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Previous: NEW YORK TIMES CO, 10-Q, EX-10.4, 2000-11-08 |
Next: NEW YORK TIMES CO, 10-Q, EX-27, 2000-11-08 |
Exhibit 12
THE NEW YORK TIMES COMPANY
Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
(Unaudited)
<TABLE>
<CAPTION>
For the Three Months Ended For the Nine Months Ended
September 24, September 26, September 24, September 26,
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Earnings from continuing operations before fixed charges
Income before income taxes and income from joint ventures $120,842 $ 99,834 $431,122 $345,199
Distributed earnings from less than fifty percent owned affiliates 5,585 3,941 12,930 7,416
-------- -------- -------- --------
Adjusted pre-tax earnings from continuing operations 126,427 103,775 444,052 352,615
Fixed charges 21,347 16,329 60,866 47,180
-------- -------- -------- --------
Earnings from continuing operations before fixed charges $147,774 $120,104 $504,918 $399,795
======== ======== ======== ========
Fixed charges
Interest expense $ 18,077 $ 13,485 $ 51,659 $ 39,208
Portion of rentals representative of interest factor 3,270 2,844 9,207 7,972
-------- -------- -------- --------
Total fixed charges $ 21,347 $ 16,329 $ 60,866 $ 47,180
======== ======== ======== ========
Ratio of earnings to fixed charges 6.92 7.36 8.30 8.47
======== ======== ======== ========
</TABLE>
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