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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)
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| For the six months ended December 31, |
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| 2014 |
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| 2013 |
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Earnings: |
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Income from continuing operations before income tax expense |
| $ | 8,092 |
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| $ | 2,434 |
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Add: |
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Equity earnings of affiliates |
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| (629 | ) |
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| (260 | ) | ||||
Dividends received from affiliates |
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| 221 |
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| 221 |
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Fixed charges, excluding capitalized interest |
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| 680 |
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| 617 |
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Amortization of capitalized interest |
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| 19 |
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| 20 |
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Total earnings available for fixed charges |
| $ | 8,383 |
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| $ | 3,032 |
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Fixed charges: |
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Interest on debt and finance lease charges |
| $ | 615 |
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| $ | 546 |
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Capitalized interest |
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| 11 |
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| 13 |
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Interest element on rental expense |
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| 65 |
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| 71 |
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Total fixed charges |
| $ | 691 |
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| $ | 630 |
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Ratio of earnings to fixed charges |
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| 12.1 |
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| 4.8 |
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