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- 10-Q Quarterly report
- 12 Computation of Ratio of Earnings to Fixed Charges
- 31.1 302 Certification - Chief Executive Officer
- 31.2 302 Certification - Chief Financial Officer
- 32.1 906 Certification - Chief Executive Officer
- 32.2 906 Certification - Chief Financial Officer
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Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (dollars in millions) | Nine Months Ended September 30, 2009 | ||
Earnings: | |||
Income before provision for income taxes | $ | 11,181 | |
Equity in earnings of unconsolidated businesses | (422) | ||
Dividends from unconsolidated businesses | 443 | ||
Interest expense | 2,416 | ||
Portion of rent expense representing interest | 538 | ||
Amortization of capitalized interest | 99 | ||
Earnings, as adjusted | $ | 14,255 | |
Fixed Charges: | |||
Interest expense | $ | 2,416 | |
Portion of rent expense representing interest | 538 | ||
Capitalized interest | 696 | ||
Fixed Charges | $ | 3,650 | |
Ratio of earnings to fixed charges | 3.91 | ||