Exhibit 12
STATEMENTS RE COMPUTATION OF RATIOS
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS
LEVEL 3 COMMUNICATIONS, INC.
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| Nine Months Ended |
| Fiscal Year Ended |
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(dollars in millions) |
| 2007 |
| 2006 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
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Loss from Continuing Operations Before Taxes |
| $ | (1,025 | ) | $ | (555 | ) | $ | (790 | ) | $ | (702 | ) | $ | (477 | ) | $ | (746 | ) | $ | (991 | ) |
(Earnings) Losses of Equity Investees |
| — |
| — |
| — |
| — |
| — |
| (3 | ) | (13 | ) | |||||||
Interest on Debt, Net of Capitalized Interest |
| 441 |
| 481 |
| 648 |
| 530 |
| 485 |
| 567 |
| 560 |
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Amortization of Capitalized Interest |
| 51 |
| 51 |
| 68 |
| 68 |
| 68 |
| 68 |
| 68 |
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Interest Expense Portion of Rental Expense |
| 47 |
| 30 |
| 44 |
| 25 |
| 29 |
| 31 |
| 20 |
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Earnings (Losses) Available for Fixed Charges |
| $ | (486 | ) | $ | 7 |
| $ | (30 | ) | $ | (79 | ) | $ | 105 |
| $ | (83 | ) | $ | (356 | ) |
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Interest on Debt |
| $ | 441 |
| $ | 481 |
| $ | 648 |
| $ | 530 |
| $ | 485 |
| $ | 567 |
| $ | 560 |
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Preferred Dividends |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
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Interest Expense Portion of Rental Expense |
| 47 |
| 30 |
| 44 |
| 25 |
| 29 |
| 31 |
| 20 |
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Total Fixed Charges |
| $ | 488 |
| $ | 511 |
| $ | 692 |
| $ | 555 |
| $ | 514 |
| $ | 598 |
| $ | 580 |
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Ratio of Earnings to Fixed Charges |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
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Deficiency |
| $ | (974 | ) | $ | (504 | ) | $ | (722 | ) | $ | (634 | ) | $ | (409 | ) | $ | (681 | ) | $ | (936 | ) |