EXHIBIT 12.1
Frontier Communications Corporation
Statements of the Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
(Unaudited)
Three Months Ended March 31, | Years Ended December 31, | |||||||||||||||||||||||||||
2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||||||
Pre-tax income from continuing operations | $ | 75,528 | $ | 59,008 | $ | 193,109 | $ | 290,770 | $ | 344,528 | $ | 394,800 | $ | 265,193 | ||||||||||||||
(Income) or loss from equity investees | (82 | ) | (274 | ) | (994 | ) | (4,667 | ) | (4,655 | ) | 136 | (91 | ) | |||||||||||||||
Pre-tax income from continuing operations before (income) or loss from equity investees | 75,446 | 58,734 | 192,115 | 286,103 | 339,873 | 394,936 | 265,102 | |||||||||||||||||||||
Fixed charges | 96,328 | 91,455 | 388,554 | 373,516 | 391,409 | 343,954 | 346,531 | |||||||||||||||||||||
Distributed income of equity investees | 102 | 605 | 1,532 | 3,935 | 4,064 | — | 818 | |||||||||||||||||||||
Interest capitalized | (315 | ) | (563 | ) | (1,714 | ) | (2,796 | ) | (2,857 | ) | (2,081 | ) | (2,176 | ) | ||||||||||||||
Preference security dividend requirements of consolidated subsidiaries | — | — | — | (214 | ) | (246 | ) | (642 | ) | (2,008 | ) | |||||||||||||||||
Income attributable to the noncontrolling interest in a partnership | (907 | ) | (652 | ) | (2,398 | ) | (1,614 | ) | (1,860 | ) | (4,313 | ) | (1,981 | ) | ||||||||||||||
Total earnings | $ | 170,654 | $ | 149,579 | $ | 578,089 | $ | 658,930 | $ | 730,383 | $ | 731,854 | $ | 606,286 | ||||||||||||||
Ratio of earnings to fixed charges | 1.77 | 1.64 | 1.49 | 1.76 | 1.87 | 2.13 | 1.75 | |||||||||||||||||||||
NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.