Attached files

file filename
EX-31.2 - EX-31.2 - TWENTY-FIRST CENTURY FOX, INC.fox-ex312_9.htm
EX-32.1 - EX-32.1 - TWENTY-FIRST CENTURY FOX, INC.fox-ex321_8.htm
EX-31.1 - EX-31.1 - TWENTY-FIRST CENTURY FOX, INC.fox-ex311_6.htm
10-Q - 10-Q - TWENTY-FIRST CENTURY FOX, INC.fox-10q_20150930.htm

Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

 

 

For the three months ended

September 30,

 

 

 

2015

 

 

2014

 

Earnings:

 

 

 

 

 

 

 

 

Income from continuing operations before income tax expense

 

$

1,053

 

 

$

1,603

 

Add:

 

 

 

 

 

 

 

 

Equity earnings of affiliates

 

 

(35

)

 

 

(379

)

Cash distributions received from affiliates

 

 

6

 

 

 

3

 

Fixed charges, excluding capitalized interest

 

 

315

 

 

 

341

 

Amortization of capitalized interest

 

 

6

 

 

 

10

 

 

 

 

 

 

 

 

 

 

Total earnings available for fixed charges

 

$

1,345

 

 

$

1,578

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

 

$

295

 

 

$

305

 

Capitalized interest

 

 

3

 

 

 

5

 

Interest element on rental expense

 

 

20

 

 

 

36

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

318

 

 

$

346

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.2

 

 

 

4.6