Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ViacomCBS Inc. | cbs_10q-063015.htm |
| EX-32.(A) - EXHIBIT 32.(A) - ViacomCBS Inc. | cbs_ex32a-063015.htm |
| EX-31.(B) - EXHIBIT 31.(B) - ViacomCBS Inc. | cbs_ex31b-063015.htm |
| EX-32.(B) - EXHIBIT 32.(B) - ViacomCBS Inc. | cbs_ex32b-063015.htm |
| EX-31.(A) - EXHIBIT 31.(A) - ViacomCBS Inc. | cbs_ex31a-063015.htm |
| EX-10.(A) - EXHIBIT 10.(A) - ViacomCBS Inc. | cbs_ex10a-063015.htm |
Exhibit 12
CBS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Tabular dollars in millions, except ratios)
Six Months Ended | Twelve Months Ended | ||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||
2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||
Earnings from continuing operations before income taxes and equity in loss of investee companies | $ | 1,113 | $ | 1,351 | $ | 2,164 | $ | 2,665 | $ | 2,357 | $ | 1,983 | $ | 1,209 | |||||||||
Add: | |||||||||||||||||||||||
Distributions from investee companies | 3 | 8 | 9 | 8 | 11 | 6 | — | ||||||||||||||||
Interest expense, net of capitalized interest | 187 | 187 | 363 | 375 | 401 | 433 | 526 | ||||||||||||||||
1/3 of rental expense | 36 | 33 | 69 | 70 | 68 | 68 | 68 | ||||||||||||||||
Total earnings from continuing operations | $ | 1,339 | $ | 1,579 | $ | 2,605 | $ | 3,118 | $ | 2,837 | $ | 2,490 | $ | 1,803 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 187 | $ | 187 | $ | 363 | $ | 375 | $ | 401 | $ | 433 | $ | 526 | |||||||||
1/3 of rental expense | 36 | 33 | 69 | 70 | 68 | 68 | 68 | ||||||||||||||||
Total fixed charges | $ | 223 | $ | 220 | $ | 432 | $ | 445 | $ | 469 | $ | 501 | $ | 594 | |||||||||
Ratio of earnings to fixed charges | 6.0 | x | 7.2 | x | 6.0 | x | 7.0 | x | 6.0 | x | 5.0 | x | 3.0 | x | |||||||||