EX-12.1 7 g92612exv12w1.txt EX-12.1 COMPUTATION OF EARNINGS (DEFIENCY) TO FIXED CHARGES Exhibit 12.1 COX COMMUNICATIONS, INC STATEMENT SETTING FORTH COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
YEAR ENDED NINE MONTHS ENDED DECEMBER 31 SEPTEMBER 30 2003 2002 2004 2003 ------- ------- ------ ------- (DOLLARS IN MILLIONS) Earnings available for Fixed Charges: Income (loss) from continuing operations before minority interest $(131.7) $(236.8) $163.6 $(121.4) Income tax expense (benefit) (73.3) (125.3) 137.4 (141.5) Equity in net losses of affiliated companies 13.1 32.2 1.3 9.7 Fixed Charges (see below), excluding capitalized interest 467.8 601.4 289.2 370.7 ------- ------- ------ ------- Total $275.9 $271.5 $591.5 $117.5 ======= ======= ====== ======= Fixed charges: Interest expense $ 467.8 $549.9 $289.2 $370.7 Minority interest expense (pre tax) 0.0 51.5 0.0 0.0 Capitalized interest 0.0 0.0 0.0 0.0 Interest component of rentals charged to income 0.0 0.0 0.0 0.0 Dividends on subsidiary preferred stock 0.0 0.0 0.0 0.0 ------- ------- ------ ------- Total fixed charges including capitalized interest $467.8 $601.4 $289.2 $370.7 ======= ======= ====== ======= Ratio of earnings to fixed charges 0.6 0.5 2.0 0.3 ======= ======= ====== ======= Excess of fixed charges over earnings $(191.9) $(329.9) -- $(253.2)