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Previous: TELECOMUNICACIONES DE PUERTO RICO INC, 10-Q, EX-10.22, 2000-08-11 |
Next: TELECOMUNICACIONES DE PUERTO RICO INC, 10-Q, EX-27, 2000-08-11 |
<PAGE> 1
EXHIBIT 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
SIX MONTHS THREE MONTHS
ENDED ENDED
JUNE 30, JUNE 30,
2000 2000
--------------- ---------------
(DOLLARS IN MILLIONS)
<S> <C> <C>
Net earnings available for fixed charges:
Net income before extraordinary charge $ 60.9 $ 35.9
Add: Income taxes 39.8 23.4
Equity income in joint venture (1.0) (1.0)
Fixed charges 41.0 20.4
--------------- ---------------
Adjusted earnings $ 140.7 $ 78.7
=============== ===============
Fixed charges $ 41.0 $ 20.4
=============== ===============
RATIO OF EARNINGS TO FIXED CHARGES 3.4 3.9
=============== ===============
</TABLE>
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