EX-12.1 3 fox-ex121_7.htm EX-12.1 fox-ex121_7.htm

Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

 

 

Fiscal years ended June 30,

 

 

 

2018

 

 

2017

 

 

2016

 

 

2015

 

 

2014

 

Earnings

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax benefit (expense)

 

$

4,410

 

 

$

4,689

 

 

$

4,154

 

 

$

9,847

 

 

$

5,189

 

Add

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity losses (earnings) of affiliates

 

 

138

 

 

 

41

 

 

 

34

 

 

 

(904

)

 

 

(622

)

Cash distributions received from affiliates

 

 

235

 

 

 

186

 

 

 

351

 

 

 

352

 

 

 

358

 

Fixed charges, excluding capitalized interest

 

 

1,341

 

 

 

1,301

 

 

 

1,264

 

 

 

1,303

 

 

 

1,267

 

Amortization of capitalized interest

 

 

20

 

 

 

23

 

 

 

26

 

 

 

30

 

 

 

40

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings available for fixed charges

 

$

6,144

 

 

$

6,240

 

 

$

5,829

 

 

$

10,628

 

 

$

6,232

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

 

$

1,248

 

 

$

1,219

 

 

$

1,184

 

 

$

1,198

 

 

$

1,121

 

Capitalized interest

 

 

40

 

 

 

20

 

 

 

24

 

 

 

26

 

 

 

28

 

Interest element on rental expense

 

 

93

 

 

 

82

 

 

 

80

 

 

 

105

 

 

 

146

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

1,381

 

 

$

1,321

 

 

$

1,288

 

 

$

1,329

 

 

$

1,295

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.4

 

 

 

4.7

 

 

 

4.5

 

 

 

8.0

 

 

 

4.8