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)
| Three | ||||||||||||||||||||||||
| Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| March 31, | Year Ended December 31. | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
| Earnings: | ||||||||||||||||||||||||
| Net income (loss) before income taxes, discontinued operations and cumulative effect of accounting change | $ | 582 | $ | 2,196 | $ | 1,912 | $ | (13,072 | ) | $ | 2,028 | $ | 1,664 | |||||||||||
| Interest expense | 365 | 1,397 | 1,324 | 961 | 907 | 690 | ||||||||||||||||||
| Portion of rents representative of an interest factor | 18 | 71 | 71 | 63 | 61 | 50 | ||||||||||||||||||
| Amortization of capitalized interest | 1 | 3 | 3 | 3 | 3 | 2 | ||||||||||||||||||
| Preferred stock dividend requirements of majority-owned subsidiaries | — | — | — | — | — | — | ||||||||||||||||||
| Adjustment for partially-owned subsidiaries and 50%-owned companies | — | — | — | 1 | — | 27 | ||||||||||||||||||
| Distributions received less earnings of less than 50%-owned companies | 31 | 132 | 70 | 6 | 63 | 4 | ||||||||||||||||||
| Total earnings | $ | 997 | $ | 3,799 | $ | 3,380 | $ | (12,038 | ) | $ | 3,062 | $ | 2,437 | |||||||||||
| Fixed Charges: | ||||||||||||||||||||||||
| Interest expense | $ | 365 | $ | 1,397 | $ | 1,324 | $ | 961 | $ | 907 | $ | 690 | ||||||||||||
| Portion of rents representative of an interest factor | 18 | 71 | 71 | 63 | 61 | 50 | ||||||||||||||||||
| Capitalized interest | — | — | 1 | 1 | 5 | 2 | ||||||||||||||||||
| Preferred stock dividend requirements of majority-owned subsidiaries | — | — | — | — | — | — | ||||||||||||||||||
| Adjustment for partially-owned subsidiaries and 50%-owned companies | — | — | — | — | — | 43 | ||||||||||||||||||
| Total fixed charges | $ | 383 | $ | 1,468 | $ | 1,396 | $ | 1,025 | $ | 973 | $ | 785 | ||||||||||||
| Pretax income necessary to cover preferred dividend requirements | — | — | — | — | — | — | ||||||||||||||||||
| Total combined | $ | 383 | $ | 1,468 | $ | 1,396 | $ | 1,025 | $ | 973 | $ | 785 | ||||||||||||
| Ratio of earnings to fixed charges (deficiency in the coverage of fixed charges by earnings before fixed charges) | 2.6x | 2.6x | 2.4x | $ | (13,063 | ) | 3.1x | 3.1x | ||||||||||||||||
| Ratio of earnings to combined fixed charges and preferred dividend requirements (deficiency in the coverage of combined fixed charges and preferred dividend requirements deficiency) | 2.6x | 2.6x | 2.4x | $ | (13,063 | ) | 3.1x | 3.1x | ||||||||||||||||