Exhibit 12
STATEMENTS RE COMPUTATION OF RATIOS
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
LEVEL 3 COMMUNICATIONS, INC.
(unaudited)
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| Three Months |
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| Ended March 31, |
| Fiscal Year Ended |
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(In millions) |
| 2011 |
| 2010 |
| 2010 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
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Loss from Continuing Operations Before Taxes |
| $ | (178 | ) | $ | (237 | ) | $ | (713 | ) | $ | (617 | ) | $ | (312 | ) | $ | (1,168 | ) | $ | (810 | ) |
Interest on Debt, Net of Capitalized Interest |
| 157 |
| 149 |
| 586 |
| 595 |
| 570 |
| 609 |
| 670 |
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Amortization of Capitalized Interest |
| — |
| — |
| — |
| — |
| 48 |
| 68 |
| 68 |
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Portion of rents deemed representative of the interest factor (1/3) |
| 17 |
| 17 |
| 69 |
| 68 |
| 68 |
| 63 |
| 44 |
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(Losses) Earnings Available for Fixed Charges |
| $ | (4 | ) | $ | (71 | ) | $ | (58 | ) | $ | 46 |
| $ | 374 |
| $ | (428 | ) | $ | (28 | ) |
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Interest on Debt |
| $ | 157 |
| $ | 149 |
| $ | 586 |
| $ | 595 |
| $ | 570 |
| $ | 609 |
| $ | 670 |
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Preferred Dividends |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
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Interest Expense Portion of Rental Expense |
| 17 |
| 17 |
| 69 |
| 68 |
| 68 |
| 63 |
| 44 |
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Total Fixed Charges |
| $ | 174 |
| $ | 166 |
| $ | 655 |
| $ | 663 |
| $ | 638 |
| $ | 672 |
| $ | 714 |
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Ratio of Earnings to Fixed Charges |
| — |
| — |
| — |
| — |
| — |
| — |
| — |
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Deficiency |
| $ | (178 | ) | $ | (237 | ) | $ | (713 | ) | $ | (617 | ) | $ | (264 | ) | $ | (1,100 | ) | $ | (742 | ) |