EX-12.1 6 d804027dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

CHARTER COMMUNICATIONS, INC. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES CALCULATION

(In millions)

 

     For the Years
Ended December 31,		     For the Six Months
Ended June 30,		  
     Combined
2009(1)		      Successor
2010		      Successor
2011		     Successor
2012		     Successor
2013		     Successor
2013		     Successor
2014		  

Earnings

                 

Income (Loss) before Income Taxes

    $ 9,758       $ 58       $ (70 )    $ (47 )    $ (49 )    $ (71 )    $ 47   

Fixed Charges

      1,384         885         970        914        854        425        425   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Earnings

    $ 11,142       $ 943       $ 900      $ 867      $ 805      $ 354      $ 472   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

                 

Interest Expense

    $ 1,067       $ 853       $ 926      $ 883      $ 824      $ 411      $ 411   

Interest Expense Included Within Reorganization Items, Net

      289         —           —          —          —          —          —     

Amortization of Debt Costs

      21         24         37        24        22        10        10   

Interest Element of Rentals

      7         8         7        7        8        4        4   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Total Fixed Charges

    $ 1,384       $ 885       $ 970      $ 914      $ 854      $ 425      $ 425   
  

 

 

     

 

 

     

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

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 earnings to fixed charges in this prospectus, we have combined the 2009 results of operations of the Predecessor and the Successor.
(2) Earnings for the years ended December 31, 2011, 2012, and 2013 and for the six months ended June 30, 2013 were insufficient to cover fixed charges by $70 million, $47 million, $49 million and $71 million, respectively. As a result of such deficiencies, the ratios are not presented above.