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Content analysis
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H.S. freshman Avg
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Exhibit 12 to
Form 10-K for 2002
Broadwing Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Dividends
(millions of dollars)
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| 2002 |
| 2001 |
| 2000 |
| 1999 |
| 1998 |
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Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges |
| $ | (3,880.5 | ) | $ | (127.2 | ) | $ | (306.1 | ) | $ | 146.1 |
| $ | 186.8 |
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Fixed Charges: |
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Interest expense, etc. |
| 173.3 |
| 191.7 |
| 188.3 |
| 65.5 |
| 24.2 |
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Appropriate portion of rentals |
| 13.5 |
| 13.9 |
| 10.7 |
| 7.7 |
| 3.9 |
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Preferred stock dividends of majority subsidiaries |
| 27.7 |
| 27.7 |
| 28.3 |
| 4.0 |
| — |
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Total Fixed Charges |
| 214.5 |
| 233.3 |
| 227.3 |
| 77.2 |
| 28.1 |
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Preferred dividend requirements |
| 10.4 |
| 10.4 |
| 8.1 |
| 2.1 |
| — |
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Total Fixed Charges and preferred dividends |
| $ | 224.9 |
| $ | 243.7 |
| $ | 235.4 |
| $ | 79.3 |
| $ | 28.1 |
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Ratio of earnings to combined fixed charges and preferred dividends |
| (17.3 | ) | (0.5 | ) | (1.3 | ) | 1.8 |
| 6.6 |
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Coverage Deficiency |
| $ | 4,105.4 |
| $ | 370.9 |
| $ | 541.5 |
| n/a |
| n/a |
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