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)
Year Ended December 31. | ||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Net income (loss) before income taxes, | $ | 3,336 | $ | 2,462 | $ | 2,196 | $ | 1,912 | $ | (13,072) | ||||||||||
Interest expense | 1,614 | 1,524 | 1,397 | 1,324 | 961 | |||||||||||||||
Portion of rents representative of an interest factor | 80 | 68 | 71 | 71 | 63 | |||||||||||||||
Amortization of capitalized interest | 2 | 3 | 3 | 3 | 3 | |||||||||||||||
Preferred stock dividend requirements of | — | — | — | — | — | |||||||||||||||
Adjustment for partially-owned subsidiaries | — | — | — | — | 1 | |||||||||||||||
Distributions received less earnings of less than | 16 | 109 | 132 | 70 | 6 | |||||||||||||||
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Total earnings | $ | 5,048 | $ | 4,166 | $ | 3,799 | $ | 3,380 | $ | (12,038) | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 1,614 | $ | 1,524 | $ | 1,397 | $ | 1,324 | $ | 961 | ||||||||||
Portion of rents representative of an interest factor | 80 | 68 | 71 | 71 | 63 | |||||||||||||||
Capitalized interest | 4 | — | — | 1 | 1 | |||||||||||||||
Preferred stock dividend requirements of | — | — | — | — | — | |||||||||||||||
Adjustment for partially-owned subsidiaries and | — | — | — | — | — | |||||||||||||||
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Total fixed charges | $ | 1,698 | $ | 1,592 | $ | 1,468 | $ | 1,396 | $ | 1,025 | ||||||||||
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Pretax income necessary to cover preferred | — | — | — | — | — | |||||||||||||||
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Total combined | $ | 1,698 | $ | 1,592 | $ | 1,468 | $ | 1,396 | $ | 1,025 | ||||||||||
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Ratio of earnings to fixed charges (deficiency in the | 3.0x | 2.6x | 2.6x | 2.4x | $ | (13,063) | ||||||||||||||
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Ratio of earnings to combined fixed charges and | 3.0x | 2.6x | 2.6x | 2.4x | $ | (13,063) | ||||||||||||||
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