EX-12.1 2 w79950exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(dollars in thousands)
                 
    Three Months Ended
    September 30,
    2010   2009
Income from continuing operations before income tax
   $ 173,819     $ 174,856  
 
                
Add:
                
Fixed charges
     103,206       76,888  
Amortization of capitalized interest
     2,607       2,208  
 
                
Less:
                
Interest capitalized
     2,689       3,810  
Equity in (losses) gains of unconsolidated affiliates
     —       —  
Losses attributable to minority interests
     —       —  
     
Earnings as adjusted
   $ 276,943     $ 250,142  
     
 
                
Fixed charges:
                
Interest expense on indebtedness (including amortization of debt expense and discount)
   $ 83,458     $ 58,551  
Interest capitalized
     2,689       3,810  
Portion of rent expense representative of interest (30%)
     17,059       14,527  
     
Fixed charges
   $ 103,206     $ 76,888  
     
 
                
Ratio of earnings to fixed charges
     2.68       3.25  
     
 
                
Deficiency of earnings to cover fixed charges
   $ —     $ —