Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - AT&T INC. | d592180d10q.htm |
| EX-32 - EX-32 - AT&T INC. | d592180dex32.htm |
| EX-31.2 - EX-31.2 - AT&T INC. | d592180dex312.htm |
| EX-31.1 - EX-31.1 - AT&T INC. | d592180dex311.htm |
| EX-10.B - EX-10.B - AT&T INC. | d592180dex10b.htm |
| EX-10.A - EX-10.A - AT&T INC. | d592180dex10a.htm |
EXHIBIT 12
AT&T INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Dollars in Millions
| Six Months Ended June 30, (Unaudited) |
Year Ended December 31, | |||||||||||||||||||||||||||
| 2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||||
| Earnings: |
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| Income from continuing operations before income taxes |
$ | 12,921 | $ | 11,448 | $ | 15,139 | $ | 19,812 | $ | 20,692 | $ | 10,355 | $ | 28,050 | ||||||||||||||
| Equity in net loss (income) of affiliates included above |
7 | 159 | 128 | (98 | ) | (79 | ) | (175 | ) | (642 | ) | |||||||||||||||||
| Fixed charges |
4,880 | 3,925 | 8,854 | 7,296 | 6,592 | 5,295 | 5,452 | |||||||||||||||||||||
| Distributed income of equity affiliates |
229 | 8 | 46 | 61 | 30 | 148 | 318 | |||||||||||||||||||||
| Interest capitalized |
(267 | ) | (473 | ) | (903 | ) | (892 | ) | (797 | ) | (234 | ) | (284 | ) | ||||||||||||||
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| Earnings, as adjusted |
$ | 17,770 | $ | 15,067 | $ | 23,264 | $ | 26,179 | $ | 26,438 | $ | 15,389 | $ | 32,894 | ||||||||||||||
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| Fixed Charges: |
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| Interest expense |
$ | 3,794 | $ | 2,688 | $ | 6,300 | $ | 4,910 | $ | 4,120 | $ | 3,613 | $ | 3,940 | ||||||||||||||
| Interest capitalized |
267 | 473 | 903 | 892 | 797 | 234 | 284 | |||||||||||||||||||||
| Portion of rental expense representative of interest factor |
819 | 764 | 1,651 | 1,494 | 1,675 | 1,448 | 1,228 | |||||||||||||||||||||
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| Fixed Charges |
$ | 4,880 | $ | 3,925 | $ | 8,854 | $ | 7,296 | $ | 6,592 | $ | 5,295 | $ | 5,452 | ||||||||||||||
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| Ratio of Earnings to Fixed Charges |
3.64 | 3.84 | 2.63 | 3.59 | 4.01 | 2.91 | 6.03 | |||||||||||||||||||||