EX-12.4 6 y62410exv12w4.txt STATEMENT RE COMPUTATION OF RATIO OF EARNINGS Exhibit 12.4 COMCAST CABLE COMMUNICATIONS, INC. STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (dollars in millions)
For the three months ended March 31, For the years ended December 31, ------------------------------------- -------------------------------------------- 2002 2001 2000 1999 1998 1997 ---- ---- ---- ---- ---- ---- Earnings (loss) before fixed charges(1): Income (loss) before extraordinary items and cumulative effect of accounting changes $100.5 $(360.9) $113.1 $(247.5) $(97.2) $(112.1) Minority Interest -- -- (107.9) (17.0) (21.0) Income tax (benefit) expense 56.6 (36.6) 299.9 (46.2) (35.8) (43.6) Equity in net (income) losses of affiliates (0.6) 7.5 9.3 2.4 0.4 Fixed charges 145.4 585.4 531.9 362.9 275.7 265.2 ------ ------------------------------------------------ $301.9 $ 195.4 $954.2 $ (36.3) $126.1 $ 88.5 ====== ================================================ Fixed charges(1): Interest expense $145.4 $ 546.1 $515.7 $ 352.9 $223.6 $ 227.9 Interest expense on notes payable to affiliates 39.3 16.2 10.0 52.1 37.3 ------ ------------------------------------------------ $145.4 $ 585.4 $531.9 $ 362.9 $275.7 $ 265.2 ====== ================================================ Rate of earnings to fixed charges(2) 2.08 -- 1.79 -- -- --
----------------------- (1) For the purpose of calculating the ratio of earnings to fixed charges, earnings consist of income (loss) from continuing operations before income taxes, extraordinary items, cumulative effect of accounting changes, minority interest, equity in net (income) losses of affiliates and fixed charges. Fixed charges consist of interest expense and interest expense on notes payable to affiliates. (2) For the years ended December 31, 2001, 1999, 1998 and 1997, earnings, as defined above, were inadequate to cover fixed charges by $390.0 million, $399.2 million, $149.6 million and $176.7 million, respectively.