SEC Info - Clear Channel Worldwide Holdings, Inc., et al. - ‘S-4’ on 6/6/13

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Clear Channel Worldwide Holdings, Inc., et al. – ‘S-4’ on 6/6/13 – EX-12

On: Thursday, 6/6/13, at 10:18am ET · Accession #: 1400891-13-17 · File #s: 333-189123, -01, -02, -03, -04, -05, -06, -07, -08

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

 6/06/13  Clear Channel Worldwide Hold… Inc S-4                    9:2.7M                                   iHeartMedia, Inc.
          In-ter-space Services, Inc.
          Outdoor Management Services, Inc.
          Clear Channel Outdoor Holdings Co Canada
          1567 Media LLC
          Clear Channel Adshel, Inc.
          Clear Channel Outdoor, Inc.
          Clear Channel Spectacolor, LLC
          Clear Channel Outdoor Holdings, Inc.

Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-4         Registration of Securities Issued in a              HTML   1.32M 
                          Business-Combination Transaction                       
 2: EX-5.1      Opinion of Kirkland & Ellis LLP                     HTML     28K 
 3: EX-5.2      Opinion of Snell & Wilmer L.L.P.                    HTML     29K 
 4: EX-5.3      Opinion of Ballard Spahr LLP                        HTML     22K 
 5: EX-12       Computation of Ratio of Earnings to Fixed Charges   HTML     36K 
 6: EX-23.1     Consent of Ernst & Young LLP                        HTML     10K 
 7: EX-25       Statement of Eligibility of Trustee on Form T-1     HTML     59K 
 8: EX-99.1     Form of Letter of Transmittal                       HTML     99K 
 9: EX-99.2     Form Tender Instructions                            HTML     19K

EX-12 — Computation of Ratio of Earnings to Fixed Charges

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

Exhibit 12

CLEAR CHANNEL WORLDWIDE HOLDINGS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(unaudited)

	Year Ended December 31,														Three Months Ended
	2012			2011		2010			2009			2008			March 31,
(dollars in thousands)	Post-Merger			Post-Merger		Post-Merger			Post-Merger			Combined			2013			2012
Computation of earnings:
Income (loss) before income taxes and adjustment for (income) loss from equity investees	$	(267,142	)	$	100,486	$	(44,882	)	$	(990,203	)	$	(3,140,428	)	$	(78,670	)	$	(60,908	)
Distributed income (loss) from equity investees		46			3,190		2,332			3,317			15,548			-			-
Fixed charges		727,783			602,677		578,087			504,615			571,803			175,003			154,752
Total earnings	$	460,687		$	706,353	$	535,537		$	(482,271	)	$	(2,553,077	)	$	96,333		$	93,844

Computation of fixed charges:
Interest expense		373,876			242,435		239,453			154,919			165,102			88,093			67,831
Portion of rent expense representative of interest		353,907			360,242		338,634			349,696			406,701			86,910			86,921
Total fixed charges	$	727,783		$	602,677	$	578,087		$	504,615		$	571,803		$	175,003		$	154,752

Ratio of earnings to fixed charges		N/A			1.17		N/A			N/A			N/A			N/A			N/A

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Filing Submission 0001400891-13-000017 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Clear Channel Worldwide Holdings, Inc., et al. – ‘S-4’ on 6/6/13 – EX-12

On: Thursday, 6/6/13, at 10:18am ET · Accession #: 1400891-13-17 · File #s: 333-189123, -01, -02, -03, -04, -05, -06, -07, -08

Previous ‘S-4’: ‘S-4’ on 6/21/12 · Next & Latest: ‘S-4/A’ on 4/6/20

Registration of Securities Issued in a Business-Combination Transaction — Form S-4Filing Table of Contents

EX-12 — Computation of Ratio of Earnings to Fixed Charges

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

Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents