Attached files
Exhibit 12.1
News Corporation
Computation of Ratio of Earnings to Fixed Charges
(in Millions, Except Ratio Amounts)
(Unaudited)
For the three months ended September 30, | |||||||
2009 | 2008 | ||||||
Earnings: |
|||||||
Income before income tax expense |
$ | 842 | $ | 717 | |||
Add: |
|||||||
Equity (earnings) losses from affiliates |
(32 | ) | 359 | ||||
Dividends received from affiliates |
16 | 30 | |||||
Fixed charges, excluding capitalized interest |
304 | 279 | |||||
Amortization of capitalized interest |
13 | 8 | |||||
Total earnings available for fixed charges |
$ | 1,143 | $ | 1,393 | |||
Fixed charges: |
|||||||
Interest on debt and finance lease charges |
$ | 245 | $ | 221 | |||
Capitalized interest |
10 | 16 | |||||
Interest element on rental expense |
59 | 58 | |||||
Total fixed charges |
$ | 314 | $ | 295 | |||
Ratio of earnings to fixed charges |
3.6 | 4.7 | |||||