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Exhibit 12
QWEST COMMUNICATIONS INTERNATIONAL INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
| Years Ended December 31, | |||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2008 | 2007 | 2006 | 2005 | 2004 | |||||||||||
| (Dollars in millions) | |||||||||||||||
Income (loss) from continuing operations before income taxes, discontinued operations and cumulative effect of changes in accounting principles | $ | 1,099 | $ | 664 | $ | 557 | $ | (760 | ) | $ | (1,706 | ) | ||||
Add: estimated fixed charges | 1,132 | 1,209 | 1,287 | 1,648 | 1,678 | |||||||||||
Add: estimated amortization of capitalized interest | 15 | 12 | 12 | 14 | 13 | |||||||||||
Less: interest capitalized | (21 | ) | (16 | ) | (14 | ) | (13 | ) | (12 | ) | ||||||
Total earnings available for fixed charges | $ | 2,225 | $ | 1,869 | $ | 1,842 | $ | 889 | $ | (27 | ) | |||||
Estimate of interest factor on rentals | $ | 90 | $ | 98 | $ | 104 | $ | 152 | $ | 135 | ||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs(1) | 1,021 | 1,095 | 1,169 | 1,483 | 1,531 | |||||||||||
Interest capitalized | 21 | 16 | 14 | 13 | 12 | |||||||||||
Total fixed charges | $ | 1,132 | $ | 1,209 | $ | 1,287 | $ | 1,648 | $ | 1,678 | ||||||
Ratio of earnings to fixed charges | 2.0 | 1.5 | 1.4 | nm | nm | |||||||||||
Additional pre-tax income needed for earnings to cover total fixed charges | $ | — | $ | — | $ | — | $ | 759 | $ | 1,705 | ||||||
nm—Negative ratios or ratios less than 1.0 are considered not meaningful.
- (1)
- Interest expense includes only interest related to long-term borrowings and capital lease obligations.
QWEST COMMUNICATIONS INTERNATIONAL INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (UNAUDITED)