Exhibit 12
SBC COMMUNICATIONS INC.
SUPPLEMENTAL PRO FORMA COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Dollars in Millions
2001 2000 1999 1998 1997 ---------- ---------- ---------- ----------- ---------- Income Before Income Taxes, Extraordinary Items and Cumulative Effect of Accounting Changes* $ 10,602 $ 12,367 $ 10,382 $ 11,859 $ 6,356 Add: Interest Expense 1,599 1,592 1,430 1,605 1,550 Dividends on Preferred Securities 57 118 118 114 98 1/3 Rental Expense 266 252 236 228 202 ---------- ---------- ---------- ----------- ---------- Adjusted Earnings $ 12,524 $ 14,329 $ 12,166 $ 13,806 $ 8,206 ========== ========== ========== =========== ========== Total Interest Charges $ 1,718 $ 1,693 $ 1,511 $ 1,691 $ 1,700 Dividends on Preferred Securities 57 118 118 114 98 1/3 Rental Expense 266 252 236 228 202 ---------- ---------- ---------- ----------- ---------- Adjusted Fixed Charges $ 2,041 $ 2,063 $ 1,865 $ 2,033 $ 2,000 ========== ========== ========== =========== ========== Ratio of Earnings to Fixed Charges 6.14 6.95 6.52 6.79 4.10 *Undistributed earnings on investments accounted for under the equity method have been excluded.