EX-12 2 d357176dex12.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, 2012		  

Earnings:

  

Income before provision for income taxes

   $ 9,710  

Equity in earnings of unconsolidated businesses

     (175 ) 

Dividends from unconsolidated businesses

     26  

Interest expense(1)

      1,364  

Portion of rent expense representing interest

     410  

Amortization of capitalized interest

     80  
  

 

 

  

Earnings, as adjusted

   $     11,415  
  

 

 

  

Fixed Charges:

  

Interest expense(1)

    $ 1,364  

Portion of rent expense representing interest

     410  

Capitalized interest

     133  
  

 

 

  

Fixed Charges

   $ 1,907   
  

 

 

  

Ratio of earnings to fixed charges

      5.99  
  

 

 

  

(1) We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges.