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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
DIRECTV HOLDINGS LLC
| | Years ended December 31, | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
(Dollars in millions) | 2006 | 2007 | 2008 | 2009 | 2010 | |||||||||||
Earnings: | ||||||||||||||||
Income from continuing operations before income taxes | $ | 2,195 | $ | 2,250 | $ | 2,057 | $ | 2,049 | $ | 2,802 | ||||||
Fixed charges | 289 | 284 | 351 | 386 | 515 | |||||||||||
Capitalized interest | (55 | ) | (51 | ) | (18 | ) | (18 | ) | (6 | ) | ||||||
Total earnings | $ | 2,429 | $ | 2,483 | $ | 2,390 | $ | 2,417 | $ | 3,311 | ||||||
Fixed Charges: | ||||||||||||||||
Interest expense | $ | 273 | $ | 267 | $ | 333 | $ | 366 | $ | 494 | ||||||
Estimated interest portion of rental payments (a) | 16 | 17 | 18 | 20 | 21 | |||||||||||
Fixed charges | $ | 289 | $ | 284 | $ | 351 | $ | 386 | $ | 515 | ||||||
Ratio of earnings to fixed charges | 8.40 | 8.74 | 6.81 | 6.26 | 6.43 | |||||||||||
- (a)
- Interest expense was estimated by using one-third of total rental payments.