EX-12.1 3 v91549exv12w1.htm EXHIBIT 12.1 EXHIBIT 12.1
 

Exhibit 12.1: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                                           
      Six Months                                
      Ended June 30,   Year Ended December 31,
     
 
      2003   2002   2001   2000   1999
     
 
 
 
 
                      (in thousands)                
Net loss
   $ (53,435 )   $ (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
     (52,999 )     (144,963 )     (536,950 )     (1,106,677 )     (643,199 )
 
    
     
     
     
     
 
Plus fixed charges:
                                        
 
Interest expense including amortization of debt issuance costs
     70,878       142,925       139,232       130,921       84,566  
 
Assumed interest element included in rent expense
     2,829       6,205       8,880       10,773       4,732  
 
    
     
     
     
     
 
 
     73,707       149,130       148,112       141,694       89,298  
 
    
     
     
     
     
 
 
Adjusted earnings (loss)
     20,708       4,167       (388,838 )     (964,983 )     (553,901 )
 
Fixed charges
     (73,707 )     (149,130 )     (148,112 )     (141,694 )     (89,298 )
 
    
     
     
     
     
 
Deficiency in earnings to cover fixed charges
   $ (52,999 )   $ (144,963 )   $ (536,950 )   $ (1,106,677 )   $ (643,199 )
 
    
     
     
     
     
 

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