EX-12 2 amcx-12312012xex12.htm EXHIBIT 12 AMCX - 12.31.2012 - Ex 12
Exhibit 12


AMC NETWORKS INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in thousands)
 
 
Years Ended December 31,
 
 
2012
 
2011
 
2010
 
2009
 
2008
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations before income taxes
$
222,274

 
$
210,610

 
$
206,262

 
$
158,954

 
$
(17,844
)
 
Fixed charges
132,716

 
100,307

 
79,921

 
84,471

 
106,227

 
Total earnings as adjusted
$
354,990

 
$
310,917

 
$
286,183

 
$
243,425

 
$
88,383

 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest Expense (*)
$
127,778

 
$
95,870

 
$
75,800

 
$
79,778

 
$
101,487

 
Portion of rents representative of an interest factor
4,938

 
4,437

 
4,121

 
4,693

 
4,740

 
Total fixed charges
$
132,716

 
$
100,307

 
$
79,921

 
$
84,471

 
$
106,227

 
Ratio of Earnings to Fixed Charges
2.7

 
3.1

 
3.6

 
2.9

 
0.8

(a)
 
(a)
For the year ended December 31, 2008, earnings were insufficient to cover fixed charges by $17.8 million.
(*)
Interest expense includes the amortized premiums, discounts and capitalized expenses related to indebtedness.