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iHeartCommunications, Inc. – ‘10-K’ for 12/31/06 – EX-12

On:  Thursday, 3/1/07, at 1:05pm ET   ·   For:  12/31/06   ·   Accession #:  950134-7-4539   ·   File #:  1-09645

Previous ‘10-K’:  ‘10-K’ on 3/10/06 for 12/31/05   ·   Next:  ‘10-K’ on 2/14/08 for 12/31/07   ·   Latest:  ‘10-K’ on 5/3/18 for 12/31/17   ·   5 References:   

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

 3/01/07  iHeartCommunications, Inc.        10-K       12/31/06    9:1.3M                                   RR Donnelley

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   1.06M 
 2: EX-11       Statement Re: Computation of Per Share Earnings     HTML     17K 
 3: EX-12       Statement Re: Computation of Ratios                 HTML     19K 
 4: EX-21       Subsidiaries                                        HTML     57K 
 5: EX-23.1     Consent of Ernst & Young LLP                        HTML     15K 
 6: EX-31.1     Certification of CEO Pursuant to Section 302        HTML     12K 
 7: EX-31.2     Certification of CFO Pursuant to Section 302        HTML     12K 
 8: EX-32.1     Certification of CEO Pursuant to Section 906        HTML      9K 
 9: EX-32.2     Certification of CFO Pursuant to Section 906        HTML      9K 


EX-12   —   Statement Re: Computation of Ratios


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  exv12  

 

EXHIBIT 12 — COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except ratio)
                                         
    Year Ended  
    2006     2005     2004     2003     2002  
Income (loss) before income taxes, equity in earnings of non-consolidated affiliates, extraordinary item and cumulative effect of a change in accounting principle
  $ 1,152,100     $ 1,020,666     $ 1,270,082     $ 1,782,805     $ 1,085,117  
Dividends and other received from nonconsolidated affiliates
    15,179       14,696       13,491       2,096       6,295  
 
                             
Total
    1,167,279       1,035,362       1,283,573       1,784,901       1,091,412  
 
                                       
Fixed Charges
                                       
Interest expense
    483,974       443,245       367,503       392,215       430,890  
Amortization of loan fees
    *       *       *       *       12,077  
Interest portion of rentals
    377,767       345,288       323,957       285,143       246,514  
 
                             
Total fixed charges
    861,741       788,533       691,460       677,358       689,481  
 
                                       
Preferred stock dividends
                                       
Tax effect of preferred dividends
                             
After tax preferred dividends
                             
 
                             
Total fixed charges and preferred dividends
    861,741       788,533       691,460       677,358       689,481  
 
                                       
Total earnings available for payment of fixed charges
  $ 2,029,020     $ 1,823,895     $ 1,975,033     $ 2,462,259     $ 1,780,893  
 
                             
 
                                       
Ratio of earnings to fixed charges
    2.35       2.31       2.86       3.64       2.58  
 
                             
 
                                       
Rental fees and charges
    1,079,335       986,536       925,592       814,694       704,327  
Interest rate
    35 %     35 %     35 %     35 %     35 %
 
*   Amortization of loan fees is included in Interest expense beginning January 1, 2003.

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:3/1/07
For Period End:12/31/0611-K,  5
1/1/03
 List all Filings 


5 Subsequent Filings that Reference this Filing

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

 7/27/07  SEC                               UPLOAD9/18/17    1:38K  iHeartCommunications, Inc.
 6/20/07  SEC                               UPLOAD9/18/17    1:45K  iHeartCommunications, Inc.
 5/23/07  SEC                               UPLOAD9/18/17    1:65K  iHeartCommunications, Inc.
 4/27/07  SEC                               UPLOAD9/18/17    1:42K  iHeartCommunications, Inc.
 3/28/07  SEC                               UPLOAD9/18/17    1:59K  iHeartCommunications, Inc.
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Filing Submission 0000950134-07-004539   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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