Spectrum Management Holding 8-K Financial Statements and Exhibits

Exhibit 12.1

Time Warner Cable Inc.
Computation of Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Dividend Requirements

($ in millions)

	Nine Months
	Ended
	September 30,		Year Ended December 31,
	2009		2008			2007		2006		2005		2004
Earnings:
Net income (loss) before income taxes, discontinued operations and cumulative effect of accounting change	$	1,369	$	(13,072	)	$	2,028	$	1,664	$	1,366	$	1,141
Interest expense		979		961			907		690		501		491
Portion of rents representative of an interest factor		53		63			61		50		32		33
Amortization of capitalized interest		2		3			3		2		2		2
Preferred stock dividend requirements of majority-owned subsidiaries		—		—			—		—		—		—
Adjustment for partially owned subsidiaries and 50%-owned companies		—		1			—		27		55		34
Distributions received less earnings of less than 50%-owned companies		47		6			63		4		4		6
Total earnings	$	2,450	$	(12,038	)	$	3,062	$	2,437	$	1,960	$	1,707
Fixed Charges:
Interest expense	$	979	$	961		$	907	$	690	$	501	$	491
Portion of rents representative of an interest factor		53		63			61		50		32		33
Capitalized interest		1		1			5		2		1		1
Preferred stock dividend requirements of majority-owned subsidiaries		—		—			—		—		—		—
Adjustment for partially owned subsidiaries and 50%-owned companies		—		—			—		43		60		39
Total fixed charges	$	1,033	$	1,025		$	973	$	785	$	594	$	564
Pretax income necessary to cover preferred dividend requirements		—		—			—		—		—		—
Total combined	$	1,033	$	1,025		$	973	$	785	$	594	$	564
Ratio of earnings to fixed charges (deficiency in the coverage of fixed charges by earnings before fixed charges)		2.4x	$	(13,063	)		3.1x		3.1x		3.3x		3.0x
Ratio of earnings to combined fixed charges and preferred dividend requirements (deficiency in the coverage of combined fixed charges and preferred dividend requirements deficiency)		2.4x	$	(13,063	)		3.1x		3.1x		3.3x		3.0x
			��

Note: Certain reclassifications have been made to the prior years’ financial information to conform to the September 30, 2009 presentation.