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EXHIBIT (12)
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Unaudited) Sprint Corporation
Quarters Ended Year-to-Date
September 30, September 30,
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2000 1999 2000 1999
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(millions)
Earnings
Income (Loss) from continuing
<S> <C> <C> <C> <C>
operations before income taxes $ 35 $ (274) $ (130) $ (658)
Capitalized interest (47) (35) (130) (93)
Equity in net losses of less
than 50% owned entities 121 31 197 58
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Subtotal 109 (278) (63) (693)
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Fixed charges
Interest charges 280 236 847 693
Interest factor of operating rents 83 74 242 213
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Total fixed charges 363 310 1,089 906
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Earnings, as adjusted $ 472 $ 32 $ 1,026 $ 213
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Ratio of earnings to fixed charges(1) 1.30 - - -
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Note: The ratio was completed by dividing fixed charges into the sum of earnings, after certain adjustments, and fixed charges.
Earnings include income (loss) from continuing operations before income 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.
(1)Earnings, as adjusted, were inadequate to cover fixed charges by $63 million for the 2000 year-to-date period, $278 million
in the 1999 third quarter and $693 million for the 1999 year-to-date period.
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