EX-12 2 a09-30895_1ex12.htm EX-12

Exhibit 12

 

STATEMENTS RE COMPUTATION OF RATIOS

 

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS

 

LEVEL 3 COMMUNICATIONS, INC.

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended September 30,

 

Fiscal Year Ended

 

 

 

2009

 

2008

 

2008

 

2007

 

2006

 

2005

 

2004

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from Continuing Operations Before Taxes

 

$

(432

)

$

(357

)

$

(312

)

$

(1,168

)

$

(810

)

$

(715

)

$

(478

)

Interest on Debt, Net of Capitalized Interest

 

445

 

427

 

570

 

609

 

670

 

543

 

486

 

Amortization of Capitalized Interest

 

—

 

38

 

48

 

68

 

68

 

68

 

68

 

Interest Expense Portion of Rental Expense

 

51

 

49

 

68

 

63

 

44

 

25

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses) Available for Fixed Charges

 

$

64

 

$

157

 

$

374

 

$

(428

)

$

(28

)

$

(79

)

$

105

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Debt

 

$

445

 

$

427

 

$

570

 

$

609

 

$

670

 

$

543

 

$

486

 

Preferred Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest Expense Portion of Rental Expense

 

51

 

49

 

68

 

63

 

44

 

25

 

29

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

496

 

$

476

 

$

638

 

$

672

 

$

714

 

$

568

 

$

515

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

$

(432

)

$

(319

)

$

(264

)

$

(1,100

)

$

(742

)

$

(647

)

$

(410

)

 

Financial information for periods prior to January 1, 2009 contained in the table above have been adjusted for the retrospective application of ASC 470-20 (formerly FSP APB 14-1).