EX-12 9 ftr-20171231xex12.htm EX-12 Exhibit 12 Ratio of Earning

Exhibit 12



Frontier Communications Corporation

Statements of the Ratio of Earnings to Fixed Charges

and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

($ in Millions)





 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Years Ended December 31,

 



 

2017

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income(loss) from continuing operations

$

(3,187)

 

$

(623)

 

$

(361)

 

$

163 

 

$

163 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

1,577 

 

 

1,588 

 

 

1,156 

 

 

732 

 

 

698 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(12)

 

 

(11)

 

 

(4)

 

 

(3)

 

 

(3)

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to the noncontrolling

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

interest in a partnership

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

(2)

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings

$

(1,622)

 

$

954 

 

$

791 

 

$

892 

 

$

856 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

1,577 

 

 

1,588 

 

 

1,156 

 

 

732 

 

 

698 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared on preferred stock

 

214 

 

 

214 

 

 

120 

 

 

 -

 

 

 -

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

preferred stock dividends

 

1,791 

 

 

1,802 

 

 

1,276 

 

 

732 

 

 

698 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cover fixed charges

$

(3,199)

 

$

(634)

 

$

(365)

 

$

160 

 

$

158 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

(1.03)

 

 

0.60 

 

 

0.68 

 

 

1.22 

 

 

1.23 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

cover combined fixed charges and

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

preferred stock dividends

$

(3,413)

 

$

(848)

 

$

(485)

 

$

160 

 

$

158 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and preferred stock dividends

 

(0.91)

 

 

0.53 

 

 

0.62 

 

 

1.22 

 

 

1.23 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.