Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - DallasNews Corp | d72174e10vk.htm |
| EX-21 - EX-21 - DallasNews Corp | d72174exv21.htm |
| EX-32 - EX-32 - DallasNews Corp | d72174exv32.htm |
| EX-31.1 - EX-31.1 - DallasNews Corp | d72174exv31w1.htm |
| EX-31.2 - EX-31.2 - DallasNews Corp | d72174exv31w2.htm |
| EX-23.1 - EX-23.1 - DallasNews Corp | d72174exv23w1.htm |
| EX-23.2 - EX-23.2 - DallasNews Corp | d72174exv23w2.htm |
Exhibit 12
A. H. Belo Corporation
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands)
| For the Years Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2005 | 2004 | ||||||||||||||||
| (as restated) | ||||||||||||||||||||
Earnings (loss) |
||||||||||||||||||||
Earnings (loss) |
$ | (120,370 | ) | $ | (65,377 | ) | $ | (348,499 | ) | $ | 78,180 | $ | 74,034 | |||||||
Add: Total fixed charges |
3,453 | 6,289 | 36,331 | 25,206 | 18,258 | |||||||||||||||
Less: Capitalized interest |
— | 69 | 451 | 84 | 82 | |||||||||||||||
Adjusted Earnings |
$ | (116,917 | ) | $ | (59,157 | ) | $ | (312,619 | ) | $ | 103,302 | $ | 92,210 | |||||||
Fixed Charges: |
||||||||||||||||||||
Interest |
1,382 | 4,028 | $ | 34,834 | $ | 23,661 | $ | 16,510 | ||||||||||||
Portion of rental expense representative of the
interest factor (1) |
2,071 | 2,261 | 1,497 | 1,545 | 1,748 | |||||||||||||||
Total Fixed Charges |
$ | 3,453 | $ | 6,289 | $ | 36,331 | $ | 25,206 | $ | 18,258 | ||||||||||
Ratio of Earnings to Fixed Charges |
— | (2)(3) | — | (2)(4) | — | 4.10 | 5.05 | |||||||||||||
| 1. | For purposes of calculating fixed charges, an interest factor of one third was applied to total rental expense for the periods indicated. | |
| 2. | Adjusted earning are not sufficient to provide for fixed charges. | |
| 3. | Adjusted earnings are not sufficient to provide for fixed charges. For purposes of calculating the ratio of earnings to fixed charges, adjusted earnings includes a non-cash charge for asset impairments of $106,389. Excluding the non-cash charges asset impairment charges, the adjusted earnings would be $(10,528) and the ratio of earnings to fixed charges would be -3.05. | |
| 4. | Adjusted earning are not sufficient to provide for fixed charges. For purposes of calculating the ratio of earnings to fixed charges, adjusted earnings includes a non-cash charge for goodwill impairment of $14,145 and as asset impairment of $4,535. Excluding the non-cash charges, the adjusted earnings would be $(40,477) and the ratio of earnings to fixed charges would be -6.44. |