EX-12.1 2 fox-ex121_6.htm EX-12.1 fox-ex121_6.htm

 

Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

  

  

 

For the three months ended

September 30,

 

 

 

2016

 

 

2015

 

Earnings:

 

 

 

 

 

 

 

 

Income from continuing operations before income tax expense

 

$

1,237

 

 

$

1,053

 

Add:

 

 

 

 

 

 

 

 

Equity earnings of affiliates

 

 

(35

)

 

 

(35

)

Cash distributions received from affiliates

 

 

2

 

 

 

6

 

Fixed charges, excluding capitalized interest

 

 

319

 

 

 

315

 

Amortization of capitalized interest

 

 

7

 

 

 

6

 

 

 

 

 

 

 

 

 

 

Total earnings available for fixed charges

 

$

1,530

 

 

$

1,345

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

 

$

300

 

 

$

295

 

Capitalized interest

 

 

4

 

 

 

3

 

Interest element on rental expense

 

 

19

 

 

 

20

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

323

 

 

$

318

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.7

 

 

 

4.2