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CBS Corp – ‘10-K’ for 12/31/02 – EX-12

On:  Thursday, 3/27/03, at 10:12am ET   ·   For:  12/31/02   ·   Accession #:  1047469-3-10441   ·   File #:  1-09553

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/27/03  CBS Corp                          10-K       12/31/02   16:2.2M                                   Merrill Corp/New/FA

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.39M 
 2: EX-4.(A)    Instrument Defining the Rights of Security Holders  HTML     14K 
 3: EX-4.(B)    Instrument Defining the Rights of Security Holders  HTML     14K 
 6: EX-10.(AA)(I)  Material Contract                                HTML     62K 
 7: EX-10.(AA)(II)  Material Contract                               HTML     58K 
 8: EX-10.(AA)(III)  Material Contract                              HTML     58K 
 9: EX-10.(BB)  Material Contract                                   HTML      8K 
10: EX-10.(DD)  Material Contract                                   HTML     42K 
11: EX-10.(EE)  Material Contract                                   HTML     62K 
12: EX-10.(FF)  Material Contract                                   HTML    299K 
 4: EX-10.(J)   Material Contract                                   HTML     29K 
 5: EX-10.(K)   Material Contract                                   HTML     39K 
13: EX-12       Statement re: Computation of Ratios                 HTML     24K 
14: EX-21       Subsidiaries of the Registrant                      HTML    205K 
15: EX-23       Exhibit 23(A)                                       HTML      8K 
16: EX-24       Power of Attorney                                   HTML     36K 


EX-12   —   Statement re: Computation of Ratios


This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]




Exhibit 12

VIACOM INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDEND REQUIREMENTS
(In millions except ratios)

 
  Twelve Months Ended December 31,
 
 
  2002
  2001
  2000
  1999
  1998
 
Earnings before income taxes   $ 3,734.2   $ 776.3   $ 560.6   $ 780.0   $  10.7  
Add:                              
Share in income (loss) of fifty-percent-owned affiliates and distributed income of affiliated companies     13.9     9.6     32.5     (49.0 ) (51.5 )
Interest expense, net of capitalized interest     860.4     976.3     842.5     461.0   631.2  
Capitalized interest amortized             2.2     5.7   11.5  
1/3 of rental expense     335.5     348.8     298.2     213.8   186.8  
   
 
 
 
 
 
Total Earnings   $ 4,944.0   $ 2,111.0   $ 1,736.0   $ 1,411.5   $788.7  
   
 
 
 
 
 
Fixed charges:                              
Interest expense, net of capitalized interest   $ 860.4   $ 976.3   $ 842.5   $ 461.0   $631.2  
1/3 of rental expense     335.5     348.8     298.2     213.8   186.8  
   
 
 
 
 
 
Total fixed charges   $ 1,195.9   $ 1,325.1   $ 1,140.7   $ 674.8   $818.0  
Preferred Stock dividend requirements                 0.8   118.2  
   
 
 
 
 
 
Total fixed charges and Preferred Stock dividend requirements   $ 1,195.9   $ 1,325.1   $ 1,140.7   $ 675.6   $936.2  
   
 
 
 
 
 
Ratio of earnings to fixed charges     4.1 x   1.6 x   1.5 x   2.1 x Note a  
   
 
 
 
 
 
Ratio of earnings to combined fixed charges and Preferred Stock dividend requirements     4.1 x   1.6 x   1.5 x   2.1 x Note b  
   
 
 
 
 
 

Note:




Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/27/03
For Period End:12/31/0211-K
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Filing Submission 0001047469-03-010441   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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