EX-12 2 d43917exv12.htm STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES exv12
 

EXHIBIT 12
Dobson Communications Corporation
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
                                         
    Year ended December 31,  
    2006     2005     2004     2003     2002  
    ($ In thousands)  
Earnings:
                                       
Income (loss) from continuing operations
  $ 12,781     $ (121,610 )   $ (52,063 )   $ (50,700 )   $ (111,526 )
Income tax (benefit) expense
    (13,960 )     (25,593 )     3,635       845       (52,177 )
Minority interest in income of subsidiaries
    9,228       9,755       4,867       6,541       6,521  
Loss from investment in joint venture
                            184,381  
 
                             
Pre-tax income (loss) before adjustment from minority interest in income of subsidiaries
    8,049       (137,448 )     (43,561 )     (43,314 )     27,199  
Minority interest in income of subsidiaries
    (9,228 )     (9,755 )     (4,867 )     (6,541 )     (6,521 )
Rental interest factor, which is 1/3 of rental expense
    23,575       18,832       14,688       10,508       12,863  
Dividends on mandatorily redeemable preferred stock
    709       22,552       32,075       30,568        
Interest expense
    232,084       243,002       219,658       138,148       108,331  
 
                             
Earnings
    255,189       137,183       217,993       129,369       141,872  
 
                             
 
                                       
Fixed Charges:
                                       
Interest expense
    232,084       243,002       219,658       138,148       108,331  
Dividends on mandatorily redeemable preferred stock
    709       22,552       32,075       30,568        
Rental interest factor, which is 1/3 of rental expense
    23,575       18,832       14,688       10,508       12,863  
 
                             
Total fixed charges
  $ 256,368     $ 284,386     $ 266,421     $ 179,224     $ 121,194  
 
                             
 
                                       
Ratio of earnings to fixed charges
    n/a       n/a       n/a       n/a       1.2  
Deficiency
  $ 1,179     $ 147,203     $ 48,428     $ 49,855     $