EX-12.1 3 d249993dex121.htm RATIO OF EARNINGS TO FIXED CHARGES Ratio of Earnings to Fixed Charges

Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

     For the three months ended September 30,  
     2011     2010  

Earnings:

   

Income before income tax expense

     
   $ 1,063     $ 1,019  

Add:

     

Equity earnings from affiliates

      (121 )      (94 ) 

Dividends received from affiliates

      64       20  

Fixed charges, excluding capitalized interest

      311       287  

Amortization of capitalized interest

      13       11  
  

 

 

    

 

 

  

Total earnings available for fixed charges

    $ 1,330     $ 1,243  
  

 

 

    

 

 

  

Fixed charges:

     

Interest on debt and finance lease charges

    $ 258     $ 232  

Capitalized interest

      11       8  

Interest element on rental expense

      53       55  
  

 

 

    

 

 

  

Total fixed charges

    $ 322     $ 295  
  

 

 

    

 

 

  

Ratio of earnings to fixed charges

      4.1       4.2