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,

 

 

 

2016

 

 

2015

 

 

2014

 

 

2013

 

 

2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income tax expense

 

$

4,154

 

 

$

9,847

 

 

$

5,189

 

 

$

8,736

 

 

$

4,463

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Equity losses (earnings) of affiliates

 

 

34

 

 

 

(904

)

 

 

(622

)

 

 

(655

)

 

 

(636

)

Cash distributions received from affiliates

 

 

351

 

 

 

352

 

 

 

358

 

 

 

324

 

 

 

281

 

Fixed charges, excluding capitalized interest

 

 

1,264

 

 

 

1,303

 

 

 

1,267

 

 

 

1,217

 

 

 

1,186

 

Amortization of capitalized interest

 

 

26

 

 

 

30

 

 

 

40

 

 

 

42

 

 

 

37

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings available for fixed charges

 

$

5,829

 

 

$

10,628

 

 

$

6,232

 

 

$

9,664

 

 

$

5,331

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest on debt and finance lease charges

 

$

1,184

 

 

$

1,198

 

 

$

1,121

 

 

$

1,063

 

 

$

1,032

 

Capitalized interest

 

 

24

 

 

 

26

 

 

 

28

 

 

 

41

 

 

 

42

 

Interest element on rental expense

 

 

80

 

 

 

105

 

 

 

146

 

 

 

154

 

 

 

154

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

1,288

 

 

$

1,329

 

 

$

1,295

 

 

$

1,258

 

 

$

1,228

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 

4.5

 

 

 

8.0

 

 

 

4.8

 

 

 

7.7

 

 

 

4.3