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New words:
accelerate, agreed, backhaul, band, bring, depth, dropped, enforceable, fee, fourth, incremental, Indian, irrespective, Jetpack, lesser, master, maximize, Motion, realize, Rupee, tablet, USA
Removed:
addressing, fastest, loop, ratio, residential, suite, weighted, wholly
Filing tables
Filing exhibits
- 10-Q Quarterly report
- 12 Computation of Ratio of Earnings to Fixed Charges
- 31.1 Section 302 Certification - Chief Executive Officer
- 31.2 Section 302 Certification - Chief Financial Officer
- 32.1 Section 906 Certification - Chief Executive Officer
- 32.2 Section 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) | 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 | |||
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Earnings, as adjusted | $ | 11,415 | ||
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Fixed Charges: | ||||
Interest expense(1) | $ | 1,364 | ||
Portion of rent expense representing interest | 410 | |||
Capitalized interest | 133 | |||
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Fixed Charges | $ | 1,907 | ||
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Ratio of earnings to fixed charges | 5.99 | |||
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(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.