EX-12 4 d888393dex12.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, 2015		  

Earnings:

   

Income before provision for income taxes

    $ 6,669   

Equity in losses of unconsolidated businesses

      34   

Dividends from unconsolidated businesses

      10   

Interest expense (1)

      1,332   

Portion of rent expense representing interest

      250   

Amortization of capitalized interest

      47   
  

 

 

  

Earnings, as adjusted

    $ 8,342   
  

 

 

  

Fixed Charges:

   

Interest expense (1)

    $ 1,332   

Portion of rent expense representing interest

      250   

Capitalized interest

      51   
  

 

 

  

Fixed charges

    $ 1,633   
  

 

 

  

Ratio of earnings to fixed charges

      5.11   
  

 

 

  

 

(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.