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EXHIBIT (12)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) Sprint Corporation
Quarters Ended Year-to-Date
June 30, June 30,
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2000 1999 2000 1999
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(millions)
Earnings
Loss from continuing operations
<S> <C> <C> <C> <C>
before income taxes $ (95) $ (136) $ (165) $ (384)
Capitalized interest (49) (27) (83) (58)
Equity in net losses of less
than 50% owned entities 44 14 76 27
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Subtotal (100) (149) (172) (415)
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Fixed charges
Interest charges 279 235 567 457
Interest factor of operating rents 79 70 159 140
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Total fixed charges 358 305 726 597
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Earnings, as adjusted $ 258 $ 156 $ 554 $ 182
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Earnings, as adjusted, were inadequate to cover fixed charges by $100 million in
the 2000 second quarter, $172 million for the 2000 year-to-date period, $149
million in the 1999 second quarter and $415 million for the 1999 year-to-date
period.
Note: Earnings include loss from continuing operations before taxes, plus
equity in the net losses of less-than-50% owned entities, less
capitalized interest. Fixed charges include interest on all debt of
continuing operations, including amortization of debt issuance costs
and the interest component of operating rents.
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