EXHIBIT 12
Computation of Ratio of Earnings to Fixed Charges
Verizon Communications Inc. and Subsidiaries
| (dollars in millions) | Three Months Ended March 31, 2013 |
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| Earnings: |
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| Income before provision for income taxes |
$ | 5,719 | ||
| Equity in earnings of unconsolidated businesses |
5 | |||
| Dividends from unconsolidated businesses |
9 | |||
| Interest expense (1) |
537 | |||
| Portion of rent expense representing interest |
210 | |||
| Amortization of capitalized interest |
43 | |||
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| Earnings, as adjusted |
$ | 6,523 | ||
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| Fixed Charges: |
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| Interest expense (1) |
$ | 537 | ||
| Portion of rent expense representing interest |
210 | |||
| Capitalized interest |
177 | |||
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| Fixed Charges |
$ | 924 | ||
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| Ratio of earnings to fixed charges |
7.06 | |||
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(1) We classify interest expense recognized on uncertain tax positions as income tax expense and therefore such interest expense is not included in the Ratio of Earnings to Fixed Charges.