Attached files

file filename
EX-32.1 - EX-32.1 - Frontier Communications Parent, Inc.ftr-20151231xex321.htm
EX-10.32 - EX-10.32 - Frontier Communications Parent, Inc.ftr-20151231ex103288c5c.htm
EX-23.1 - EX-23.1 - Frontier Communications Parent, Inc.ftr-20151231xex231.htm
EX-31.2 - EX-31.2 - Frontier Communications Parent, Inc.ftr-20151231xex312.htm
EX-21.1 - EX-21.1 - Frontier Communications Parent, Inc.ftr-20151231xex211.htm
10-K - 10-K - Frontier Communications Parent, Inc.ftr-20151231x10k.htm
EX-31.1 - EX-31.1 - Frontier Communications Parent, Inc.ftr-20151231xex311.htm

Exhibit 12.1

Frontier Communications Corporation

Statements of the Ratio of Earnings to Fixed Charges

and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

($ in Millions)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Years Ended December 31,

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income(loss) from continuing operations

$

(361)

 

$

163 

 

$

163 

 

$

229 

 

$

246 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(Income) or loss from equity investees

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pre-tax income (loss) from continuing operations before

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(income) or loss from equity investees

 

(361)

 

 

163 

 

 

163 

 

 

229 

 

 

247 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

1,156 

 

 

732 

 

 

698 

 

 

717 

 

 

697 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(4)

 

 

(3)

 

 

(3)

 

 

(2)

 

 

(8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income attributable to the noncontrolling interest

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

in a partnership

 

 -

 

 

 -

 

 

(2)

 

 

(17)

 

 

(8)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings

$

791 

 

$

892 

 

$

856 

 

$

927 

 

$

928 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

1,156 

 

 

732 

 

 

698 

 

 

717 

 

 

697 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Dividends declared on preferred stock

 

120 

 

 

 -

 

 

 -

 

 

 -

 

 

 -

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Combined fixed charges and preferred stock dividends

 

1,276 

 

 

732 

 

 

698 

 

 

717 

 

 

697 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to cover fixed charges

$

(365)

 

$

160 

 

$

158 

 

$

210 

 

$

231 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

0.68 

 

 

1.22 

 

 

1.23 

 

 

1.29 

 

 

1.33 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Excess (deficiency) in earnings required to cover combined

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

fixed charges and preferred stock dividends

$

(485)

 

$

160 

 

$

158 

 

$

210 

 

$

231 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to combined fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

and preferred stock dividends

 

0.62 

 

 

1.22 

 

 

1.23 

 

 

1.29 

 

 

1.33 

 

 

 

 

 

 

 

 

 

 

NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.