Attached files

file filename
EX-32.1 - EX-32.1 - TWENTY-FIRST CENTURY FOX, INC.fox-ex321_36.htm
EX-31.1 - EX-31.1 - TWENTY-FIRST CENTURY FOX, INC.fox-ex311_35.htm
EX-31.2 - EX-31.2 - TWENTY-FIRST CENTURY FOX, INC.fox-ex312_34.htm
EX-10.1 - EX-10.1 - TWENTY-FIRST CENTURY FOX, INC.fox-ex101_539.htm
10-Q - 10-Q - TWENTY-FIRST CENTURY FOX, INC.fox-10q_20171231.htm

Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

  

 

For the six months ended

December 31,

 

 

 

2017

 

 

2016

 

Earnings

 

 

 

 

 

 

 

 

Income from continuing operations before income tax benefit (expense)

 

$

1,998

 

 

$

2,622

 

Add

 

 

 

 

 

 

 

 

Equity (earnings) losses of affiliates

 

 

(27

)

 

 

6

 

Cash distributions received from affiliates

 

 

11

 

 

 

184

 

Fixed charges, excluding capitalized interest

 

 

674

 

 

 

638

 

Amortization of capitalized interest

 

 

13

 

 

 

15

 

 

 

 

 

 

 

 

 

 

Total earnings available for fixed charges

 

$

2,669

 

 

$

3,465

 

 

 

 

 

 

 

 

 

 

Fixed charges

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

 

$

625

 

 

$

599

 

Capitalized interest

 

 

14

 

 

 

9

 

Interest element on rental expense

 

 

49

 

 

 

39

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

688

 

 

$

647

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

3.9

 

 

 

5.4