Attached files
file | filename |
---|---|
10-Q - 10-Q - ViacomCBS Inc. | cbs_10q-063018.htm |
EX-32.B - EXHIBIT 32.B - ViacomCBS Inc. | cbs_ex32b-063018.htm |
EX-32.A - EXHIBIT 32.A - ViacomCBS Inc. | cbs_ex32a-063018.htm |
EX-31.B - EXHIBIT 31.B - ViacomCBS Inc. | cbs_ex31b-063018.htm |
EX-31.A - EXHIBIT 31.A - ViacomCBS Inc. | cbs_ex31a-063018.htm |
EX-3.B - EXHIBIT 3.B - ViacomCBS Inc. | cbs_ex3b-063018.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, | ||||||||||||||||||||||
2018 | 2017 | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||||
Earnings from continuing operations before income taxes and equity in loss of investee companies | $ | 1,193 | $ | 1,187 | $ | 1,979 | $ | 2,230 | $ | 2,264 | $ | 1,858 | $ | 2,303 | |||||||||
Add: | |||||||||||||||||||||||
Distributions from investee companies | — | — | 1 | 3 | 3 | 9 | 8 | ||||||||||||||||
Interest expense, net of capitalized interest | 234 | 220 | 457 | 411 | 392 | 363 | 375 | ||||||||||||||||
1/3 of rental expense | 34 | 28 | 60 | 56 | 58 | 57 | 55 | ||||||||||||||||
Total earnings from continuing operations | $ | 1,461 | $ | 1,435 | $ | 2,497 | $ | 2,700 | $ | 2,717 | $ | 2,287 | $ | 2,741 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 234 | $ | 220 | $ | 457 | $ | 411 | $ | 392 | $ | 363 | $ | 375 | |||||||||
1/3 of rental expense | 34 | 28 | 60 | 56 | 58 | 57 | 55 | ||||||||||||||||
Total fixed charges | $ | 268 | $ | 248 | $ | 517 | $ | 467 | $ | 450 | $ | 420 | $ | 430 | |||||||||
Ratio of earnings to fixed charges | 5.5 | x | 5.8 | x | 4.8 | x | 5.8 | x | 6.0 | x | 5.4 | x | 6.4 | x |