EX-12 2 lvltexhibit12.htm EX-12 LVLT Exhibit 12


Exhibit 12
 
STATEMENTS RE COMPUTATION OF RATIOS
 
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
LEVEL 3 COMMUNICATIONS, INC.
(unaudited)
 
 
 
Nine Months Ended
 
 
 
 
 
 
 
 
 
 
 
 
September 30,
 
Fiscal Year Ended
(In millions)
 
2011
 
2010
 
2010
 
2009
 
2008
 
2007
 
2006
Loss from Continuing Operations Before Taxes
 
$
(557
)
 
$
(568
)
 
$
(713
)
 
$
(617
)
 
$
(312
)
 
$
(1,168
)
 
$
(810
)
Interest on Debt, Net of Capitalized Interest
 
495

 
438

 
586

 
595

 
570

 
609

 
670

Amortization of Capitalized Interest
 
—

 
—

 
—

 
—

 
48

 
68

 
68

Portion of rents deemed representative of the interest factor (1/3)
 
52

 
51

 
69

 
68

 
68

 
63

 
44

(Losses) Earnings Available for Fixed Charges
 
$
(10
)
 
$
(79
)
 
$
(58
)
 
$
46

 
$
374

 
$
(428
)
 
$
(28
)
Interest on Debt
 
$
495

 
$
438

 
$
586

 
$
595

 
$
570

 
$
609

 
$
670

Preferred Dividends
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Interest Expense Portion of Rental Expense
 
52

 
51

 
69

 
68

 
68

 
63

 
44

Total Fixed Charges
 
$
547

 
$
489

 
$
655

 
$
663

 
$
638

 
$
672

 
$
714

Ratio of Earnings to Fixed Charges
 
—

 
—

 
—

 
—

 
—

 
—

 
—

Deficiency
 
$
(557
)
 
$
(568
)
 
$
(713
)
 
$
(617
)
 
$
(264
)
 
$
(1,100
)
 
$
(742
)