Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - ViacomCBS Inc. | Financial_Report.xls |
| EX-31.(B) - EXHIBIT 31.(B) - ViacomCBS Inc. | a2195198zex-31_b.htm |
| EX-32.(B) - EXHIBIT 32.(B) - ViacomCBS Inc. | a2195198zex-32_b.htm |
| EX-32.(A) - EXHIBIT 32.(A) - ViacomCBS Inc. | a2195198zex-32_a.htm |
| EX-31.(A) - EXHIBIT 31.(A) - ViacomCBS Inc. | a2195198zex-31_a.htm |
| EX-10.(D) - EXHIBIT 10(D) - ViacomCBS Inc. | a2195198zex-10_d.htm |
| EX-10.(B) - EXHIBIT 10(B) - ViacomCBS Inc. | a2195198zex-10_b.htm |
| 10-Q - FORM 10-Q - ViacomCBS Inc. | a2195198z10-q.htm |
Exhibit 12
CBS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Tabular dollars in millions, except ratios)
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Nine Months Ended |
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Twelve Months Ended |
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September 30, |
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December 31, |
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2009 |
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2008 |
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2008 |
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2007 |
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2006 |
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2005 |
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2004 |
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Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies |
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$ |
339.5 |
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$ |
(12,742.1 |
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$ |
(12,575.1 |
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$ |
2,133.0 |
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$ |
2,132.7 |
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$ |
(7,564.4 |
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$ |
(15,850.2 |
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Add: |
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Distributions from investee companies |
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1.7 |
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5.8 |
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5.8 |
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7.7 |
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8.9 |
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9.5 |
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12.6 |
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Interest expense, net of capitalized interest |
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402.5 |
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407.5 |
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546.3 |
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570.1 |
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564.5 |
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719.6 |
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693.7 |
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1/3 of rental expense |
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151.3 |
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157.9 |
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215.8 |
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193.4 |
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160.9 |
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137.2 |
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123.8 |
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Total Earnings (loss) |
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$ |
895.0 |
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$ |
(12,170.9 |
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$ |
(11,807.2 |
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$ |
2,904.2 |
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$ |
2,867.0 |
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$ |
(6,698.1 |
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$ |
(15,020.1 |
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Fixed charges: |
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Interest expense, net of capitalized interest |
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$ |
402.5 |
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$ |
407.5 |
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$ |
546.3 |
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$ |
570.1 |
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$ |
564.5 |
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$ |
719.6 |
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$ |
693.7 |
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1/3 of rental expense |
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151.3 |
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157.9 |
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215.8 |
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193.4 |
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160.9 |
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137.2 |
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123.8 |
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Total fixed charges |
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$ |
553.8 |
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$ |
565.4 |
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$ |
762.1 |
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$ |
763.5 |
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$ |
725.4 |
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$ |
856.8 |
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$ |
817.5 |
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Ratio of earnings to fixed charges |
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1.6x |
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Note a |
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Note a |
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3.8x |
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4.0x |
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Note a |
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Note a |
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Note:
(a) Earnings are inadequate to cover fixed charges by $12.74 billion for the nine months ended September 30, 2008, $12.57 billion for the full year 2008, $7.55 billion for the full year 2005 and $15.84 billion for the full year 2004 due to the non-cash impairment charges of $14.18 billion in 2008, $9.48 billion in 2005 and $18.0 billion in 2004.