SEC Filings

424B5
TURNER BROADCASTING SYSTEM INC filed this Form 424B5 on 11/30/2016
Entire Document
 


Table of Contents

RATIO OF EARNINGS TO FIXED CHARGES

The ratio of earnings to fixed charges for Time Warner is set forth below for the periods indicated. Because there are no shares of preferred stock outstanding as of the date of this prospectus supplement, no ratio of earnings to fixed charges and preferred dividends is presented.

For purposes of computing the ratio of earnings to fixed charges,

 

  (a) earnings were calculated by

 

  (1) adding:

(i) pretax income (loss) from continuing operations,

(ii) adjustments for equity earnings or losses of investee companies that are 50% or less

owned on a voting basis, net of cash distributions, and

(iii) fixed charges,

 

  (2) and subtracting:

(i) capitalized interest,

 

  (b) fixed charges consist of interest expense, capitalized interest and portions of rents representative of an interest factor from both continuing and discontinued operations.

The ratio of earnings to fixed charges is earnings (as defined in (a) above) divided by fixed charges (as defined in (b) above).

 

    Nine
Months
Ended

September 30,
2016
    Year
Ended
December 31,
2015
    Year
Ended
December 31,
2014
    Year
Ended
December 31,
2013
    Year
Ended
December 31,
2012
    Year
Ended
December 31,
2011
 

Ratio of earnings
to fixed charges

    5.2x        4.6x        4.2x        4.6x        3.8x        3.7x   

 

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