1 EXHIBIT 12 GTE HAWAIIAN TELEPHONE COMPANY INCORPORATED AND SUBSIDIARIES Statement of the Consolidated Ratio of Earnings to Fixed Charges (Unaudited) (Dollars in Millions) Nine Months Ended September 30, 1999 ------------------ Net earnings available for fixed charges: Income from continuing operations $ 73.3 Add - Income taxes 36.4 - Fixed charges 32.4 ------------------ Adjusted earnings $ 142.1 ================== Fixed charges: Interest expense $ 30.0 Portion of rent expense representing interest 2.4 ------------------ Adjusted fixed charges $ 32.4 ================== RATIO OF EARNINGS TO FIXED CHARGES 4.39