EX-12.1 2 sni-ex121_267.htm EX-12.1 sni-ex121_267.htm

Exhibit 12.1

SCRIPPS NETWORKS INTERACTIVE, INC.

COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

 

 

For the years ended December 31,

 

 

2017

 

2016

 

2015

 

2014

 

2013

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations, net of taxes

$

814,351

 

$

847,448

 

$

778,473

 

$

726,808

 

$

683,028

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Provision for income taxes

 

496,859

 

 

430,330

 

 

343,391

 

 

301,043

 

 

307,623

 

     (Income) loss from equity investees, net

 

(59,758

)

 

(71,382

)

 

(80,916

)

 

(85,631

)

 

(79,644

)

     Distributions of income from equity investees

 

77,780

 

 

65,277

 

 

93,624

 

 

104,185

 

 

83,912

 

     Total interest expense

 

93,159

 

 

129,441

 

 

108,047

 

 

52,687

 

 

48,710

 

Earnings, as adjusted

$

1,422,391

 

$

1,401,114

 

$

1,242,619

 

$

1,099,092

 

$

1,043,629

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Total interest expense

$

93,159

 

$

129,441

 

$

108,047

 

$

52,687

 

$

48,710

 

Total fixed charges

$

93,159

 

$

129,441

 

$

108,047

 

$

52,687

 

$

48,710

 

Preferred stock dividends

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Total combined fixed charges and preferred stock dividends

$

93,159

 

$

129,441

 

$

108,047

 

$

52,687

 

$

48,710

 

Ratio of earnings to fixed charges

 

15.27

 

 

10.82

 

 

11.50

 

 

20.86

 

 

21.43

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

15.27

 

 

10.82

 

 

11.50

 

 

20.86

 

 

21.43