EX-12.1 5 g13789exv12w1.htm EX-12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE COMPANY EX-12.1 Computation of Ratio of Earnings
Exhibit 12.1
Time Warner Cable Inc.
Computation of Ratio of Earnings to Fixed Charges
                                                 
    Three        
    Months        
    Ended        
    March 31,     Year Ended December 31,  
    2008     2007     2006     2005     2004     2003  
    (in millions)  
Earnings:
                                               
Net income before income taxes, discontinued operations and cumulative effect of accounting change
  $ 407     $ 1,863     $ 1,556     $ 1,302     $ 1,085     $ 784  
Interest expense
    202       907       690       501       491       514  
Amortization of capitalized interest
    1       3       2       2       2       2  
Portion of rents representative of an interest factor
    16       61       50       32       33       30  
Preferred stock dividend requirements of majority-owned subsidiaries
                                   
Adjustment for partially-owned subsidiaries and 50%-owned companies
    41       165       135       119       90       89  
Undistributed losses of less than 50%-owned companies
          63       4       4       6       23  
 
                                   
Total earnings
  $ 667     $ 3,062     $ 2,437     $ 1,960     $ 1,707     $ 1,442  
 
                                   
 
                                               
Fixed Charges:
                                               
Interest expense
  $ 202     $ 907     $ 690     $ 501     $ 491     $ 514  
Capitalized interest
          5       2       1       1       1  
Portion of rents representative of an interest factor
    16       61       50       32       33       30  
Preferred stock dividend requirements of majority-owned subsidiaries
                                   
Adjustment for partially-owned subsidiaries and 50%-owned companies
                43       60       39       35  
 
                                   
Total fixed charges
  $ 218     $ 973     $ 785     $ 594     $ 564     $ 580  
 
                                   
 
                                               
Ratio of earnings to fixed charges
    3.1 x     3.1 x     3.1 x     3.3 x     3.0 x     2.5 x