EX-12.1 2 fox-ex121_201503316.htm EX-12.1

Exhibit 12.1

Twenty-First Century Fox, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in Millions, Except Ratio Amounts)

(Unaudited)

 

 

 

For the nine months ended

March 31,

 

 

 

2015

 

 

2014

 

Earnings:

 

 

 

 

 

 

 

 

Income from continuing operations before income tax expense

 

$

9,607

 

 

$

3,792

 

Add:

 

 

 

 

 

 

 

 

Equity earnings of affiliates

 

 

(959

)

 

 

(430

)

Dividends received from affiliates

 

 

223

 

 

 

223

 

Fixed charges, excluding capitalized interest

 

 

992

 

 

 

938

 

Amortization of capitalized interest

 

 

24

 

 

 

27

 

 

 

 

 

 

 

 

 

 

Total earnings available for fixed charges

 

$

9,887

 

 

$

4,550

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

 

$

907

 

 

$

830

 

Capitalized interest

 

 

19

 

 

 

21

 

Interest element on rental expense

 

 

85

 

 

 

108

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

1,011

 

 

$

959

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

9.8

 

 

 

4.7