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QWEST COMMUNICATIONS INTERNATIONAL INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
| | Years Ended December 31, | | |||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | 1999 (Unaudited) | ||||||||||||||
| 2003 | 2002 | 2001 | 2000 | ||||||||||||
(Loss) income before income taxes, discontinued operations and cumulative effect of change in accounting principle | $ | (1,832 | ) | $ | (20,115 | ) | $ | (7,362 | ) | $ | (2,034 | ) | $ | 1,518 | ||
Interest expense (net of amounts capitalized) | 1,757 | 1,789 | 1,437 | 1,043 | 736 | |||||||||||
Interest factor on rentals | 160 | 168 | 232 | 176 | 90 | |||||||||||
Earnings available for fixed charges | 85 | (18,158 | ) | (5,693 | ) | (815 | ) | 2,344 | ||||||||
Interest expense | 1,776 | 1,830 | 1,624 | 1,148 | 763 | |||||||||||
Interest factor on rentals | 160 | 168 | 232 | 176 | 90 | |||||||||||
Fixed charges | 1,936 | 1,998 | 1,856 | 1,324 | 853 | |||||||||||
Ratio of earnings to fixed charges (coverage deficiency)(1) | $ | (1,851 | ) | $ | (20,156 | ) | $ | (7,549 | ) | $ | (2,139 | ) | 2.75 | |||
- (1)
- For the years ended December 31, 2003, 2002, 2001 and 2000 the ratio of earnings to fixed charges was calculated as a negative ratio. As a result, disclosed above is the calculation of the coverage deficiency.
QWEST COMMUNICATIONS INTERNATIONAL INC. CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS)