EX-12 2 a06-15412_1ex12.htm EX-12

Exhibit 12

STATEMENTS OF COMPUTATION OF RATIOS

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS

LEVEL 3 COMMUNICATIONS, INC.

 

 

Six Months Ended

 

Fiscal Year Ended

 

 

 

6/30/2006

 

6/30/2005

 

2005

 

2004

 

2003

 

2002

 

2001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Continuing Operations Before Taxes

 

$

(366

)

$

(262

)

$

(679

)

$

(452

)

$

(754

)

$

(973

)

$

(4,351

)

(Earnings) Losses of Equity Investees

 

—

 

—

 

—

 

—

 

(3

)

(13

)

(16

)

Interest on Debt, Net of Capitalized Interest

 

320

 

253

 

530

 

485

 

567

 

560

 

646

 

Amortization of Capitalized Interest

 

34

 

34

 

68

 

68

 

68

 

68

 

68

 

Interest Expense Portion of Rental Expense

 

17

 

13

 

26

 

30

 

34

 

22

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings (Losses) Available for Fixed Charges

 

$

5

 

$

38

 

$

(55

)

$

131

 

$

(88

)

$

(336

)

$

(3,634

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Debt

 

$

320

 

$

253

 

$

530

 

$

485

 

$

567

 

$

560

 

$

703

 

Preferred Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest Expense Portion of Rental Expense

 

17

 

13

 

26

 

30

 

34

 

22

 

19

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

337

 

$

266

 

$

556

 

$

515

 

$

601

 

$

582

 

$

722

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

$

(332

)

$

(228

)

$

(611

)

$

(384

)

$

(689

)

$

(918

)

$

(4,356

)