EX-12 3 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges
VERIZON SOUTH INC.
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
      
Nine Months Ended
September 30, 2002
  
      
(Dollars in Millions)
  
Income before provision for income taxes and extraordinary item
     
$
371.7
(a)
Interest expense
     
 
56.3
 
Portion of rent expense representing interest
     
 
12.5
 
Amortization of capitalized interest
     
 
.2
 
      
Earnings, as adjusted
     
$
440.7
 
      
Fixed charges:
           
Interest expense
     
$
56.3
 
Portion of rent expense representing interest
     
 
12.5
 
Capitalized interest
     
 
.3
 
      
Fixed Charges
     
$
69.1
 
      
Ratio of Earnings to Fixed Charges
     
 
6.38
 
      
 
(a)
 
Excludes a gain of $1,665.6 million on sale of assets.