Exhibit 12
QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
Six Months 2006 | Years Ended December 31, | |||||||||||||||||||||||
2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||||||
Income from continuing operations before income taxes, discontinued operations and cumulative effect of change in accounting principle | $ | 868 | $ | 1,530 | $ | 1,742 | $ | 1,758 | $ | 2,435 | $ | 2,833 | ||||||||||||
Add: estimated fixed charges | 336 | 668 | 647 | 643 | 634 | 588 | ||||||||||||||||||
Add: estimated amortization of capitalized interest | 6 | 12 | 12 | 13 | 14 | 14 | ||||||||||||||||||
Less: interest capitalized | (4 | ) | (7 | ) | (9 | ) | (13 | ) | (24 | ) | (44 | ) | ||||||||||||
Total earnings available for fixed charges | 1,206 | 2,203 | 2,392 | 2,401 | 3,059 | 3,391 | ||||||||||||||||||
Estimate of interest factor on rentals | 23 | 54 | 54 | 57 | 69 | 79 | ||||||||||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 309 | 607 | 584 | 573 | 541 | 465 | ||||||||||||||||||
Interest capitalized | 4 | 7 | 9 | 13 | 24 | 44 | ||||||||||||||||||
Total fixed charges | $ | 336 | $ | 668 | $ | 647 | $ | 643 | $ | 634 | $ | 588 | ||||||||||||
Ratio of earnings to fixed charges | 3.6 | 3.3 | 3.7 | 3.7 | 4.8 | 5.8 |