Spectrum Management Holding 10-K 2012 FY Annual report

Exhibit 12

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)

	Year Ended December 31.
	2012		2011		2010		2009		2008
Earnings:
Net income (loss) before income taxes, discontinued operations and cumulative effect of accounting change	$	3,336	$	2,462	$	2,196	$	1,912	$	(13,072)
Interest expense		1,614		1,524		1,397		1,324		961
Portion of rents representative of an interest factor		80		68		71		71		63
Amortization of capitalized interest		2		3		3		3		3
Preferred stock dividend requirements of majority-owned subsidiaries		—		—		—		—		—
Adjustment for partially-owned subsidiaries and 50%-owned companies		—		—		—		—		1
Distributions received less earnings of less than 50%-owned companies		16		109		132		70		6
Total earnings	$	5,048	$	4,166	$	3,799	$	3,380	$	(12,038)
Fixed Charges:
Interest expense	$	1,614	$	1,524	$	1,397	$	1,324	$	961
Portion of rents representative of an interest factor		80		68		71		71		63
Capitalized interest		4		—		—		1		1
Preferred stock dividend requirements of majority-owned subsidiaries		—		—		—		—		—
Adjustment for partially-owned subsidiaries and 50%-owned companies		—		—		—		—		—
Total fixed charges	$	1,698	$	1,592	$	1,468	$	1,396	$	1,025
Pretax income necessary to cover preferred dividend requirements		—		—		—		—		—
Total combined	$	1,698	$	1,592	$	1,468	$	1,396	$	1,025
Ratio of earnings to fixed charges (deficiency in the coverage of fixed charges by earnings before fixed charges)		3.0x		2.6x		2.6x		2.4x	$	(13,063)
Ratio of earnings to combined fixed charges and preferred dividend requirements (deficiency in the coverage of combined fixed charges and preferred dividend requirements deficiency)		3.0x		2.6x		2.6x		2.4x	$	(13,063)