EX-12.1 7 w84641exv12w1.txt STMT REGARDING COMPUTAION OF RATIO OF EARNINGS... EXHIBIT 12.1 COMCAST CORPORATION STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS)
Years Ended December 31, ----------------------------------------------------------------------- 2002 2001 2000 1999 1998 --------- --------- --------- --------- --------- Earnings (loss) before fixed charges (1): Earnings (loss) from continuing operations before cumulative effect of accounting change ($ 276) $ 224 $ 2,021 $ 730 $ 1,003 Minority Interest 212 160 115 (5) (44) Income tax (benefit) expense 134 470 1,429 696 592 Equity in net loss of affiliates 103 29 22 (1) 516 Fixed charges 884 734 728 617 473 --------- --------- --------- --------- --------- $ 1,057 $ 1,617 $ 4,315 $ 2,037 $ 2,540 ========= ========= ========= ========= ========= Fixed charges: Interest expense $ 884 $ 734 $ 728 $ 617 $ 473 ========= ========= ========= ========= ========= Ratio of earnings to fixed charges (1) 1.20 2.20 5.93 3.30 5.37
---------- (1) For purposes of calculating the ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before income taxes, cumulative effect of accounting change, minority interest, equity in net (income) losses of affiliates and fixed charges. Fixed charges consist of interest expense.