EX-12.1 2 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

CNET Networks, Inc.

Computation of Ratio of Earnings to Fixed Charges

(in thousands)

 

     Fiscal Year Ended December 31,

   

Nine Months
Ended

September 30, 2004


     1999

   2000

    2001

    2002

    2003

   

Earnings available to cover fixed charges:

                                 

Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries

   674,223    (593,579 )   (2,058,495 )   (380,878 )   (25,630 )   2,830

Plus: Fixed charges

   10,015    20,836     22,209     18,693     14,591     11,068
    
  

 

 

 

 

Earnings available to cover fixed charges

   684,238    (572,743 )   (2,036,286 )   (362,185 )   (11,039 )   13,898

Fixed charges:

                                 

Interest expense, including amortization of deferred financing costs

   8,248    17,981     15,615     10,289     6,932     5,418

Interest portion of rent expense

   1,767    2,855     6,594     8,404     7,659     5,650
    
  

 

 

 

 

Total fixed charges

   10,015    20,836     22,209     18,693     14,591     11,068

Ratio of earnings to fixed charges

   68.3    xx (a)   xx (a)   xx (a)   xx (a)   1.3

(a) Earnings available to cover fixed charges were inadequate for the years ended December 31, 2000, 2001, 2002 and 2003. Additional earnings of approximately $593.6 million, $2.1 billion, $380.9 million and $25.6 million, respectively, for the years ended December 31, 2000, 2001, 2002 and 2003 would have been required to attain a ratio of 1:1.

 

 

CNET Networks, Inc.

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(in thousands)

 

    

Fiscal Year Ended December 31,


   

Nine Months

Ended

September 30, 2004


     1999

   2000

    2001

    2002

    2003

   

Earnings available to cover combined fixed charges and preferred stock dividends:

                                 

Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries

   674,223    (593,579 )   (2,058,495 )   (380,878 )   (25,630 )   2,830

Plus: Combined fixed charges and preferred stock dividends

   10,015    20,836     22,209     18,693     14,591     11,068
    
  

 

 

 

 

Earnings available to cover combined fixed charges and preferred stock dividends

   684,238    (572,743 )   (2,036,286 )   (362,185 )   (11,039 )   13,898

Fixed charges:

                                 

Interest expense, including amortization of deferred financing costs

   8,248    17,981     15,615     10,289     6,932     5,418

Interest portion of rent expense

   1,767    2,855     6,594     8,404     7,659     5,650

Preferred stock dividends

   —      —       —       —       —       —  
    
  

 

 

 

 

Total combined fixed charges and preferred stock dividends

   10,015    20,836     22,209     18,693     14,591     11,068

Ratio of earnings to combined fixed charges and preferred stock dividends

   68.3    xx (a)   xx (a)   xx (a)   xx (a)   1.3

(a) Earnings available to cover combined fixed charges and preferred stock dividends were inadequate for the years ended December 31, 2000, 2001, 2002 and 2003. Additional earnings of approximately $593.6 million, $2.1 billion, $380.9 million and $25.6 million, respectively, for the years ended December 31, 2000, 2001, 2002 and 2003 would have been required to attain a ratio of 1:1.