EX-12 4 d501429dex12.htm EXHIBIT 12 Exhibit 12

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(dollars in millions)    Three Months Ended
March 31, 2013		  

Earnings:

  

Income before provision for income taxes

   $   5,719  

Equity in earnings of unconsolidated businesses

     5  

Dividends from unconsolidated businesses

     9  

Interest expense (1)

      537  

Portion of rent expense representing interest

     210  

Amortization of capitalized interest

     43  
  

 

 

  

Earnings, as adjusted

   $ 6,523  
  

 

 

  

Fixed Charges:

  

Interest expense (1)

    $ 537  

Portion of rent expense representing interest

     210  

Capitalized interest

     177  
  

 

 

  

Fixed Charges

   $ 924  
  

 

 

  

Ratio of earnings to fixed charges

     7.06  
  

 

 

  

(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.