EX-12.1 2 nihd-3312015x10qxex121.htm EXHIBIT 12.1 NIHD-3.31.2015-10Q-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,
 
 
2015
 
2014
 
 
 
 
 
 
Loss from continuing operations before reorganization items and income tax provision
$
(294,791
)
 
$
(333,230
)
 
 
 
 
 
 
 
 
 
 
 
Add:
 
 
 
 
Fixed charges
78,149

 
173,743

 
Amortization of capitalized interest
13,184

 
12,616

 
 
 
 
 
 
Less:
 
 
 
 
Interest capitalized
1,319

 
12,722

 
Equity in losses of unconsolidated affiliates
—

 
—

 
Losses attributable to minority interests
—

 
—

 
Losses as adjusted
$
(204,777
)
 
$
(159,593
)
 
 
 
 
 
 
Fixed charges:
 
 
 
 
Interest expense on indebtedness (including amortization of debt expense and discount)
$
56,695

 
$
140,191

 
Interest capitalized
1,319

 
12,722

 
Portion of rent expense representative of interest (30%)
20,135

 
20,830

 
Fixed charges
$
78,149

 
$
173,743

 
 
 
 
 
 
Ratio of earnings to fixed charges
—

(1)
—

(1)

(1) For the three months ended March 31, 2015 and 2014, earnings were inadequate to cover fixed charges by $282.9 million and $333.3 million, respectively.