EX-12.1 6 dex121.htm EXHIBIT 12.1 Exhibit 12.1

Exhibit 12.1

 

Ratio/Deficiency of Earnings to Fixed Charges

 

     Year ended December 31,

 
     2000

    2001

    2002

    2003

    2004

 
     (dollars in thousands)  

Earnings:

                                        

Loss from continuing operations

   $ (34,247 )   $ (139,996 )   $ (202,032 )   $ (173,076 )   $ (143,313 )

Plus: fixed charges, less preferred dividends

     38,747       87,333       96,703       104,728       86,076  
    


 


 


 


 


Total Earnings

     4,500       (52,663 )     (105,329 )     (68,278 )     (57,237 )

Fixed Charges:

                                        

Interest expense – cash

     4,879       47,713       54,822       81,501       47,460  

Capitalized Interest

     3,515       3,475       1,672       70       14  

Interest expense – non cash

     23,000       25,843       29,038       9,277       28,082  

Amortization of debt issue costs

     3,006       3,887       4,480       5,115       3,445  

Interest component of operating leases

     4,347       6,415       6,691       8,835       7,075  
    


 


 


 


 


Total fixed charges

     38,747       87,333       96,703       104,798       86,076  
    


 


 


 


 


Total deficiency

   $ 34,247     $ 133,996     $ 202,032     $ 173,076     $ 143,313  
    


 


 


 


 


Ratio of earnings to fixed charges

     0.12x       —         —         —         —