Frontier Communications Corporation
Statements of the Ratio of Earnings to Fixed Charges
and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
($ in Millions)
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| Years Ended December 31, |
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| 2015 |
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| 2014 |
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| 2013 |
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| 2012 |
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| 2011 |
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Pre-tax income(loss) from continuing operations | $ | (361) |
| $ | 163 |
| $ | 163 |
| $ | 229 |
| $ | 246 |
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(Income) or loss from equity investees |
| - |
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| - |
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| - |
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| - |
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| 1 |
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Pre-tax income (loss) from continuing operations before |
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(income) or loss from equity investees |
| (361) |
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| 163 |
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| 163 |
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| 229 |
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| 247 |
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Fixed charges |
| 1,156 |
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| 732 |
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| 698 |
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| 717 |
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| 697 |
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Interest capitalized |
| (4) |
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| (3) |
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| (3) |
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| (2) |
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| (8) |
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Income attributable to the noncontrolling interest |
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in a partnership |
| - |
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| - |
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| (2) |
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| (17) |
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| (8) |
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Total earnings | $ | 791 |
| $ | 892 |
| $ | 856 |
| $ | 927 |
| $ | 928 |
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Fixed charges |
| 1,156 |
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| 732 |
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| 698 |
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| 717 |
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| 697 |
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Dividends declared on preferred stock |
| 120 |
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| - |
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| - |
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| - |
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| - |
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Combined fixed charges and preferred stock dividends |
| 1,276 |
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| 732 |
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| 698 |
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| 717 |
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| 697 |
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Excess (deficiency) in earnings required to cover fixed charges | $ | (365) |
| $ | 160 |
| $ | 158 |
| $ | 210 |
| $ | 231 |
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Ratio of earnings to fixed charges |
| 0.68 |
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| 1.22 |
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| 1.23 |
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| 1.29 |
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| 1.33 |
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Excess (deficiency) in earnings required to cover combined |
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fixed charges and preferred stock dividends | $ | (485) |
| $ | 160 |
| $ | 158 |
| $ | 210 |
| $ | 231 | �� |
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Ratio of earnings to combined fixed charges |
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and preferred stock dividends |
| 0.62 |
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| 1.22 |
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| 1.23 |
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| 1.29 |
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| 1.33 |
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NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges. |
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