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Content analysis
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H.S. freshman Avg
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Exhibit 12.1
SCRIPPS NETWORKS INTERACTIVE, INC.
COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES
| For the years ended December 31, |
| |||||||||||||
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| |||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations, net of taxes | $ | 814,351 |
| $ | 847,448 |
| $ | 778,473 |
| $ | 726,808 |
| $ | 683,028 |
|
Add: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provision for income taxes |
| 496,859 |
|
| 430,330 |
|
| 343,391 |
|
| 301,043 |
|
| 307,623 |
|
(Income) loss from equity investees, net |
| (59,758 | ) |
| (71,382 | ) |
| (80,916 | ) |
| (85,631 | ) |
| (79,644 | ) |
Distributions of income from equity investees |
| 77,780 |
|
| 65,277 |
|
| 93,624 |
|
| 104,185 |
|
| 83,912 |
|
Total interest expense |
| 93,159 |
|
| 129,441 |
|
| 108,047 |
|
| 52,687 |
|
| 48,710 |
|
Earnings, as adjusted | $ | 1,422,391 |
| $ | 1,401,114 |
| $ | 1,242,619 |
| $ | 1,099,092 |
| $ | 1,043,629 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest expense | $ | 93,159 |
| $ | 129,441 |
| $ | 108,047 |
| $ | 52,687 |
| $ | 48,710 |
|
Total fixed charges | $ | 93,159 |
| $ | 129,441 |
| $ | 108,047 |
| $ | 52,687 |
| $ | 48,710 |
|
Preferred stock dividends |
| - |
|
| - |
|
| - |
|
| - |
|
| - |
|
Total combined fixed charges and preferred stock dividends | $ | 93,159 |
| $ | 129,441 |
| $ | 108,047 |
| $ | 52,687 |
| $ | 48,710 |
|
Ratio of earnings to fixed charges |
| 15.27 |
|
| 10.82 |
|
| 11.50 |
|
| 20.86 |
|
| 21.43 |
|
Ratio of earnings to combined fixed charges and preferred stock dividends |
| 15.27 |
|
| 10.82 |
|
| 11.50 |
|
| 20.86 |
|
| 21.43 |
|