Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ViacomCBS Inc. | cbs_10q-093017.htm |
| EX-32.B - EXHIBIT 32.B - ViacomCBS Inc. | cbs_ex32b-093017.htm |
| EX-32.A - EXHIBIT 32.A - ViacomCBS Inc. | cbs_ex32a-093017.htm |
| EX-31.B - EXHIBIT 31.B - ViacomCBS Inc. | cbs_ex31b-093017.htm |
| EX-31.A - EXHIBIT 31.A - ViacomCBS Inc. | cbs_ex31a-093017.htm |
| EX-10.D - EXHIBIT 10.D - ViacomCBS Inc. | cbs_ex10d-093017.htm |
| EX-10.C - EXHIBIT 10.C - ViacomCBS Inc. | cbs_ex10c-093017.htm |
| EX-10.B - EXHIBIT 10.B - ViacomCBS Inc. | cbs_ex10b-093017.htm |
| EX-10.A - EXHIBIT 10.A - ViacomCBS Inc. | cbs_ex10a-093017.htm |
Exhibit 12
CBS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Tabular dollars in millions, except ratios)
Nine Months Ended | Twelve Months Ended | ||||||||||||||||||||||
September 30, | December 31, | ||||||||||||||||||||||
2017 | 2016 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||
Earnings from continuing operations before income taxes and equity in loss of investee companies | $ | 1,793 | $ | 1,848 | $ | 2,230 | $ | 2,264 | $ | 1,858 | $ | 2,303 | $ | 1,994 | |||||||||
Add: | |||||||||||||||||||||||
Distributions from investee companies | — | 5 | 3 | 3 | 9 | 8 | 11 | ||||||||||||||||
Interest expense, net of capitalized interest | 336 | 304 | 411 | 392 | 363 | 375 | 401 | ||||||||||||||||
1/3 of rental expense | 44 | 42 | 56 | 58 | 57 | 55 | 55 | ||||||||||||||||
Total earnings from continuing operations | $ | 2,173 | $ | 2,199 | $ | 2,700 | $ | 2,717 | $ | 2,287 | $ | 2,741 | $ | 2,461 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 336 | $ | 304 | $ | 411 | $ | 392 | $ | 363 | $ | 375 | $ | 401 | |||||||||
1/3 of rental expense | 44 | 42 | 56 | 58 | 57 | 55 | 55 | ||||||||||||||||
Total fixed charges | $ | 380 | $ | 346 | $ | 467 | $ | 450 | $ | 420 | $ | 430 | $ | 456 | |||||||||
Ratio of earnings to fixed charges | 5.7 | x | 6.4 | x | 5.8 | x | 6.0 | x | 5.4 | x | 6.4 | x | 5.4 | x | |||||||||