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.
| | Nine Months | | | | | | | | | | | |
| | Ended September 30, | | Fiscal Year Ended | |
| | 2009 | | 2008 | | 2008 | | 2007 | | 2006 | | 2005 | | 2004 | |
| | | | | | | | | | | | | | | |
Loss from Continuing Operations Before Taxes | | $ | (432 | ) | $ | (357 | ) | $ | (312 | ) | $ | (1,168 | ) | $ | (810 | ) | $ | (715 | ) | $ | (478 | ) |
Interest on Debt, Net of Capitalized Interest | | 445 | | 427 | | 570 | | 609 | | 670 | | 543 | | 486 | |
Amortization of Capitalized Interest | | — | | 38 | | 48 | | 68 | | 68 | | 68 | | 68 | |
Interest Expense Portion of Rental Expense | | 51 | | 49 | | 68 | | 63 | | 44 | | 25 | | 29 | |
| | | | | | | | | | | | | | | |
Earnings (Losses) Available for Fixed Charges | | $ | 64 | | $ | 157 | | $ | 374 | | $ | (428 | ) | $ | (28 | ) | $ | (79 | ) | $ | 105 | |
| | | | | | | | | | | | | | | |
Interest on Debt | | $ | 445 | | $ | 427 | | $ | 570 | | $ | 609 | | $ | 670 | | $ | 543 | | $ | 486 | |
Preferred Dividends | | — | | — | | — | | — | | — | | — | | — | |
Interest Expense Portion of Rental Expense | | 51 | | 49 | | 68 | | 63 | | 44 | | 25 | | 29 | |
| | | | | | | | | | | | | | | |
Total Fixed Charges | | $ | 496 | | $ | 476 | | $ | 638 | | $ | 672 | | $ | 714 | | $ | 568 | | $ | 515 | |
| | | | | | | | | | | | | | | |
Ratio of Earnings to Fixed Charges | | — | | — | | — | | — | | — | | — | | — | |
| | | | | | | | | | | | | | | |
Deficiency | | $ | (432 | ) | $ | (319 | ) | $ | (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 ASC 470-20 (formerly FSP APB 14-1).
