EX-12 6 fox-ex12_2014063011.htm EXHIBIT 12.1

 

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,

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

 

2010

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income before income tax expense

$

5,189

 

 

$

8,736

 

 

$

4,463

 

 

$

3,098

 

 

$

2,762

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity earnings from affiliates

 

(622

)

 

 

(655

)

 

 

(636

)

 

 

(352

)

 

 

(353

)

Dividends received from affiliates

 

358

 

 

 

324

 

 

 

281

 

 

 

252

 

 

 

239

 

Fixed charges, excluding capitalized interest

 

1,267

 

 

 

1,217

 

 

 

1,186

 

 

 

1,125

 

 

 

1,163

 

Amortization of capitalized interest

 

40

 

 

 

42

 

 

 

37

 

 

 

44

 

 

 

62

 

Total earnings available for fixed charges

$

6,232

 

 

$

9,664

 

 

$

5,331

 

 

$

4,167

 

 

$

3,873

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

$

1,121

 

 

$

1,063

 

 

$

1,032

 

 

$

962

 

 

$

999

 

Capitalized interest

 

28

 

 

 

41

 

 

 

42

 

 

 

44

 

 

 

44

 

Interest element on rental expense

 

146

 

 

 

154

 

 

 

154

 

 

 

163

 

 

 

164

 

Total fixed charges

$

1,295

 

 

$

1,258

 

 

$

1,228

 

 

$

1,169

 

 

$

1,207

 

Ratio of earnings to fixed charges

 

4.8

 

 

 

7.7

 

 

 

4.3

 

 

 

3.6

 

 

 

3.2