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Content analysis
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H.S. freshman Avg
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- 10-K Annual report
- 4 Exhibit 4(F)
- 10 Exhibit 10(D)
- 10 Exibit 10(E)
- 10 Exhibit 10(F)
- 10 Exhibit 10(G)
- 10 Exhibit 10(H)
- 10 Exhibit 10(J)
- 10 Exhibit 10(M)
- 10 Exhibit 10(N)
- 10 Exhibit 10(O)
- 10 Exhibit 10(P)
- 10 Exhibit 10(Q)
- 10 Exhibit 10(R)(I)
- 10 Exhibit 10(R)(II)
- 10 Exhibit 10(R)(V)
- 10 Exhibit 10(T)
- 12 Exhibit 12
- 21 Exhibit 21
- 23 Exhibit 23(A)
- 24 Exhibit 24
- 31 Exhibit 31(A)
- 31 Exhibit 31(B)
- 32 Exhibit 32(A)
- 32 Exhibit 32(B)
Exhibit 12
CBS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS
(Tabular dollars in millions except ratios)
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| Twelve Months Ended December 31, |
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| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
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Earnings (loss) from continuing operations before income taxes and equity in earnings (loss) of investee companies |
| $(12,575.1 | ) | $2,133.0 |
| $2,132.7 |
| $(7,564.4 | ) | $(15,850.2 | ) |
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Add: |
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Distributions from investee companies |
| 5.8 |
| 7.7 |
| 8.9 |
| 9.5 |
| 12.6 |
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Interest expense, net of capitalized interest |
| 546.3 |
| 570.1 |
| 564.5 |
| 719.6 |
| 693.7 |
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1/3 of rental expense |
| 215.8 |
| 193.4 |
| 160.9 |
| 137.2 |
| 123.8 |
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Total Earnings (loss) |
| $(11,807.2 | ) | $2,904.2 |
| $2,867.0 |
| $(6,698.1 | ) | $(15,020.1 | ) |
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Fixed charges: |
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Interest expense, net of capitalized interest |
| $546.3 |
| $570.1 |
| $564.5 |
| $719.6 |
| $693.7 |
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1/3 of rental expense |
| 215.8 |
| 193.4 |
| 160.9 |
| 137.2 |
| 123.8 |
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Total fixed charges |
| $762.1 |
| $763.5 |
| $725.4 |
| $856.8 |
| $817.5 |
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Ratio of earnings to fixed charges |
| Note | a | 3.8 | x | 4.0 | x | Note | a | Note | a |
Note:
(a) Earnings are inadequate to cover fixed charges by $12.57 billion in 2008, $7.55 billion in 2005 and $15.84 billion in 2004 due to the non-cash impairment charges of $14.18 billion in 2008, $9.48 billion in 2005 and $18.0 billion in 2004.