EX-12 2 exhibit12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12


EXHIBIT 12
CC HOLDINGS GS V LLC
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND
EARNINGS TO COMBINED FIXED CHARGES
(DOLLARS IN THOUSANDS)
 
 
Years Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
Computation of earnings:
 
 
 
 
 
 
 
 
 
Income (loss) before income taxes
$
105,376

 
$
16,681

 
$
29,190

 
$
(2,202
)
 
$
(142,458
)
Add:
 
 
 
 
 
 
 
 
 
Fixed charges (as computed below)
105,145

 
149,766

 
144,194

 
142,256

 
138,465

 
$
210,521

 
$
166,447

 
$
173,384

 
$
140,054

 
$
(3,993
)
Computation of fixed charges and combined fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
50,824

 
$
91,881

 
$
93,000

 
$
93,000

 
$
91,773

Amortized premiums, discounts and capitalized expenses related to indebtedness
7,551

 
12,317

 
5,955

 
5,498

 
3,608

Interest component of operating lease expense
46,770

 
45,568

 
45,239

 
43,758

 
43,084

Fixed charges
105,145

 
149,766

 
144,194

 
142,256

 
138,465

Ratio of earnings to fixed charges
2.0

 
1.1

 
1.2

 
—

 
—

(Deficiency) excess of earnings to cover fixed charges
$
105,376

 
$
16,681

 
$
29,190

 
$
(2,202
)
 
$
(142,458
)