Verizon Hawaii Inc. EXHIBIT 12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Six Months Ended (Dollars in Millions) June 30, 2002 - -------------------------------------------------------------------------------------------------- Income before provision for income taxes $ 41.2 Equity in loss from affiliate .1 Interest expense 17.1 Portion of rent expense representing interest 3.7 Amortization of capitalized interest .1 ------------------ Earnings, as adjusted $ 62.2 ================== Fixed charges: Interest expense $ 17.1 Portion of rent expense representing interest 3.7 Capitalized interest .1 ------------------ Fixed Charges $ 20.9 ================== Ratio of Earnings to Fixed Charges 2.98 ==================