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Content analysis
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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, |
| |||||
|
| 2018 |
|
| 2017 |
| ||
Earnings |
|
|
|
|
|
|
|
|
Income from continuing operations before income tax benefit (expense) |
| $ | 3,329 |
|
| $ | 3,874 |
|
Add |
|
|
|
|
|
|
|
|
Equity losses of affiliates |
|
| 59 |
|
|
| 57 |
|
Cash distributions received from affiliates |
|
| 110 |
|
|
| 182 |
|
Fixed charges, excluding capitalized interest |
|
| 1,016 |
|
|
| 969 |
|
Amortization of capitalized interest |
|
| 17 |
|
|
| 19 |
|
|
|
|
|
|
|
|
|
|
Total earnings available for fixed charges |
| $ | 4,531 |
|
| $ | 5,101 |
|
|
|
|
|
|
|
|
|
|
Fixed charges |
|
|
|
|
|
|
|
|
Interest on debt and finance lease charges |
| $ | 936 |
|
| $ | 909 |
|
Capitalized interest |
|
| 28 |
|
|
| 14 |
|
Interest element on rental expense |
|
| 80 |
|
|
| 60 |
|
|
|
|
|
|
|
|
|
|
Total fixed charges |
| $ | 1,044 |
|
| $ | 983 |
|
|
|
|
|
|
|
|
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|
Ratio of earnings to fixed charges |
|
| 4.3 |
|
|
| 5.2 |
|