Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - CELLCO PARTNERSHIP | d10k.htm |
| EX-21 - SUBSIDIARIES - CELLCO PARTNERSHIP | dex21.htm |
| EX-31.2 - CERTIFICATION - CELLCO PARTNERSHIP | dex312.htm |
| EX-32.1 - CERTIFICATION - CELLCO PARTNERSHIP | dex321.htm |
| EX-32.2 - CERTIFICATION - CELLCO PARTNERSHIP | dex322.htm |
| EX-31.1 - CERTIFICATION - CELLCO PARTNERSHIP | dex311.htm |
| EX-10.48 - EMPLOYMENT AGREEMENT - CELLCO PARTNERSHIP | dex1048.htm |
| EX-10.49 - AMENDMENT TO PROMISSARY NOTE - CELLCO PARTNERSHIP | dex1049.htm |
Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
Cellco Partnership (d/b/a Verizon Wireless)
| (dollars in millions, except ratio data) | Twelve Months Ended December 31, 2009 |
|||
| Earnings: |
||||
| Pretax income from continuing operations |
$ | 15,481 | ||
| Equity in income from unconsolidated entities |
(68 | ) | ||
| Noncontrolling interests |
(286 | ) | ||
| Interest expense(1) |
1,141 | |||
| Portion of rent expense representing interest |
551 | |||
| Amortization of capitalized interest |
70 | |||
| Distributions from unconsolidated entities |
67 | |||
| Earnings, as adjusted |
$ | 16,956 | ||
| Fixed Charges: |
||||
| Interest expense(1) |
$ | 1,141 | ||
| Capitalized interest |
356 | |||
| Preferred return requirement of a consolidated subsidiary |
– | |||
| Portion of rent expense representing interest |
551 | |||
| Fixed charges |
$ | 2,048 | ||
| Ratio of earnings to fixed charges |
8.28 | |||
| (1) | As permitted, under the accounting standard relating to the accounting for uncertainty in income taxes (see Notes 1 and 9 of the consolidated financial statements), 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. |