Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Lumen Technologies, Inc. | ctl2017033110qex32.htm |
| EX-31.2 - EXHIBIT 31.2 - Lumen Technologies, Inc. | ctl2017033110qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Lumen Technologies, Inc. | ctl2017033110qex311.htm |
| 10-Q - 10-Q - Lumen Technologies, Inc. | ctl2017033110q.htm |
Exhibit 12
CENTURYLINK, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Three Months Ended March 31, | Years Ended December 31, | ||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||
(Dollars in millions) | |||||||||||||||||||
Income before income taxes and cumulative effect of change in accounting principle | $ | 307 | 1,020 | 1,316 | 1,110 | 224 | 1,250 | ||||||||||||
Less: income from equity investee | (7 | ) | (27 | ) | (25 | ) | (22 | ) | (24 | ) | (15 | ) | |||||||
Add: estimated fixed charges | 381 | 1,529 | 1,516 | 1,502 | 1,486 | 1,504 | |||||||||||||
Add: estimated amortization of capitalized interest | 5 | 21 | 19 | 17 | 16 | 15 | |||||||||||||
Add: distributed income of equity investee | 5 | 26 | 19 | 22 | 14 | 12 | |||||||||||||
Less: interest capitalized | (20 | ) | (54 | ) | (52 | ) | (47 | ) | (41 | ) | (43 | ) | |||||||
Total earnings available for fixed charges | $ | 671 | 2,515 | 2,793 | 2,582 | 1,675 | 2,723 | ||||||||||||
Estimate of interest factor on rentals | $ | 43 | 157 | 152 | 144 | 147 | 142 | ||||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 318 | 1,318 | 1,312 | 1,311 | 1,298 | 1,319 | |||||||||||||
Interest capitalized | 20 | 54 | 52 | 47 | 41 | 43 | |||||||||||||
Total fixed charges | $ | 381 | 1,529 | 1,516 | 1,502 | 1,486 | 1,504 | ||||||||||||
Ratio of earnings to fixed charges | 1.76 | 1.64 | 1.84 | 1.72 | 1.13 | 1.81 | |||||||||||||