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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| Six Months |
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| Ended June 30, |
| Fiscal Year Ended |
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| 2009 |
| 2008 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
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Loss from Continuing Operations Before Taxes |
| $ | (264 | ) | $ | (228 | ) | $ | (312 | ) | $ | (1,168 | ) | $ | (810 | ) | $ | (715 | ) | $ | (478 | ) |
Interest on Debt, Net of Capitalized Interest |
| 298 |
| 285 |
| 570 |
| 609 |
| 670 |
| 543 |
| 486 |
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Amortization of Capitalized Interest |
| — |
| 25 |
| 48 |
| 68 |
| 68 |
| 68 |
| 68 |
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Interest Expense Portion of Rental Expense |
| 34 |
| 32 |
| 68 |
| 63 |
| 44 |
| 25 |
| 29 |
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Earnings (Losses) Available for Fixed Charges |
| $ | 68 |
| $ | 114 |
| $ | 374 |
| $ | (428 | ) | $ | (28 | ) | $ | (79 | ) | $ | 105 |
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Interest on Debt |
| $ | 298 |
| $ | 285 |
| $ | 570 |
| $ | 609 |
| $ | 670 |
| $ | 543 |
| $ | 486 |
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Preferred Dividends |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
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Interest Expense Portion of Rental Expense |
| 34 |
| 32 |
| 68 |
| 63 |
| 44 |
| 25 |
| 29 |
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Total Fixed Charges |
| $ | 332 |
| $ | 317 |
| $ | 638 |
| $ | 672 |
| $ | 714 |
| $ | 568 |
| $ | 515 |
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Ratio of Earnings to Fixed Charges |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
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Deficiency |
| $ | (264 | ) | $ | (203 | ) | $ | (264 | ) | $ | (1,100 | ) | $ | (742 | ) | $ | (647 | ) | $ | (410 | ) |
Financial information for periods prior to January 1, 2009 contained in the table above have been adjusted for the retrospective application of FSP APB 14-1.
