Level 3 Parent (LVLT) 10-K 2010 FY Annual report

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Exhibit 12

STATEMENTS RE COMPUTATION OF RATIOS

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

LEVEL 3 COMMUNICATIONS, INC.

	Fiscal Year Ended
	2010			2009			2008			2007			2006
	(dollars in millions)
Loss from Continuing Operations Before Taxes	$	(713	)	$	(617	)	$	(312	)	$	(1,168	)	$	(810	)
Interest on Debt, Net of Capitalized Interest		586			595			570			609			670
Amortization of Capitalized Interest		—			—			48			68			68
Interest Expense Portion of Rental Expense		69			68			68			63			44
Earnings (Losses) Available for Fixed Charges	$	(58	)	$	46		$	374		$	(428	)	$	(28	)
Interest on Debt	$	586		$	595		$	570		$	609		$	670
Preferred Dividends		—			—			—			—			—
Interest Expense Portion of Rental Expense		69			68			68			63			44
Total Fixed Charges	$	655		$	663		$	638		$	672		$	714
Ratio of Earnings to Fixed Charges		—			—			—			—			—
Deficiency	$	(713	)	$	(617	)	$	(264	)	$	(1,100	)	$	(742	)

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STATEMENTS RE COMPUTATION OF RATIOS STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES LEVEL 3 COMMUNICATIONS, INC.