EX-12.3 9 dex123.htm STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS Statement Regarding Computation of Ratio of Earnings

EXHIBIT 12.3

 

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS

TO FIXED CHARGES FOR THE THREE MONTHS ENDED MARCH 31, 2004

 

     Three Months Ended
March 31, 2004
(in millions, except ratio)
  

Earnings

         

Loss from Continuing Operations Before Income Tax Benefit

    $ (770.2 )

Fixed Chares

      53.8  
    

Adjusted Earnings

    $ (716.4 )
    

Fixed Charges

         

Interest and Debt Expense

    $ 49.2  

Amortization of Deferred Debt Costs

      1.5  

Portion of Rents

         

Deemed Representative of Interest

      3.1  
    

Total Fixed Charges

    $ 53.8  
    

Ratio of Earnings to Fixed Charges

      (13.3 )

 

Earnings were inadequate to cover fixed charges. The coverage deficiency totaled $770.2 million for the three months ended March 31, 2004.