EXHIBIT 12(a)
VIACOM INTERNATIONAL INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratios)
Year Ended December 31,
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1993 1992 1991 1990 1989
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Earnings (loss) before income
taxes $303,665 $164,617 $66,274 ($16,046) $266,058
Add:
Distribution income of
Affiliated Companies 13,441 9,447 5,546 2,800 4,500
Interest expense, net of
capitalized interest 150,738 195,223 252,921 243,283 258,032
Capitalized interest
amortized 2,094 2,376 2,326 2,249 2,349
1/3 of rental expense 24,745 22,640 21,537 18,781 15,492
-------- -------- ------- -------- --------
Earnings $494,683 $394,303 $348,604 $251,067 $546,431
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Fixed charges:
Interest costs on all
indebtedness $151,111 $195,725 $253,434 $244,123 $313,805
1/3 of rental expense 24,745 22,640 21,537 18,781 15,492
-------- -------- -------- -------- --------
Total fixed charges $175,856 $218,365 $274,971 $262,904 $329,297
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Ratio of earnings to
fixed charges 2.81 1.81 1.27 Note (a) 1.66
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(a) As a result of the interest expenses associated with the indebtedness
of the Company outstanding under the Credit Agreement and under the
1988 Existing Subordinated Debt, earnings of the Company were
insufficient to cover fixed charges for the year ended December 31,
1990. The additional amount of earnings required to cover the fixed
charges of the Company for the year ended December 31, 1990, would have
been $11,837.