Verizon Washington, DC Inc. EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Years Ended December 31, ----------------------------------------------------------------------- (Dollars in Thousands) 2001 2000 1999 1998 1997 - ------------------------------------------------------------------------------------------------------------------------------- Income before provision for income taxes and extraordinary item $109,654 $155,190 $140,998 $167,819 $ 75,577 Equity in loss (income) from affiliates 38,380 933 (126) -- -- Dividends received from equity affiliate 110 155 126 -- -- Interest expense 19,878 17,319 16,077 17,116 18,932 Portion of rent expense representing interest 8,078 3,183 2,824 2,793 3,247 Amortization of capitalized interest 1,077 988 784 614 589 ----------------------------------------------------------------------- Earnings, as adjusted $177,177 $177,768 $160,683 $188,342 $ 98,345 ======================================================================= Fixed charges: Interest expense $ 19,878 $ 17,319 $ 16,077 $ 17,116 $ 18,932 Portion of rent expense representing interest 8,078 3,183 2,824 2,793 3,247 Capitalized interest 2,999 2,811 1,302 1,041 909 ----------------------------------------------------------------------- Fixed Charges $ 30,955 $ 23,313 $ 20,203 $ 20,950 $ 23,088 ======================================================================= Ratio of Earnings to Fixed Charges 5.72 7.63 7.95 8.99 4.26 =======================================================================