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Content analysis
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H.S. freshman Avg
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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.
|
| Three Months Ended |
| Fiscal Year Ended |
| |||||||||||||||||
(dollars in millions) |
| 2008 |
| 2007 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| |||||||
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|
|
|
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|
|
|
|
| |||||||
Loss from Continuing Operations Before Taxes |
| $ | (178 | ) | $ | (645 | ) | $ | (1,136 | ) | $ | (788 | ) | $ | (702 | ) | $ | (477 | ) | $ | (746 | ) |
Earnings of Equity Investees |
| — |
| — |
| — |
| — |
| — |
| — |
| (3 | ) | |||||||
Interest on Debt, Net of Capitalized Interest |
| 135 |
| 165 |
| 577 |
| 648 |
| 530 |
| 485 |
| 567 |
| |||||||
Amortization of Capitalized Interest |
| 13 |
| 17 |
| 68 |
| 68 |
| 68 |
| 68 |
| 68 |
| |||||||
Interest Expense Portion of Rental Expense |
| 17 |
| 16 |
| 63 |
| 44 |
| 25 |
| 29 |
| 31 |
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| |||||||
Earnings (Losses) Available for Fixed Charges |
| $ | (13 | ) | $ | (447 | ) | $ | (428 | ) | $ | (28 | ) | $ | (79 | ) | 105 |
| $ | (83 | ) | |
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Interest on Debt |
| $ | 135 |
| $ | 165 |
| $ | 577 |
| $ | 648 |
| $ | 530 |
| $ | 485 |
| $ | 567 |
|
Preferred Dividends |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| |||||||
Interest Expense Portion of Rental Expense |
| 17 |
| 16 |
| 63 |
| 44 |
| 25 |
| 29 |
| 31 |
| |||||||
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Total Fixed Charges |
| $ | 152 |
| $ | 181 |
| $ | 640 |
| $ | 692 |
| $ | 555 |
| $ | 514 |
| $ | 598 |
|
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|
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|
|
| |||||||
Ratio of Earnings to Fixed Charges |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
| |||||||
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|
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|
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Deficiency |
| $ | (165 | ) | $ | (628 | ) | $ | (1,068 | ) | $ | (720 | ) | $ | (634 | ) | $ | (409 | ) | $ | (681 | ) |