EX-12.1 8 v87419orexv12w1.htm EXHIBIT 12.1 Exhibit 12.1
 

Exhibit 12.1 Ratio of Earnings To Fixed Charges

                                           
      Year Ended December 31,
     
      2002   2001   2000   1999   1998
     
 
 
 
 
      (amounts in thousands)
Net loss
  $ (149,132 )   $ (567,277 )   $ (1,411,273 )   $ (719,968 )   $ (124,546 )
Equity in losses of equity-method investees
    4,169       30,327       304,596       76,769       2,905  
                                           
 
   
     
     
     
     
 
Net loss before equity in losses of equity-method investees
    (144,963 )     (536,950 )     (1,106,677 )     (643,199 )     (121,641 )
 
   
     
     
     
     
 
Plus fixed charges:
                                       
 
Interest expense including amortization of debt issuance costs
    142,925       139,232       130,921       84,566       26,639  
 
Assumed interest element included in rent expense
    6,205       8,880       10,773       4,732       2,833  
 
   
     
     
     
     
 
 
    149,130       148,112       141,694       89,298       29,472  
 
   
     
     
     
     
 
 
Adjusted earnings (loss)
    4,167       (388,838 )     (964,983 )     (553,901 )     (92,169 )
 
Fixed charges
    (149,130 )     (148,112 )     (141,694 )     (89,298 )     (29,472 )
 
   
     
     
     
     
 
Deficiency in earnings to cover fixed charges
  $ (144,963 )   $ (536,950 )   $ (1,106,677 )   $ (643,199 )   $ (121,641 )