Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - ViacomCBS Inc. | cbs_10q-063016.htm |
| EX-32.B - EXHIBIT 32.B - ViacomCBS Inc. | cbs_ex32b-063016.htm |
| EX-32.A - EXHIBIT 32.A - ViacomCBS Inc. | cbs_ex32a-063016.htm |
| EX-31.B - EXHIBIT 31.B - ViacomCBS Inc. | cbs_31b-063016.htm |
| EX-31.A - EXHIBIT 31.A - ViacomCBS Inc. | cbs_ex31a-063016.htm |
Exhibit 12
CBS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Tabular dollars in millions, except ratios)
Six Months Ended | Twelve Months Ended | ||||||||||||||||||||||
June 30, | December 31, | ||||||||||||||||||||||
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||
Earnings from continuing operations before income taxes and equity in loss of investee companies | $ | 1,362 | $ | 1,113 | $ | 2,023 | $ | 2,164 | $ | 2,665 | $ | 2,357 | $ | 1,983 | |||||||||
Add: | |||||||||||||||||||||||
Distributions from investee companies | 4 | 3 | 3 | 9 | 8 | 11 | 6 | ||||||||||||||||
Interest expense, net of capitalized interest | 200 | 187 | 392 | 363 | 375 | 401 | 433 | ||||||||||||||||
1/3 of rental expense | 33 | 36 | 70 | 69 | 70 | 68 | 68 | ||||||||||||||||
Total earnings from continuing operations | $ | 1,599 | $ | 1,339 | $ | 2,488 | $ | 2,605 | $ | 3,118 | $ | 2,837 | $ | 2,490 | |||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense, net of capitalized interest | $ | 200 | $ | 187 | $ | 392 | $ | 363 | $ | 375 | $ | 401 | $ | 433 | |||||||||
1/3 of rental expense | 33 | 36 | 70 | 69 | 70 | 68 | 68 | ||||||||||||||||
Total fixed charges | $ | 233 | $ | 223 | $ | 462 | $ | 432 | $ | 445 | $ | 469 | $ | 501 | |||||||||
Ratio of earnings to fixed charges | 6.9 | x | 6.0 | x | 5.4 | x | 6.0 | x | 7.0 | x | 6.0 | x | 5.0 | x | |||||||||