes $2,377 $2,429 $2,419 $1,902 $126 $647 $163 and extraordinary income Interest expense (net of 448 405 543 736 1,041 211 338 amount capitalized) Interest factor on rentals 79 91 70 92 137 30 33 (1/3) ---------- ----------- ------------ ------------- ---------- ------------ ----------- Earnings 2,904 2,925 3,032 2,730 1,304 888 534 ---------- ----------- ------------ ------------- ---------- ------------ ----------- Gross interest expense 468 479 425 568 1,094 224 350 Interest factor on rentals 79 91 70 92 137 30 33 (1/3) ---------- ----------- ------------ ------------- ---------- ------------ ----------- Fixed charges 558 516 638 855 1,231 254 383 ---------- ----------- ------------ ------------- ---------- ------------ ----------- Ratio of earnings to fixed 5.20 5.67 4.75 3.19 1.06 3.49 1.39 charges