Attached files

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EX-32 - SECTION 1350 CERTIFICATIONS - AT&T INC.ex32.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - AT&T INC.ex31_2.htm
EX-31.1 - CERTIFICATION OF PRINCIPAL EXECUTIVE OFFICER - AT&T INC.ex31_1.htm
EX-10.C - SHORT TERM INCENTIVE PLAN - AT&T INC.ex10_c.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 INC. FORM 10-Q - AT&T INC.q3_10q.htm
                                       
EXHIBIT 12
AT&T INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Dollars in Millions
 
     
Nine Months Ended
   
     
September 30,
 
Year Ended December 31,
 
(Unaudited)
     
2018
 
2017
 
2017
 
2016
 
2015
 
2014
   
2013
Earnings:
                                         
 
Income from continuing operations before income taxes
$
19,128
 
$
16,422
 
$
15,139
 
$
19,812
 
$
20,692
 
$
10,355
 
$
28,050
 
Equity in net loss (income) of affiliates included above
 
71
   
148
   
128
   
(98)
   
(79)
   
(175)
   
(642)
 
Fixed charges
 
7,480
   
6,235
   
8,854
   
7,296
   
6,592
   
5,295
   
5,452
 
Distributed income of equity affiliates
 
242
   
22
   
46
   
61
   
30
   
148
   
318
 
Interest capitalized
 
(404)
   
(718)
   
(903)
   
(892)
   
(797)
   
(234)
   
(284)
                                             
   
Earnings, as adjusted
$
26,517
 
$
22,109
 
$
23,264
 
$
26,179
 
$
26,438
 
$
15,389
 
$
32,894
                                             
Fixed Charges:
                                       
 
Interest expense
$
5,845
 
$
4,374
 
$
6,300
 
$
4,910
 
$
4,120
 
$
3,613
 
$
3,940
 
Interest capitalized
 
404
   
718
   
903
   
892
   
797
   
234
   
284
 
Portion of rental expense representative of interest factor
 
1,231
   
1,143
   
1,651
   
1,494
   
1,675
   
1,448
   
1,228
                                           
   
Fixed Charges
$
7,480
 
$
6,235
 
$
8,854
 
$
7,296
 
$
6,592
 
$
5,295
 
$
5,452
                                             
 
Ratio of Earnings to Fixed Charges
 
3.55
   
3.55
   
2.63
   
3.59
   
4.01
   
2.91
   
6.03