EX-12 3 0003.txt COMPUTATION OF RATIO OF EARNINGS Exhibit 12 Liberty Digital, Inc. and Subsidiairies Statement Regarding Computation of Ratios for the periods indicated (unaudited)
TCI Liberty Digital, Inc. Music, Inc. ---------------------------- ----------- Three months One month Two Months ended ended ended March 31, March 31, February 28, ------------- ------------ ------------ 2000 1999 1999 ------------- ------------ ------------ Earnings (losses) from continuing operations before income taxes.................................... 108,509 (2,406) 145 Add: Interest on debt............................................ 3,446 550 1,138 Interest portion of rentals................................. 406 184 340 Share of (earnings) losses from equity investees with debt not guaranteed by Liberty Digital............ 4,576 187 6 Amortization of line of credit fees......................... 12 3 12 --------- --------- ------ Earnings available for fixed charges and preferred stock dividends.............................. 116,949 (1,482) 1,641 ========= ========= ====== Fixed Charges: Interest on debt............................................ 3,446 550 1,138 Interest portion of rentals................................. 406 184 340 Amortization of line of credit fees......................... 12 3 12 --------- --------- ------ Total fixed charges......................................... 3,864 737 1,490 ========= ========= ====== Consolidated ratio of earnings to fixed charges............. 30.3 -- 1.1 ========= ========= ====== Deficiency of consolidated earnings to cover fixed charges.. -- (2,219) -- ========= ========= ====== Total fixed charges......................................... 3,864 737 1,490 Preferred stock dividends, pre-tax.......................... 4,363 210 420 --------- --------- ------ Total fixed charges and preferred stock dividends........... 8,227 947 1,910 Consolidated ratio of earnings to fixed charges and preferred stock dividends.............................. 14.2 -- -- ========= ========= ====== Deficiency of consolidated earnings to cover combined fixed charges and preferred stock dividends............ -- (2,429) (269) ========= ========= ======
Liberty Digital, Inc. TCI Music, Inc. ------------- -------------------------------------------- Ten Months Two Months Year Six Months ended ended ended ended December 31, February 28, December 31, December 31, ------------ ------------- ------------ ------------ 1999 1999 1998 1997 ------------ ------------- ------------ ------------ Earnings (losses) from continuing operations before income taxes............................ (737,755) 145 (1,323) 2,443 Add: Interest on debt.................................... 6,189 1,138 6,035 409 Interest portion of rentals......................... 1,707 340 1,911 874 Share of (earnings) losses from equity investees with debt not guaranteed by Liberty Digital.... 11,620 6 (151) (120) Amortization of line of credit fees................. 50 12 50 - ----------- ------------- ----------- ------------ Earnings available for fixed charges and preferred stock dividends...................... (718,189) 1,641 6,522 3,606 =========== ============= =========== ============ Fixed Charges: Interest on debt.................................... 6,189 1,138 6,035 409 Interest portion of rentals......................... 1,707 340 1,911 874 Amortization of line of credit fees................. 50 12 50 - ----------- ------------- ----------- ------------ Total fixed charges................................. 7,946 1,490 7,996 1,283 =========== ============= =========== ============ Consolidated ratio of earnings to fixed charges..... - 1.1 - 2.8 =========== ============= =========== ============ Deficiency of consolidated earnings to cover fixed charges.................................. (726,135) - (1,474) - =========== ============= =========== ============ Total fixed charges................................. 7,946 1,490 7,996 1,283 Preferred stock dividends, pre-tax.................. 3,985 420 2,257 207 ----------- ------------- ----------- ------------ Total fixed charges and preferred stock dividends... 11,931 1,910 10,253 1,490 Consolidated ratio of earnings to fixed charges and preferred stock dividends...................... - - - 2.4 =========== ============= =========== ============ Deficiency of consolidated earnings to cover combined fixed charges and preferred stock dividends..... (730,120) (269) (3,731) - =========== ============= =========== ============ DMX, Inc. ---------------------------------------------------- Nine Months Year Year ended ended ended June 30, September 30, September 30, ---------------- ------------ ------------ 1997 1996 1995 ----------------- ------------- ------------ Earnings (losses) from continuing operations before income taxes............................. (14,708) (33,855) (23,079) Add: Interest on debt.................................... 422 300 209 Interest portion of rentals......................... 1,341 1,775 1,699 Share of (earnings) losses from equity investees with debt not guaranteed by Liberty Digital.... (203) (197) (307) Amortization of line of credit fees................. - - - ----------- ----------- ------------ Earnings available for fixed charges and preferred stock dividends...................... (13,148) (31,977) (21,478) =========== =========== ============ Fixed Charges: Interest on debt.................................... 422 300 209 Interest portion of rentals......................... 1,341 1,775 1,699 Amortization of line of credit fees................. - - - ----------- ----------- ------------ Total fixed charges................................. 1,763 2,075 1,908 =========== =========== ============ Consolidated ratio of earnings to fixed charges..... - - - =========== =========== ============ Deficiency of consolidated earnings to cover fixed charges.................................. (14,911) (34,052) (23,386) =========== =========== ============ Total fixed charges................................. 1,763 2,075 1,908 Preferred stock dividends, pre-tax.................. - - - ----------- ----------- ------------ Total fixed charges and preferred stock dividends... 1,763 2,075 1,908 Consolidated ratio of earnings to fixed charges and preferred stock dividends...................... - - - =========== ========== ============ Deficiency of consolidated earnings to cover combined fixed charges and preferred stock dividends..... (14,911) (34,052) (23,386) =========== ========== ============