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EX-32 - SECTION 1350 CERTIFICATIONS - AT&T INC.ex32.htm
EX-31 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AT&T INC.ex31_2.htm
EX-31 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AT&T INC.ex31_1.htm
EX-10.B - CASH DEFERRAL PLAN - AT&T INC.ex10_b.htm
EX-10.A - STOCK PURCHASE AND DEFERRAL PLAN - AT&T INC.ex10_a.htm
10-Q - AT&T 2017 FORM 10-Q - AT&T INC.q1_10q.htm
 
                                       
EXHIBIT 12
AT&T INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Dollars in Millions
 
     
Three Months Ended
   
     
March 31,
 
Year Ended December 31,
 
(Unaudited)
     
2017
 
2016
 
2016
 
2015
 
2014
 
2013
   
2012
Earnings:
                                         
 
Income from continuing operations before income taxes
$
5,378
 
$
6,007
 
$
19,812
 
$
20,692
 
$
10,355
 
$
28,050
 
$
10,496
 
Equity in net income of affiliates included above
 
173
   
(13)
   
(98)
   
(79)
   
(175)
   
(642)
   
(752)
 
Fixed charges
 
1,906
   
1,799
   
7,296
   
6,592
   
5,295
   
5,452
   
4,876
 
Distributed income of equity affiliates
 
8
   
8
   
61
   
30
   
148
   
318
   
137
 
Interest capitalized
 
(231)
   
(218)
   
(892)
   
(797)
   
(234)
   
(284)
   
(263)
                                             
   
Earnings, as adjusted
$
7,234
 
$
7,583
 
$
26,179
 
$
26,438
 
$
15,389
 
$
32,894
 
$
14,494
                                             
Fixed Charges:
                                       
 
Interest expense
$
1,293
 
$
1,207
 
$
4,910
 
$
4,120
 
$
3,613
 
$
3,940
 
$
3,444
 
Interest capitalized
 
231
   
218
   
892
   
797
   
234
   
284
   
263
 
Portion of rental expense representative of interest factor
 
382
   
374
   
1,494
   
1,675
   
1,448
   
1,228
   
1,169
                                           
   
Fixed Charges
$
1,906
 
$
1,799
 
$
7,296
 
$
6,592
 
$
5,295
 
$
5,452
 
$
4,876
                                             
 
Ratio of Earnings to Fixed Charges
 
3.80
   
4.22
   
3.59
   
4.01
   
2.91
   
6.03
   
2.97