EX-12 2 d787433dex12.htm EX-12 EX-12

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(dollars in millions)    Nine Months Ended
September 30, 2014		  

Earnings:

   

Income before provision for income taxes

    $   19,156   

Equity in earnings of unconsolidated businesses

      (1,811 ) 

Dividends from unconsolidated businesses

      26   

Interest expense (1)

      3,633   

Portion of rent expense representing interest

      674   

Amortization of capitalized interest

      143   
  

 

 

  

Earnings, as adjusted

    $ 21,821   
  

 

 

  

Fixed Charges:

   

Interest expense (1)

    $ 3,633   

Portion of rent expense representing interest

      674   

Capitalized interest

      324   
  

 

 

  

Fixed charges

    $ 4,631   
  

 

 

  

Ratio of earnings to fixed charges

      4.71   
  

 

 

  

 

(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.