Exhibit 12
STATEMENTS RE COMPUTATION OF RATIOS
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
LEVEL 3 COMMUNICATIONS, INC.
|
| | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | |
| | | Fiscal Year Ended |
| (In millions) | | 2011 | | 2010 | | 2009 | | 2008 | | 2007 |
| Loss from Continuing Operations Before Taxes | | $ | (786 | ) | | $ | (712 | ) | | $ | (623 | ) | | $ | (312 | ) | | $ | (1,167 | ) |
| Interest on Debt, Net of Capitalized Interest | | 716 |
| | 586 |
| | 595 |
| | 570 |
| | 609 |
|
| Amortization of Capitalized Interest | | — |
| | — |
| | — |
| | 48 |
| | 68 |
|
| Portion of rents deemed representative of the interest factor (1/3) | | 77 |
| | 69 |
| | 68 |
| | 68 |
| | 63 |
|
| (Losses) Earnings Available for Fixed Charges | | $ | 7 |
| | $ | (57 | ) | | $ | 40 |
| | $ | 374 |
| | $ | (427 | ) |
| Interest on Debt | | $ | 716 |
| | $ | 586 |
| | $ | 595 |
| | $ | 570 |
| | $ | 609 |
|
| Preferred Dividends | | — |
| | — |
| | — |
| | — |
| | — |
|
| Interest Expense Portion of Rental Expense | | 77 |
| | 69 |
| | 68 |
| | 68 |
| | 63 |
|
| Total Fixed Charges | | $ | 793 |
| | $ | 655 |
| | $ | 663 |
| | $ | 638 |
| | $ | 672 |
|
| Ratio of Earnings to Fixed Charges | | — |
| | — |
| | — |
| | — |
| | — |
|
| Deficiency | | $ | (786 | ) | | $ | (712 | ) | | $ | (623 | ) | | $ | (264 | ) | | $ | (1,099 | ) |
