EX-12.1 3 v93801exv12w1.htm EXHIBIT 12.1 exv12w1
 

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

                                           
Nine Months
Ended Year Ended December 31,
September 30,
2003 2002 2001 2000 1999





(In thousands)
Net loss
  $ (37,872 )   $ (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
    (37,436 )     (144,963 )     (536,950 )     (1,106,677 )     (643,199 )
     
     
     
     
     
 
Plus fixed charges:
                                       
 
Interest expense including amortization of debt issuance costs
    100,680       142,925       139,232       130,921       84,566  
 
Assumed interest element included in rent expense
    4,278       6,205       8,880       10,773       4,732  
     
     
     
     
     
 
      104,958       149,130       148,112       141,694       89,298  
     
     
     
     
     
 
 
Adjusted earnings (loss)
    67,522       4,167       (388,838 )     (964,983 )     (553,901 )
 
Fixed charges
    (104,958 )     (149,130 )     (148,112 )     (141,694 )     (89,298 )
     
     
     
     
     
 
Deficiency in earnings to cover fixed charges
  $ (37,436 )   $ (144,963 )   $ (536,950 )   $ (1,106,677 )   $ (643,199 )