QWEST COMMUNICATIONS INTERNATIONAL INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratios)
(unaudited)
QWEST COMMUNICATIONS INTERNATIONAL INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Amounts in millions, except ratios)
(unaudited)
Nine Months Ended Year Ended
Sept. 30, December 31,
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1998 1997 1997 1996 1995 1994 1993
---- ---- ---- ---- ---- ---- ----
Income (loss) before income taxes (837.0) 4.5 $23.6 $(10.2) $(38.5) $(10.7) $111.7
Add:
Interest on debt, net of
capitalized interest 62.3 8.9 18.9 7.0 4.3 0.2 3.3
Interest expense portion of
rental expense 5.1 1.4 2.1 1.7 1.5 1.0 1.2
------- ----- ----- ----- ------ ----- ------
Earnings available for fixed $(769.6) $14.8 $44.6 $(1.5) $(32.7) $(9.5) $116.2
charges ======= ===== ===== ===== ====== ===== ======
Fixed charges:
Interest on debt $ 89.3 $20.1 $36.6 $ 9.4 $ 6.2 $ 0.5 $ 3.3
Interest expense portion of 5.1 1.4 2.1 1.7 1.5 1.0 1.2
rental expense
Preferred stock dividend - - - - - - 16.0
------- ----- ----- ----- ------ ----- ------
Total fixed charges . $ 94.4 $21.5 $38.7 $11.1 $ 7.7 $ 1.5 $20.5
======= ===== ===== ===== ====== ===== ======
Ratio of earnings to fixed
charges(1) - - 1.15 - - - 5.67
(1) Earnings were insufficient to cover fixed charges by $864.0 and $6.7 million for the nine-month periods
ended September 30, 1998 and 1997, respectively, and $12.6 million, $40.4 million and $11.0 million for
the years ended December 31, 1996, 1995 and 1994.