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)   

Nine Months Ended

September 30, 2008

 

Income before provision for income taxes

   $ 7,969  

Minority interest

     4,459  

Equity in earnings of unconsolidated businesses

     (458 )

Dividends from unconsolidated businesses

     761  

Interest expense

     1,302  

Portion of rent expense representing interest

     458  

Amortization of capitalized interest

     91  
        

Income, as adjusted

   $ 14,582  
        

Fixed charges:

  

Interest expense

   $ 1,302  

Portion of rent expense representing interest

     458  

Capitalized interest

     514  
        

Fixed charges

   $ 2,274  
        

Ratio of earnings to fixed charges

     6.41