Level 3 Parent (LVLT) 10-Q 2015 Q2 Quarterly report

Exhibit 12

LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES

Statement Regarding Computation of Ratio of Earnings to Fixed Charges

(unaudited)

	Six Months Ended June 30,				Year Ended December 31,
(dollars in millions)	2015		2014		2014		2013			2012			2011			2010
Income (Loss) from Continuing Operations Before Income Taxes	$	132	$	182	$	238	$	(71	)	$	(374	)	$	(786	)	$	(712	)
Interest on Debt, Net of Capitalized Interest	345		300		654		649			733			716			586
Amortization of Capitalized Interest	—		—		—		—			—			—			—
Portion of rents deemed representative of the interest factor (1/3)	59		51		104		101			101			77			69
Earnings (Losses) Available for Fixed Charges	$	536	$	533	$	996	$	679		$	460		$	7		$	(57	)
Interest on Debt	345		300		654		649			733			716			586
Preferred Dividends	—		—		—		—			—			—			—
Interest Expense Portion of Rental Expense	59		51		104		101			101			77			69
Total Fixed Charges	$	404	$	351	$	758	$	750		$	834		$	793		$	655
Ratio of Earnings to Fixed Charges	1.3		1.5		1.3		—			—			—			—
Deficiency	$	—	$	—	$	—	$	(71	)	$	(374	)	$	(786	)	$	(712	)