EX-12.1 6 chtr12312012exh-121.htm EXHIBIT 12.1 2012 10-K CHTR 12.31.2012 EXH - 12.1


Exhibit 12.1
 
CHARTER COMMUNICATIONS, INC AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES CALCULATION
(In millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Successor
 
Predecessor
 
Year Ended December 31,
 
Combined January 1 through December 31,
 
Period from December 1 through December 31,
 
Period from January 1 through November 30,
 
Year Ended December 31,
 
2012
 
2011
 
2010
 
2009
 
2009
 
2009
 
2008
Earnings
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss before Income Taxes
$
(47
)
 
$
(70
)
 
$
58

 
$
9,758

 
$
10

 
$
9,748

 
$
(2,550
)
Fixed Charges
914

 
970

 
885

 
1,384

 
69

 
1,315

 
1,912

Total Earnings
$
867

 
$
900

 
$
943

 
$
11,142

 
$
79

 
$
11,063

 
$
(638
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 

 
 

 
 

 
 
 
 
 
 
 
 
Interest Expense
$
883

 
$
926

 
$
853

 
$
1,067

 
$
68

 
$
999

 
$
1,872

Interest Expense included within Reorganization Items, Net
—

 
—

 
—

 
289

 
—

 
289

 
—

Amortization of Debt Costs
24

 
37

 
24

 
21

 
—

 
21

 
33

Interest Element of Rentals
7

 
7

 
8

 
7

 
1

 
6

 
7

Total Fixed Charges
$
914

 
$
970

 
$
885

 
$
1,384

 
$
69

 
$
1,315

 
$
1,912

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges (1)
—

 
—

 
1.07

 
8.05

 
1.14

 
8.41

 
—


(1)
Earnings for the years ended December 31, 2012, 2011 and 2008 were insufficient to cover fixed charges by $47 million, $70 million and $2.6 billion, respectively. As a result of such deficiencies, the ratios are not presented above.