Warner Bros. Discovery (WBD) 10-K/A 2012 FY Annual report (amended)

Exhibit 12

DISCOVERY COMMUNICATIONS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

(unaudited; in millions, except ratio amounts)

	Years Ended December 31,
	2012		2011			2010			2009			2008
Earnings:
Income from continuing operations, net of taxes(a)	$	956	$	1,136		$	659		$	570		$	383
Add:
Provision for income taxes(a)	562		427			293			469			372
Loss of equity investees	86		35			57			24			65
Distributions of income from equity investees	20		30			15			4			4
Total interest expense	251		211			207			249			258
Portion of rents representative of the interest factor	22		26			28			27			46
Earnings, as adjusted	$	1,897	$	1,865		$	1,259		$	1,343		$	1,128
Fixed charges:
Total interest expense	$	251	$	211		$	207		$	249		$	258
Portion of rents representative of the interest factor	22		26			28			27			46
Total fixed charges	$	273	$	237		$	235		$	276		$	304
Preferred stock dividends	—		—			1			15			—
Total combined fixed charges and preferred stock dividends	$	273	$	237		$	236		$	291		$	304
Ratio of earnings to fixed charges	6.9		7.9		x	5.4		x	4.9		x	3.7		x
Ratio of earnings to combined fixed charges and preferred stock dividends	6.9		7.9		x	5.3		x	4.6		x	3.7		x

^(a) On September 17, 2012, we sold our postproduction audio business, whose results of operations have been reclassified to discontinued operations for all periods presented. (See Note 3 to the accompanying consolidated financial statements.)