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Previous: NEW YORK TIMES CO, 10-Q, EX-10.18, 2000-08-09 |
Next: NEW YORK TIMES CO, 10-Q, EX-27, 2000-08-09 |
Exhibit 12
THE NEW YORK TIMES COMPANY
Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratio)
(Unaudited)
<TABLE>
<CAPTION>
For the Three Months Ended For the Six Months Ended
------------------------------ -----------------------------
June 25, 2000 June 27, 1999 June 25, 2000 June 27, 1999
------------- ------------- ------------- -------------
<S> <C> <C> <C> <C>
Earnings from continuing operations before fixed charges
Income before income taxes and income from joint ventures $170,688 $142,020 $310,279 $245,365
Distributed earnings from less than fifty percent owned affiliates 4,642 2,000 7,345 3,475
-------- -------- -------- --------
Adjusted pre-tax earnings from continuing operations 175,330 144,020 317,624 248,840
Fixed charges 21,715 16,011 40,127 30,851
-------- -------- -------- --------
Earnings from continuing operations before fixed charges $197,045 $160,031 $357,751 $279,691
======== ======== ======== ========
Fixed charges
Interest expense $ 18,331 $ 13,387 $ 34,189 $ 25,723
Portion of rentals representative of interest factor 3,384 2,624 5,938 5,128
-------- -------- -------- --------
Total fixed charges $ 21,715 $ 16,011 $ 40,127 $ 30,851
======== ======== ======== ========
Ratio of earnings to fixed charges 9.07 10.00 8.92 9.07
======== ======== ======== ========
</TABLE>
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