EX-12 5 g94412exv12.txt EX-12 STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 COX RADIO, INC. RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED DECEMBER 31, ------------------------------------------------------------------ 2000 2001 2002 2003 2004 ---------- ---------- ---------- ---------- ---------- (Dollars in thousands) EARNINGS AVAILABLE FOR FIXED CHARGES: Income before income taxes & cumulative effect of accounting change $ 534,484 $ 20,171 $ 98,173 $ 105,046 $ 112,902 Fixed charges 39,876 52,046 43,126 36,676 33,868 ========== ========== ========== ========== ========== Total $ 574,360 $ 72,217 $ 141,299 $ 141,722 $ 146,770 ========== ========== ========== ========== ========== FIXED CHARGES: Interest expense $ 37,012 $ 49,008 $ 39,682 $ 33,575 $ 30,393 Interest component of rent expense 2,864 3,038 3,444 3,101 3,475 ========== ========== ========== ========== ========== Total $ 39,876 $ 52,046 $ 43,126 $ 36,676 $ 33,868 ========== ========== ========== ========== ========== RATIO OF EARNINGS TO FIXED CHARGES 14.40 1.39 3.28 3.86 4.33 ========== ========== ========== ========== ==========