EXHIBIT 12
DIRECTV HOLDINGS LLC
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND EARNINGS
| Pro Forma (a) | Three Months | Six Months | |||||||
Year Ended | |||||||||
EARNINGS: | |||||||||
Earnings from continuing operations before income taxes | $ | 42.4 | $ | 140.5 | $ | 216.2 | |||
Interest expense(b) | 176.7 | 47.7 | 62.5 | ||||||
Estimated interest portion of rents(c) | 10.2 | 2.6 | 5.1 | ||||||
Total Earnings | $ | 229.3 | $ | 190.8 | $ | 283.8 | |||
FIXED CHARGES: | |||||||||
Interest expense(b) | $ | 176.7 | $ | 47.7 | $ | 62.5 | |||
Estimated interest portion of rents(c) | 10.2 | 2.6 | 5.1 | ||||||
Total Fixed Charges | $ | 186.9 | $ | 50.3 | $ | 67.6 | |||
Ratio of Earnings to Fixed Charges and Earnings | 1.23 | 3.79 | 4.20 | ||||||
| (a) | Amounts adjusted as if the issuance of the Original Notes and borrowings under the senior secured credit facility had occurred as of the beginning of the period presented. |
| (b) | Pro forma Interest expense assumes a weighted average interest rate of 6.735% and reflects the principle debt outstanding for the Original Notes and the borrowings under the senior secured credit facility. |
| (c) | Interest expense was estimated by using one-third of total rental payments. |
1