TWENTY-FIRST CENTURY FOX, INC. - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - August 6, 2010

Attached files

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EX-21 - LIST OF SUBSIDIARIES - TWENTY-FIRST CENTURY FOX, INC.dex21.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - TWENTY-FIRST CENTURY FOX, INC.dex231.htm
EX-31.1 - CHAIRMAN AND CEO CERTIFICATION REQUIRED BY RULES 13A-14 AND 15D-14 - TWENTY-FIRST CENTURY FOX, INC.dex311.htm
EX-31.2 - CHIEF FINANCIAL OFFICER CERTIFICATION REQUIRED BY RULES 13A-14 AND 15D-14 - TWENTY-FIRST CENTURY FOX, INC.dex312.htm
EX-32.1 - CERTIFICATION OF CHAIRMAN AND CEO AND CFO PURSUANT TO 18 U.S.C. SECTION 1350 - TWENTY-FIRST CENTURY FOX, INC.dex321.htm
10-K - FORM 10-K - TWENTY-FIRST CENTURY FOX, INC.d10k.htm
EX-3.2 - AMENDED AND RESTATED BY-LAWS OF NEWS CORPORATION - TWENTY-FIRST CENTURY FOX, INC.dex32.htm

Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

     Fiscal years ended June 30,  
     2010     2009     2008     2007     2006  

Earnings:

           

Income (loss) before income tax expense (benefits)

    $ 3,323      $ (5,539 )    $ 7,321      $ 5,306      $ 4,405   

Add:

           

Equity (earnings) losses from affiliates

      (448 )      309        (327 )      (1,019 )      (888 ) 

Dividends received from affiliates

      317        298        342        252        178   

Fixed Charges, excluding capitalized interest

      1,214        1,152        1,081        1,016        910   

Amortization of capitalized interest

      73        50        33        34        44   
                                        

Total earnings (losses) available for fixed charges

    $ 4,479      $ (3,730 )    $ 8,450      $ 5,589      $ 4,649   
                                        

Fixed charges:

           

Interest on debt and finance lease charges

    $ 991      $ 927      $ 882      $ 843      $ 792   

Capitalized interest

      44        55        44        24        28   

Interest element on rental expense

      223        225        199        173        118   
                                        

Total fixed charges

    $ 1,258      $ 1,207      $ 1,125      $ 1,040      $ 938   
                                        

Ratio of earnings to fixed charges

      3.6        **        7.5        5.4        5.0   
                                        

 

** Earnings did not cover fixed charges by $4.9 billion during the fiscal year ended June 30, 2009 due to non-cash impairment charges of $8.9 billion ($7.2 billion net of tax).

TWENTY-FIRST CENTURY FOX, INC. Reports