Exhibit 12
to
Form 10-K for 1993
CINCINNATI BELL INC.
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS
(Thousands of Dollars)
------------------------------------------------------------------
1993 1992 1991 1990 1989
---- ---- ---- ---- ----
1. Earnings
(a) Income (loss) before Income Taxes,
adjusted for undistributed income
and losses from partnerships . . . . . . . $(53,789) $ 55,580 $ 68,734 $137,226 $132,157
(b) Interest Expense . . . . . . . . . . . . . . 45,760 46,158 52,839 45,254 31,394
(c) One-third of Rental Expense. . . . . . . . . 23,665 22,521 20,820 17,425 13,312
-------- -------- -------- -------- --------
$ 15,636 $124,259 $142,393 $199,905 $176,863
2. Fixed Charges -------- -------- -------- -------- --------
-------- -------- -------- -------- --------
(a) Interest Expense . . . . . . . . . . . . . . $ 45,760 $ 46,158 $ 52,839 $ 45,254 $ 31,394
(b) Preferred Dividends. . . . . . . . . . . . . 3,458 6,591 6,591 6,591 6,591
(c) One-third of Rental Expense. . . . . . . . . 23,665 22,521 20,820 17,425 13,312
-------- -------- -------- -------- --------
$ 72,883 $ 75,270 $ 80,250 $ 69,270 $ 51,297
-------- -------- -------- -------- --------
-------- -------- -------- -------- --------
3. Ratio of Earnings to Combined Fixed Charges
and Preferred Dividends
(1 divided by 2). . . . . . . . N/M 1.65 1.77 2.89 3.45
<FN>
N/M - Not meaningful as earnings are inadequate to cover the fixed charges by $57,247.