Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Lumen Technologies, Inc. | ctl2018063010qex32.htm |
| EX-31.2 - EXHIBIT 31.2 - Lumen Technologies, Inc. | ctl2018063010qex312.htm |
| EX-31.1 - EXHIBIT 31.1 - Lumen Technologies, Inc. | ctl2018063010qex311.htm |
| EX-10.1F - EXHIBIT 10.1F - Lumen Technologies, Inc. | ctl2018063010qex101f.htm |
| EX-10.1D - EXHIBIT 10.1D - Lumen Technologies, Inc. | ctl2018063010qex101d.htm |
| EX-10.1C - EXHIBIT 10.1C - Lumen Technologies, Inc. | ctl2018063010qex101c.htm |
| EX-10.1B - EXHIBIT 10.1B - Lumen Technologies, Inc. | ctl2018063010qex101b.htm |
| EX-10.1A - EXHIBIT 10.1A - Lumen Technologies, Inc. | ctl2018063010qex101a.htm |
| EX-10.1E - EXHIBIT 10.1E - Lumen Technologies, Inc. | ctl2018063010qex101e.htm |
| 10-Q - 10-Q - Lumen Technologies, Inc. | ctl2018063010q.htm |
Exhibit 12
CENTURYLINK, INC.
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)
Six Months Ended June 30, | Years Ended December 31, | ||||||||||||||||||
2018 | 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||
(Dollars in millions) | |||||||||||||||||||
Income before income taxes and cumulative effect of change in accounting principle | $ | 473 | 540 | 1,020 | 1,316 | 1,110 | 224 | ||||||||||||
Less: income from equity investee | (13 | ) | (27 | ) | (27 | ) | (25 | ) | (22 | ) | (24 | ) | |||||||
Add: estimated fixed charges | 1,257 | 1,738 | 1,529 | 1,516 | 1,502 | 1,486 | |||||||||||||
Add: estimated amortization of capitalized interest | 13 | 23 | 21 | 19 | 17 | 16 | |||||||||||||
Add: distributed income of equity investee | 11 | 25 | 26 | 19 | 22 | 14 | |||||||||||||
Less: interest capitalized | (28 | ) | (78 | ) | (54 | ) | (52 | ) | (47 | ) | (41 | ) | |||||||
Total earnings available for fixed charges | $ | 1,713 | 2,221 | 2,515 | 2,793 | 2,582 | 1,675 | ||||||||||||
Estimate of interest factor on rentals | $ | 148 | 179 | 157 | 152 | 144 | 147 | ||||||||||||
Interest expense, including amortization of premiums, discounts and debt issuance costs | 1,081 | 1,481 | 1,318 | 1,312 | 1,311 | 1,298 | |||||||||||||
Interest capitalized | 28 | 78 | 54 | 52 | 47 | 41 | |||||||||||||
Total fixed charges | $ | 1,257 | 1,738 | 1,529 | 1,516 | 1,502 | 1,486 | ||||||||||||
Ratio of earnings to fixed charges | 1.36 | 1.28 | 1.64 | 1.84 | 1.72 | 1.13 | |||||||||||||