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QWEST CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions)
| Year Ended December 31, | Three Months Ended, March 31, | |||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1997 | 1998 | 1999 | 2000 | 2001 | 2001 | 2002 | ||||||||||||||
Income before income taxes | $ | 2,018 | $ | 2,150 | $ | 2,520 | $ | 1,904 | $ | 2,778 | $ | 707 | $ | 637 | |||||||
Interest expense (net of amounts capitalized) | 374 | 386 | 403 | 548 | 612 | 147 | 166 | ||||||||||||||
Interest factor on rentals (1/3) | 67 | 56 | 78 | 109 | 108 | 26 | 23 | ||||||||||||||
Earnings available for fixed charges | $ | 2,459 | $ | 2,592 | $ | 3,001 | $ | 2,561 | $ | 3,498 | $ | 880 | $ | 826 | |||||||
Interest expense | $ | 394 | $ | 411 | $ | 430 | $ | 600 | $ | 659 | $ | 159 | $ | 175 | |||||||
Interest factor on rentals (1/3) | 67 | 56 | 78 | 109 | 108 | 26 | 23 | ||||||||||||||
Fixed charges | $ | 461 | $ | 467 | $ | 508 | $ | 709 | $ | 767 | $ | 185 | $ | 198 | |||||||
Ratio of earnings to fixed charges | 5.33 | 5.55 | 5.91 | 3.61 | 4.56 | 4.76 | 4.17 | ||||||||||||||
QWEST CORPORATION RATIO OF EARNINGS TO FIXED CHARGES (Dollars in millions)