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EXHIBIT 12
AIRTOUCH COMMUNICATIONS, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
6 MOS. YEAR YEAR YEAR YEAR YEAR
(DOLLARS IN MILLIONS) 1995 1994 1993 1992 1991 1990
-------- -------- -------- -------- -------- --------
EARNINGS
Reported pre-tax income from
continuing operations $152.4 $206.4 $107.9 $ 14.4 $ 92.9 $101.7
Add back:
Equity in net losses of less-than-
fifty-percent-owned unconsolidated
wireless systems 37.3 35.3 36.6 38.6 21.5 11.5
Distributed income of less-than-
fifty-percent-owned unconsolidated
wireless systems 1.7 1.1 8.7 7.8 0.0 0.0
Fixed charges included in reported
pre-tax income 12.0 24.5 34.5 64.3 46.8 27.8
Deduct:
Minority interests in net losses of
consolidated wireless systems (17.4) (21.7) (3.8) (2.5) 0.0 (4.9)
------ ------ ------ ------ ------ ------
Total $186.0 $245.6 $183.9 $122.6 $161.2 $136.1
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FIXED CHARGES
Total interest on debt $ 4.4 $ 10.7 $ 25.8 $ 56.5 $ 49.2 $ 29.5
1/3 operating rental expense 7.6 14.2 12.4 11.4 9.2 6.1
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Total $12.0 $ 24.9 $ 38.2 $ 67.9 $ 58.4 $ 35.6
----- ------ ------ ------ ------ ------
RATIO OF EARNINGS TO
FIXED CHARGES 15.6 9.9 4.8 1.8 2.8 3.8
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Prior to April 1, 1994, the Company was an 86.1% owned subsidiary of Pacific
Telesis Group ("Telesis"). As a subsidiary of Telesis, the Company met its
funding requirements primarily through short-term borrowings and equity
contributions from Telesis. During 1993, Telesis provided equity contributions
of $1,179.8 million which the Company used to significantly reduce its
indebtedness to Telesis. The Company's indebtedness to Telesis totaled $958.4
million at December 31, 1992 and $0.3 million at December 31, 1993.