EX-12 2 ctq-20151231ex12.htm EXHIBIT 12
Exhibit 12
QWEST CORPORATION
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(UNAUDITED)

|  | Successor |  |  | Predecessor
|  | Years Ended December 31, |  | Nine Months Ended December 31, |  |  | Three Months Ended March 31,
|  | 2015 |  | 2014 |  | 2013 |  | 2012 |  | 2011 |  |  | 2011
|  | (Dollars in millions)
Income before income tax expense |  | $ | 1,733 |  |  | 1,609 |  |  | 1,566 |  |  | 1,391 |  |  | 892 |  |  |  | 490 |
Add: estimated fixed charges |  | 568 |  |  | 546 |  |  | 557 |  |  | 513 |  |  | 342 |  |  |  | 171 |
Add: estimated amortization of capitalized interest |  | 8 |  |  | 8 |  |  | 8 |  |  | 9 |  |  | 7 |  |  |  | 2 |
Less: interest capitalized |  | (18 | ) |  | (17 | ) |  | (17 | ) |  | (18 | ) |  | (5 | ) |  |  | (3 | )
Total earnings available for fixed charges |  | $ | 2,291 |  |  | 2,146 |  |  | 2,114 |  |  | 1,896 |  |  | 1,236 |  |  |  | 660 |
Estimate of interest factor on rentals |  | $ | 24 |  |  | 25 |  |  | 26 |  |  | 28 |  |  | 38 |  |  |  | 18 |
Interest expense, including amortization of premiums, discounts and debt issuance costs |  | 526 |  |  | 504 |  |  | 514 |  |  | 467 |  |  | 299 |  |  |  | 150 |
Interest capitalized |  | 18 |  |  | 17 |  |  | 17 |  |  | 18 |  |  | 5 |  |  |  | 3 |
Total fixed charges |  | $ | 568 |  |  | 546 |  |  | 557 |  |  | 513 |  |  | 342 |  |  |  | 171 |
Ratio of earnings to fixed charges |  | 4.0 |  |  | 3.9 |  |  | 3.8 |  |  | 3.7 |  |  | 3.6 |  |  |  | 3.9 |