EX-12 2 a11-13954_1ex12.htm EX-12

Exhibit 12

 

STATEMENTS RE COMPUTATION OF RATIOS

 

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

LEVEL 3 COMMUNICATIONS, INC.

(unaudited)

 

 

 

Six Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended June 30,

 

Fiscal Year Ended

 

(In millions)

 

2011

 

2010

 

2010

 

2009

 

2008

 

2007

 

2006

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss from Continuing Operations Before Taxes

 

$

(356

)

$

(406

)

$

(713

)

$

(617

)

$

(312

)

$

(1,168

)

$

(810

)

Interest on Debt, Net of Capitalized Interest

 

317

 

294

 

586

 

595

 

570

 

609

 

670

 

Amortization of Capitalized Interest

 

—

 

—

 

—

 

—

 

48

 

68

 

68

 

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

 

35

 

34

 

69

 

68

 

68

 

63

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Losses) Earnings Available for Fixed Charges

 

$

(4

)

$

(78

)

$

(58

)

$

46

 

$

374

 

$

(428

)

$

(28

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on Debt

 

$

317

 

$

294

 

$

586

 

$

595

 

$

570

 

$

609

 

$

670

 

Preferred Dividends

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

Interest Expense Portion of Rental Expense

 

35

 

34

 

69

 

68

 

68

 

63

 

44

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Fixed Charges

 

$

352

 

$

328

 

$

655

 

$

663

 

$

638

 

$

672

 

$

714

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

—

 

—

 

—

 

—

 

—

 

—

 

—

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency

 

$

(356

)

$

(406

)

$

(713

)

$

(617

)

$

(264

)

$

(1,100

)

$

(742

)