EXHIBIT 12
BELL ATLANTIC CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(Dollars in Millions)
YEARS ENDED DECEMBER 31,
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1996 1995 1994 1993 1992
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Income before provision for income taxes, extraordinary
items, and cumulative effect of changes in
accounting principles......................................... $2,750.6 $3,009.4 $2,286.8 $2,273.6 $2,025.7
Equity in income of less than majority-owned subsidiaries...... (327.9) (152.5) (41.1) (48.3) (52.4)
Dividends from less than majority-owned subsidiaries........... 125.5 146.0 101.0 73.4 48.3
Interest expense, including interest on capital lease
obligations................................................. 486.1 571.1 624.6 719.6 828.7
Portion of rent expense representative of the interest factor.. 82.7 90.9 95.2 102.6 98.6
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Income, as adjusted............................................ $3,117.0 $3,664.9 $3,066.5 $3,120.9 $2,948.9
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Fixed charges:
Interest expense, including interest on capital lease
obligations.................................................. $ 486.1 $ 571.1 $ 624.6 $ 719.6 $ 828.7
Portion of rent expense representative of the interest factor.. 82.7 90.9 95.2 102.6 98.6
Capitalized interest........................................... 49.6 64.4 19.1 1.1 3.2
Preferred stock dividend requirement........................... 15.0 9.9 5.7 -- --
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Fixed charges.................................................. $ 633.4 $ 736.3 $ 744.6 $ 823.3 $ 930.5
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Ratio of Earnings to Fixed Charges............................. 4.92 4.98 4.12 3.79 3.17
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