Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Lumen Technologies, Inc. | Financial_Report.xls |
| EX-31.2 - EXHIBIT 31.2 - Lumen Technologies, Inc. | ctl20140630ex312.htm |
| EX-32 - EXHIBIT 32 - Lumen Technologies, Inc. | ctl20140630ex32.htm |
| 10-Q - 10-Q - Lumen Technologies, Inc. | ctl2014063010q.htm |
| EX-31.1 - EXHIBIT 31.1 - Lumen Technologies, Inc. | ctl20140630ex311.htm |
Exhibit 12
CENTURYLINK, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months Ended June 30, | Years Ended December 31, | ||||||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||
(Dollars in millions) | |||||||||||||||||||
Income before income taxes and cumulative effect of change in accounting principle | $ | 654 | 224 | 1,250 | 948 | 1,531 | 813 | ||||||||||||
Less: income from equity investee | (11 | ) | (24 | ) | (15 | ) | (13 | ) | (16 | ) | (19 | ) | |||||||
Add: estimated fixed charges | 752 | 1,486 | 1,504 | 1,223 | 615 | 418 | |||||||||||||
Add: estimated amortization of capitalized interest | 8 | 16 | 15 | 12 | 2 | 2 | |||||||||||||
Add: distributed income of equity investee | 15 | 14 | 12 | 14 | 16 | 20 | |||||||||||||
Less: preferred dividends | — | — | — | — | — | — | |||||||||||||
Less: interest capitalized | (22 | ) | (41 | ) | (43 | ) | (25 | ) | (13 | ) | (3 | ) | |||||||
Total earnings available for fixed charges | $ | 1,396 | 1,675 | 2,723 | 2,159 | 2,135 | 1,231 | ||||||||||||
Estimate of interest factor on rentals | $ | 74 | 147 | 142 | 126 | 57 | 48 | ||||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 656 | 1,298 | 1,319 | 1,072 | 545 | 367 | |||||||||||||
Interest capitalized | 22 | 41 | 43 | 25 | 13 | 3 | |||||||||||||
Total fixed charges | $ | 752 | 1,486 | 1,504 | 1,223 | 615 | 418 | ||||||||||||
Ratio of earnings to fixed charges | 1.86 | 1.13 | 1.81 | 1.77 | 3.47 | 2.94 | |||||||||||||