EXHIBIT 12 | ||||||||||||||||||||||
AT&T INC. | ||||||||||||||||||||||
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES | ||||||||||||||||||||||
Dollars in Millions | ||||||||||||||||||||||
Six Months Ended | ||||||||||||||||||||||
June 30, | Year Ended December 31, | |||||||||||||||||||||
(Unaudited) | ||||||||||||||||||||||
2014 | 2013 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Earnings: | ||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 11,757 | $ | 11,124 | $ | 27,777 | $ | 10,439 | $ | 6,716 | $ | 18,238 | $ | 18,518 | ||||||||
Equity in net income of affiliates included above | (190) | (403) | (642) | (752) | (784) | (762) | (734) | |||||||||||||||
Fixed charges | 2,559 | 2,390 | 5,452 | 4,876 | 4,835 | 4,723 | 5,012 | |||||||||||||||
Distributed income of equity affiliates | 133 | 205 | 318 | 137 | 161 | 161 | 317 | |||||||||||||||
Interest | (118) | (140) | (284) | (263) | (162) | (772) | (740) | |||||||||||||||
Earnings, as adjusted | $ | 14,141 | $ | 13,176 | $ | 32,621 | $ | 14,437 | $ | 10,766 | $ | 21,588 | $ | 22,373 | ||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense | $ | 1,741 | $ | 1,652 | $ | 3,940 | $ | 3,444 | $ | 3,535 | $ | 2,994 | $ | 3,368 | ||||||||
Interest capitalized | 118 | 140 | 284 | 263 | 162 | 772 | 740 | |||||||||||||||
Portion of rental expense representative of interest factor | 700 | 598 | 1,228 | 1,169 | 1,138 | 957 | 904 | |||||||||||||||
Fixed Charges | $ | 2,559 | $ | 2,390 | $ | 5,452 | $ | 4,876 | $ | 4,835 | $ | 4,723 | $ | 5,012 | ||||||||
Ratio of Earnings to Fixed Charges | 5.53 | 5.51 | 5.98 | 2.96 | 2.23 | 4.57 | 4.46 | |||||||||||||||
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10-Q Filing
AT&T (T) 10-Q2014 Q2 Quarterly report
Filed: 1 Aug 14, 12:00am