Exhibit 12

DISCOVERY COMMUNICATIONS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(unaudited; in millions, except ratio amounts)

	Three Months Ended March 31			Years Ended December 31,
	2015			2014			2013			2012		2011		2010
Earnings:
Income from continuing operations, net of taxes(a)	$	250		$	1,137		$	1,077		$	956	$	1,136	$	659
Add:
Provision for income taxes(a)		125			610			659			562		427		293
(Income) loss from equity investees, net		(1	)		(23	)		(18	)		86		35		57
Distributions of income from equity investees		2			22			14			20		30		15
Total interest expense		85			333			309			251		211		207
Portion of rents representative of the interest factor		11			48			31			22		26		28
Earnings, as adjusted	$	472		$	2,127		$	2,072		$	1,897	$	1,865	$	1,259
Fixed charges:
Total interest expense	$	85		$	333		$	309		$	251	$	211	$	207
Portion of rents representative of the interest factor		11			48			31			22		26		28
Total fixed charges	$	96		$	381		$	340		$	273	$	237	$	235
Preferred stock dividends		—			—			—			—		—		1
Total combined fixed charges and preferred stock dividends	$	96		$	381		$	340		$	273	$	237	$	236
Ratio of earnings to fixed charges		4.9x			5.6x			6.1x			6.9x		7.9x		5.4x
Ratio of earnings to combined fixed charges and preferred stock dividends		4.9x			5.6x			6.1x			6.9x		7.9x		5.3x

^(a) On September 17, 2012, the Company sold its postproduction audio business, whose results of operations have been reclassified to discontinued operations for all periods presented.