Attached files
| file | filename |
|---|---|
| EX-31.1 - EXHIBIT 31.1 - Lumen Technologies, Inc. | ctl-20151231ex311.htm |
| EX-31.2 - EXHIBIT 31.2 - Lumen Technologies, Inc. | ctl-20151231ex312.htm |
| EX-32 - EXHIBIT 32 - Lumen Technologies, Inc. | ctl-20151231ex32.htm |
| EX-23 - EXHIBIT 23 - Lumen Technologies, Inc. | ctl-20151231ex23.htm |
| EX-21 - EXHIBIT 21 - Lumen Technologies, Inc. | ctl-20151231ex21.htm |
| 10-K - 10-K - Lumen Technologies, Inc. | ctl-2015123110k.htm |
Exhibit 12
CENTURYLINK, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Years Ended December 31, | ||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||
(Dollars in millions) | ||||||||||||||||
Income before income taxes and cumulative effect of change in accounting principle | $ | 1,316 | 1,110 | 224 | 1,250 | 948 | ||||||||||
Less: income from equity investee | (25 | ) | (22 | ) | (24 | ) | (15 | ) | (13 | ) | ||||||
Add: estimated fixed charges | 1,516 | 1,502 | 1,486 | 1,504 | 1,223 | |||||||||||
Add: estimated amortization of capitalized interest | 19 | 17 | 16 | 15 | 12 | |||||||||||
Add: distributed income of equity investee | 19 | 22 | 14 | 12 | 14 | |||||||||||
Less: interest capitalized | (52 | ) | (47 | ) | (41 | ) | (43 | ) | (25 | ) | ||||||
Total earnings available for fixed charges | $ | 2,793 | 2,582 | 1,675 | 2,723 | 2,159 | ||||||||||
Estimate of interest factor on rentals | $ | 152 | 144 | 147 | 142 | 126 | ||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 1,312 | 1,311 | 1,298 | 1,319 | 1,072 | |||||||||||
Interest capitalized | 52 | 47 | 41 | 43 | 25 | |||||||||||
Total fixed charges | $ | 1,516 | 1,502 | 1,486 | 1,504 | 1,223 | ||||||||||
Ratio of earnings to fixed charges | 1.84 | 1.72 | 1.13 | 1.81 | 1.77 | |||||||||||