EX-12.1 5 dex121.htm STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement Re: Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

                 Year Ended December 31,  
     2009     2008     2007     2006     2005  

Net loss attributable to common shareholders

   (116,763   (202,907   (148,305   (135,819   (102,505

Add: fixed charges

   17,448      146,027      15,421      45,147      18,942   
                              

Earnings as defined

   (99,315   (56,880   (132,884   (90,672   (83,563
                              

Fixed charges:

          

Interest expensed and capitalized

   16,939      145,332      14,827      44,582      17,559   

Estimated interest component of rent

   509      695      594      565      1,383   
                              

Total fixed charges

   17,448      146,027      15,421      45,147      18,942   
                              

Ratio of earnings to fixed charges

   (1   (1   (1   (1   (1

 

(1) Earnings (as defined) for the period were insufficient to cover fixed charges by an amount equal to the net loss attributable to common shareholders for the period.