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Previous: LIBERTY DIGITAL INC, S-3, EX-4.1, 2000-06-12 |
Next: LIBERTY DIGITAL INC, S-3, EX-23.1, 2000-06-12 |
<PAGE>
Exhibit 12
Liberty Digital, Inc. and Subsidiairies
Statement Regarding Computation of Ratios for the periods indicated
(unaudited)
<TABLE>
<CAPTION>
TCI
Liberty Digital, Inc. Music, Inc.
---------------------------- -----------
Three months One month Two Months
ended ended ended
March 31, March 31, February 28,
------------- ------------ ------------
2000 1999 1999
------------- ------------ ------------
<S> <C> <C> <C>
Earnings (losses) from continuing operations
before income taxes.................................... 108,509 (2,406) 145
Add:
Interest on debt............................................ 3,446 550 1,138
Interest portion of rentals................................. 406 184 340
Share of (earnings) losses from equity investees
with debt not guaranteed by Liberty Digital............ 4,576 187 6
Amortization of line of credit fees......................... 12 3 12
--------- --------- ------
Earnings available for fixed charges and
preferred stock dividends.............................. 116,949 (1,482) 1,641
========= ========= ======
Fixed Charges:
Interest on debt............................................ 3,446 550 1,138
Interest portion of rentals................................. 406 184 340
Amortization of line of credit fees......................... 12 3 12
--------- --------- ------
Total fixed charges......................................... 3,864 737 1,490
========= ========= ======
Consolidated ratio of earnings to fixed charges............. 30.3 -- 1.1
========= ========= ======
Deficiency of consolidated earnings to cover fixed charges.. -- (2,219) --
========= ========= ======
Total fixed charges......................................... 3,864 737 1,490
Preferred stock dividends, pre-tax.......................... 4,363 210 420
--------- --------- ------
Total fixed charges and preferred stock dividends........... 8,227 947 1,910
Consolidated ratio of earnings to fixed charges and
preferred stock dividends.............................. 14.2 -- --
========= ========= ======
Deficiency of consolidated earnings to cover combined
fixed charges and preferred stock dividends............ -- (2,429) (269)
========= ========= ======
</TABLE>
<TABLE>
<CAPTION>
Liberty
Digital, Inc. TCI Music, Inc.
------------- --------------------------------------------
Ten Months Two Months Year Six Months
ended ended ended ended
December 31, February 28, December 31, December 31,
------------ ------------- ------------ ------------
1999 1999 1998 1997
------------ ------------- ------------ ------------
<S> <C> <C> <C> <C>
Earnings (losses) from continuing operations
before income taxes............................ (737,755) 145 (1,323) 2,443
Add:
Interest on debt.................................... 6,189 1,138 6,035 409
Interest portion of rentals......................... 1,707 340 1,911 874
Share of (earnings) losses from equity investees
with debt not guaranteed by Liberty Digital.... 11,620 6 (151) (120)
Amortization of line of credit fees................. 50 12 50 -
----------- ------------- ----------- ------------
Earnings available for fixed charges and
preferred stock dividends...................... (718,189) 1,641 6,522 3,606
=========== ============= =========== ============
Fixed Charges:
Interest on debt.................................... 6,189 1,138 6,035 409
Interest portion of rentals......................... 1,707 340 1,911 874
Amortization of line of credit fees................. 50 12 50 -
----------- ------------- ----------- ------------
Total fixed charges................................. 7,946 1,490 7,996 1,283
=========== ============= =========== ============
Consolidated ratio of earnings to fixed charges..... - 1.1 - 2.8
=========== ============= =========== ============
Deficiency of consolidated earnings to cover
fixed charges.................................. (726,135) - (1,474) -
=========== ============= =========== ============
Total fixed charges................................. 7,946 1,490 7,996 1,283
Preferred stock dividends, pre-tax.................. 3,985 420 2,257 207
----------- ------------- ----------- ------------
Total fixed charges and preferred stock dividends... 11,931 1,910 10,253 1,490
Consolidated ratio of earnings to fixed charges and
preferred stock dividends...................... - - - 2.4
=========== ============= =========== ============
Deficiency of consolidated earnings to cover combined
fixed charges and preferred stock dividends..... (730,120) (269) (3,731) -
=========== ============= =========== ============
<CAPTION>
DMX, Inc.
----------------------------------------------------
Nine Months Year Year
ended ended ended
June 30, September 30, September 30,
---------------- ------------ ------------
1997 1996 1995
----------------- ------------- ------------
<S> <S> <C> <C>
Earnings (losses) from continuing operations
before income taxes............................. (14,708) (33,855) (23,079)
Add:
Interest on debt.................................... 422 300 209
Interest portion of rentals......................... 1,341 1,775 1,699
Share of (earnings) losses from equity investees
with debt not guaranteed by Liberty Digital.... (203) (197) (307)
Amortization of line of credit fees................. - - -
----------- ----------- ------------
Earnings available for fixed charges and
preferred stock dividends...................... (13,148) (31,977) (21,478)
=========== =========== ============
Fixed Charges:
Interest on debt.................................... 422 300 209
Interest portion of rentals......................... 1,341 1,775 1,699
Amortization of line of credit fees................. - - -
----------- ----------- ------------
Total fixed charges................................. 1,763 2,075 1,908
=========== =========== ============
Consolidated ratio of earnings to fixed charges..... - - -
=========== =========== ============
Deficiency of consolidated earnings to cover
fixed charges.................................. (14,911) (34,052) (23,386)
=========== =========== ============
Total fixed charges................................. 1,763 2,075 1,908
Preferred stock dividends, pre-tax.................. - - -
----------- ----------- ------------
Total fixed charges and preferred stock dividends... 1,763 2,075 1,908
Consolidated ratio of earnings to fixed charges and
preferred stock dividends...................... - - -
=========== ========== ============
Deficiency of consolidated earnings to cover combined
fixed charges and preferred stock dividends..... (14,911) (34,052) (23,386)
=========== ========== ============
</TABLE>
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