Exhibit 12.1
Frontier Communications Corporation
Statements of the Ratio of Earnings to Fixed Charges
(Dollars in Thousands)
(Unaudited)
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| | Six Months Ended June 30, | | | Years Ended December 31, | |
| | 2012 | | | 2011 | | | 2010 | | | 2009 | | | 2008 | | | 2007 | |
Pre-tax income from continuing operations(1) | | $ | 82,900 | | | $ | 245,951 | | | $ | 270,716 | | | $ | 193,109 | | | $ | 290,770 | | | $ | 344,528 | |
(Income) or loss from equity investees | | | 522 | | | | 864 | | | | (367 | ) | | | (994 | ) | | | (4,667 | ) | | | (4,655 | ) |
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Pre-tax income from continuing operations before (income) or loss from equity investees | | | 83,422 | | | | 246,815 | | | | 270,349 | | | | 192,115 | | | | 286,103 | | | | 339,873 | |
Fixed charges | | | 349,006 | | | | 697,006 | | | | 541,750 | | | | 388,554 | | | | 373,516 | | | | 391,409 | |
Distributed income of equity investees | | | — | | | | — | | | | 780 | | | | 1,532 | | | | 3,935 | | | | 4,064 | |
Interest capitalized | | | (1,149 | ) | | | (8,414 | ) | | | (3,749 | ) | | | (1,714 | ) | | | (2,796 | ) | | | (2,857 | ) |
Preference security dividend requirements of consolidated subsidiaries | | | — | | | | — | | | | — | | | | — | | | | (214 | ) | | | (246 | ) |
Income attributable to the noncontrolling interest in a partnership | | | (7,732 | ) | | | (7,994 | ) | | | (3,044 | ) | | | (2,398 | ) | | | (1,614 | ) | | | (1,860 | ) |
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Total earnings | | $ | 423,547 | | | $ | 927,413 | | | $ | 806,086 | | | $ | 578,089 | | | $ | 658,930 | | | $ | 730,383 | |
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Ratio of earnings to fixed charges(1) | | | 1.21 | | | | 1.33 | | | | 1.49 | | | | 1.49 | | | | 1.76 | | | | 1.87 | |
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(1) | Includes losses on early extinguishment of debt or exchanges of debt of $70.8 million for the six months ended June 30, 2012 and $45.9 million, $6.3 million and $18.2 million for the fiscal years ended December 31, 2009, 2008 and 2007, respectively. The consolidated ratios of earnings to fixed charges, adjusted to exclude losses on early extinguishment of debt or exchanges of debt were 1.42 for the six months ended June 30, 2012 and 1.61, 1.78 and 1.91 for the fiscal years ended December 31, 2009, 2008 and 2007, respectively. |
NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.