EXHIBIT 12 VERIZON WASHINGTON, DC INC. Computation of Ratio of Earnings to Fixed Charges Nine Months Ended (Dollars in Thousands) September 30, 2001 - ------------------------------------------------------------------------- Income before provision for income taxes................ $124,924 Equity in loss from affiliates.......................... 12,206 Dividends received from equity affiliate................ 110 Interest expense........................................ 15,460 Portion of rent expense representing interest........... 2,880 Amortization of capitalized interest.................... 802 ----------- Earnings, as adjusted................................... $156,382 =========== Fixed charges: Interest expense........................................ $ 15,460 Portion of rent expense representing interest........... 2,880 Capitalized interest.................................... 2,806 ----------- Fixed Charges........................................... $ 21,146 =========== Ratio of Earnings to Fixed Charges...................... 7.40 ===========