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Content analysis
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8th grade Avg
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Exhibit 12
LEVEL 3 COMMUNICATIONS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS
|
| Fiscal Year Ended |
| |||||||||||||
|
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| |||||
Loss from Continuing Operations Before Income Taxes |
| $ | (1,136 | ) | $ | (788 | ) | $ | (702 | ) | $ | (477 | ) | $ | (746 | ) |
Earnings of Equity Investees |
| — |
| — |
| — |
| — |
| (3 | ) | |||||
Interest on Debt, Net of Capitalized Interest |
| 577 |
| 648 |
| 530 |
| 485 |
| 567 |
| |||||
Amortization of Capitalized Interest |
| 68 |
| 68 |
| 68 |
| 68 |
| 68 |
| |||||
Interest Expense Portion of Rental Expense |
| 63 |
| 44 |
| 25 |
| 29 |
| 31 |
| |||||
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|
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| |||||
Earnings (Losses) Available for Fixed Charges |
| $ | (428 | ) | $ | (28 | ) | $ | (79 | ) | $ | 105 |
| $ | (83 | ) |
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Interest on Debt |
| $ | 577 |
| $ | 648 |
| $ | 530 |
| $ | 485 |
| $ | 567 |
|
Preferred Dividends |
| — |
| — |
| — |
| — |
| — |
| |||||
Interest Expense Portion of Rental Expense |
| 63 |
| 44 |
| 25 |
| 29 |
| 31 |
| |||||
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| |||||
Total Fixed Charges |
| $ | 640 |
| $ | 692 |
| $ | 555 |
| $ | 514 |
| $ | 598 |
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|
| |||||
Ratio of Earnings to Fixed Charges |
| — |
| — |
| — |
| — |
| — |
| |||||
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| |||||
Deficiency |
| $ | (1,068 | ) | $ | (720 | ) | $ | (634 | ) | $ | (409 | ) | $ | (681 | ) |