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
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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
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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.