EX-12.1 2 nihd-6302012x10qxex121.htm EXHIBIT 12.1 NIHD-6.30.2012-10Q-Ex 12.1


Exhibit 12.1
NII HOLDINGS, INC.
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
 
 
 
 
 
Three Months Ended June 30,
 
2012
 
2011
 
 
 
(Revised)
 
 
 
 
(Loss) income from continuing operations before income tax
$
(80,497
)
 
$
234,285

 
 
 
 
 
 
 
 
Add:
 
 
 
Fixed charges
136,955

 
134,150

Amortization of capitalized interest
6,390

 
3,301

 
 
 
 
Less:
 
 
 
Interest capitalized
34,282

 
16,725

Equity in (losses) gains of unconsolidated affiliates
—

 
—

Losses attributable to minority interests
—

 
—

Earnings as adjusted
$
28,566

 
$
355,011

 
 
 
 
Fixed charges:
 
 
 
Interest expense on indebtedness (including amortization of debt expense and discount)
$
81,329

 
$
96,519

Interest capitalized
34,282

 
16,725

Portion of rent expense representative of interest (30%)
21,344

 
20,906

Fixed charges
$
136,955

 
$
134,150

 
 
 
 
Ratio of earnings to fixed charges
0.21

 
2.65