EX-12.1 3 exhibit12_1.htm EXHIBIT 12.1 exhibit12_1.htm
Exhibit 12.1
 
RATIO OF EARNINGS TO FIXED CHARGES CALCULATION
CHARTER COMMUNICATIONS, INC AND SUBSIDIARIES
(In millions)
                               
   
For the Years
    
For the Six Months
  
   
Ended December 31,
    
Ended June 30,
  
   
Predecessor
    
Combined
    
Successor
    
Successor
    
Successor
  
   
2008
    
2009 (1)
    
2010
    
2010
    
2011
  
                               
Earnings
                              
Income (Loss) before Noncontrolling Interest and Income Taxes
   $ (2,550 )   $ 9,758     $ 58     $ 45     $ (57 )
Fixed Charges
     1,912       1,384       885       427       478  
                                         
      Total Earnings
   $ (638 )   $ 11,142     $ 943     $ 472     $ 421  
                                         
                                         
Fixed Charges
                                        
Interest Expense
   $ 1,872     $ 1,067     $ 853     $ 416     $ 456  
Interest Expense Included Within Reorganization Items, Net
     -       289       -       -       -  
Amortization of Debt Costs
     33       21       24       7       18  
Interest Element of Rentals
     7       7       8       4       4  
                                         
      Total Fixed Charges
   $ 1,912     $ 1,384     $ 885     $ 427     $ 478  
                                         
Ratio of Earnings to Fixed Charges (2)
     -       8.05       1.07       1.11       -  
                                         
(1) Upon our emergence from bankruptcy, we adopted fresh start accounting, which resulted in an $11.8 billion gain due to bankruptcy related items during the eleven months ended November 30, 2009. In accordance with GAAP, the audited consolidated financial statements present the results of operations for (i) the eleven months ended November 30, 2009 of the Predecessor and (ii) the one month ended December 31, 2009 of the Successor. However, for purposes of ratio of consolidated earnings to fixed charges in this prospectus supplement, we have combined the 2009 results of operations for the Predecessor and the Successor.
  
(2) Earnings for the year ended December 31, 2008 and six months ended June 30, 2011 were insufficient to cover fixed charges by $2.6 billion and $57 million, respectively. As a result of such deficiencies, the ratios are not presented above.