Frontier Communications Corporation
Statements of the Ratio of Earnings to Fixed Charges
and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
($ in Millions)
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| Years Ended December 31, |
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| 2017 |
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| 2016 |
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| 2015 |
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| 2014 |
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| 2013 |
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Pre-tax income(loss) from continuing operations | $ | (3,187) |
| $ | (623) |
| $ | (361) |
| $ | 163 |
| $ | 163 |
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Fixed charges |
| 1,577 |
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| 1,588 |
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| 1,156 |
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| 732 |
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| 698 |
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Interest capitalized |
| (12) |
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| (11) |
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| (4) |
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| (3) |
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| (3) |
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Income attributable to the noncontrolling |
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interest in a partnership |
| - |
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| - |
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| - |
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| - |
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| (2) |
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Total earnings | $ | (1,622) |
| $ | 954 |
| $ | 791 |
| $ | 892 |
| $ | 856 |
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Fixed charges |
| 1,577 |
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| 1,588 |
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| 1,156 |
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| 732 |
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| 698 |
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Dividends declared on preferred stock |
| 214 |
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| 214 |
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| 120 |
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| - |
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| - |
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Combined fixed charges and |
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preferred stock dividends |
| 1,791 |
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| 1,802 |
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| 1,276 |
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| 732 |
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| 698 |
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Excess (deficiency) in earnings required to |
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cover fixed charges | $ | (3,199) |
| $ | (634) |
| $ | (365) |
| $ | 160 |
| $ | 158 |
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Ratio of earnings to fixed charges |
| (1.03) |
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| 0.60 |
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| 0.68 |
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| 1.22 |
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| 1.23 |
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Excess (deficiency) in earnings required to |
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cover combined fixed charges and |
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preferred stock dividends | $ | (3,413) |
| $ | (848) |
| $ | (485) |
| $ | 160 |
| $ | 158 |
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Ratio of earnings to combined fixed charges |
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and preferred stock dividends |
| (0.91) |
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| 0.53 |
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| 0.62 |
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| 1.22 |
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| 1.23 |
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NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges. |
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