Exhibit 12.1
VIACOM INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in millions except ratios)
Six Months Ended March 31, 2013 |
Year Ended September 30, | Nine Months Ended September 30, 2010 | Year Ended December 31, | |||||||||||||||||||||
2012 | 2011 | 2009 | 2008 | |||||||||||||||||||||
Earnings from continuing operations before provision for income taxes | $ | 1,465 | $ | 3,470 | $ | 3,245 | $ | 1,812 | $ | 2,417 | $ | 1,894 | ||||||||||||
Add: | ||||||||||||||||||||||||
Equity in net (earnings) losses of investee companies | (40 | ) | (12 | ) | (40 | ) | 67 | 77 | 74 | |||||||||||||||
Distributions from investee companies | 10 | 6 | 8 | 5 | 9 | 29 | ||||||||||||||||||
Interest expense, and amortization of discounts and capitalized expenses related to indebtedness | 221 | 425 | 419 | 326 | 440 | 514 | ||||||||||||||||||
Estimate of interest within rental expense | 34 | 67 | 68 | 48 | 65 | 50 | ||||||||||||||||||
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Total Earnings | $ | 1,690 | $ | 3,956 | $ | 3,700 | $ | 2,258 | $ | 3,008 | $ | 2,561 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense, and amortization of discounts and capitalized expenses related to indebtedness | $ | 221 | $ | 425 | $ | 419 | $ | 326 | $ | 440 | $ | 514 | ||||||||||||
Estimate of interest within rental expense | 34 | 67 | 68 | 48 | 65 | 50 | ||||||||||||||||||
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Total fixed charges | $ | 255 | $ | 492 | $ | 487 | $ | 374 | $ | 505 | $ | 564 | ||||||||||||
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Ratio of earnings to fixed charges | 6.6x | 8.0x | 7.6x | 6.0x | 6.0x | 4.5x | ||||||||||||||||||
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