EX-12 2 lvltexhibit123312015.htm EXHIBIT 12 LVLT Exhibit 12 3.31.2015


Exhibit 12


LEVEL 3 COMMUNICATIONS, INC. AND SUBSIDIARIES
Statement Regarding Computation of Ratio of Earnings to Fixed Charges
(unaudited)

 
Three Months Ended March 31,
 
 
(dollars in millions)
2015
 
2014
 
2014
 
2013
 
2012
 
2011
 
2010
Income (Loss) from Continuing Operations Before Income Taxes
$
127

 
$
119

 
$
238

 
$
(71
)
 
$
(374
)
 
$
(786
)
 
$
(712
)
Interest on Debt, Net of Capitalized Interest
180

 
151

 
654

 
649

 
733

 
716

 
586

Amortization of Capitalized Interest
—

 
—

 
—

 
—

 
—

 
—

 
—

Portion of rents deemed representative of the interest factor (1/3)
30

 
25

 
104

 
101

 
101

 
77

 
69

Earnings (Losses) Available for Fixed Charges
$
337

 
$
295

 
$
996

 
$
679

 
$
460

 
$
7

 
$
(57
)
Interest on Debt
180

 
151

 
654

 
649

 
733

 
716

 
586

Preferred Dividends
—

 
—

 
—

 
—

 
—

 
—

 
—

Interest Expense Portion of Rental Expense
30

 
25

 
104

 
101

 
101

 
77

 
69

Total Fixed Charges
$
210

 
$
176

 
$
758

 
$
750

 
$
834

 
$
793

 
$
655

Ratio of Earnings to Fixed Charges
1.6

 
1.7

 
1.3

 
—

 
—

 
—

 
—

Deficiency
$
—

 
$
—

 
$
—

 
$
(71
)
 
$
(374
)
 
$
(786
)
 
$
(712
)