|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exhibit 12 |
|
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) | |||||||||||||||
| |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
| Years Ended December 31, |
| ||||||||||||
| 2016 |
| 2015 |
|
| 2014 |
|
| 2013 |
|
| 2012 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Pre-tax income(loss) from continuing operations | $ | (623) |
| $ | (361) |
| $ | 163 |
| $ | 163 |
| $ | 229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges |
| 1,588 |
|
| 1,156 |
|
| 732 |
|
| 698 |
|
| 717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest capitalized |
| (11) |
|
| (4) |
|
| (3) |
|
| (3) |
|
| (2) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income attributable to the noncontrolling interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
in a partnership |
| - |
|
| - |
|
| - |
|
| (2) |
|
| (17) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total earnings | $ | 954 |
| $ | 791 |
| $ | 892 |
| $ | 856 |
| $ | 927 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed charges |
| 1,588 |
|
| 1,156 |
|
| 732 |
|
| 698 |
|
| 717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends declared on preferred stock |
| 214 |
|
| 120 |
|
| - |
|
| - |
|
| - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Combined fixed charges and preferred stock dividends |
| 1,802 |
|
| 1,276 |
|
| 732 |
|
| 698 |
|
| 717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Excess (deficiency) in earnings required to cover fixed charges | $ | (634) |
| $ | (365) |
| $ | 160 |
| $ | 158 |
| $ | 210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to fixed charges |
| 0.60 |
|
| 0.68 |
|
| 1.22 |
|
| 1.23 |
|
| 1.29 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Excess (deficiency) in earnings required to cover combined |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
fixed charges and preferred stock dividends | $ | (848) |
| $ | (485) |
| $ | 160 |
| $ | 158 |
| $ | 210 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of earnings to combined fixed charges |
| 0.53 |
|
| 0.62 |
|
| 1.22 |
|
| 1.23 |
|
| 1.29 |
|
and preferred stock dividends |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||
NOTE: The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges. |
|
|
|
|