EX-12 4 d692729dex12.htm EX-12 EX-12

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(dollars in millions)    Three Months Ended
March 31, 2014		  

Earnings:

   

Income before provision for income taxes

    $ 6,954  

Equity in earnings of unconsolidated businesses

        (1,902 ) 

Dividends from unconsolidated businesses

      8  

Interest expense (1)

      1,214  

Portion of rent expense representing interest

      214  

Amortization of capitalized interest

      46  
  

 

 

  

Earnings, as adjusted

    $   6,534  
  

 

 

  

Fixed Charges:

   

Interest expense (1)

    $ 1,214  

Portion of rent expense representing interest

      214  

Capitalized interest

      136  
  

 

 

  

Fixed Charges

    $ 1,564  
  

 

 

  

Ratio of earnings to fixed charges

      4.18  
  

 

 

  

 

(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.