EX-12.1 5 sni-ex121_415.htm EX-12.1EARNINGSTOFIXEDCHRG sni-ex121_415.htm

EXHIBIT 12.1

SCRIPPS NETWORKS INTERACTIVE, INC.

COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES

 

 

For the years ended December 31,

 

(in thousands, except ratios)

2015

 

2014

 

2013

 

2012

 

2011

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations, net of taxes

$

778,473

 

$

726,808

 

$

683,028

 

$

849,656

 

$

636,648

 

Add:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Provision for income taxes

 

343,391

 

 

301,043

 

 

307,623

 

 

88,107

 

 

246,452

 

     (Income) loss from equity investees, net

 

(80,916

)

 

(85,631

)

 

(79,644

)

 

(60,864

)

 

(49,811

)

     Distributions of income from equity investees

 

93,624

 

 

104,185

 

 

83,912

 

 

61,896

 

 

39,420

 

     Total interest expense

 

108,047

 

 

52,687

 

 

48,710

 

 

50,814

 

 

36,121

 

Earnings, as adjusted

$

1,242,619

 

$

1,099,092

 

$

1,043,629

 

$

989,609

 

$

908,830

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

     Total interest expense

$

108,047

 

$

52,687

 

$

48,710

 

$

50,814

 

$

36,121

 

Total fixed chargees

$

108,047

 

$

52,687

 

$

48,710

 

$

50,814

 

$

36,121

 

Preferred stock dividends

 

-

 

 

-

 

 

-

 

 

-

 

 

-

 

Total combined fixed charges and preferred stock dividends

$

108,047

 

$

52,687

 

$

48,710

 

$

50,814

 

$

36,121

 

Ratio of earnings to fixed charges

 

11.50

 

 

20.86

 

 

21.43

 

 

19.48

 

 

25.16

 

Ratio of earnings to combined fixed charges and preferred stock dividends

 

11.50

 

 

20.86

 

 

21.43

 

 

19.48

 

 

25.16