Exhibit 12
STATEMENTS RE COMPUTATION OF RATIOS
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES
(unaudited)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | |
| | Six Months Ended June 30, | | Fiscal Year Ended |
| (In millions) | 2012 | | 2011 | | 2011 | | 2010 | | 2009 | | 2008 | | 2007 |
| Loss from Continuing Operations Before Taxes | $ | (178 | ) | | $ | (354 | ) | | $ | (786 | ) | | $ | (712 | ) | | $ | (623 | ) | | $ | (312 | ) | | $ | (1,167 | ) |
| Interest on Debt, Net of Capitalized Interest | 370 |
| | 317 |
| | 716 |
| | 586 |
| | 595 |
| | 570 |
| | 609 |
|
| Amortization of Capitalized Interest | — |
| | — |
| | — |
| | — |
| | — |
| | 48 |
| | 68 |
|
| Portion of rents deemed representative of the interest factor (1/3) | 51 |
| | 35 |
| | 77 |
| | 69 |
| | 68 |
| | 68 |
| | 63 |
|
| (Losses) Earnings Available for Fixed Charges | $ | 243 |
| | $ | (2 | ) | | $ | 7 |
| | $ | (57 | ) | | $ | 40 |
| | $ | 374 |
| | $ | (427 | ) |
| Interest on Debt | 370 |
| | 317 |
| | 716 |
| | 586 |
| | 595 |
| | 570 |
| | 609 |
|
| Preferred Dividends | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| Interest Expense Portion of Rental Expense | 51 |
| | 35 |
| | 77 |
| | 69 |
| | 68 |
| | 68 |
| | 63 |
|
| Total Fixed Charges | $ | 421 |
| | $ | 352 |
| | $ | 793 |
| | $ | 655 |
| | $ | 663 |
| | $ | 638 |
| | $ | 672 |
|
| Ratio of Earnings to Fixed Charges | — |
| | — |
| | — |
| | — |
| | — |
| | — |
| | — |
|
| Deficiency | $ | (178 | ) | | $ | (354 | ) | | $ | (786 | ) | | $ | (712 | ) | | $ | (623 | ) | | $ | (264 | ) | | $ | (1,099 | ) |
