Exhibit 12

CENTURYLINK, INC.

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

	Six Months Ended June 30,		Years Ended December 31,
	2013		2012		2011		2010		2009		2008
	(Dollars in Millions)
Income before income taxes and cumulative effect of change in accounting principle	$	899		1,250		948		1,531		813		561
Less: income from equity investee		(9)		(15)		(13)		(16)		(19)		(13)
Add: estimated fixed charges		732		1,504		1,223		615		418		229
Add: estimated amortization of capitalized interest		7		15		12		2		2		1
Add: distributed income of equity investee		8		12		14		16		20		16
Less: preferred dividends		—		—		—		—		—		—
Less: interest capitalized		(18)		(43)		(25)		(13)		(3)		(2)
Total earnings available for fixed charges	$	1,619		2,723		2,159		2,135		1,231		792
Estimate of interest factor on rentals	$	73		142		126		57		48		27
Interest expense, including amortization of premiums, discounts and debt issuance costs		641		1,319		1,072		545		367		200
Interest capitalized		18		43		25		13		3		2
Total fixed charges	$	732		1,504		1,223		615		418		229
Ratio of earnings to fixed charges		2.21		1.81		1.77		3.47		2.94		3.46