EX-12 2 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

  (dollars in millions)   

  Six Months Ended

June 30, 2007

  Income before provision for income taxes, discontinued operations and extraordinary item

      $ 5,003  

  Minority interest

      2,422  

  Equity in earnings of unconsolidated businesses

      (345) 

  Dividends from unconsolidated businesses

      217  

  Interest expense

      940  

  Portion of rent expense representing interest

      273  

  Amortization of capitalized interest

      54  
      

  Income, as adjusted

      $ 8,564  
      

  Fixed charges:

   

  Interest expense

      $ 940  

  Portion of rent expense representing interest

      273  

  Capitalized interest

      227  
      

  Fixed charges

      $ 1,440  
      

  Ratio of earnings to fixed charges

      5.95  
      

 

50