TWENTY-FIRST CENTURY FOX, INC. - FORM 10-Q - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - February 3, 2010

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10-Q - FORM 10-Q - TWENTY-FIRST CENTURY FOX, INC.d10q.htm
EX-31.1 - CHAIRMAN AND CEO CERTIFICATION REQUIRED BY RULES 13A-14 AND 15D-14 - TWENTY-FIRST CENTURY FOX, INC.dex311.htm
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EX-32.1 - CERTIFICATION OF CHAIRMAN AND CEO AND CFO PURSUANT TO 18 USC SECTION 1350 - TWENTY-FIRST CENTURY FOX, INC.dex321.htm
EX-31.2 - CFO CERTIFICATION REQUIRED BY RULES 13A-14 AND 15D-14 - TWENTY-FIRST CENTURY FOX, INC.dex312.htm

Exhibit 12.1

News Corporation

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

     For the six months
ended December 31,		  
         2009             2008      

Earnings:

     

Income before income (loss) tax expense

    $ 1,263      $ (7,188 ) 

Add:

     

Equity (earnings) losses from affiliates

      (90 )      329   

Dividends received from affiliates

      152        140   

Fixed charges, excluding capitalized interest

      629        558   

Amortization of capitalized interest

      36        18   
                

Total earnings available for fixed charges

    $ 1,990      $ (6,143 ) 
                

Fixed charges:

     

Interest on debt and finance lease charges

    $ 514      $ 452   

Capitalized interest

      23        32   

Interest element on rental expense

      115        106   
                

Total fixed charges

    $ 652      $ 590   
                

Ratio of earnings to fixed charges

      3.1        * * 
                

 

** Earnings do not cover fixed charges by $6.7 billion during the six months ended December 31, 2008 due to a non-cash impairment charge of $8.4 billion ($6.7 billion net of tax). (See Note 8 to the accompanying unaudited consolidated financial statements for further discussion)

TWENTY-FIRST CENTURY FOX, INC. Reports