EX-12.1 2 nihd-3312014x10qxex121.htm EXHIBIT 12.1 NIHD-3.31.2014-10Q-Ex 12.1


Exhibit 12.1

NII HOLDINGS, INC.
 
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
 
(dollars in thousands)
 
 
 
 
 
 
 
Three Months Ended March 31,
 
 
2014
 
2013
 
 
 
 
 
 
Loss from continuing operations before income tax provision
$
(371,060
)
 
$
(164,202
)
 
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
Fixed charges
175,957

 
159,488

 
Amortization of capitalized interest
12,616

 
10,305

 
 
 
 
 
 
Less:
 
 
 
 
Interest capitalized
12,722

 
23,620

 
Equity in losses of unconsolidated affiliates
—

 
—

 
Losses attributable to minority interests
—

 
—

 
Losses as adjusted
$
(195,209
)
 
$
(18,029
)
 
 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expense on indebtedness (including amortization of debt expense and discount)
$
140,212

 
$
109,662

 
Interest capitalized
12,722

 
23,620

 
Portion of rent expense representative of interest (30%)
23,023

 
26,206

 
Fixed charges
$
175,957

 
$
159,488

 
 
 
 
 
 
Ratio of losses to fixed charges
—

(1)
—

(1)

(1) For the three months ended March 31, 2014 and 2013, earnings were inadequate to cover fixed charges by $371.2 million and $177.5 million, respectively.