Exhibit 12.1 Statement re Computation of Ratios
QWEST COMMUNICATIONS INTERNATIONAL INC.
CALCULATION OF RATIOS OF EARNINGS TO COMBINED FIXED CHARGES
(Amounts in thousands, except for ratios)
(unaudited)
Three Months Ended March 31, Year Ended December 31,
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1998 1997 1997 1996 1995 1994 1993
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Income (loss) before income taxes $ (9,827) (7,234) $23,580 $ (10,201) $ (38,467) $ (10,685) $111,711
Add:
Interest on debt, net of
capitalized interest 14,376 984 18,895 6,827 4,248 219 3,319
Other - 47 - 234 57 - -
Interest expense portion of
rental expense 754 429 2,084 1,666 1,548 1,049 1,168
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Earnings available for fixed
charges $ 5,303 $ (5,774) $44,559 $ (1,474) $ (32,614) $ (9,417) $116,198
=========== ========== ========== ========== ========== ========== ========
Fixed Charges:
Interest on debt $ 22,532 2,743 $36,640 $ 9,426 $ 6,161 $ 502 $ 3,319
Interest expense portion of
rental expense 754 429 2,084 1,666 1,548 1,049 1,168
Preferred stock dividend - - - - - - 15,981
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Total fixed charges $ 23,286 $ 3,172 $38,724 $ 11,092 $ 7,709 $ 1,551 $20,468
=========== =========== =========== ========== =========== =========== =======
Ratio of earnings to fixed charges - - 1.15 - - - 5.68
Deficiency of earnings to fixed
charges $ (17,983) $ (8,946) - $(12,566) $ (40,323) $ (10,968) $ -
12-1