EX-99.6 8 ex99-6.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges
Exhibit 99.6
 

 
Citizens Communications Company
Statements of the Ratio of Earnings to Fixed Charges (a)
(dollars in thousands)
(Unaudited)
 
 
        
Years Ended December 31,
         
 
2005
 
 
2004
 
 
2003
 
 
2002
 
 
2001
  
 
                                      
Pre-tax income (loss) from continuing operations before dividends on convertible preferred securities, extraordinary expense and cumulative effect of changes in accounting principle
        
$
263,212
  
 
$        61,311
  
 
$      112,928
  
 
   $  (439,953
)
 
$        34,671
  
                                       
(Income) or loss from equity investees
          
(91
)
  
(1,267
)
  
(259
)
  
(907
)
  
(1,137
)
                                       
 
                                      
Pre-tax income (loss) from continuing operations before (income) or loss from equity investees
          
263,121
   
60,044
   
112,669
   
(440,860
)
  
33,534
 
                                       
Fixed charges
          
346,531
   
386,372
   
418,223
   
443,976
   
340,608
 
                                       
Distributed income of equity investees
          
818
   
558
   
98
   
1,209
   
739
 
                                       
Interest capitalized
         
(2,176
)
  
(2,278
)
  
(2,993
)
  
(7,390
)
  
(5,675
)
                                       
Preference security dividend requirements of consolidated subsidiaries
          
(2,008
)
  
(8,718
)
  
(10,063
)
  
(10,063
)
  
(10,063
)
                                       
Carrying cost of equity forward contracts
          
-
   
-
   
-
   
-
   
(13,650
)
                                       
                                       
Total earnings
         $
606,286
   
$      435,978
   
$      517,934
   
$       (13,128
)
  
$      345,493
 
                                       
Ratio of earnings to fixed charges
          
1.75
   
1.13
   
1.24
   
(0.03
)
  
1.01
 
 
 
 
Note : The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.
 
(a)  For the year ended December 31, 2002, earnings were insufficent to cover fixed charges by $457.1 million.
 
 
 
 
 

Citizens Communications Company
Statements of the Ratio of Earnings to Combined
Fixed Charges and Preferred Dividends (a)
(dollars in thousands)
(Unaudited)
 
 
 Years Ended December 31,
       
 
2005
 
 
2004
 
 
2003
 
 
2002
 
 
2001
 
 
                                    
Pre-tax income (loss) from continuing operations before dividends on convertible preferred securities, extraordinary expense and cumulative effect of changes in accounting principle
      
$
263,212
  
 
$      61,311
  
 
$    112,928
  
 
$   (439,953
)
 
$      34,671
  
                                     
(Income) or loss from equity investees
        
(91
)
  
(1,267
)
  
(259
)
  
(907
)
  
(1,137
)
                                     
Pre-tax income (loss) from continuing operations before adjustment
   for minority interest in consolidated subsidiaries or (income) or
   loss from equity investees
        
263,121
   
60,044
   
112,669
   
(440,860
)
  
33,534
 
                                     
Fixed charges
        
346,531
   
386,372
   
428,286
   
454,038
   
364,321
 
                                     
Distributed income of equity investees
        
818
   
558
   
98
   
1,209
   
739
 
                                     
Interest capitalized
       
(2,176
)
  
(2,278
)
  
(2,993
)
  
(7,390
)
  
(5,675
)
                                     
Preference security dividend requirements of consolidated subsidiaries
        
(2,008
)
  
(8,718
)
  
(10,063
)
  
(10,063
)
  
(10,063
)
                                     
Carrying cost of equity forward contracts
        
-
   
-
   
-
   
-
   
(13,650
)
                                     
                                     
Total earnings
      
$
606,286
  
 
$    435,978
  
 
$    527,997
  
 
$       (3,066
)
 
$    369,206
  
                                     
Ratio of earnings to combined fixed charges
        
1.75
   
1.13
   
1.23
   
(0.01
)
  
1.01
 
 
 
Note : The above calculation was performed in accordance with Regulation S-K 229.503(d) Ratio of earnings to fixed charges.
 
 
(a)  For the year ended December 31, 2002, earnings were insufficent to cover fixed charges by $457.1 million.