Exhibit 12
to
Form 10-K for 1995
CINCINNATI BELL INC.
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED
CHARGES AND PREFERRED DIVIDENDS
(Millions of Dollars)
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1995 1994 1993 1992 1991
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1. Earnings
(a) Income (loss) before Income Taxes, adjusted for
undistributed income and losses from partnerships. . . . . $(24.1) $118.9 $(53.8) $ 55.6 $ 68.7
(b) Interest Expense . . . . . . . . . . . . . . . . . . . . . . 52.8 49.5 45.8 46.2 52.8
(c) One-third of Rental Expense. . . . . . . . . . . . . . . . . 23.1 23.9 23.6 22.5 20.9
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$ 51.8 $192.3 $ 15.6 $124.3 $142.4
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2. Fixed Charges
(a) Interest Expense . . . . . . . . . . . . . . . . . . . . . . $ 52.8 $ 49.5 $ 45.8 $ 46.2 $ 52.8
(b) Preferred Dividends. . . . . . . . . . . . . . . . . . . . . - - 3.5 6.6 6.6
(c) One-third of Rental Expense. . . . . . . . . . . . . . . . . 23.1 23.9 23.6 22.5 20.9
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$ 75.9 $ 73.4 $ 72.9 $ 75.3 $ 80.3
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3. Ratio of Earnings to Combined Fixed Charges and
Preferred Dividends (1 divided by 2). . . . . . . . . . . . . . N/M 2.62 N/M 1.65 1.77
N/M - Not meaningful as earnings are inadequate to cover the fixed charges in
1995 by $24.1 and in 1993 by $57.3.