Exhibit 12
to
Form 10-K for 1994
CINCINNATI BELL INC.
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS
(Thousands of Dollars)
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1994 1993 1992 1991 1990
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1. Earnings
(a) Income (loss) before Income Taxes, adjusted for
undistributed income and losses from partnerships . $118,910 $(53,789) $ 55,580 $ 68,734 $137,226
(b) Interest Expense. . . . . . . . . . . . . . . . . . . 49,546 45,760 46,158 52,839 45,254
(c) One-third of Rental Expense . . . . . . . . . . . . . 23,892 23,665 22,521 20,820 17,425
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. . . . . . . . . . . . . . . . . . . . . . . . . . . $192,348 $ 15,636 $124,259 $142,393 $199,905
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2. Fixed Charges
(a) Interest Expense. . . . . . . . . . . . . . . . . . . $ 49,546 $ 45,760 $ 46,158 $ 52,839 $ 45,254
(b) Preferred Dividends . . . . . . . . . . . . . . . . . - 3,458 6,591 6,591 6,591
(c) One-third of Rental Expense . . . . . . . . . . . . . 23,892 23,665 22,521 20,820 17,425
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$ 73,438 $ 72,883 $ 75,270 $ 80,250 $ 69,270
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3. Ratio of Earnings to Combined Fixed Charges and
Preferred Dividends (1 dividend by 2) . . . . . . . . . 2.62 N/M 1.65 1.77 2.89
<FN>
N/M - Not meaningful as earnings are inadequate to cover the fixed charges by
$57,247.