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EXHIBIT 12.2
WORLDCOM, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
(in millions)
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For the
nine months
ended
Year ended December 31, September 30,
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1995 1996 1997 1998 1999 2000
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<S> <C> <C> <C> <C> <C> <C>
Earnings:
Pretax income (loss)
from continuing
operations............. $ 376 $(2,272) $ 578 $(1,590) $ 7,164 $ 6,355
Fixed charges, net of
capitalized interest... 285 315 500 774 1,098 822
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Earnings.............. $ 661 $(1,957) $ 1,078 $ (816) $ 8,262 $ 7,177
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Fixed Charges:
Interest cost........... $ 270 $ 308 $ 538 $ 928 $ 1,287 $ 1,064
Amortization of
financing costs........ 4 4 2 12 18 18
Interest factor of rent
expense................ 16 19 47 78 132 123
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Fixed charges......... $ 290 $ 331 $ 587 $ 1,018 $ 1,437 $ 1,205
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Deficiency of earnings
to fixed charges....... $ -- $(2,288) $ -- $(1,834) $ -- $ --
Ratio of earnings to
fixed charges (1)...... 2.28:1 -- 1.84:1 -- 5.75:1 5.96:1
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(1) For the purpose of computing the ratio of earnings to fixed charges,
earnings consist of pre-tax income (loss) from continuing operations,
excluding minority interests in gains/losses of consolidated subsidiaries,
and fixed charges consist of pre-tax interest (including capitalized
interest) on all indebtedness, amortization of debt discount and expense,
and that portion of rental expense that WorldCom believes to be
representative of interest.
