Verizon Communications (VZ) 10-Q 2012 Q2 Quarterly report

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

(dollars in millions)	Six Months Ended June 30, 2012
Earnings:
Income before provision for income taxes	$	9,710
Equity in earnings of unconsolidated businesses		(175	)
Dividends from unconsolidated businesses		26
Interest expense(1)		1,364
Portion of rent expense representing interest		410
Amortization of capitalized interest		80
Earnings, as adjusted	$	11,415
Fixed Charges:
Interest expense(1)	$	1,364
Portion of rent expense representing interest		410
Capitalized interest		133
Fixed Charges	$	1,907
Ratio of earnings to fixed charges		5.99

⁽¹⁾ We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges.