EX-12 5 d427004dex12.htm EX-12 EX-12

EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

 

(dollars in millions)   

Six Months Ended

June 30, 2017

  

Earnings:

   

Income before provision for income taxes

    $ 12,149  

Equity in losses of unconsolidated businesses

      49  

Dividends from unconsolidated businesses

      18  

Interest expense (1)

      2,350  

Portion of rent expense representing interest

      605  

Amortization of capitalized interest

      97  
  

 

 

  

Earnings, as adjusted

    $ 15,268  
  

 

 

  

Fixed Charges:

   

Interest expense (1)

    $ 2,350  

Portion of rent expense representing interest

      605  

Capitalized interest

      342  
  

 

 

  

Fixed charges

    $ 3,297  
  

 

 

  

Ratio of earnings to fixed charges

      4.63  
  

 

 

  

 

(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.