EX-12.1 3 v89385exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1 Ratio of Earnings To Fixed Charges

                                           
      Three Months                                
      Ended March 31,   Year Ended December 31,
     
 
      2003   2002   2001   2000   1999
     
 
 
 
 
      (amounts in thousands)
Net loss
  $ (10,121 )   $ (149,132 )   $ (567,277 )   $ (1,411,273 )   $ (719,968 )
Equity in losses of equity-method investees
    436       4,169       30,327       304,596       76,769  
 
   
     
     
     
     
 
Net loss before equity in losses of equity-method investees
    (9,685 )     (144,963 )     (536,950 )     (1,106,677 )     (643,199 )
 
   
     
     
     
     
 
Plus fixed charges:
                                       
 
Interest expense including amortization of debt issuance costs
    36,511       142,925       139,232       130,921       84,566  
 
Assumed interest element included in rent expense
    1,414       6,205       8,880       10,773       4,732  
 
   
     
     
     
     
 
 
    37,925       149,130       148,112       141,694       89,298  
 
   
     
     
     
     
 
 
Adjusted earnings (loss)
    28,240       4,167       (388,838 )     (964,983 )     (553,901 )
 
Fixed charges
    (37,925 )     (149,130 )     (148,112 )     (141,694 )     (89,298 )
 
   
     
     
     
     
 
Deficiency in earnings to cover fixed charges
  $ (9,685 )   $ (144,963 )   $ (536,950 )   $ (1,106,677 )   $ (643,199 )