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) | ||||||||||||||||||||||
2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||
Earnings: | ||||||||||||||||||||||
Income from continuing operations before income taxes | $ | 16,422 | $ | 16,621 | $ | 19,812 | $ | 20,692 | $ | 10,355 | $ | 28,050 | $ | 10,496 | ||||||||
Equity in net loss (income) of affiliates included above | 148 | (57) | (98) | (79) | (175) | (642) | (752) | |||||||||||||||
Fixed charges | 6,235 | 5,465 | 7,296 | 6,592 | 5,295 | 5,452 | 4,876 | |||||||||||||||
Distributed income of equity affiliates | 22 | 35 | 61 | 30 | 148 | 318 | 137 | |||||||||||||||
Interest capitalized | (718) | (669) | (892) | (797) | (234) | (284) | (263) | |||||||||||||||
Earnings, as adjusted | $ | 22,109 | $ | 21,395 | $ | 26,179 | $ | 26,438 | $ | 15,389 | $ | 32,894 | $ | 14,494 | ||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense | $ | 4,374 | $ | 3,689 | $ | 4,910 | $ | 4,120 | $ | 3,613 | $ | 3,940 | $ | 3,444 | ||||||||
Interest capitalized | 718 | 669 | 892 | 797 | 234 | 284 | 263 | |||||||||||||||
Portion of rental expense representative of interest factor | 1,143 | 1,107 | 1,494 | 1,675 | 1,448 | 1,228 | 1,169 | |||||||||||||||
Fixed Charges | $ | 6,235 | $ | 5,465 | $ | 7,296 | $ | 6,592 | $ | 5,295 | $ | 5,452 | $ | 4,876 | ||||||||
Ratio of Earnings to Fixed Charges | 3.55 | 3.91 | 3.59 | 4.01 | 2.91 | 6.03 | 2.97 |
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10-Q Filing
AT&T (T) 10-Q2017 Q3 Quarterly report
Filed: 3 Nov 17, 12:00am