EX-12 7 g25889xxexv12.htm EX-12 exv12
Exhibit 12
Time Warner Cable Inc.
Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Dividend Requirements
($ in millions)
                                         
    Year Ended December 31.  
    2010     2009     2008     2007     2006  
Earnings:
                                       
Net income (loss) before income taxes,discontinued operations and cumulative effect of accounting change
  $ 2,196     $ 1,912     $ (13,072 )   $ 2,028     $ 1,664  
Interest expense
    1,397       1,324       961       907       690  
Portion of rents representative of an interest factor
    71       71       63       61       50  
Amortization of capitalized interest
    3       3       3       3       2  
Preferred stock dividend requirements of majority-owned subsidiaries
                             
Adjustment for partially-owned subsidiaries and 50%-owned companies
                1             27  
Distributions received less earnings of less than 50%-owned companies
    132       70       6       63       4  
 
                             
Total earnings
  $ 3,799     $ 3,380     $ (12,038 )   $ 3,062     $ 2,437  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
  $ 1,397     $ 1,324     $ 961     $ 907     $ 690  
Portion of rents representative of an interest factor
    71       71       63       61       50  
Capitalized interest
          1       1       5       2  
Preferred stock dividend requirements of majority-owned subsidiaries
                             
Adjustment for partially-owned subsidiaries and 50%-owned companies
                            43  
 
                             
Total fixed charges
  $ 1,468     $ 1,396     $ 1,025     $ 973     $ 785  
 
                             
 
                                       
Pretax income necessary to cover preferred dividend requirements
                             
 
                             
Total combined
  $ 1,468     $ 1,396     $ 1,025     $ 973     $ 785  
 
                             
 
                                       
Ratio of earnings to fixed charges (deficiency in the coverage of fixed charges by earnings before fixed charges)
    2.6 x     2.4 x   $ (13,063 )     3.1 x     3.1 x
 
                             
 
                                       
Ratio of earnings to combined fixed charges and preferred dividend requirements (deficiency in the coverage of combined fixed charges and preferred dividend requirements deficiency)
    2.6 x     2.4 x   $ (13,063 )     3.1 x     3.1 x