Exhibit 12.2
Fox Entertainment Group, Inc.
Computation of Ratio of Earnings to Fixed Charges
For the years ended June 30, | |||||||||||||||
2004 | 2003 | 2002 | 2001 | 2000 | |||||||||||
EARNINGS: | |||||||||||||||
Pretax income from continuing operations (before minority interest) | $ | 2,187 | $ | 1,623 | $ | 1,020 | $ | 394 | $ | 269 | |||||
ADDBACK: | |||||||||||||||
Dividends received from affiliates | 73 | 6 | 24 | 56 | 9 | ||||||||||
Amortization of capitalized interest | 31 | 27 | 27 | 23 | 22 | ||||||||||
Fixed charges | 259 | 229 | 351 | 427 | 384 | ||||||||||
Subtotal earnings | 2,550 | 1,885 | 1,422 | 900 | 684 | ||||||||||
LESS: | |||||||||||||||
Equity losses from affiliates | 5 | 1 | 144 | 92 | 90 | ||||||||||
Earnings available for Fixed Charges | 2,555 | 1,886 | 1,566 | 992 | 774 | ||||||||||
Interest on debt | $ | 186 | $ | 174 | $ | 297 | $ | 376 | $ | 316 | |||||
Capitalized interest | 42 | 26 | 22 | 28 | 43 | ||||||||||
Interest element on rental expense | 31 | 29 | 32 | 23 | 25 | ||||||||||
Total Fixed Charges | $ | 259 | $ | 229 | $ | 351 | $ | 427 | $ | 384 | |||||
RATIO OF EARNINGS TO FIXED CHARGES | 9.86 | 8.24 | 4.46 | 2.32 | 2.02 |