VZC Verizon Comms

RNS Number:3031G
Verizon Communications
16 January 2003


                                UNITED STATES 

                     SECURITIES AND EXCHANGE COMMISSION 

                           WASHINGTON, D.C. 20549 

                                  FORM 8-K 

                               CURRENT REPORT 


     Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 


                      Date of Report: January 16, 2003 
                      (Date of earliest event reported) 




                         VERIZON COMMUNICATIONS INC. 
           (Exact name of registrant as specified in its charter) 




                   Delaware                                    1-8606                                23-2259884
(State or other jurisdiction of incorporation)         (Commission File Number)         (I.R.S. Employer Identification 
                                                                                                        No.)



1095 Avenue of the Americas,
New York, New York                                                                                10036
(Address of principal executive offices)                                                        (Zip Code)

 

Registrant's telephone number, including area code: (212) 395-2121 



Not applicable 
(Former name or former address, if changed since last report) 




--------------------------------------------------------------------------------
  
Item 7. Financial Statements and Exhibits. 

(c) Exhibits. 

12 Computation of Ratio of Earnings to Fixed Charges 


                                   SIGNATURE 

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized. 



                                                 Verizon Communications Inc.
                                            ------------------------------------
                                                       (Registrant)

Date:     January 16, 2003                          /s/ John F. Killian
      ------------------------              ------------------------------------
                                                      John F. Killian
                                            Senior Vice President and Controller

--------------------------------------------------------------------------------

                                 EXHIBIT INDEX 

Exhibit
Number       Description
-------      -----------
12           Computation of Ratio of Earnings to Fixed Charges

--------------------------------------------------------------------------------
  
                                    EXHIBIT 12 
           
                 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES 
                    VERIZON COMMUNICATIONS INC. AND SUBSIDIARIES 


(Dollars in Millions)                                          NINE MONTHS ENDED
                                                              SEPTEMBER 30, 2002
                                                              ------------------
Income before provision for income taxes, extraordinary item 
and cumulative effect of accounting change                    $            4,520
Minority interest                                                            928
Loss from unconsolidated businesses(1)                                     1,442
Dividends from unconsolidated businesses                                     170
Interest expense                                                           2,415
Portion of rent expense representing interest                                312
Amortization of capitalized interest                                          64
                                                              ------------------
Income, as adjusted                                           $            9,851
                                                              ==================

Fixed charges:
Interest expense                                              $            2,415
Portion of rent expense representing interest                                312
Capitalized interest                                                         148
Preferred stock dividend requirement                                           9
                                                              ------------------
Fixed charges                                                 $            2,884
                                                              ==================

Ratio of earnings to fixed charges                                          3.42
                                                              ==================

 
(1) Excludes net losses related to cost method investments of $2,984 million in
the nine months ended September 30, 2002, which reduces income before provision
for income taxes, extraordinary item and cumulative effect of accounting change.

                      This information is provided by RNS
            The company news service from the London Stock Exchange
END
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