Level 3 Parent (LVLT) 10-Q 2017 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)	2017		2016		2016		2015		2014		2013			2012
Income (Loss) from Continuing Operations Before Income Taxes	$	388	$	408	$	842	$	283	$	238	$	(71	)	$	(374	)
Interest on Debt, Net of Capitalized Interest	266		275		546		642		654		649			733
Amortization of Capitalized Interest	—		—		—		—		—		—			—
Portion of rents deemed representative of the interest factor (1/3)	58		58		115		119		104		101			101
Earnings Available for Fixed Charges	$	712	$	741	$	1,503	$	1,044	$	996	$	679		$	460
Interest on Debt	266		275		546		642		654		649			733
Preferred Dividends	—		—		—		—		—		—			—
Interest Expense Portion of Rental Expense	58		58		115		119		104		101			101
Total Fixed Charges	$	324	$	333	$	661	$	761	$	758	$	750		$	834
Ratio of Earnings to Fixed Charges	2.2		2.2		2.3		1.4		1.3		—			—
Deficiency	$	—	$	—	$	—	$	—	$	—	$	(71	)	$	(374	)