Attached files
Exhibit
12
CenturyTel,
Inc.
RATIO OF
EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(UNAUDITED)
Year
ended December 31,
|
||||||||||||
2009
|
2008
|
2007
|
||||||||||
(Dollars
in thousands)
|
||||||||||||
Net
income before extraordinary item
|
$ | 511,254 | 365,732 | 418,370 | ||||||||
Income
taxes
|
301,881 | 194,357 | 200,572 | |||||||||
Pre-tax
income before extraordinary item
|
813,135 | 560,089 | 618,942 | |||||||||
Adjustments
to earnings:
|
||||||||||||
Fixed
charges
|
373,913 | 204,872 | 214,775 | |||||||||
Capitalized
interest
|
(3,480 | ) | (2,409 | ) | (1,278 | ) | ||||||
Preferred
stock dividends
|
(19 | ) | (246 | ) | (591 | ) | ||||||
Gross
earnings from unconsolidated cellular partnership
|
(19,087 | ) | (12,044 | ) | (14,578 | ) | ||||||
Distributed
earnings from unconsolidated cellular partnership
|
20,100 | 15,960 | 10,229 | |||||||||
Earnings,
as adjusted
|
$ | 1,184,562 | 766,222 | 827,499 | ||||||||
Fixed
charges:
|
||||||||||||
Interest
expense
|
$ | 370,414 | 202,217 | 212,906 | ||||||||
Interest
capitalized
|
3,480 | 2,409 | 1,278 | |||||||||
Preferred
stock dividends (pre-tax)
|
19 | 246 | 591 | |||||||||
Total
fixed charges
|
$ | 373,913 | 204,872 | 214,775 | ||||||||
Ratio
of earnings to fixed charges and preferred stock dividends
|
3.17 | 3.74 | 3.85 |