Exhibit 12
QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Years Ended December 31, | ||||||||||||||||||||
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
(Dollars in millions) | ||||||||||||||||||||
Income before income taxes | $ | 1,873 | $ | 1,921 | $ | 2,267 | $ | 2,440 | $ | 1,882 | ||||||||||
Add: estimated fixed charges | 689 | 705 | 671 | 682 | 700 | |||||||||||||||
Add: estimated amortization of capitalized interest | 10 | 11 | 12 | 10 | 10 | |||||||||||||||
Less: interest capitalized | (12 | ) | (10 | ) | (14 | ) | (12 | ) | (12 | ) | ||||||||||
Total earnings available for fixed charges | $ | 2,560 | $ | 2,627 | $ | 2,936 | $ | 3,120 | $ | 2,580 | ||||||||||
Estimate of interest factor on rentals | $ | 62 | $ | 63 | $ | 68 | $ | 62 | $ | 72 | ||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs(1) | 615 | 632 | 589 | 608 | 616 | |||||||||||||||
Interest capitalized | 12 | 10 | 14 | 12 | 12 | |||||||||||||||
Total fixed charges | $ | 689 | $ | 705 | $ | 671 | $ | 682 | $ | 700 | ||||||||||
Ratio of earnings to fixed charges | 3.7 | 3.7 | 4.4 | 4.6 | 3.7 |
(1) | Interest expense includes only interest related to long-term borrowings and capital lease obligations. |